FDIC Chairman Gruenberg Resigns
Martin Gruenberg has resigned from the banking regulator following a scathing review of the agency’s culture and work environment.
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Recent Editions
Microsoft Unveils AI-Focused PCs
Microsoft also announced a new Copilot feature, Recall, that will let people ask the chatbot about previous files or windows they had used in past weeks.
Hims Shares Soar After $199 Weight Loss Shot Launch
Hims and other online healthcare providers have raced to cash in on demand for the drugs.
Expedia Ousts CTO and Senior Engineering Leader for Policy Violation
The abrupt departures come on the heels of the travel booking company's conference in Las Vegas.
Microsoft Plans to Release Next Call of Duty on Game Pass
Release of the blockbuster game on Microsoft's gaming service should drive subscriptions but hurt Activision retail sales.
GPU Cloud Provider CoreWeave Raises $7.5 Billion in Debt
The cloud provider has raised a total of $12 billion in equity and debt, primarily in the past year.
OpenAI Safety Leader Exits After Reaching ‘Breaking Point’
A number of safety-focused AI researchers, including former chief scientist Ilya Sutskever, have left the company in recent months.
Snowflake Said to Discuss Buying AI Startup Reka AI for $1 Billion
Deal talk comes one year after rival Databricks acquired MosaicML for $1.3 billion.
Emma Chamberlain’s Coffee Brand Raises Fresh Funding
Chamberlain, who counts 12 million followers on YouTube and 15 million followers on Instagram, launched the brand in 2019.
AI Coding Startup Replit Cuts 20% of Staff, Shifts to Enterprise Sales
Replit has raised more than $220 million in funding and was last valued at over $1 billion.
Microsoft Offers to Relocate China-Based AI Staff
The offer comes amid rising tension between China and the U.S., especially over cutting-edge AI technology.
Europe Investigates Meta Over Child Safety Risks
The investigation could lead to fines of up to 6% of Meta’s global revenue.
New Sports Streaming Service From ESPN, Fox and Warner Has a Name: Venu Sports
Venu Sports plans to launch in the fall, offering a subscription service that bundles sports channels owned by Disney's ESPN, Fox and Warner Bros. Discovery.
Gopuff Cuts 6% of Staff In Fresh Layoffs
Gopuff, which has raised a total of $4.9 billion, burned around $400 million in 2023, The Information reported last week.
Bolt’s Co-Founder Breslow Nears $30 Million Settlement With Investor
This dispute revolved around a loan Breslow took out, backed by Bolt cash.
Instagram Co-Founder Mike Krieger Joins Anthropic as New Product Chief
Anthropic says Krieger will help the company expand the use of its Claude chatbot.
Netflix Plans to Build Its Own Advertising Technology Platform
Netflix also said it has 40 million monthly active global users for its ad-supported tier. However, it has not disclosed how many subscriptions the tier has.
Chime Adds Early Paycheck Cashouts to Boost Growth
Fintech banking startup Chime is launching a new cash advance product that allows customers to access up to $500 of their wages.
Microsoft’s AI Push Is Jeopardizing its Pledge to Go Carbon Neutral by 2030
The disclosure shows how energy-hungry the AI boom is proving to be.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy