Frank McCourt’s Project Liberty Prepares $20 Billion ‘People’s Bid’ for TikTok
If the app does not find a buyer for its U.S. operations by January 19, it could be banned in the U.S.
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The Information AM
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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Recent Editions
Stablecoin Issuer Circle Lays Off Less Than 6% of Staff
Circle filed confidentially for IPO in January this year
Spindrift Nears Sale to Private Equity Firm
The sparkling water brand has reportedly been seeking a buyer since early 2024.
Intel Co-CEO Says Strategy Won’t Change Under New Leader
David Zinsner, Intel’s interim co-CEO, sheds light on future direction as the chip company appoints two new independent board members with chip backgrounds.
Vox Media Lays Off Staff and Reorganizes Lifestyle Publications
The media firm, which owns New York magazine and The Verge, is focusing more on building recurring revenue streams. For instance, The Verge launched a paywall.
OpenAI Charges $200 Per Month For ‘Pro’ Version of ChatGPT
The release confirms prior Information reporting that the AI developer has been considering higher-priced subscriptions to its AI.
Etsy Announces Second Executive Shakeup in 12 Months
The online marketplace has been trying to reverse sluggish sales and refocus on unique goods.
Jeff Bezos Says He’s ‘Very Optimistic’ About Donald Trump
Bezos added that he doesn't expect Trump ally Elon Musk to use his influence to hurt Bezos’ companies
Google CEO Pichai Says ‘Hill Is Steeper’ For AI Advancements
“The low-hanging fruit is gone,” Pichai said of the company’s AI research efforts.
Insight-Backed Data Startup Sells $2 Billion in Secondary at $15 Billion Valuation
Insight is selling shares in a secondary offer led by TPG.
Trump Names Tech Hawk Gail Slater as Top DOJ Antitrust Official
Slater is widely viewed as a critic of the outsize power of top tech companies.
OpenAI, Anduril to Develop Anti-Drone AI for U.S. Defense
Silicon Valley developers of AI are increasingly ditching their prior prohibitions on working for the military or its contractors.
Trump Nominates Pro-Crypto Paul Atkins as SEC Chair
Atkins, a former SEC Commissioner, is proponent of crypto and fintech.
Amazon Sued Over Slow Delivery in Low-Income Areas
Amazon stopped using its own delivery network for two areas east of the Anacostia River, causing longer delivery times.
OpenAI Surpasses 300 Million Weekly Active Users
The milestone comes a little more than three months after the chatbot reached 200 million weekly active users.
Andreessen Horowitz Backs Logistics AI Startup HappyRobot
The round values HappyRobot at between $80 million and $100 million including the new capital and also includes Y Combinator and Ryder Logistics’ RyderVentures.
Amazon Adds Data Upgrades to Q Digital Assistant
Amazon Q got off to a slow start, but a series of announcements from its annual cloud conference show it remains committed to the product.
Salesforce Stock Jumps as Revenue Growth Stays Flat
Salesforce's revenue forecast suggests it doesn’t see its new automation tool, Agentforce, as a major revenue driver in the fourth quarter.
TikTok Removes Romanian Political Accounts
One cluster of accounts supported the far-right candidate who won the first round of elections.
Founders Fund’s General Partner Brian Singerman to Step Back from Role
The decision is the latest high level personnel decision at the firm founded by Peter Thiel.
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