Volkswagen to Invest $2.35 Billion in Partnership With Chinese AI Chip Firm
The German auto giant will form a joint venture with China's Horizon Robotics to develop autonomous driving technology for the Chinese market.
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Netflix Sets $6.99 Price for Ad-Supported Tier
Netflix’s ad-supported tier will launch on Nov. 3 in the U.S. and several other countries, about a month before Disney launches the ad-supported tier for Disney+.
With TikTok’s New Ad Offering, Brands Only Pay If Users Watch the Ad
TikTok will announce several new ad offerings at a product summit in New York on Thursday.
Chinese Chip Equipment Maker Removes American Employees From R&D Work
The move comes after the U.S. announced new chip export rules including restrictions on U.S. citizens' involvement in China's chip development activities.
Microsoft Unveils Premium Version of Teams, Deepens Ties With Cisco
Microsoft wants more large corporate customers to consider using Teams, and a new premium edition and collaboration with Cisco could help make that happen.
TripActions Raises $304 Million in Fresh Funding
The IPO hopeful tapped structured funding from investor Coatue
Intel May Cut Thousands of Sales, Marketing Jobs This Month
Intel CEO Pat Gelsinger's ambitious plans to restore the chip maker to former glory may have to be put on hold as he deals with a PC and server slowdown.
Microsoft Accuses UK Regulators of Relying on Sony Statements in Activision Probe
Microsoft argued that Sony is already dominant in the games market, saying PlayStation console sales have beat Xbox for the past 20 years.
Apple Weighs Ad Tier for Video Service
If Apple introduces an ad-supported tier for Apple TV Plus, every major streaming service would have such an offering.
ByteDance Raises Price for Employee Stock Option Buyback Program
The program allows employees to cash in some of their stock options at a time when the company's plans for a future initial public offering remain uncertain.
Google Says Coinbase Customers Can Use Cryptocurrency to Pay for Cloud
The news lifted Coinbase's stock more than 4%.
Brex Lays Off 11% of Workforce
The corporate expense startup announced Tuesday it will lay off 136 employees
A16Z’s First Crypto Fund On Pace to Return 10 Times $300M Fund
Fund launched by Chris Dixon and Katie Haun already cashed out hundreds of millions of dollars worth of gains.
Bank of New York Mellon to Hold Crypto
The new service marks the first time a major American bank has started custodying cryptocurrencies.
Meta Unveils Quest Pro Headset
The new device costs $1,499—significantly higher than Meta's other Quest products.
TikTok Planning U.S. Fulfillment Centers in E-commerce Push
Job listings shed light on TikTok's e-commerce ambitions.
Fintech Startup Airwallex’s Valuation Flat at $5.5 Billion in New Fundraising
The fundraising comes after the stock market's turmoil and a global economic slowdown that have caused many tech unicorns' valuations to drop.
U.K. Spy Chief Warns About China’s Use of Technology
The U.S. and its allies are increasingly alarmed by China's use of surveillance tools and other technologies around the world.
Patreon’s Valuation Dropped 70%
The creator subscription startup is reportedly postponing any IPO plans to preserve cash
Getir in Talks to Buy Gorillas
Fundraising for instant delivery firms has become difficult, forcing firms to try and partner with others to amass scale and cut costs.
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