Banking Startup Revolut and Meta Clash Over Payments Fraud
UK banking startup Revolut has urged Meta to shoulder the costs of reimbursing victims of bank fraud.
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Recent Editions
OpenAI Takes Out $4 Billion Revolving Credit Line
The company now has access to over $10 billion in liquidity.
Google Starts Selling Ads in AI-Powered Search Results
The new ad format shows the tightrope Google must walk as it attempts to incorporate generative AI responses into search without cannibalizing its business.
Amazon to Hire 250,000 Workers for Holiday Season, Same as 2023
The unchanged hiring figure for 2024 indicates Amazon expects moderately higher sales compared to last year.
Judge Blocks California Deepfake Law
The law is intended to stem AI-powered misinformation as elections near.
CRV to Return Some Cash to Investors
The VC firm, a specialist in early-stage investing, says there aren't enough justifiable late-stage investments.
Amazon to Increase the Number of Ads in Prime Video
Buoyed by a strong start to its Prime Video advertising business, Amazon is looking to add more commercials on the service, according to a top executive.
EU Asks YouTube, Snapchat, TikTok For Algorithm Data
The European Commission asked YouTube, Snapchat and TikTok for information on how their apps recommend content to people and how those decisions might impact safety risks.
OpenAI Raises $6.6 Billion at $157 Billion Valuation
OpenAI has completed its massive fundraising.
Early Generative AI Startup Leader Tome Lays off 31% of Staff
It's the company's second round of layoffs this year.
OpenAI Aims to Buy Employees Shares After For-Profit Conversion, CFO Says
Chief financial officer Sarah Friar told employees that the company was still working through details but would share timing and specifics as soon as it could.
Judge Says FTC’s Antitrust Claims Against Amazon Can Proceed
The judge dismissed some claims brought by state attorneys general relating to alleged state law violations.
Ex-OpenAI VP Zoph Plans New Startup
Zoph’s planned startup, which hasn’t previously been reported, could represent the latest threat to OpenAI’s pool of talented researchers.
Microsoft Adds OpenAI-Powered Voice, Reasoning Features to ChatGPT Rival
The features will be available to subscribers who pay $20 per month for the premium version of Microsoft's chatbot.
FTC’s Amazon Suit Partially Dismissed by Judge
It was not clear which parts of the suit, which alleges a wide range of anticompetitive conduct, had been dismissed.
SoftBank to Invest $500 Million in OpenAI
SoftBank joins lead investor Thrive Capital, Tiger Global Management, Coatue Management and Microsoft in the fundraising.
Cerebras IPO Filing Shows Losses, Customer Concentration
The company aims to take market share from Nvidia.
DirecTV and Dish Plan Merger
DirecTV and Dish have tried a couple of times in the past few decades to merge, only to be blocked by regulators.
Thrive Capital Raises $391.3 Million, Possibly For OpenAI Deal
In March 2023, Thrive similarly raised $744.8 million from investors to back Stripe.
Epic Games Sues Google, Samsung For Allegedly Blocking App Store Competition
The suit alleges that Google and Samsung colluded to launch a feature to lessen the blow of Google’s loss in an earlier Epic Games antitrust case.
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