China’s government is considering imposing a fine of more than $1 billion on Ant Group, in a move that could mark a major turning point in Beijing’s two-year-long crackdown on the financial technology giant, Reuters reported. The government could announce the fine as soon as the second quarter of next year, after China’s central bank holds more discussions with other regulators, Reuters said....
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Where Google Has Grown
Alphabet has doubled the headcount in its Google Cloud unit since early 2019, according to data obtained by The Information, outstripping Alphabet’s overall hiring growth. The rapid growth helps explain why Google Cloud’s losses continue to widen even as its revenue grows rapidly. Google’s hardware unit and YouTube also each roughly doubled headcount between the first quarter...
Crypto Lender BlockFi Files for Bankruptcy
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U.S. Bans Sale of Telecom Equipment from Huawei, ZTE
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The Information’s Top Tech-Adjacent Gifts for 2022
After the roller-coaster ride of the past month, everyone needs a little retail therapy. So, in honor of Black Friday and the upcoming holiday season, we’ve put together our annual gift guide, asking The Information’s staffers to share their favorite tech and tech-adjacent purchases of the last year.