Pinterest Says AI Recommendations Keep Users on Site
User growth was flat from last quarter, but Pinterest said existing users are spending more time on its site.
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Elon Musk’s X Sues Nonprofit that Researched Hate Speech on Platform
The lawsuit claims that the nonprofit’s research on hate speech has cost Twitter tens of millions of dollars in advertising revenue.
Vice Media Loses Top Editors Following Post-Bankruptcy Sale
Senior Vice editorial leaders are leaving the company a day after it closed its post-bankruptcy sale to former lenders.
Blue Owl Capital Leads Loan for $6.5 Billion New Relic Buyout
Financing was mostly done by non-bank direct lenders
Google Cuts Assistant Staff in Generative AI Reboot
Google has reorganized some of the teams that build its Assistant virtual assistant app, in the latest sign of a strategic shift around that product.
Amazon Touts Same-Day Delivery Expansion
The current emphasis on same-day deliveries shows Amazon still sees fast deliveries as a way to differentiate itself from rivals.
New Relic Gets Its Private Equity Takeover After All
After on-again off-again deal talks, the software company strikes a deal to be bought for $6.5 billion
Biden Plans to Sign Order in August to Limit U.S. Tech Investment in China
The timing of the order, which would focus on semiconductors, artificial intelligence and quantum computing, is now slated for the second week of August.
Walmart Buys Flipkart Shares From Tiger Global
Walmart tightens its grip on the Indian commerce site.
Musk Replaces Twitter Sign, App Logo With ‘X’
Owner Musk has pledged to "bid adieu to the Twitter brand" as he remakes the service into his vision of an everything app.
Goldman Sachs Loses Asset Management CIO Salisbury to Sixth Street
Departure is the latest in a string of veteran exits.
Sequoia Capital Reduces Size of Existing Crypto and ‘Ecosystem’ Funds
The move is a sign of how venture capital firms are changing their strategy.
Facebook’s Sway Over Users’ Political Beliefs Challenged by Studies
Four new studies conducted experiments on Facebook and Instagram that suggest the apps don't significantly impact its users political beliefs.
Calendly Cuts Roughly 10% of Staff
Calendly’s chief people officer, Jeff Diana, is also leaving the business.
Warren and Graham Propose New Big Tech Regulator
The Democratic and Republican senators plan to introduce the new Digital Consumer Protection Commission Act to curb the power of tech giants.
Tesla Formed Team to Thwart Driving Range Complaints
The electric vehicle maker also modified its range-estimating software to exaggerate the distance Teslas could travel on a full charge.
Europe Opens Formal Antitrust Probe into Microsoft’s Bundling of Teams
The investigation represents a return for Microsoft to the crosshairs of antitrust enforcers.
NBCU’s Peacock Streaming Service Lifts Revenue and Losses
Peacock is losing 79 cents for every dollar in revenue it brings in, a sign of the massive losses incurred by streaming services.
Esther Crawford, Ex-Twitter Product Lead, Criticizes Elon Musk in Tweet
Crawford’s post is notable as one of the most detailed accounts from a Twitter 2.0 employee
Meta’s Revenue Climbs 11% as Reality Labs Continues to Lose Billions
Meta is projecting revenue in the third quarter will be in the range of $32 billion to $34 billion, which would be growth of between 15.5% and 24.5%.
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