Walt Disney’s Grandchildren Come Out in Support of Iger
Walt Disney's grandchildren invoked the spirit of their iconic grandparent to support CEO Bob Iger in his battle with activists.
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Recent Editions
Humanoid Robot Developer Raises $675 Million From Microsoft, OpenAI
Founded in 2022, the startup previously raised $70 million led by Parkway Venture Capital in May.
Microsoft Launches AI For Finance in Excel
Financial services firms have proven eager early adopters of Microsoft’s AI tools.
Alibaba Cloud Announces Biggest Price Cut Ever
China's major cloud service providers have been facing sluggish demand amid the country's slow economic recovery.
SEC Has Probed Whether OpenAI Leaders Misled Investors
The probe is an understandable result of the prior board's allegation that CEO Sam Altman wasn't "consistently candid."
Probe Into Altman’s Firing From OpenAI Nears Conclusion
The law firm examining the events leading to Altman's ouster has been interviewing people and reviewing documents.
Former Google Ads Chief to Lead New Cloud Unit
Dischler will lead a new “Cloud Applications” unit that will help customers integrate AI into their business operations.
Paramount Says Streaming Losses Peaked in 2022 as TV Business Continues Slump
Revenue for Paramount's TV segment fell 12% in the fourth quarter of 2023. The company said it expects Paramount+ to be profitable domestically in 2025.
Snowflake’s AI Executive to Succeed Slootman as CEO
Frank Slootman will be succeeded by former longtime Google executive Sridhar Ramaswamy, a sign that Snowflake will become more aggressive in AI.
Salesforce Introduces Dividend, Reports Steady Revenue Growth
Salesforce tempered expectations for the year ahead, projecting that full year revenue for 2024 will grow at a slightly lower rate.
Publishers Allege Google Advertising Tools Deprived Them of Income
Axel Springer and other publishers are piggybacking on U.S. authorities' evidence and allegations against Google.
Musk Promises New Tesla Roadster In 2025
The long-promised sports car was first announced in 2017.
Thrasio, Amazon Aggregator That Raised More Than $3 Billion, Files for Bankruptcy
The company said it would continue operating and had received commitments for up to $90 million in new financing.
Disney Spins Off India Business in $8.5 Billion JV with Reliance Industries
The joint venture will combine Disney's TV networks and Hotstar streaming service in the country with Reliance's Viacom18.
HongShan’s Neil Shen Obtained Singapore’s Permanent Residency
Some of China's wealthy tech founders and investors sought residency in Singapore after Beijing's crackdown on tech firms and Covid lockdowns.
Google’s AI Mistakes Are ‘Completely Unacceptable,’ CEO Pichai Said
It's the first time Google's CEO acknowledged the recent firestorm.
OpenAI Moves to Dismiss Times Lawsuit
The New York Times filed the lawsuit against OpenAI and Microsoft last December, following failed negotiations between the parties.
Klarna Considers Aiming for $20 Billion Valuation in IPO This Year
Firm could go public as soon as the third quarter, according to a Bloomberg report.
Apple Reportedly Ends Work on Electric Car, Moves Staff to AI Unit
Apple is canceling its electric car effort, a decade-long project in which it had invested billions.
EU Regulators to Scrutinize Microsoft’s $16 million investment in Mistral
Microsoft's investment in Mistral pales in comparison to its $13 billion investment in OpenAI, which is also under regulatory scrutiny.
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