Reddit IPO Could Value it at $6.5 Billion
The valuation is a steep decline from its 2021 funding round.
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Recent Editions
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."
Probe Into Altman’s Firing From OpenAI Nears Conclusion
The law firm examining the events leading to Altman's ouster has been interviewing people and reviewing documents.
Former Google Ads Chief to Lead New Cloud Unit
Dischler will lead a new “Cloud Applications” unit that will help customers integrate AI into their business operations.
Paramount Says Streaming Losses Peaked in 2022 as TV Business Continues Slump
Revenue for Paramount's TV segment fell 12% in the fourth quarter of 2023. The company said it expects Paramount+ to be profitable domestically in 2025.
Snowflake’s AI Executive to Succeed Slootman as CEO
Frank Slootman will be succeeded by former longtime Google executive Sridhar Ramaswamy, a sign that Snowflake will become more aggressive in AI.
Salesforce Introduces Dividend, Reports Steady Revenue Growth
Salesforce tempered expectations for the year ahead, projecting that full year revenue for 2024 will grow at a slightly lower rate.
Publishers Allege Google Advertising Tools Deprived Them of Income
Axel Springer and other publishers are piggybacking on U.S. authorities' evidence and allegations against Google.
Musk Promises New Tesla Roadster In 2025
The long-promised sports car was first announced in 2017.
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