Court Strikes Down SEC’s Fund Disclosure Rules
The $27 trillion private asset management industry had opposed the SEC rules.
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Humane Asks Pin Owners to ‘Immediately’ Stop Using Charging Case
It told owners to stop using the charging case that comes with the product due to a potential fire safety risk.
Musk’s xAI to Build Supercomputer in Memphis
The facility will house the giant cluster of semiconductors needed to train xAI’s Grok artificial intelligence.
CBOE Digital Assets Head Leaves for ‘Flash Boys’ Exchange IEX
John Palmer departs as CBOE winds down spot crypto trading
Nvidia Passes Apple to Become Second Most Valuable Company
Nvidia stock has rocketed nearly 150% this year thanks to its soaring sales of AI chips.
X CEO Yaccarino’s Lieutenant Departs Company
At X, Joe Benarroch was involved with business decisions in addition to communicating with journalists.
Spotify Launches Music-Only Tier in UK
Offering music-only and audiobook-only tiers could help Spotify take the sting out of recent price increases that have made it more expensive than Apple Music.
TikTok Hack Impacts Celebrity, Brand Accounts
A TikTok hack has compromised a “very small” number of celebrity and brand accounts including CNN, a company spokesperson said on Tuesday.
Coatue Managing Director Daniel Senft to Depart
Coatue senior managing director Daniel Senft will leave the firm at the end of the year.
Activist Fund Elliott Is Back in SoftBank
Elliott Management looks to be building a new stake and pushing for share buybacks at Masayoshi Son’s SoftBank.
Alphabet Appoints CFO From Eli Lilly
Alphabet said Wednesday that Anat Ashkenazi, CFO at drugmaker Eli Lilly, will succeed Ruth Porat as CFO as of July 31.
SAP Acquires Tech Support Firm WalkMe for $1.5 Billion
The acquisition is part of SAP’s strategy to get customers to spend more on generative AI software.
Databricks to Pay More Than $1 Billion For Data Management Startup Tabular
Databricks has been on an acquisition spree, picking up companies like MosaicML, Arcion, Einblick and Lilac AI in the last 12 months.
Ex-OpenAI researcher Leopold Aschenbrenner Starts AGI-focused Investment Firm
The researcher has capital from former Github CEO Nat Friedman, investor Daniel Gross, Stripe CEO Patrick Collision and more.
Current, Former OpenAI Staffers Call for Whistleblower Protections
The open letter from current and former OpenAI employees follows public criticism of the startup's safety practices.
Elon Musk Diverted Nvidia Chips from Tesla to X and xAI
News that Musk sent Nvidia chips to X and xAI instead of Tesla could fuel questions about his loyalty to the electric car company.
Goldman’s Head of Digital Assets Americas is Leaving
Oli Harris departs for new opportunity after more than three years
Investment Firm Consortium Brand Partners Acquires Outdoor Voices
The athletic apparel brand has struggled with declining sales and executive turnover for several years.
Paramount Leaders Outline Plan to Cut Costs, Explore Streaming Joint Ventures
Paramount's current leaders presented their strategy in the event the company is not sold to a group of buyers led by David Ellison's Skydance Media.
Sam Altman Tapped JPMorgan Debt Line to Invest in Startups
The line of credit enabled Altman to pursue a prolific side gig as a startup investor.
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