AWS Revenue Accelerates Slightly to 13% But AI Sales Stay Elusive
AWS has been under pressure to show it is keeping up with Microsoft, which has touted some revenue growth gains from its partnership with OpenAI.
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Amazon’s Fulfillment Changes Drive Stronger North America Margins
The company has been trying to control costs after overbuilding its delivery infrastructure.
Meta’s Revenue Rises 25% as Company Starts Quarterly Dividend
Meta's income from operations more than doubled, and its net income tripled. The company also announced it would pay its first dividend.
Snap Recalls Pixy Drone Due to Fire Hazard
Snap has received four reports of the battery overheating and bulging, leading to “one minor battery fire and one minor injury."
Elliott Gains Board Seat At Online Marketplace Etsy
Elliott is the online marketplace’s largest shareholder, according to FactSet data.
Peloton Cuts Revenue Outlook, Shares Drop
The home fitness equipment maker has turned to several partnerships to try to boost sales.
Musk: Tesla Will Hold Shareholder Vote to Move Incorporation to Texas
His comments come after a Delaware judge earlier this week struck down Tesla’s 2018 $55.8 billion pay package for the CEO.
ByteDance CEO Warns Company Could Become “Mediocre”
The CEO said the tech giant didn't pay enough attention earlier to the artificial intelligence technology that led to the rise of OpenAI and its rivals.
Qualcomm Returns to Growth As Smartphone Sales Pick Up
The chip giant had suffered a sharp slump in revenue last year due to a slump in the smartphone market.
Online News Startup The Messenger to Shut Down
The Messenger raised $50 million last year with lofty ambitions of reaching $100 million in revenue in 2024. It's since burnt through most of its cash.
Billionaire Byron Allen’s Media Firm Submits Bid for Paramount Global
Allen's offer is for roughly $30 billion, including $14.3 billion for shares in Paramount Global and assuming its $15 billion debt load.
Flexport Overhauls Executive Ranks Again, Lays Off 15% of Staff
The cuts come after Flexport raised $260 million from Shopify, which already owned 17% of the company.
Social Media CEOs Detail Trust & Safety Efforts for Senators
X CEO Linda Yaccarino said X had “increased the number of trust and safety employees and agents all over the world by at least 10%,” although it’s unclear what drove that change.
Microsoft Engineer Tells Lawmakers He Warned Company About AI Image Safety Problems
The engineer says he never received a response from Microsoft's or OpenAI's leadership.
Meta CEO Mark Zuckerberg Apologizes to Families of Abuse Victims
“I’m sorry for everything that you all have been through,” Zuckerberg told families of victims of online exploitation and harassment during a congressional hearing.
Meta Rejected Efforts to Improve Youth Safety, Documents Show
Lawmakers released internal emails hours before CEO Mark Zuckerberg testified before Congress about child sexual exploitation online.
Senators Criticize Social Media CEOs Over Responses on Online Sexual Abuse of Children
Lindsay Graham argued that until consumers have the right to sue tech companies over content they find on their platform, nothing would change.
Universal Music Group to Pull Songs from TikTok after Deal Talks Fall Through
The announcement follows more than a year of negotiations between TikTok and UMG.
AMD Increases AI Chip Sales Projection 75% as Overall Revenue Stalls
AMD said it is working with Microsoft, Oracle and Meta Platforms to install the latest GPUs in their data centers.
Elon Musk’s $56 Billion Tesla Pay Struck Down by Judge
The Delaware Chancery Court ruled that Tesla failed to prove that Musk’s compensation was fair.
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