Google Closes Door to DeepMind Independence
The AI unit had been negotiating with its parent company for more autonomy.
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Amazon to Shut Down ‘Prime Now’ Ultrafast Delivery App
Amazon is sunsetting its Prime Now app and website, and will be merging the ultrafast delivery service into the core Amazon site.
Snap to Acquire AR Display Maker WaveOptics for More Than $500 Million
The purchase is a major move by Snap to secure its future in augmented reality.
SoftBank Vice Chairman Ron Fisher to Step Down From Board
The 73-year-old Fisher has been SoftBank founder Masayoshi Son's longtime lieutenant in global acquisitions of Sprint and other companies.
China Says ByteDance, Kuaishou and Microsoft’s LinkedIn Illegally Collected Personal Data
China's internet regulator said they were among 105 apps found to be violating privacy laws and had 15 days to fix the problems.
Mobile Game Maker Jam City to Go Public Through SPAC Merger
The mobile games maker Jam City will go public through a merger with DPCM Capital, a special purpose acquisition company.
Crypto Prices Stabilize After Slide
The price of bitcoin stabilized Thursday following a sharp move lower the previous day. The cryptocurrency’s value has fallen some 30% in the past month.
German Brokerage App Trade Republic Gets $5.3 Billion Valuation
A German-made alternative to Robinhood, Trade Republic, was valued at $5.3 billion in a Series C funding round led by Sequoia.
Google to Open First Brick-and-Mortar Store
The move makes Google a curator of its products in a way that it has previously left to wireless carriers and electronics stores.
Malone May Sell Control of QVC and HSN to Maffei
The deal is motivated by potential changes to tax laws but also appears to be the latest step in the unwinding of Malone's vast business empire, coming days after Malone agreed to give up his supervoting shares in Discovery.
Tencent Reports Solid Earnings Amid Concerns Over Beijing’s Crackdown
The biggest concern for investors right now is the Chinese government's continued regulatory crackdown on the tech sector and how it will affect Tencent.
U.S. Companies Lobby for Early Release of Jailed Samsung Boss to Ease Chip Shortage
The American Chamber of Commerce urged South Korea to pardon Samsung chair Lee Jae-yong and release him from prison.
ByteDance Founder to Step Down From CEO Role
Zhang Yiming said he would step back from day-to-day management to focus on the company’s longer term initiatives and social responsibility.
Zoom Eyes Virtual Events as Next Growth Area
Facing questions about its ability to continue growing the rapid growth it has seen during the pandemic, Zoom tips its hand on a new product line.
Apple’s MacOS Has ‘Significant’ Malware Problem, Top Apple Engineer Says
Apple’s Craig Federighi says MacOS security is “not meeting the bar today.”
Amazon to Lift Mask Mandate for Vaccinated Workers
Amazon said it will soon lift the compulsory face mask mandate for warehouse employees who have received the Covid-19 vaccine.
Bitcoin Price Tumbles, Dragging Down Crypto Stocks
Regulators in China warned against speculation and banned financial institutions from handling transactions linked to cryptocurrencies.
In Epic Trial, Apple’s Phil Schiller Says He Has Limited Awareness of Apple’s Antitrust Problems
Apple’s former marketing chief is on the stand for his second day of testimony in Epic trial.
Amazon Extends Ban on Selling Facial Recognition to Police
Amazon has said it will wait until laws are created to govern the use of facial recognition before resuming sales, but it's unclear when that will happen.
Google I/O: Android Changes, AI Advances
Pichai and his deputies laid out a raft of product changes, an Android redesign and AI advancements
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The Information AM by The Information Staff
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