Nvidia-Backed Cloud Startup CoreWeave Closes $642 Million Secondary Sale
CoreWeave was on track to generate $500 million in revenue this year, up from $25 million last year.
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Spotify to Cut 17% of Workforce
CEO Daniel Ek said substantial action to address Spotify's costs was necessary, given slower growth and higher interest rates.
Sam Altman-Backed Chip Startup Inked $51 Million Deal With OpenAI
OpenAI was especially drawn to Rain AI's chips for their ability to be placed in devices like phones and watches, a person familiar said.
Longtime Google Ads Chief Steps Down
Dischler will be replaced by search ads chief Vidhya Srinivasan.
Apple and Paramount Global Discuss Streaming Bundle
Industry executives increasingly have talked about the value of bundling, to reduce churn.
SpaceX to Launch Satellites for Amazon’s Starlink Competitor
An Amazon shareholder sued Amazon and Jeff Bezos in August, alleging that the company awarded contracts to Blue Origin without considering using SpaceX.
OpenAI Delays Launch of Chatbot Store to Early 2024
OpenAI's GPT store was originally set to launch in November this year.
Walmart Pauses Ad Spending on X
A spokesperson said that Walmart has "found some other platforms are better for reaching our customers."
Tiger Global’s $12.7 Billion Fund Records 18% Loss
Tiger has marked down its stakes in Superhuman, DuckDuckGo and OpenSea.
European Regulators Question Meta Over Child Safety Issues
The request from EU regulators coincides with a new report that shows Meta is struggling to combat child sexual abuse material on Instagram.
Saudi Fund Sells Shares In U.S. AI Chip Startup After U.S. Security Review
A venture arm of the petroleum giant Saudi Aramco, Prosperity7, has sold its shares in a San Francisco-based AI chip startup.
Federal Judge Halts Montana TikTok Ban
The preliminary injunction is an important victory for TikTok as the ByteDance-owned app is facing fresh political pressure.
Tesla Hands Over Keys For First Cybertrucks
The cheapest model is $60,990, up from the early promised price tag of $39,900.
Vox Media Cuts 4% of Workforce
The firm, which owns New York magazine and The Verge, blamed the cuts on "continued turmoil in advertising."
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.
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.
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