Apple to Likely Make Mac, iPad Chips Only with TSMC in Arizona
Apple's use of Amkor to assemble Arizona-made chips suggests iPad and Mac chips will be made there. That won't cut Apple's reliance on Taiwan for the iPhone.
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Recent Editions
Nelson Peltz Signals Plans for Disney Proxy Fight
Activist investor Nelson Peltz said he will take his case for change at Disney directly to shareholders, a sign he plans a proxy contest for board seats.
Meta Plans Threads Europe Launch
The company excluded Europe from its initial Threads rollout over regulatory concerns.
Russia, Iran and China Are Top Sources for Fake Accounts, Meta Says
The social media company reported on accounts targeting people in other countries as part of coordinated campaigns to manipulate public opinion.
GM to Slash Spending on Cruise
The planned cuts follow a safety crisis at the robotaxi unit.
Elon Musk Rejects Advertiser Concerns in Profanity-Laden Interview
In recent weeks, major advertisers including Apple, Disney and IBM have paused advertising after Musk endorsed an antisemitic post on X.
Salesforce Revenue Rises 11%, Says Customers Embracing ‘New Era’ of AI
Free cash flow for the quarter was $1.37 billion, compared to $115 million a year prior.
Snowflake Revenue Rises 32% As CEO Hails ‘Stabilizing’ Software Market
The company’s stock was up nearly 7% in after-hours trading on Wednesday.
Blackstone to Buy Pet-Care Site Rover for $2.3 Billion
Rover had gone public in 2021 via a SPAC merger.
SoFi Shutting Down Its Crypto Business
SoFi’s crypto services have come under scrutiny from the Federal Reserve.
AWS Launches ‘Multimodal’ AI Models, Image Generator
Google also has been hard at work on a multimodal model, Gemini, but has delayed its release to customers of Google Cloud.
Coatue Called for Stability CEO Mostaque to Step Down
Investors are frustrated with CEO Mostaque's management style.
OpenAI Not Planning to Give Microsoft, Other Investors Board Seats
CEO Sam Altman is not expected to join the reconstituted board.
Apple Proposes Exit From Partnership With Goldman Sachs
Move will likely put an end to the pact, as Goldman already wanted out.
Charlie Munger, Warren Buffett’s Right-Hand Man, Dies at 99
Charlie Munger, the billionaire who was Warren Buffett’s closest ally at Berkshire Hathaway, has died at age 99.
AWS Unveils AI Chatbot and Assistant, Taking Aim at OpenAI
The product, which is not yet available to customers, appears to be a direct competitor to OpenAI’s ChatGPT for enterprise customers.
AWS CEO Selipsky Ribs Rivals in Keynote
The AWS CEO used a good portion of his keynote on Tuesday to emphasize why AWS is better than its cloud competitors.
AI Video-Generation Startup Pika Raises $55 Million in Funding
The startup was launched in April this year.
Iger Plays Down Talk of Asset Sales
Iger claimed he had been trying to gauge investor reaction to the idea of asset sales and didn't expected the reaction.
U.S. Officials Raise Concerns About Abu Dhabi AI Firm’s Ties to China
Abu Dhabi-based G42, which last month announced a partnership with OpenAI, also works with controversial Chinese firms such as Huawei.
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