Warner Bros. Discovery Seeks to Retain Its NBA Rights Deal
The company said it's exercising its contractual rights to match one of the NBA's new deals, which include Amazon along with ESPN and NBCUniversal.
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Model Developer Cohere Raises $500 Million at $5.5 Billion Valuation
With the new capital, Cohere will have raised close to $1 billion in total, making it one of the best-funded AI developers.
Amazon Buys U.K. Studio Where it Filmed ‘Rings of Power’
Amazon’s head of Prime Video and Amazon MGM Studios said the acquisition “empowers us to produce more film and television in the U.K.”
Temu Opens Up Marketplace to European Merchants
The Chinese e-commerce site is ramping up efforts at wooing Amazon sellers.
Nvidia Adapts its New AI Chips for China Despite Tightening U.S. Export Controls
Chip designer plans to tailor its Blackwell series for the China market
Biden Drops Out of Presidential Race
Biden endorsed his vice president, Kamala Harris, to be the nominee.
Sequoia’s Michael Moritz Calls for Biden to Drop Out
The billionaire joins a growing chorus of calls for Biden to leave the race because of growing concerns about his health.
Key Flexport Fulfillment Exec Is Departing
Parisa Sadrzadeh was one of several executives hired by former CEO Dave Clark.
Messari CEO Steps Down After ‘Civil War,’ Anti-Immigration Tweets
Ryan Selkis resigns after a series of tweets attacking opponents of Donald Trump.
Crowdstrike Flaw Causes Global IT Outage, Disrupting Banks, Airlines, Broadcasters
The outage due to a faulty update by cybersecurity firm CrowdStrike caused Windows computers around the world to crash.
Zuckerberg Calls Donald Trump’s Reaction to Shooting ‘Badass’
Zuckerberg said in an interview with Bloomberg that he wouldn't endorse either Trump or President Joe Biden.
Crypto Trading Firm Wintermute in Talks to Raise From Tencent
Wintermute could be valued at about $2 billion in new round
Broadcom Shares Rise 3% After Report On OpenAI Chip Talks
The new chip could fit into a broader plan by OpenAI's CEO to boost AI server availability.
Top Netflix Ad Exec Peter Naylor to Exit
Naylor, alongside Netflix's former ad sales chief Jeremi Gorman, were poached by the streaming giant from Snap in 2022 to build its nascent ad business.
Netflix Forecasts Revenue Slowdown in Q3 After Faster Growth in Q2
The growth boost provided by Netflix's year-long effort to crack down on people sharing other subscribers' accounts is petering out.
OpenAI Launches ‘Mini’ Version of Flagship AI Model
The announcement comes two months after the startup announced its flagship GPT-4o model.
Altimeter Raises $553 Million for VC Investments
The fundraising follows large VC funds raised by Index Ventures and others.
Meta Explores Investment in European Eyewear Giant EssilorLuxottica
The talks come as Meta and EssilorLuxottica try to hash out their latest agreement.
Warner Bros. Discovery Considers Splitting in Two
WBD is contemplating carving off its declining TV networks businesses from its streaming and studio operations.
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.
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