SEC Charges Two Investment Firms for False Claims on Their Use of AI
The charges are related to marketing and other statements made by these firms between 2019 and 2023.
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Apple Held Talks with Google, OpenAI to License Generative AI Models
A deal could draw more scrutiny from regulators as the U.S. Department of Justice is already suing Google for monopolizing search and search advertising.
U.S. Authorities Investigating Meta Over Drug Sales on Platforms
Prosecutors have reportedly been sending out subpoenas as part of the probe.
HashiCorp Stock Rises 12% Following Report That It’s Looking For Buyers
Its stock is down 67% since going public during the peak of the pandemic software boom.
Payments Startup Chipper Cuts Jobs in Seventh Round of Layoffs
The San Francisco-headquartered startup is moving the job functions to Africa, where it's business is focused.
FTC Opens Inquiry Into Reddit’s AI Licensing Deals Ahead of IPO
The probe signals that the antitrust watchdog is widening its examination of AI deals.
Former Apple Executive Named CEO of New Sports Streaming Joint Venture
Pete Distad, who was part of the Hulu launch team before joining Apple, will be in charge of a new sports streamer from ESPN, Fox and Warner Bros. Discovery.
Y Combinator’s Seibel to Step Back
Michael Seibel said Friday that he would hand over his leadership responsibilities at Y Combinator.
Private Equity Firm CVC Eyes May IPO
The listing has been delayed several times over the past two years
Apple to Pay $490 Million to Settle Investor Lawsuit
Shareholders had sued Apple over statements by CEO Tim Cook suggesting in late 2019 that the company wasn't seeing weakness in China.
Apple Acquired a Canadian AI Startup
Dozens of DarwinAI's employees have joined Apple's AI division, Bloomberg reported.
Microsoft Scraps Some Cloud Fees, Following Google and Amazon
The EU recently passed a law that will abolish egress fees for customers that want to leave a cloud provider entirely.
JPMorgan Fined $350 Million for Trading Breaches
JPMorgan Chase has been fined roughly $350 million for failing to properly monitor client trading activity.
SpaceX’s Starship Goes on Hour Long Journey in Third Test Flight
It was Starship’s longest and most successful test to date.
Salesforce Invests in Nvidia Server Reseller at $1.25 Billion Valuation
The announcement confirms news that The Information broke a month ago
Former Treasury Secretary Mnuchin Wants to Buy TikTok
The chances that TikTok will be available for purchase are low, as the Chinese government isn't expected to allow ByteDance to sell the app.
China Vows to “Take All Necessary Measures” as House Approves TikTok Bill
Beijing is likely to have control over what ByteDance could or couldn’t do if the U.S. tries to force a sale of TikTok or implement a ban.
Waymo Preps Launch of Robotaxi Service in Los Angeles
The Alphabet autonomous vehicle unit is doubling the number of cities it operates in.
White House Urges Senate to Act on TikTok Bill
The bill passed the House 352-65 on Wednesday, the furthest any federal effort to ban TikTok has ever advanced.
Microsoft Sets Launch Date, Pricing for New AI Security Tool
The software will be billed based on how much customers use it, starting at $4 per hour per user.
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