DTC Startup Parade Sells For Fraction of $200M Valuation
The sale triggered a process similar to a bankruptcy liquidation.
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The Information AM
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Recent Editions
Microsoft to Debut AI Chip Next Month
Microsoft’s cloud rivals, Amazon and Google, already use their own AI server chips internally, in addition to selling them to customers.
OpenAI Discusses Building Its Own AI Chip
Such a move could put OpenAI in an awkward situation with its cloud provider, Microsoft.
Instagram May Bring Back Cash Bonuses for U.S. Creators
Instagram head Adam Mosseri hopes to bring back cash bonuses for U.S. creators.
Microsoft Plans to Close Activision Deal Next Week
Microsoft initially planned to close the deal in July but was forced to postpone the acquisition while it negotiated with UK regulators.
X CEO Tells Bankers Company is Cash Flow Positive, Except for Debt
Lenders are concerned about the state of the business because they have been unable to sell the Twitter debt since the takeover a year ago.
Mayer’s Candle Media Falls Short of Earnings Projections
Candle is suffering from a pullback in programming by video streaming services.
Meta Pays Top Creators Millions for AI Chatbots
For several top creators, the payments can amount to millions of dollars each over multiple years.
SEC Sues to Force Musk to Testify On Twitter Stock Purchases
One of the issues under investigation is why Musk filed as a passive investor in Twitter even as he was accepting a board seat.
Max Altman Targets $200 Million in New Fund
Max Altman is teaming up with two seasoned entrepreneurs to raise around $200 million for seed-stage startups
Representatives Probe X’s Election Integrity Team Cuts, Following Information Report
Congressperson Adam Schiff and six other members of Congress sent a letter to Elon Musk on Wednesday, asking for information on X’s election integrity capabilities.
Microsoft, AWS Cloud Businesses Targeted by UK Antitrust Probe
The antitrust regulator said its investigation will conclude in April 2025.
U.S. Startup Investments Drop to 2018 Low
U.S. venture capital investments fell 30% in the third quarter to $32.7 billion
Meta Launches Generative AI Products for Advertisers
Meta joins other big tech companies like Microsoft incorporating generative AI into offerings for core customers.
Google Overhauls its Mobile Voice Assistant with Bard AI Chatbot
The moves show how cutting edge artificial intelligence known as large language models is already finding its way into consumer devices.
Flexport Exits Continue as CEO Ryan Petersen Overhauls Top Ranks
At least 10 executives have left the company or been fired since Petersen returned as CEO.
GM’s New CTO Leaves After One Month
Gil Golan's departure follows publication of a profile by The Information.
Elon Musk’s X May Introduce Shopping in Direct Messages
X owner Elon Musk and CEO Linda Yaccarino are turning to shopping and sports to turn around the business of the social network previously known as Twitter.
SBF Trial Kicks Off With Opening Statements, First Witnesses
Prosecutors focused on allegations that Sam Bankman-Fried stole customer funds and the former FTX CEO’s defense argued he always operated in “good faith.”
Google Critic Luther Lowe Joins Y Combinator
Lowe pursued a long-running anti-trust crusade against Google and other large tech companies,
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