Chinese City Guangzhou to Invest $29 Billion into Tech Funds
The city will allocate the money into funds-of-funds to invest in semiconductors, renewable energy and other high tech fields.
Weekday mornings
The Information AM
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
Recent Editions
Fourth Quarter Venture Fundraising Fell to Near-Decade Low
Venture capital firms raised $20 billion in the fourth quarter, a 65% drop from the same period in 2021.
TikTok Announces New Creator Fund in U.S.
TikTok announced a new version of its creator fund in the U.S.
Meta Launches Subscription Service Called Meta Verified
Meta's move is similar in some ways to Twitter's Blue service but it offers fewer benefits.
Twitter Cuts More Sales Staff
As of late last month, Twitter had around 800 sales and marketing employees, out of around 2,000 total employees.
Former FTX Head of Engineering Likely to Plead Guilty Over Role in Alleged Fraud
Singh was a member of FTX’s inside circle, which included Bankman-Fried, FTX co-founder and Chief Technology Officer Gary Wang and Alameda Research CEO Caroline Ellison.
Amazon Says Employees Must Return to Office Three Days Per Week
Currently, Amazon’s in-office work policy varies by team, with some teams allowed to work fully remote.
SEC Sues Terraform Labs, Do Kwon Over Terra Stablecoin
The depegging of the terra stablecoin sent other crypto prices tumbling and led to the collapse of several crypto lending companies that had significant exposure to luna and terra.
Meta Platforms May Do More Layoffs
Meta laid off 13% of its workforce in November and may cut more workers if there isn't enough voluntary departures.
Binance Considering Ending U.S.-Based Partnerships Amid Regulatory Crackdown
Binance.US, which claims to be a separate and independent exchange, operates in the U.S. and a spokesperson told The Information it “has no plans to leave the US market.”
E-Commerce’s Share of Total Retail Flatlined in 2022
The slowdown is a challenge to companies that rely on growth in online shopping, including small online sellers, big e-commerce firms like Amazon and payment processors like Stripe.
TikTok Says Has Plans For Two Additional Data Centers in Europe
The video app also said that it has 127 million monthly active users in the European Union as it complies with new disclosure and data protection rules.
Investment Bank China Renaissance Says CEO Is Unreachable
China Renaissance CEO Bao Fan, one of China's best known financiers, has worked on many of the country's biggest tech deals.
Google Cloud Lures Customers With New Purchasing Options
Google Cloud has had a tough time getting customers to steadily increase their spending over time, so it is now offering them more flexible purchasing options.
DocuSign Lays Off Another 10% of Workforce
The layoffs come just a few months after DocuSign said it would reduce its workforce by 9%.
Snapchat Hits 750 Million Monthly Active Users
Snap executives said they saw rapid growth in time spent on the app viewing Spotlights, Snapchat’s TikTok-like feature.
Tesla Recalls 363,000 Cars Over Full Self-Driving Software
Tesla’s newest autonomous driving technology increases the risk of crashes, according to a federal filing
Susan Wojcicki Steps Down as CEO of YouTube
Wojcicki first joined Google in 1999 and built out Google’s advertising and analytics products for 14 years before helming YouTube.
ServiceTitan Cuts 8% of Workforce
A one-time IPO candidate, ServiceTitan has stopped keeping its financial paperwork up to date
Tesla Fires New York Workers Following Unionization Announcement
Autopilot workers informed Elon Musk of their intent to unionize this week.
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