CFPB Says Banks That Use Chatbots Risk Legal Breaches
CFPB review of complaints found 80% of consumers were more frustrated after interacting with chatbots.
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The Information AM
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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Recent Editions
CareRev Exec Addresses Allegations About Founder in Email
The email was in response to The Information’s reporting about the conduct of its co-founder and recently departed CEO, Will Patterson.
Microsoft Fined $20 Million by FTC Over Storage of Xbox Data
The settlement is the latest example of the FTC enforcing hefty fines for data privacy violations.
PGA Tour and Saudi-Backed LIV Golf to Merge
The merger, which will create a new professional golf organization, ends months of bitter legal dispute between pro golf's top tour and a well-funded rival.
SEC Sues Coinbase
The suit had been expected since Coinbase said it received a Wells notice in March.
Sequoia Capital’s Chinese Arm to Split From U.S. Firm
The split comes as Sequoia Capital's relationship with Sequoia China has come under scrutiny in Washington.
Twitter U.S. Ad Sales Reportedly Down 59%
That performance is worse than the company expected and is not forecast to improve, according to The Times, adding to the woes facing Twitter's incoming CEO.
SEC Alleges Solana, Polygon Are Securities in Lawsuit Against Binance
The SEC has called out specific tokens in previous lawsuits, but the allegations in this case include some of the most popular tokens by market capitalization.
Tesla Loses Key Supply Chain Executive to Electric Truck Rival Rivian
Mustapha El Akkari, who was responsible for arranging the purchase of raw materials for Tesla vehicles, will now play a similar role at Rivian.
Apple Unveils $3,500 ‘Spatial Computing’ Headset
The price tag is even higher than expected.
Biggest U.S. Banks Could Face 20% Hike in Capital Requirements
Potential move would be part of a wave of new regulations to beef up oversight after several bank collapses
SEC Sues Binance, CEO Changpeng Zhao for Violating Securities Laws
The lawsuit comes months after the Commodity Futures Trading Commission sued Binance for allegedly violating U.S. derivatives laws.
Spotify Lays Off 2% of Staff, Merges Gimlet and Parcast
The audio streaming giant laid off 200 employees on Monday, including podcasting staff.
Stability AI Founder Overstated Startup Strength, Report Says
The startup had quickly captured investors' attention due to its ties with AI image generator Stable Diffusion.
Zume, Startup That Tried to Reinvent Pizza Delivery, Shuts Down
A pandemic-era switch to developing packaging couldn't sustain the SoftBank-backed startup.
Twitter CEO Linda Yaccarino to Start Monday
The former NBCUniversal has already started to recruit her own staff, appointing ex NBCUniversal VP Joe Benarroch.
Second Twitter Safety Executive Resigns
Twitter’s head of brand safety and ad quality resigned late this week, following trust and safety head Ella Irwin’s departure from the company on Thursday.
U.S. Executive Order on Outbound Investment Will be ‘Narrow’
Assistant U.S. Treasury Secretary Paul Rosen said restrictions on U.S. investment in China will focus on advanced semiconductors, artificial intelligence and quantum computing, confirming earlier reports.
Amazon in Talks to Offer Cheap Mobile Plans to Prime Members
The company is negotiating with Verizon, T-Mobile and Boost Mobile owner Dish, Bloomberg reported.
California Assembly Passes News Bill Opposed by Meta
The bill would require tech companies to pay news outlets for hosting their content.
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