OpenAI Surpasses $3.4 Billion in Annualized Revenue
The ChatGPT maker was generating $1.6 billion in annualized revenue in late 2023.
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Elon Musk Withdraws Lawsuit Against OpenAI, Sam Altman
Elon Musk originally filed the lawsuit in February.
Brex Ditches Co-CEO Structure Ahead Of IPO
Fintech startup Brex has shaken up its leadership structure ahead of a potential IPO.
Apple and Microsoft Vie For Most Valuable Title
Apple shares have rallied strongly since the company unveiled artificial intelligence updates it plans to make in the coming year.
Biden Considers More AI Chip Restrictions For China
The new rules could hinder Chinese firms from creating their own AI chips.
Thousands of Amazon Gig Drivers File Arbitration Claims Seeking Unpaid Wages
Flex drivers have been key to Amazon’s logistics expansion in recent years, handling everything from standard packages to grocery and pharmacy deliveries.
Microsoft to Rent Oracle Cloud Servers for OpenAI
Oracle reported decelerating revenue growth, but its shares rose following the announcement of the Microsoft deal.
Shari Redstone’s National Amusements Ends Sale Talks with David Ellison’s Skydance
National Amusements controls about 77% of Paramount Global, which David Ellison had sought to merge with Skydance after acquiring the parent company.
Utah Sues TikTok For Facilitating Sexual Exploitation Through TikTok Live
The suit alleges that TikTok knew that Live operated as “a seedy underbelly of sexual exploitation,” although examples of internal discussions were redacted.
App Developer Voodoo Acquires Photo-Sharing Social App BeReal
Aymeric Roffé, the CEO of Wizz, which is owned by Voodoo, will take over as BeReal’s CEO.
Mistral, a European OpenAI Rival, Secures $640 Million At Near $6 Billion Valuation
The Paris-based model developer last raised at a $2 billion price in December.
Musk Blasts Apple for OpenAI Integration
Musk's threat to ban Apple devices from his companies raised questions as to what devices would be allowed.
Apple Unveils Apple Intelligence, Partnership with OpenAI at WWDC
The AI-powered features will boost Siri’s ability to perform actions on a person’s device.
New York to Sign Bill into Law Banning ‘Addictive’ Algorithms for Children
The law will restrict social media companies from using algorithms to recommend content to social media users in New York who are under 18.
Tesla Investor Baillie Gifford Supports Musk Pay
The Scottish asset manager is one of the first institutional investors to support the contentious proposal
Lacework to be acquired by Fortinet
The terms of the deal, set to close in the second half of this year, were not disclosed.
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.
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.
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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