SpaceX Valued Near $180 Billion After Raising Tender Offer Price
The tender could value SpaceX at $97 per share, up from $81 in June.
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Tesla Recalls 2 Million Cars For Autopilot Problem
The recall follows a two-year federal investigation
Meta Starts Testing Multimodal AI in Smart Glasses
The test will be available through an opt-in early access program in the U.S., chief technology officer Andrew Bosworth said.
The Farmer’s Dog Looks to Raise Fresh Capital
The fundraising could value the high-end pet food startup significantly higher than its last $2.5 billion valuation.
U.S. Official Downplays China’s Ability to Produce Advanced Chips
Despite U.S. semiconductor sanctions, there are ongoing debates about whether China has figured out ways to manufacture advanced chips.
Apple Offers to Let Rivals Access Tap-and-Go Technology
EU regulators last year charged Apple with curbing rivals' access to the tech
Microsoft Says Its Homegrown AI Model Outperforms Meta’s Llama 2, Runs On Phones
Microsoft will make the model available on Azure, where developers can use the model in their own apps.
Google Loses Antitrust Case Over App Store Fees
A jury in California sided with game developer Epic Games in a closely watched battle that could jeopardize billions of dollars in annual revenue.
Ex-DataRobot CEO Launches Data Center Startup
Armada raised $55 million to bring modular data centers to remote locations.
Oracle Stock Drops 8% on Slower Revenue Growth
The company plans to substantially increase its capital expenditures in the next six months to build out more data centers.
Amazon’s Top Drone Safety and Regulatory Executive Exits
Director Sean Cassidy’s exit comes as Amazon looks to expand its drone delivery operations following years of delays and regulatory setbacks.
Elon Musk Brings Alex Jones Back to X
Bringing back Jones is likely to further deter advertisers who have stopped spending on the platform since Musk bought control of X.
Shari Redstone Reportedly in Talks to Sell Paramount Global to David Ellison
Paramount Global has a market capitalization of about $11 billion, making it the smallest of the traditional TV firms by market value.
TikTok to Acquire Indonesia’s Tokopedia to Revive Local E-Commerce Push
TikTok's deal with Tokopedia's parent company GoTo comes after Indonesia forced the video app to shut down its e-commerce business in October.
UAE Tech Firm G42 Tries To Distance Itself From China
The comments reflect the growing geopolitical tension between the U.S. and China over chips used to develop artificial intelligence software.
OpenAI Hires WilmerHale to Review CEO Firing
Before he could return as CEO, Altman agreed to a legal review of his activities as part of a compromise deal.
Smile DirectClub To Liquidate After Rescue Deal Fails
A potential deal to rescue the once-buzzy tooth straightening startup Smile Direct Club has failed and the company is shutting down, the company said Friday.
Amazon Asks Court to Dismiss FTC Antitrust Suit
Amazon said the the FTC misrepresented its practices and failed to identify anticompetitive behavior.
Republicans Demand Answers On OCC Boss With Fake Resume
Republican lawmakers called on the banking regulator to answer questions about its fintech chief with “falsified credentials and a questionable background."
David Ellison’s Skydance and RedBird Capital Exploring Paramount Deal
Film producer David Ellison and investor Gerry Cardinale are reportedly exploring either acquiring or investing in Paramount Global or its parent company.
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.
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