Apple Spent $16 Billion on Manufacturing in Vietnam Since 2019
Apple has looked to places like Vietnam and India to expand its manufacturing beyond China to hedge against geopolitical and supply chain risk.
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Altman Said to Pitch Microsoft Customers On OpenAI’s Software
Microsoft also uses OpenAI's software in a number of its products, such as its AI Copilots.
AWS Must Pay $525 Million After Losing Cloud Patent Infringement Case
While the jury found AWS to be guilty of patent infringement, it concluded that the company did not knowingly infringe.
Microsoft Breach Allowed Russian Hackers to Steal Federal Agency Emails, US Says
The directive is the first public confirmation that the federal government was affected by the Russian hack, which Microsoft first disclosed in January.
JPMorgan, Rivals Show Signs Of Rate Stress
JPMorgan Chase grew profits 6% to $13.4 billion in the first quarter of the year.
Taylor Swift’s Music Returns to TikTok Despite UMG Dispute
It's not clear why Swift's music has returned but not those of other UMG artists.
Google Cloud Chief Takes Jab at Microsoft ‘Stargate’ Effort
“We are not looking to raise a trillion dollars to build a supercomputer because we’ve been building one for 10 years," Kurian said.
Google Cloud Doesn’t Plan to Offer AMD AI Chips, Exec Says
Even without Google, AMD expects a record year of GPU sales.
ByteDance Expands Buyback to Non-U.S. Employees
TikTok parent company ByteDance is now also offering to buy back shares from employees outside the U.S.
Amazon Adds Ex-Baidu, Google Brain Exec Andrew Ng to Board
The company also said that Judith McGrath, a longtime television executive, will not stand for reelection at its annual shareholder meeting in May.
Hiring Software Firm Checkr Cuts Staff
The company, backed by Fidelity and Franklin Templeton, was last valued at $4.6 billion.
OpenAI CEO Altman Turns to Middle East For ‘Global Coalition’ Ambitions
The OpenAI CEO is pressing government officials on this plan to build data centers and the other technological infrastructure to support AI.
OpenAI Expands $86 Billion Tender Offer, Inviting Former Employees
Some investors have sat out the share sale because of OpenAI's high valuation.
Wiz Buys Israeli’s Gem Security
The cybersecurity startup indicated it will do more deals in the future.
Meta Releases Details About New AI Chip
The new chip “more than doubles the compute and memory bandwidth of our previous solution,” Meta said in a blog post.
Rent the Runway Shares Jump As It Projects Return to Revenue Growth
The company said it would boost margins by selling more secondhand items in addition to renting them.
Four Paramount Board Members to Step Down Amid Merger Talks
Three of the board members are on a special committee tasked with finding the best possible deal for Paramount, which is in merger talks with Skydance.
ByteDance Recorded Higher Profitability in 2023
ByteDance's business has performed well over the past year despite all the geopolitical headwinds facing TikTok in the U.S.
Google Launches Enterprise Video-Creation App
Vids is one of several additions to Workspace that Google unveiled at its annual cloud computing conference.
Google Cloud Unveils Homegrown Server Chip
The announcement makes Google Cloud the last major cloud provider to launch a custom central processing unit.
Weekday mornings
The Information AM by The Information Staff
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