SkyDance’s Bid for Paramount Includes Backing From Larry Ellison
Under the deal being negotiated, the Redstone family will get bought out for cash but other shareholders in Paramount Global will keep their shares.
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Recent Editions
Investors Seek $3 billion for Musk’s xAI at $18 billion Valuation
Longtime Musk investors Gigafund and Steve Jurvetson are reportedly looking to invest
Musk Says Tesla Will Present Its New Robotaxi in August
His announcement follows a Reuters report that Tesla had canceled plans for its $25,000 car
Instagram Revenues Revealed in Court Filings
FTC lawsuit shows the importance of photo-sharing app to Meta’s overall business.
Tesla’s Plans for $25,000 Car In Question Following Report and Musk Denial
The low-cost car was central to Elon Musk’s goals to sell 20 million cars in 2030.
YouTube Says OpenAI’s Use of Its Videos Would Violate Terms
OpenAI chief technology officer Mira Murati said last month that she didn’t know whether the company's video-generating AI model was trained on YouTube data.
Alphabet Considering Offer to Buy HubSpot, Reuters Reported
Hubspot’s market capitalization is about $33 billion and its shares rose 6% following the report.
Musk says Tesla Will Raise AI Engineer Compensation
Elon Musk said OpenAI has used “massive compensation offers” to recruit talent away from Tesla.
Federal Report Blast’s Microsoft’s Security ‘Weakness’ Over Chinese Hack
The report calls on Microsoft CEO Satya Nadella and the company’s board to “make fundamental, security-focused reforms across the company."
Spotify Names Saab Finance Chief as New CFO
Spotify had decided it wanted a CFO with different experience. The new finance chief has decades of corporate experience, unlike the recent CFO who came from Wall Street.
Google Reportedly Considers Charging for AI Search Features
The move would be a major shift after decades of offering the search engine for free.
Paramount Enters Into Exclusivity Talks With Ellison’s SkyDance
Skydance's offer may leave Paramount as a publicly traded company, whereas Apollo is reportedly offering to buy all of the company.
Peltz Loses Disney Board Contest
Peltz had strongly criticized Disney's track record over the past few years and argued that the board was too close to CEO Bob Iger.
AI Startups Dominate Y Combinator Winter Batch
The winter batch of startup accelerator Y Combinator includes roughly 130 artificial intelligence companies.
Spotify Is Planning to Raise Prices in the US and Other Markets
Spotify will increase prices in the U.K., U.S., Australia, Pakistan, and a few other countries over the next few months.
Amazon Web Services Lays Off Hundreds of Physical Stores Tech, Sales Staff
The cuts in physical retail tech come one day after The Information reported that Amazon plans to remove its Just Walk Out checkout technology from many of its grocery stores.
Biden Discussed TikTok With Chinese President Xi During Call
Biden's conversation with Xi comes as a U.S. bill is trying to force TikTok to cut ties with its Chinese parent company ByteDance or be banned.
Intel Shares Drop After It Disclosed $7 Billion Loss From Chip Manufacturing Unit
CEO Pat Gelsinger wants the foundry business to make chips for other companies, not just Intel.
Jon Stewart Says Apple Didn’t Want Him to Interview FTC Chair Lina Khan
Khan has led an aggressive push to curb the power of tech companies since she took the reins of the FTC in 2021, part of a broader Biden administration effort also involving the Justice Department.
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