Goldman Sachs, BofA Enjoy Investment Banking Boost
Goldman Sachs and Bank of America joined other Wall Street banks in reporting jumps in investment banking and trading revenue for the third quarter.
Weekday mornings
The Information AM
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
Recent Editions
VC Podcaster Harry Stebbings Raises $400 Million
Stebbings launched his VC firm, 20VC, in 2020.
NY Times Sends Perplexity a Cease and Desist Letter
The letter to Perplexity follows a lawsuit filed by the Times against OpenAI for copyright infringement.
Crusoe Confirms $3.4 Billion Data Center Financing Deal
Crusoe has quickly become one of the most closely watched companies building data centers for AI.
Tesla’s Optimus Robots Were Remotely Controlled at Company Event
Tesla did not disclose the remote operation.
Google Backs Development of Small Nuclear Reactors
Google and the startup, Kairos Power, didn’t disclose the terms of their deal or the potential locations of the plants.
Nvidia Stock Hits New Record
Nvidia is now second only to Apple, which currently has a market capitalization of $3.5 trillion.
Prominent Microsoft AI Researcher to Join OpenAI
OpenAI hasn’t recruited much from Microsoft in the past.
DeepMind Operating Profit Rose 91% to $175 Million in 2023
When it was previously a standalone subsidiary of Alphabet, DeepMind primarily generated revenue by providing its services to Google.
Indonesia Orders App Stores to Block E-Commerce App Temu
Indonesia's latest action against the Chinese-owned app comes after the country last year cracked down on TikTok's e-commerce business.
SpaceX Completes Fifth Flight Test of Starship
By having the launch tower "catch" the first stage of the rocket as it landed back on earth, SpaceX achieved its aim with the test flight.
SpaceX Plans Fifth Flight Test of Starship Sunday
In this test flight, SpaceX is hoping to bring the second stage of the rocket back to the launch site after it separates from the Starship.
AI Chip Startup Led by Ex-Google Engineers Seeks $75 Million in New Capital
Numerous startups are trying to challenge market leader Nvidia, but they face tremendous technical and capital challenges.
Khosla Ventures Raises $405 Million to Invest in OpenAI Round
Khosla's initial $50 million investment in OpenAI could now be worth more than $1 billion on paper.
Coatue Shelves Plan to Sell Part of ByteDance Stake
ByteDance CFO Julie Gao earlier referred Coatue to other investors who might be interested in buying the shares.
TikTok Earmarks $1 Billion For Future EU Privacy Fines
TikTok expects more fines from European regulators—to the tune of $1 billion.
JPMorgan, Wells Fargo Profit Dips
JPMorgan CEO Jamie Dimon said geopolitical tensions are “treacherous and getting worse."
Musk Unveils Autonomous Robotaxi He Says Will Be Available in 2026
He stopped short of promising the vehicles would be fully autonomous, describing them as “highly optimized for autonomous transport.”
Federal Judge Greenlights Antitrust Lawsuit Against GoDaddy
A federal judge denied domain registrar GoDaddy's motion to dismiss an antitrust lawsuit that a competing startup filed against it earlier this year.
Toptal Lays Off Workers as Remote Hiring Demand Ebbs
The layoffs come as other marketplaces for online work deal with post-pandemic hiring changes.
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