Helen of Troy Acquires Olive & June For $240 Million
Deal activity for beauty startups has been sluggish.
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Together AI, Lambda Eye Fresh Financing
Two startups that compete with major cloud providers by renting out servers with chips made by Nvidia are seeking fresh financing.
Amazon to Invest Another $4 Billion in Anthropic
Anthropic has also agreed to use Amazon chips to train its AI.
LinkedIn Lays Off 200 Employees
The cuts represent 1% of the Microsoft-owned social app's employees.
OpenAI Talks to Samsung About AI Features, Strikes Search Deals with Apps
OpenAI may also build its own web browser.
Planned Age-Verification Bill Would Put Burden on App Stores
The issue of who is responsible for age verification is a polarizing one.
AWS’ Nuclear Firm Asks Energy Regulators to Reverse Recent Rejection
Susquehanna Nuclear said in a letter to FERC that because of the race to develop artificial intelligence, if regulators don’t make power readily available for data centers, national security and the economy could suffer.
Amazon Adds 50% Discount For Temu Competitor Haul
The aggressive discounting coincides with the holiday shopping season and comes one week after Amazon launched Haul.
CFPB Launches New Focus On Payment Apps Like Apple Pay, Cash App
The Consumer Financial Protection Bureau will launch more investigations into big payments fintechs.
PDD Shares Fall As Sales Slowdown Continues
The Temu parent company previously warned of competition and “ongoing external challenges” affecting sales.
DOJ Asks Judge to Make Google Sell Chrome and Possibly Android Too
A judicial ruling in favor of any of the DOJ requests could reshape Google’s business and the search industry writ large.
Anthropic CEO Says AI Gains Aren’t Slowing Down
Anthropic is riding high from the success of its models for coding tasks
The Trade Desk Launches Smart TV Operating System
The advertising giant plans to sell software to TV device makers.
Nvidia Forecasts 70% Quarterly Growth as AI Boom Continues
Nvidia shares fell 2% in after-hours trading, though they have tripled so far this year.
Snowflake Raises Product Sales Forecast, Shares Jump 19%
Snowflake confirms its multi-year partnership with AI startup Anthropic while also raising its full-year product revenue forecast.
DCG Founder Barry Silbert to Lead New AI Subsidiary as CEO
Grayscale parent DCG deepens bet in decentralized AI through new company Yuma.
Comcast Plans to Spin Off NBCUniversal’s Cable TV Channels
The new venture will include cable TV channels such as MSNBC, CNBC and USA and could pave the way for more consolidation in the declining cable-TV industry.
Trump Taps Howard Lutnick as Commerce Chief
Cantor Fitzgerald CEO passed over for coveted treasury role.
Microsoft Inks Deal With HarperCollins to Use Books for AI Training
Microsoft is reportedly planning to use nonfiction books to train a new AI model that has not yet been released.
Walmart Reports 27% E-Commerce Revenue Growth
E-commerce sales accounted for 18% of overall sales, implying online sales revenue of $30.5 billion.
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.
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