Biden Vetoes Bill Overturning SEC Crypto Accounting Rule
Bill would have made it easier for banks to custody crypto
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Recent Editions
Google Cloud Lays Off Some Sales Staff
Google laid off an unspecified number of sales staff at its cloud computing unit this week despite strong quarterly results.
Elon Musk’s X Planning Trump Town Hall
Musk has not endorsed a candidate in the upcoming presidential election, but has said he wouldn’t vote for Biden.
OpenAI Launches ChatGPT for Universities
ChatGPT Edu could help students with tutoring, researchers with writing grant applications and professors with grading.
Disney, Comcast At Odds Over Hulu Valuation
The negotiations will determine how much more Disney has to pay to buy Comcast out of Hulu.
Proxy Firm ISS Advises Against Musk’s Tesla Pay Package
Institutional Shareholder Services joins a growing chorus of voices opposing the reinstatement of Musk’s 2018 comp plan
TikTok Pauses Shop Expansion Plans in Europe
TikTok is holding off on expanding its commerce efforts in Europe.
U.S. Officials Confirm Cheap E-Commerce Import Crackdown
The statement confirms report from The Information on Wednesday that several brokers had been suspended from importing items under a program called Entry Type 86.
Google Scales Back ‘AI Overviews’ After Inaccurate Results
In a blog post, vice president Liz Reid said Google added better detection for “nonsensical queries” that shouldn’t show an AI-generated result.
Steve Jurvetson’s Future Ventures Raises $169 Million for New Fund
The new 'AI' fund comes a year after Future Ventures' last public fund announcement.
Paul Graham Denies Y Combinator Fired Sam Altman
The allegations emerged after OpenAI’s board fired Altman, citing a lack of candor.
MongoDB Shares Drop 26% on Weak Growth as Software Sector Woes Continue
The results cap a string of bad results for enterprise software firms.
OpenAI Restarted Its Robotics Team
OpenAI shuttered the robotics team in 2020 after struggling to find data to train AI software for the robots.
Elon Musk Agrees to Testify in SEC Probe of Twitter Purchase
The agreement ends a months-long dispute between Musk and the SEC.
Amazon Ends Fresh Grocery Delivery in Five U.K. Cities
Customers will still be able to order from at least one of the three major British grocery chains Amazon has deals with: Morrisons, Iceland and Co-op.
U.S. Escalates Crackdown on Trade Rule Behind Shein and Temu
Customs officials suspended the licenses of several customs brokers handling cheap imports
Meta Holds Annual Shareholder Meeting
Investors rejected 10 shareholder proposals, including one regarded by child safety backed by whistleblower Frances Haugen.
Salesforce Warns Of More Cautious Buying Habits Among Companies
The company projected revenue growth of only 7% to 8% in the second quarter, well down on the first quarter.
New AWS CEO Matt Garman Shares Leadership Changes
Several AWS sales executives will continue to report to him in his new role as CEO.
OpenAI Strikes Licensing, Product Deals with Vox Media, the Atlantic
OpenAI has previously struck deals with publishers including the Associated Press and Axel Springer.
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