FTC Bans Noncompetes Nationwide
The ban blocks employment contracts which prevent workers from joining rival companies or starting similar businesses.
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Tesla Revenue Declines 9% as Vehicle Sales Slow
Gross profits also fell 19%, the electric vehicle maker reported.
IBM in Talks to Buy Hashicorp
Shares of Hashicorp rose 23% on the potential acquisition news
Walmart-Backed Fintech Launches Buy Now, Pay Later Loans
The launch puts One in more direct competition with other installment lenders like Affirm.
Amazon Changes Grocery Fees Again With $10 Monthly Delivery Subscription
It’s the latest in a series of changes Amazon has made to its grocery fees over the past few years.
Microsoft Debuts New Open-Source Small AI Model
Phi-3 was trained with carefully-selected data scraped from the internet as well as text generated by other large-scale AI models such as OpenAI’s GPT-4.
Price Increases Lift Spotify’s Revenue and Bottom Line
Spotify reported 20% higher revenue in the first quarter, and a healthier operating profit than it has demonstrated in some time.
Google Terminates Another 20 Employees Who Protested Israel Contract
The move raised the number of terminated employees to around 50.
Creator Startup Featured on Takeover List Sells Flagship Product
The target is one of dozens of creator startups that hadn't raised money since 2021, setting themselves up for a cash crunch.
Amazon to Add Drone Delivery in Arizona, End Service in California
Amazon’s drone delivery program, which dates back to at least 2013, has been slow to expand due in part to restrictions from the Federal Aviation Administration.
Meta Says Lenovo, Asus Will Use Its VR Software to Build Headsets
Meta is battling to develop the dominant operating system for AR and VR devices.
Tesla Cuts FSD and Car Prices
The price cuts come as Tesla struggles with declining sales ahead of its first quarter earnings.
Russian Court Sentences Meta Spokesperson to Six Years in Absentia
A military court in Moscow on Monday convicted Meta Platforms communications director Andy Stone of justifying terrorism, Russian independent news website Mediazona reported.
EU Probing New TikTok App Over ‘Addictive’ Rewards Program
The EU is probing TikTok's new app and its rewards programing for its 'addictive' design.
Former Coinbase Custody Head Joins Anchorage as COO
At Coinbase, Aaron Schnarch was instrumental in supporting the launch of bitcoin exchange-traded funds.
U.S. Commerce Secretary Reiterates Tough Position on China
Her comments come as Washington struggles to rebuild trade relations with Beijing.
TikTok Plots Suit Over U.S. Ban Bill, Exec Tells Staff
TikTok’s U.S. policy chief called the divest or ban bill ‘unconstitutional.’
Microsoft Hires Ex-Meta Platforms Exec to Boost Data Centers, OpenAI Supercomputers
Jason Taylor may take over some of the duties of Brian Harry, a senior executive involved in the Microsoft data center team, who has told colleagues that he plans to retire.
House Approves TikTok Sell or Ban Bill
The bill, part of a broader legislative package containing aid for Ukraine and Israel, now goes to the Senate where it is expected to be approved as soon as Monday.
Katie Haun to Leave Coinbase’s Board
With Haun's departure, Coinbase plans to reduce the size of the board from eight to seven.
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