News Startup The Messenger to Lay Off Dozens
The Messenger, which raised $50 million last year, is reportedly seeking to raise more money as it struggles to reach its lofty revenue goals.
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Tesla’s Q4 Production Rises 12.6%
BYD, the Chinese EV maker, overtook Tesla to become the world’s largest producer of electric vehicles.
Jack Ma Cedes Control of Fintech Giant Ant Group
The Chinese company completed the change in controlling shareholder announced a year ago
Fidelity Cuts Valuation on X/Twitter Again
The Axios report said that Fidelity has now cut the carrying value of its stake in X by 71.5% since Musk's October, 2022 $44 billion acquisition of the company.
OpenAI Surpassed $1.6 Billion in Annualized Revenue Despite CEO Drama
OpenAI's annualized revenue is up 20% from its pace two months ago.
BuzzFeed’s President Quits
Marcela Martin was the second senior BuzzFeed executive to depart in the past few months, following the CFO.
JD.com Wins Anti-Monopoly Suit Against Alibaba
Alibaba was fined billions by Chinese regulators in 2021.
X Fails to Block California Content Moderation Law
The law requires social media companies to disclose how they moderate certain content on their platforms.
Top American at Tencent to Leave
Wallerstein has long been viewed as the most powerful American at Tencent, whose job was to bridge the cultural gap between the tech giant and Silicon Valley startups.
Google Settles Claims That It Misled Chrome ‘Incognito’ Users
Users alleged that Google broke privacy laws by secretly collecting their data through “incognito” browsing on Google Chrome.
Cable Operator Altice USA Sells Cheddar News to Media Firm
Cheddar News, which was started by former BuzzFeed executive Jon Steinberg in 2016, later sold to Altice USA for $200 million in 2019.
Online Retailer Zulily Shuts Down
The flash-sale retailer alleged Amazon undercut its prices in a lawsuit earlier this month.
Appeals Court Temporarily Suspends Apple Import Ban
The appeals court still has to consider an appeal of the ITC decision blocking Apple from importing certain kinds of its Apple watch.
Anthropic Projected At Least $850 Million in Annualized Revenue in 2024
Earlier this fall, Anthropic told some investors it was generating revenue at a $100 million annualized rate.
Amazon Sets Prime Video Ads Launch Dates
U.S. viewers will see ads starting Jan. 29, while the U.K., Germany and Canada will start on Feb. 5.
NY Times Co Sues Microsoft and OpenAI for Copyright Infringement
The lawsuit signals that months of negotiations between the publisher and the tech companies have failed to reach a deal.
Musk’s xAI Follows Anthropic with Benefit Corporation Structure
The unique structure allows xAI to focus on its public impact.
Israel Grants Intel $3.2 Billion for New Chip Plant
The investment underscores the deep ties between Israel and the U.S. tech industry.
Reddit Falls Short of Ad Growth Targets Ahead of Likely IPO Next Year
Reddit expects ad revenue to grow more than 20% in 2023 to slightly more than $800 million. Two years ago, it hoped to exceed $1 billion in ad revenue by 2023.
Biden Lets Stand Trade Ruling Preventing Apple Watch Sales
The ITC ruled that Apple had infringed two patents, prompting the company to pull some versions of the Apple Watches from sale.
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