VanEck Launches $30 Million Ventures Fund for Crypto, AI
Asset manager’s first venture fund will invest in startups that enable the adoption of stablecoins in finance.
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Justice Department Says It May Ask a Judge to Break Up Google
The Justice Department said Tuesday that it may ask a federal judge to force Google to divest Chrome, Google Play and Android.
Brazil’s Supreme Court Lifts Suspension of X
Musk complied with the court's demands, a month after he claimed the court was trying to undermine democracy.
Cerebras’ IPO to be Delayed by Government Review
Cerebras is reliant on G42 for the vast majority of its revenue, which likely would have been an issue for investors.
Shein Reports $2 Billion in 2023 U.K. Revenue Ahead of Potential London IPO
The fast-fashion company also doubled its U.K. profits, in line with its global growth last year.
More Than a Dozen States Sue TikTok Over Allegedly Harming Kids
Attorneys general from 13 states and DC sued TikTok on Tuesday, alleging that the company deliberately designed the app to be addictive to children
Shortseller Hindenburg Accuses Roblox of Inflated Metrics
The research firm has taken a short position in shares of Roblox and says the company is over-exaggerating its daily active users by possibly as much as 42%.
Amazon’s Top Just Walk Out Executive Leaves for Lime
Amazon has been pulling back from using Just Walk Out in its own stores, including by removing it from dozens of its U.S. Amazon Fresh grocery stores this year.
Former Tesla Executive Joins Waymo
Daniel Ho managed the launch of the Models 3, Y and Cybertruck
FTX Approved to Repay Customers Fully by Bankruptcy Judge
Most FTX creditors will receive about 119% of the amount of their claims under the approved plan.
U.S. Judge Punishes Google’s Lucrative App Store in Antitrust Ruling
The ruling could hurt one of Google's biggest cash cows.
Amazon Acquires Indian Streamer MX Player
Amazon has been trying to build its global streaming advertising business, including by starting to put ads on Prime Video earlier this year.
Shein Hosts Informal Investor Roadshows in London, New York
The China-founded online fashion retailer has gathered positive feedback for its planned IPO.
Google Threatens to Stop Linking to News in New Zealand
It's the latest tussle between internet companies, governments and news media.
Ben Horowitz to Support Kamala Harris’ Presidential Run
Horowitz' prior support for Trump had prompted a backlash from certain influential Silicon Valley Democrats, such as ex Sequoia Capital leader Mike Moritz.
Prediction Market Kalshi Goes Live With U.S. Election Bets
U.S. users can, for now, legally bet on whether Kamala Harris or Donald Trump will win the 2024 presidential election.
Meta Unveils AI Video and Audio Generation Tools
The tools, called Movie Gen, are not yet publicly available, but Meta plans to integrate them in its social media apps next year.
Waymo to Incorporate Hyundai Cars in Robotaxi Fleet
The deal comes as Waymo's robotaxi business is expanding, from San Francisco, Phoenix and LA to Austin and Atlanta in a deal with Uber.
Amazon Closes Three More Go Convenience Stores
It’s the latest example of Amazon trimming its retail footprint as the company continues to search for a winning formula in physical stores.
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