Anthropic Backer Menlo Ventures Raises $1.35 Billion for AI Deals
Menlo Ventures has raised $1.35 billion across a new early-stage venture fund and an "early-growth" fund.
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Alibaba Cancels Spin-Off of Cloud Computing Unit
Alibaba decided not to proceed with the plan because the U.S. government's restrictions on chip exports to China have created new challenges for the cloud unit.
Biden, Xi Agree to Begin U.S.-China Dialogue on Risks of AI
Biden's meeting with the Chinese president came amid rising geopolitical tensions between the world's two superpowers.
DeepMind Co-Founder Says Google’s Success Masked AI Setbacks
“When you have a money tree that keeps giving money like that, it masks a lot of failures,” Inflection AI CEO Mustafa Suleyman said.
Early OpenAI Backer Khosla Defends Startup’s Complex Structure
Khosla's firm led the first investment into OpenAI’s for-profit subsidiary in 2019.
SpaceX Gets Greenlight for Second Starship Launch
The Federal Aviation Administration granted SpaceX a launch license on Wednesday.
Microsoft Unveils AI Chip as It Seeks to Catch Up to Nvidia, Amazon
CEO Satya Nadella offered little information on the new chips’ performance.
IRL Co-Founders Sue SoftBank
Former IRL CEO Abraham Shafi and two of his co-founders alleged SoftBank and two other investors falsely claimed that most of the social media app’s users were fake.
SpaceX Considers 2024 Starlink IPO
SpaceX has reportedly moved Starlink’s assets to a fully owned subsidiary in preparation for a spin out.
Tencent’s Third-Quarter Revenue Grows 10% as Ad Sales Recover
Tencent and other Chinese tech giants are trying to bounce back after a tough 2022 when China's harsh Covid-19 lockdowns hurt many domestic businesses.
ByteDance Considers Selling Moonton Videogame Studio
ByteDance's expansion into the videogame industry over the past five years has so far failed to create a new source of revenue growth.
Khosla Ventures Raising $3 Billion in New Funds
The OpenAI-backer is bucking the trend of shrinking fund sizes.
Google CEO Confirms 36% Revenue Split With Apple
The company has never disclosed the amount it pays Apple under their agreement to include Google as the default search engine on its devices.
Europe’s AI Act Talks Hit Potential Impasse
The next AI Act discussion is scheduled for December 6.
Social Media Companies Must Face Child Safety Lawsuits, Judge Rules
The First Amendment and Section 230 of the Communications Decency Act don't protect social media companies from all liability, a federal judge ruled on Tuesday.
Amazon Adds Buy With Prime Features Ahead of Holiday Season
Amazon is offering returns and order tracking for purchases made on other websites.
Wall Street Bonuses Likely to Be Dismal Again, Report Says
Only a handful of bankers and traders will see a bump in compensation from 2022. Many bonuses will be flat or lower, a widely followed report says.
Google Pays Apple 36% of Revenue Under Search Agreement
University of Chicago economist Kevin Murphy on Monday disclosed the number during testimony as a witness.
Coatue-Backed Stash to No Longer Offer Crypto Investing Through Bakkt
Bakkt, one of the few publicly traded crypto companies, has seen its share price fall under $1 in recent days.
Amazon Lays Off 180 Gaming Staffers
It’s the latest example of a big tech firm that made mass layoffs around a year ago doing narrower, more focused cuts, following similar moves by Google and Meta.
Weekday mornings
The Information AM by The Information Staff
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