Norway’s Sovereign Wealth Fund Votes against Tesla’s Musk Pay Package
The vote is a blow from the electric vehicle maker’s 8th largest shareholder.
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The Information AM
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Recent Editions
Microsoft Turns Off Default ‘Recall’ AI Feature Amid Privacy Backlash
Microsoft initially planned to include Recall by default for users of its new line of Copilot Plus PCs but has now changed course.
In Win for Google, Judge Rejects DOJ Request for Jury Trial in Adtech Antitrust Case
The decision means the judge, Leonie Brinkema, will decide the case herself after a trial scheduled for September.
Alphabet Shareholders Reject Proposals to Increase Transparency
The proposals were largely symbolic given that Google co-founders Larry Page and Sergey Brin together control more than 50% of shareholder votes.
Crypto Platform Bakkt Reportedly Weighs Sale, Breakup
NYSE-backed firm disclosed “going concern” risk in February
DocuSign Reports Profit Improvement Despite Tepid Growth
The electronic-signature company also saw an increase in year-over-year subscription revenue and free cash flow.
Discord Unveils New Ways for its Developers to Make Money
The chat app recently announced a return to its focus on gaming.
Jury Acquits Former Autonomy Chief Lynch of Fraud Charges in HP Sale
HP wrote off most of $10.3 billion it spent to buy Autonomy, after discovering accounting wrongdoing in the company.
TikTok Shop Adds Anti-Money Laundering Clause to Seller Terms of Service
The Information reported earlier this year that TikTok’s money-laundering controls have faced scrutiny.
UK Regulator Says It May Crack Down on Microsoft’s Cloud Licensing Practices
Amazon and other cloud providers have complained that Microsoft makes it cheaper to run Office on Azure.
SpaceX Successfully Returns Starship Rocket to Earth
The fourth launch of the 400-foot tall rocket is a step forward for Elon Musk’s Mars ambitions.
Robinhood to Buy Crypto Exchange Bitstamp for $200 Million
Retail brokerage app doubles down on crypto offerings
FTC Investigates Microsoft’s Deal to Hire Inflection Staff
Microsoft didn’t buy equity in the startup, but Inflection’s board redistributed the $650 million that Microsoft paid to Inflection’s shareholders.
U.S. Clears Way for Antitrust Probes Into Nvidia, Microsoft, OpenAI
An agreement between federal regulators allows them to proceed with antitrust investigations into the tech giants.
Court Strikes Down SEC’s Fund Disclosure Rules
The $27 trillion private asset management industry had opposed the SEC rules.
Humane Asks Pin Owners to ‘Immediately’ Stop Using Charging Case
It told owners to stop using the charging case that comes with the product due to a potential fire safety risk.
Musk’s xAI to Build Supercomputer in Memphis
The facility will house the giant cluster of semiconductors needed to train xAI’s Grok artificial intelligence.
CBOE Digital Assets Head Leaves for ‘Flash Boys’ Exchange IEX
John Palmer departs as CBOE winds down spot crypto trading
Nvidia Passes Apple to Become Second Most Valuable Company
Nvidia stock has rocketed nearly 150% this year thanks to its soaring sales of AI chips.
X CEO Yaccarino’s Lieutenant Departs Company
At X, Joe Benarroch was involved with business decisions in addition to communicating with journalists.
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