Shopify Shares Fall On Projected Revenue Slowdown
The e-commerce software maker has refocused on winning larger customers after selling its logistics business last year.
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U.S. Revokes Licenses for Qualcomm, Intel to Supply Chips to Huawei
The move comes after Huawei launched a new A.I.-enabled laptop, which used Intel processors, and amid criticism from some U.S. lawmakers and officials.
Lyft Reports Sharply Higher Growth Rate
The results suggest that changes made by CEO David Risher, who took the reins of Lyft last year from its co founders, are paying off.
BigCommerce Reportedly Hires Bankers to Explore Potential Sale
The e-commerce software company has struggled to compete with larger firms like Shopify.
Newly-Public Reddit Reports Bumper Q1
Reddit reported 48% higher revenue on a big increase in users, sending its stock soaring.
Apple Unveils New iPads Using AI Chip
At an online event, Apple emphasized the capabilities of its M4 chip.
OpenAI Developing Tool For Content Creators to Exclude Works from Training Data
The announcement follows a number of copyright infringement lawsuits from publishers and artists against OpenAI and Microsoft.
TikTok Sues Over Potential U.S. Ban
TikTok filed a lawsuit against the U.S. government over a new law that forces a sale or ban of the app.
Security Startup Wiz Raises $1 Billion at $12 Billion Valuation
The new funding makes Wiz one of the highest-valued security startups.
OpenAI and IAC’s Dotdash Meredith Strike Licensing Agreement
As part of the deal, OpenAI's ChatGPT will feature Dotdash Meredith content and links in relevant responses.
Disney Slashes Streaming Losses
The company even showed a profit in the streaming segment that excludes its ESPN+ streaming service.
OpenAI Considers Postponing Product Event This Week
OpenAI was expected to share product updates with attendees, as well as show demos in-person from its San Francisco office.
Scale AI Closes Austin Office, Cuts Contractor Count
The dozens of contractors were focused on projects related to labeling and classifying generative AI.
YouTuber MrBeast Splits From Management Company Night
Popular YouTuber MrBeast is parting ways with his long-time manager.
Apple-Google Search Deal Valid Until At Least 2026, DOJ Says
Under the current deal, which was signed in 2016, Google pays Apple 40% of its net revenue from showing ads to Google search users in Safari.
Robinhood Receives SEC ‘Wells Notice’ for Crypto Business
Brokerage app discloses potential SEC enforcement action
Buffett Defends Stake in Apple
Berkshire Hathaway retains an enormous position in the tech giant despite its slumping iPhone sales.
Paramount Widens Acquisition Talks To Include Sony and Apollo
The pair submitted a valuation of Paramount last week valuing it at $26 billion.
Tech Group Mulls AI Draft Legislation Focused On National Security
Possible legislation could require AI developers to implement a version of banks’ know your customer rules to prevent foreign adversaries.
Fei-Fei Li Building ‘Spatial Intelligence’ Startup
Li recently raised a seed round for the company from investors including Andreessen Horowitz and the Canadian venture capital firm Radical Ventures, according to Reuters.
Weekday mornings
The Information AM by The Information Staff
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