ByteDance Expands Buyback to Non-U.S. Employees
TikTok parent company ByteDance is now also offering to buy back shares from employees outside the U.S.
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Amazon Adds Ex-Baidu, Google Brain Exec Andrew Ng to Board
The company also said that Judith McGrath, a longtime television executive, will not stand for reelection at its annual shareholder meeting in May.
Hiring Software Firm Checkr Cuts Staff
The company, backed by Fidelity and Franklin Templeton, was last valued at $4.6 billion.
OpenAI CEO Altman Turns to Middle East For ‘Global Coalition’ Ambitions
The OpenAI CEO is pressing government officials on this plan to build data centers and the other technological infrastructure to support AI.
OpenAI Expands $86 Billion Tender Offer, Inviting Former Employees
Some investors have sat out the share sale because of OpenAI's high valuation.
Wiz Buys Israeli’s Gem Security
The cybersecurity startup indicated it will do more deals in the future.
Meta Releases Details About New AI Chip
The new chip “more than doubles the compute and memory bandwidth of our previous solution,” Meta said in a blog post.
Rent the Runway Shares Jump As It Projects Return to Revenue Growth
The company said it would boost margins by selling more secondhand items in addition to renting them.
Four Paramount Board Members to Step Down Amid Merger Talks
Three of the board members are on a special committee tasked with finding the best possible deal for Paramount, which is in merger talks with Skydance.
ByteDance Recorded Higher Profitability in 2023
ByteDance's business has performed well over the past year despite all the geopolitical headwinds facing TikTok in the U.S.
Google Launches Enterprise Video-Creation App
Vids is one of several additions to Workspace that Google unveiled at its annual cloud computing conference.
Google Cloud Unveils Homegrown Server Chip
The announcement makes Google Cloud the last major cloud provider to launch a custom central processing unit.
Microsoft to Spend $2.9 Billion on Japan Data Centers Amid AI Push
Microsoft is bulking up its AI infrastructure worldwide to support the high compute needs that AI applications require.
Mitch McConnell Backs House TikTok Bill
McConnell’s support of the bill, which breaks with former president Donald Trump’s opposition to it, could help restart legislative action on the bill.
TikTok To Test New Photo App
TikTok could soon test a new app for posting photos, similar to Instagram.
JPMorgan’s Dimon Compares AI Impact to Printing Press
JPMorgan CEO is “completely convinced” AI will transform society.
DHS Announces Crackdown on Trade ‘Loophole’ Popularized by Shein, Temu
The government agency said it would increase package screenings and audits of overseas facilities.
Microsoft Announces London AI Hub Overseen by Suleyman
The new hub is an early sign of how Suleyman plans to reshape Microsoft’s consumer AI business.
TSMC Receives $6.6 Billion U.S. Funding for Arizona Chip Plant
The funding for TSMC's U.S. plant is part of Washington's effort to lessen reliance on foreign chip manufacturing facilities.
Snap Turns Off “Solar System” Friend Ranking Feature by Default, Following Concerns
The Information first reported on the feature, citing interviews with eight young Snapchat+ users who said that Solar System heightened feelings of insecurity.
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