SoftBank Discusses Plan to Invest $10 Billion in Power-Related Projects
SoftBank wants to increase its exposure to the infrastructure most critical for AI development, such as energy and chips.
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Amazon to Take Minority Stake in Tie Up of Saks, Neiman Marcus
Amazon will work with Saks Global to "innovate on behalf of customers and brand partners," the companies said.
Alphabet Shuts Down Mineral Moonshot Project
The shutdown comes as Alphabet cracks down on its money-losing moonshot projects.
Jeff Bezos to Sell $5 Billion More Worth of Amazon Shares
Bezos will have sold about $13.5 billion worth of Amazon stock this year.
Meta’s Threads App Hits 175 Million Monthly Active Users
The text app will hit its one-year mark this week.
David Ellison’s Skydance Reaches New Deal to Buy Paramount Global Owner
Under the new terms, Skydance and its backers which include Oracle co-founder Larry Ellison and RedBird Capital, will pay $1.75 billion for National Amusements.
Apple’s Schiller to Become OpenAI Board Observer
The move will put Apple on a similar footing to Microsoft, who also has a board observer position.
Google Reports Higher Emissions Amid AI Spending Binge
The disclosure is the latest sign of how the AI boom is increasing demand for power and countering efforts to reduce emissions.
Tesla Stock Rallies As Sales Results Exceed Expectations
Tesla delivered 5% fewer vehicles in the second quarter than the year before.
Nvidia to Face French Antitrust Charges, According to Report
The charges would come months after French authorities searched a local Nvidia office as part of an investigation.
SEC Sues Silvergate Capital Over Compliance Claims
SEC alleged Silvergate misrepresented risks from crypto to investors
EU Regulators Charge Meta with Breaching New Tech Rules
Meta now has an opportunity to respond to the findings, the European Commission said.
Supreme Court Sends State Social Media Laws Back to Lower Courts For Review
"The record is underdeveloped,” Justice Kagan said.
Y Combinator Cuts Communication, Finance Roles
The cuts come a year after YC cut about a fifth of its staff as it moved away from late-stage investments.
Circle Gets Stablecoin Approval Under EU Crypto Regulations
Firm says it’s first global stablecoin issuer to comply with EU rules
BlackRock to Buy Private Data Provider Preqin
The acquisition reflects demand for private investment from the world's largest investment managers.
OpenAI Hires Zapier Revenue Chief to Lead Sales Strategy
The ChatGPT maker has been on a sales hiring spree.
Amazon Hires Adept Cofounders, Licenses Its Tech, Mirroring Microsoft-Inflection
The deal appears similar to Microsoft’s $650 million agreement with AI startup Inflection.
Benchmark Plots New $425 Million Fund
Benchmark's recent investments include AI startups HeyGen and Sierra.
SEC Sues Consensys For Violating Securities Law
SEC alleges MetaMask is an unregistered securities broker
Weekday mornings
The Information AM by The Information Staff
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