Peloton CEO McCarthy Steps Down As More Layoffs Are Announced
The company said it would cut another 15% of its workforce. It has shrunk its employees by about 60% since 2021.
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Recent Editions
Google Lays Off More Engineering Staff
Google plans to relocate some of those roles to offices in Mexico and India.
Anthropic Launches iPhone App and Enterprise Subscription Plan
Business sales have helped drive revenue at rival OpenAI.
Etsy Shares Drop As Sales Continue to Slump
The online marketplace has seen sales growth drop as consumers pull back on discretionary spending.
DoorDash Projects Slowdown in Q2
DoorDash is grappling with the fallout of regulations that imposed minimum pay rates for deliverypeople.
Cloud Provider CoreWeave Valued At $19 Billion in Coatue-Led Funding
The funding comes five months after a share sale that valued CoreWeave at $7 billion.
Pinterest Shares Surge As Revenue Growth Rebounds
The social media site’s expanded shopping features have helped it take advantage of a digital ad rebound.
AMD Increases Guidance for GPU Sales to $4 Billion, Stock Still Falls
AMD is gaining ground on Nvidia, but it is still far behind its larger rival.
Amazon Reports Stronger Results Across the Board
Amazon’s cloud unit AWS reported sharply higher profit margins on accelerating revenue growth.
Binance Co-Founder Zhao Sentenced to Four Months in Prison
The sentence was below the three-year prison time that prosecutors had asked for.
More Newspapers Sue OpenAI and Microsoft
The lawsuit highlights how the news industry is split between publishers willing to license their content to OpenAI and others willing to sue to get more money.
Amazon Announces General Availability For AI Assistant Q
Amazon first revealed Q in November last year.
Walmart to Shutter All Health Clinics, End Virtual Care Over ‘Lack of Profitability’
Walmart’s moves into healthcare had helped spur archrival Amazon to make its $3.9 billion acquisition of One Medical, which also offers in-person care and telehealth services.
Getir to End U.S, European Grocery Delivery
The decision reverses a costly expansion after the pandemic spurred an investor frenzy for online shopping startups.
Google Launches New Automated Ad-Buying Features
The launches show how Google continues to add features to Performance Max that automate more aspects of the ad-buying process.
Paramount Global CEO Bob Bakish Steps Down
Paramount Global replaced CEO Bob Bakish with an "Office of the CEO" of three division leaders.
Tesla to Partner with Baidu in China on Full Self-Driving Roll Out
Tesla shares surged 15% after China granted tentative approval to Tesla to sell its Full Self-Driving technology
Financial Times Signs Licensing Agreement With OpenAI
OpenAI has previously struck deals with publishers including Axel Springer and the Associated Press.
Europe Extends Alternative App Store Requirements to iPad
The move comes more after European regulators opened investigations into whether Apple, Google and Meta are complying with the Digital Markets Act.
Tesla CEO Elon Musk Visits China Amid Sagging Sales
Musk’s visit also coincided with an announcement that some Tesla models recently passed Chinese safety requirement tests, which could help lift sales.
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