DoorDash Revenues Rise 27% in Q3
The quarterly results showed that DoorDash's growth rate is slowing down but only slightly.
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Roku Benefits From Streaming Price Hikes
Roku generated $912 million in revenue during the third quarter. A portion of that growth is coming from pricier streaming service subscriptions.
Buyout Firm CVC Postpones Potential IPO
The firm, a major investor in professional sports leagues around the world, postponed the listing because of poor market conditions.
Qualcomm’s Q4 Revenues Plunge 24%
Qualcomm, which supplies key components for smartphones, has been hurt by an 18-month long slump in smartphone sales.
Conde Nast to Cut 5% of Workforce
The magazine publisher, which owns The New Yorker, Vogue and other titles, is scaling back on its ambitions to produce movies and TV shows.
AMD Stock Jumps on GPU Revenue Projections
The semiconductor firm’s projections are much smaller than Nvidia’s share of the AI chip market but reflect an early sign of traction.
Alibaba Unveils New LLM as China’s Domestic AI Race Heats Up
In China, where the government blocks U.S. services like OpenAI and Google, local tech giants are battling for supremacy in the domestic AI market.
AWS Launches Product Aimed at AI Chip Shortage
The new service could threaten GPU rental startups.
Google Settles Civil Antitrust Lawsuit Filed by Match Group
A similar lawsuit against Google by Fortnite developer Epic Games is still set to go to trial on Nov. 6.
WeWork Nearing Bankruptcy Filing
WeWork's bankruptcy would crystallize billions in losses for SoftBank, WeWork's biggest backer.
FAA Completes Starship Safety Review Clearing Major Hurdle to License
SpaceX is still awaiting the FAA’s environmental review.
Healthcare Startup Olive AI Sells Off Business Units, Winds Down
Olive was valued at $4 billion after raising nearly $900 million from investors
Biden’s AI Executive Order Requires Google, OpenAI and Others to Share Data
The rules will set off a flurry of compliance and legal work for AI model developers.
SBF’s Pre-Trial Comments Come Back to Bite Him
Sam Bankman-Fried faced hours of intense questioning from prosecutor Danielle Sassoon in his Manhattan criminal trial.
X Valued at $19 Billion, Company Tells Employees
The company’s internal valuation, which represents a 55% discount from Musk’s purchase price, is still higher than how others have valued the company.
Shein Acquires U.K. Fast Fashion Brand Missguided
The fast-fashion giant struck a similar partnership with Forever 21 in August.
Meta To Offer Ad-Free Subscriptions for Facebook, Instagram in EU
The changes were made in response to new European regulations
Posts Corrected by ‘Community Notes’ Ineligible for Creator Monetization, Musk Says
X’s ad revenue sharing model had been criticized by misinformation researchers for creating a financial incentive for posting inflammatory and often misleading content.
X Introduces $16 “Premium+” Subscription Tier
The company, whose revenue is primarily driven by ads, now offers a dizzying array of subscriptions.
Google to Commit $2 Billion to Anthropic
Stronger ties to Anthropic would bolster Google’s business with AI startups, which have emerged as a voracious user of cloud computing.
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The Information AM by The Information Staff
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