Y Combinator Cuts Communication, Finance Roles
The cuts come a year after YC cut about a fifth of its staff as it moved away from late-stage investments.
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Recent Editions
Circle Gets Stablecoin Approval Under EU Crypto Regulations
Firm says it’s first global stablecoin issuer to comply with EU rules
BlackRock to Buy Private Data Provider Preqin
The acquisition reflects demand for private investment from the world's largest investment managers.
OpenAI Hires Zapier Revenue Chief to Lead Sales Strategy
The ChatGPT maker has been on a sales hiring spree.
Amazon Hires Adept Cofounders, Licenses Its Tech, Mirroring Microsoft-Inflection
The deal appears similar to Microsoft’s $650 million agreement with AI startup Inflection.
Benchmark Plots New $425 Million Fund
Benchmark's recent investments include AI startups HeyGen and Sierra.
SEC Sues Consensys For Violating Securities Law
SEC alleges MetaMask is an unregistered securities broker
Webtoon Jumps 9% in IPO
The app hosts vertically scrolled comics made by professional and amateur creators creators.
OpenAI Sales of Conversational AI Models Passed $1 Billion Annual Rate
OpenAI revenue from its application programming interface surpassed Microsoft's revenue from a similar product.
SpaceX Tender Values Company Near $210 Billion
The new valuation is a record for a private American company.
Oracle Says a TikTok Ban Would Hurt Cloud Business
ByteDance, the parent company of TikTok, is one of Oracle’s largest cloud customers.
State Street, Galaxy to Jointly Develop New Digital Assets ETFs
New ETFs will offer exposure to digital asset companies
Mercury Customer Emails Caught Up In Evolve Cyber Attack
Startup neobank Mercury has warned customers that their information may have been compromised in a cyber attack.
Amazon Market Capitalization Hits $2 Trillion For First Time
The milestone puts Amazon alongside Nvidia, Apple, Microsoft and Google, all of which have a market value of at least $2 trillion.
Amazon Plans Discount Section to Counter Temu, Shein
Shares of Temu parent PDD Holdings, fell more than 2% immediately after The Information’s report, while shares of Etsy fell 1%.
VW To Invest Up to $5 billion Into Rivian
Rivian continues to lose money heavily and the VW partnership will give it a cash infusion to strengthen its balance sheet.
YouTube Is Reportedly in Talks with Record Labels to License Music for New AI Tools
YouTube is hoping to launch a new AI-based song generator this year. It's offering cash to labels and artists to use their music to train the software.
Jana Partners Takes a Stake in Cybersecurity Firm Rapid7
Thoma Bravo offered to buy Rapid7 last year but the two sides weren't able to agree on a price.
Apple Rejected Proposals to Integrate Meta’s AI Assistant Into Apple Products
Apple chose not to proceed with Meta in part because it doesn’t believe Meta’s privacy practices are stringent enough, Bloomberg reported.
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