Temu Takes on Heavy Losses to Win U.S. Customers
A Wired analysis found the e-commerce site loses an average of $30 on each order.
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Recent Editions
Sam Altman Says OpenAI Will Not Leave Europe
Altman previously implied that new EU regulations could force OpenAI to consider shutting down in Europe.
Shopify Nominates Bret Taylor For Board Seat
Taylor was most recently the co-CEO of Salesforce and chairman of the board at Twitter.
Tesla Whistleblower Leaks 100 Gb of Data to German News Outlet
The leak includes thousands of customer complaints about Tesla’s Autopilot technology.
Neuralink Wins Regulatory Approval for First Human Trial
Neuralink is developing a brain implant that communicates with computers.
Barry Silbert’s DCG Shutting TradeBlock Subsidiary
DCG cited the state of the economy and the regulatory environment as reasons for the closure.
Twitter Engineering Director Dabiri Resigns
He was one of the few engineering leaders left at Twitter with a high-level role overseeing engineering managers.
Venture Firm Paradigm Broadens Focus Amid Crypto Winter
The crypto venture capital firm was launched in 2018 by Coinbase co-founder Fred Ehrsam and former Sequoia partner Matt Huang.
JPMorgan to Cut About 1,000 First Republic Workers
The cuts will affect roughly 15% of First Republic's workforce.
Michael Arrington-Backed Fahrenheit LLC Wins Bid to Buy Bankrupt Celsius
The new company will focus on bitcoin mining, staking services and lending products.
OpenAI Closes $175 Million Startup Fund
The startup has told investors it plans to raise a second fund.
DeSantis Campaign Announcement Plagued by Twitter Glitches
A Twitter Space conversation between the Florida governor and Twitter CEO Elon Musk had to be aborted and restarted.
Nvidia Shares Jump 25% as Generative AI Adoption Surges
Nvidia says it is about to see a huge business impact as cloud providers and companies of all sizes step up their adoption of large language models.
Snowflake Shares Drop 12% as Revenue Growth Slows
Snowflake is feeling the effects of the tech spending slowdown, but it is still strong when it comes to getting customers to expand their usage of its service.
Meta Announces Layoffs on Business Teams
Wednesday's layoffs complete the third stage of cuts that were announced in March.
Skepticism Rises Over AWS’s AI Strategy
Amazon Web Services is playing catch up to rivals such as Google and Microsoft, and its customers are taking notice.
Semafor Raises $19 Million
Semafor's has raised $34 million in total. The company plans to return the money it received from FTX founder Sam Bankman-Fried to his creditors.
ByteDance Videogame Executive Departs
Huang Linbin's departure comes after the videogame unit last year laid off a substantial number of employees.
Microsoft Unveils Subscription-Based Data Analytics Bundle
Microsoft has had success in bundling together productivity applications and customer management software, and now it's doing the same in data analytics.
Anthropic Raises $450 Million to Fuel AI Work
Anthropic, founded by former OpenAI researchers, has now raised $1.45 billion since its founding in 2021.
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