European Commission Opens Inquiry Into X
The regulator is examining whether X, formerly known as Twitter, breached the Digital Services Act related to how it deals with illegal content, among other things.
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Adobe and Figma Call Off $20 Billion Acquisition
"We no longer see a path toward regulatory approval of the deal," Figma's CEO said Monday
OpenAI Suspends ByteDance’s Account After Alleged Violation of Terms
The suspension came after The Verge reported that the Chinese parent of TikTok used OpenAI's technology in the development of its own competing AI model.
Activision to Pay $54 Million to Settle Gender Discrimination Suit
The regulatory scrutiny paved the way for Microsoft’s offer for the “Call of Duty” maker.
SEC Rejects Coinbase Petition for New Crypto Rules
The decision extends a legal fight between the securities regulator and crypto industry.
E-Signature Company DocuSign Explores Sale
Private equity firms or technology companies could be buyers of the $11 billion e-signature company
SpaceX to Launch Its First Direct-to-Cell Satellites
The Federal Communication Commission approved SpaceX to test the satellites on Thursday.
Amazon, Snap, Others Discuss New AI Devices
Some of the projects are still a ways off, but it could bring about voice-enabled AI assistants reminiscent of those in sci-fi films such as “Her.”
Accel Closes $650 Million Early Stage Fund
Accel’s new fundraise comes during a challenging year for venture fundraising.
Microsoft’s LinkedIn Nixes Plan to Move to Azure: Report
Microsoft was dealing with a capacity crunch at Azure around the time LinkedIn dropped its plan to move to the service.
Google Plans New ‘Pixie’ AI Assistant for Pixel Phones
The new feature will use Google's new Gemini AI model.
Bolt Lays Off 29% Of Staff in Latest Cut for Checkout Software Firm
The firm’s round of layoffs, which occurred last week, is at least the fourth set of job cuts at Bolt since early 2022.
Temu Files Fresh Lawsuit Against Shein
The companies previously filed lawsuits against each other earlier this year.
Kleiner Perkins In Talks To Value Ex-Google Search Startup At $2 Billion
Glean’s software searches a company’s data using OpenAI’s GPT models
Peltz Nominates Two Candidates for Disney’s Board, Including Former CFO
The inclusion of Jay Rasulo, who was the finance chief at the company from 2010 to 2015, is likely to give Peltz's slate more credibility with Disney shareholders.
Cruise to Lay Off 24% of Workforce
Cruise has been on the backfoot since it lost a license from California regulators to operate its self-driving car fleet in San Francisco.
Google Pay Adding Affirm and Zip as Payment Options
The “buy now, pay later” providers will be available to Android users at some merchants starting next year.
ByteDance’s Pico Cancels Next VR Headset
ByteDance's major retreat from the VR headset market comes as the whole industry is grappling with weak demand.
Adobe Shares Fall on Lower-Than-Expected 2024 Guidance
Although the sales exceeded the company's expectations for the quarter, Adobe shares dipped 6.3% in after hours trading.
Etsy Cuts 11% of Staff As Competition Mounts
The company blamed a challenging macro environment and competition for the cuts.
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The Information AM by The Information Staff
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