Stitch Fix Forecasts Revenue Drop, Shares Tumble 16%
New CEO Matt Baer has tried to cut costs and restart growth.
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Recent Editions
Analyst: Apple’s China iPhone Sales Fell 24% Ahead of Lunar New Year
The data suggest Apple will face a slowdown in China sales this year due to stiff competition from Chinese brands.
Former Twitter Executives Sue Elon Musk for $128 Million
The executives claimed Musk denied them severance pay when he took over the company now known as X in 2022 and fired them.
AWS to Pay Up to $650 Million For Nuclear Data Center Campus
The cloud providers' interest in the site is significant because AWS and its rivals have been struggling to find enough power for their AI data centers.
Whole Foods to Open Smaller Stores in New York City
The new Whole Foods format won’t have Just Walk Out, the cashierless checkout technology that’s central to Amazon’s existing small retail format, Amazon Go.
AI Developer Anthropic Launches New Claude Models
Anthropic released Claude 2 in July last year.
European Commission Fines Apple 1.8 Billion Euros
The fine comes as Europe's new Digital Markets Act is coming into effect, forcing Apple to overhaul its App Store rules.
Reddit IPO Could Value it at $6.5 Billion
The valuation is a steep decline from its 2021 funding round.
Apple’s Vision Pro Leader Could Retire Soon
Dan Riccio stepped down from head of hardware engineering in 2021 to help get the Vision Pro out the door.
Meta’s CTO Hits Out at Google Following Report about AR/VR Snub
The social media giant wants to own the next computational platform for AR, VR and mixed reality, instead of relying on rivals.
Google Lays Off Trust and Safety Staff Amid Gemini Backlash
Staff have been working around the clock in recent days to fix problems with the chatbot, according to CEO Sundar Pichai
OpenAI Rejects Musk’s Claims That It Abandoned Mission
In a note to staff, chief legal officer Jason Kwon said Musk’s allegations “do not reflect the reality of our work or mission.”
Elon Musk Sues OpenAI for Breaching Founding Agreement
The billionaire accuses Sam Altman and Greg Brockman of departing from OpenAI’s original mission and putting profit above humanity
Fisker Shares Plunge After EV Maker Raises Doubt on Its Survival
Company founder says it is in talks with an automaker on an investment.
Dell Shares Soar on Dividend Increase Despite Lower Revenue
The company reported strong sales of its AI-optimized servers.
Walt Disney’s Grandchildren Come Out in Support of Iger
Walt Disney's grandchildren invoked the spirit of their iconic grandparent to support CEO Bob Iger in his battle with activists.
Humanoid Robot Developer Raises $675 Million From Microsoft, OpenAI
Founded in 2022, the startup previously raised $70 million led by Parkway Venture Capital in May.
Microsoft Launches AI For Finance in Excel
Financial services firms have proven eager early adopters of Microsoft’s AI tools.
Alibaba Cloud Announces Biggest Price Cut Ever
China's major cloud service providers have been facing sluggish demand amid the country's slow economic recovery.
SEC Has Probed Whether OpenAI Leaders Misled Investors
The probe is an understandable result of the prior board's allegation that CEO Sam Altman wasn't "consistently candid."
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