SoftBank’s Talks With Intel About AI Chips Break Down
Softbank sought a partnership with Intel because it is a U.S.-based company, which could have given it the opportunity to get funding from the Biden administration’s Chips Act.
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Alibaba’s Profit Drops as China Commerce Revenue Dips
As Alibaba faces fierce competition and a slow economy in China, a recovery in its e-commerce transactions hasn't translated to solid revenue.
Meta Shuts Down Social Media Research Tool CrowdTangle
The company moved forward with the shutdown despite pushback from lawmakers ahead of the U.S. election.
New xAI Model Grok-2 Produces Inappropriate Images
Elon Musk has criticized the content restrictions of popular AI models.
Former Google CEO Backtracks on Work-From-Home Comments
Schmidt had originally told a Stanford class that “Google decided that work-life balance and going home early and working from home was more important than winning.”
Cisco to Cut Over 5,000 Jobs Amid Declining Sales
Cisco's revenue was $13.6 billion this quarter, down 10% from last year.
Radical Ventures Raises Nearly $800 Million for AI-Focused Fund
This will be the firm’s first fund focused on later-stage investments.
Tencent’s Profit Jumps as Videogame Business in China Recovers
The recovery of Tencent's domestic gaming business comes after China's videogame industry faced a slowdown amid regulatory challenges in the past few years.
Intel Sells Stake in UK Chip Designer Arm Holdings
The divestment happened during a quarter of heavy losses for Intel
OpenAI Releases Upgraded Coding Test for AIs
Measuring AI capabilities is important to assess risks, the company said.
Google Unveils New AI Assistant, Pixel Upgrades at Hardware Event
Google's new virtual assistant can work across Google's apps to draft messages and schedule calendar events.
EU Commissioner Breton Rebuked for Musk Letter
The rebuke is a setback for Commissioner Thierry Breton, who has scrutinized tech companies in the U.S.
X Expects $2 Billion in Ad Revenue This Year
X is reportedly bringing in about $2 billion in ad revenue this year, less than half of its ad revenue in 2021.
DoorDash Adds Max Streaming to DashPass Subscription
The delivery company is trying to compete on delivery of groceries and other products, in addition to restaurant orders.
Alibaba’s Lazada Unit Records First Positive Ebitda in July
In Southeast Asia, the Alibaba unit continues to face intense competition from TikTok's e-commerce business as well as regional rivals like Shopee.
Pentagon to Remove Chinese Lidar Maker Hesai From Blacklist
The rare reversal comes less than a year after the Defense Department added Hesai to its blacklist of Chinese companies with military ties.
Elon Musk Blames Trump Interview Delay on DDoS Attack
Musk suggested opposition to Trump was behind the attack.
Patreon Says It Must Use Apple’s Payment System Or Risk Removal
Patreon said Apple is requiring the membership site’s iOS app to use its in-app purchasing system by November.
BuzzFeed Q2 Revenue Fell 24%
BuzzFeed's advertising business continues to shrink, though the company said it's seeing improvements in its higher-margin automated ad operations.
Robinhood Hires Former Lyft Executive as CTO
Pinner, who most recently worked at Cruise, has infrastructure and AI expertise.
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