Bolt Board Removes CEO, Replaced by Sales Chief
Kuruvilla led Bolt through a turbulent two years following the pandemic online shopping boom.
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Europe Opens New Antitrust Probes Into Google, Apple, Meta
The probes will conclude a year from now and could result in penalties as high as 10% of a company’s global turnover.
China Phasing Out AMD, Intel Chips in Government Computers
The move comes as Beijing attempts to reduce its reliance on foreign technology in favor of homegrown alternatives for national security reasons.
CoreWeave in Talks to Raise Funding at $16 Billion Valuation
The deal would more than double the company’s most recent valuation.
Stability AI CEO Steps Down
The move comes after months of turmoil at the generative artificial intelligence startup.
China Hawk Rep. Mike Gallagher to Reportedly Join Palantir
Gallagher's bill to force a TikTok divestment or ban soared through the House this month.
Marketing Software Company Ibotta Files For IPO
The filing comes after strong debuts by Astera and Reddit this week.
Apple and Baidu Discussed AI Deal for iPhones in China
The talks are the latest sign that Apple is looking for outside partnerships to bring new AI capabilities to its devices.
Y Combinator Plots $2 Billion in New Funds
Last week, longtime YC leader Michael Seibel announced he was stepping back.
Apple, Google Expected to Face EU Probes Under New Digital Law
The probes would be the latest steps in European Union's efforts to regulate tech giants under the region's new sweeping rules.
Alibaba Sells Down Stake in Chinese Video Firm Bilibili
While selling some of its assets, the Chinese e-commerce and cloud computing giant is ramping up investments in artificial intelligence.
IPO Mania for Reddit, Astera
Reddit's IPO “pop” was bigger than Snap’s in 2017 and Pinterest’s in 2019.
Justice Department Sues Apple
The long-expected lawsuit means that four major tech firms are now being sued by the federal government on antitrust grounds
Former Alibaba CEO Joins Chinese Investment Firm
Daniel Zhang, who stepped down as CEO and chair last year, has joined Firstred Capital, whose fund will be backed by Alibaba.
Justice Department Could Sue Apple Thursday Over Antitrust Issues
The move comes amid criticism from competitors that Apple's tweaks to the App Store in the U.S. and Europe to satisfy regulators don't go far enough.
Reddit Prices IPO at $34 a Share, Reflecting Strong Demand
Reddit priced its shares at $34 a piece, implying a valuation of $6.4 billion, as it prepares to list publicly Thursday, a person familiar with the matter said.
Meta, Microsoft and Musk’s X Team Up to Fight Apple in Court
The tech companies complain that Apple's recent changes to App Store rules, which respond to a 2021 court ruling, breach the ruling and will drive up prices.
Equinix Stock Falls After Hindenburg Research Report
The report raised questions about the company’s accounting practices, as well as ability to generate revenue from the artificial intelligence boom.
Apollo Reportedly Makes $11 Billion Bid for Paramount’s Studio
Apollo's bid is just for Paramount's film and TV studio and joins a competing bid from David Ellison's Skydance Media for the whole company.
Temu Owner PDD Holdings’ Quarterly Revenue More Than Doubled
The e-commerce giant spent 50% more on marketing than a year earlier, likely due to Temu’s ad blitz.
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