FTC Opens Inquiry Into Reddit’s AI Licensing Deals Ahead of IPO
The probe signals that the antitrust watchdog is widening its examination of AI deals.
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Recent Editions
Former Apple Executive Named CEO of New Sports Streaming Joint Venture
Pete Distad, who was part of the Hulu launch team before joining Apple, will be in charge of a new sports streamer from ESPN, Fox and Warner Bros. Discovery.
Y Combinator’s Seibel to Step Back
Michael Seibel said Friday that he would hand over his leadership responsibilities at Y Combinator.
Private Equity Firm CVC Eyes May IPO
The listing has been delayed several times over the past two years
Apple to Pay $490 Million to Settle Investor Lawsuit
Shareholders had sued Apple over statements by CEO Tim Cook suggesting in late 2019 that the company wasn't seeing weakness in China.
Apple Acquired a Canadian AI Startup
Dozens of DarwinAI's employees have joined Apple's AI division, Bloomberg reported.
Microsoft Scraps Some Cloud Fees, Following Google and Amazon
The EU recently passed a law that will abolish egress fees for customers that want to leave a cloud provider entirely.
JPMorgan Fined $350 Million for Trading Breaches
JPMorgan Chase has been fined roughly $350 million for failing to properly monitor client trading activity.
SpaceX’s Starship Goes on Hour Long Journey in Third Test Flight
It was Starship’s longest and most successful test to date.
Salesforce Invests in Nvidia Server Reseller at $1.25 Billion Valuation
The announcement confirms news that The Information broke a month ago
Former Treasury Secretary Mnuchin Wants to Buy TikTok
The chances that TikTok will be available for purchase are low, as the Chinese government isn't expected to allow ByteDance to sell the app.
China Vows to “Take All Necessary Measures” as House Approves TikTok Bill
Beijing is likely to have control over what ByteDance could or couldn’t do if the U.S. tries to force a sale of TikTok or implement a ban.
Waymo Preps Launch of Robotaxi Service in Los Angeles
The Alphabet autonomous vehicle unit is doubling the number of cities it operates in.
White House Urges Senate to Act on TikTok Bill
The bill passed the House 352-65 on Wednesday, the furthest any federal effort to ban TikTok has ever advanced.
Microsoft Sets Launch Date, Pricing for New AI Security Tool
The software will be billed based on how much customers use it, starting at $4 per hour per user.
House Approves TikTok Ban-or-Sell Bill
The bill now moves to the Senate, where its prospects are unclear.
Amazon to Deliver Eli Lilly Prescriptions, Including Weight-Loss Drug Zepbound
Eli Lilly’s service, LillyDirect, pairs patients with outside telehealth companies, which can then write prescriptions for some popular Lilly medicines.
Apple to Allow Developers in Europe to Offer Apps Via Web
The new rule will make it easier for developers to get their apps into the hands of consumers without having to go through Apple or a third party.
GM’s Software Head Resigns After Less Than a Year Due to Health Issues
Abbott previously held executive roles at Palm, Twitter and Apple, and he also was a general partner at Kleiner Perkins.
House to Vote Wednesday on TikTok Bill
The bill is expected to pass the House on Wednesday and would then advance to the Senate.
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