Perplexity Hopes to More Than Double Valuation to $8 Billion
Investor enthusiasm for AI startups doesn’t seem to be dimming.
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Recent Editions
Netflix Series May Spark New Jail Terms for Menendez Brothers
‘Monsters: The Lyle and Erik Menendez Story’ has resurrected interest in their case.
Musk Promises $1 Million Payout to Voters, Raising Legal Questions
The billionaire’s gifts are meant to further support Donald Trump.
Judge Temporarily Stays Google-Epic Decision
The ruling was due to go into effect on Nov. 1 but the judge has stayed its implementation, giving Google time to appeal.
Netflix Stock Hits All Time High
Netflix is hoping its nascent ad business jumpstarts growth after next year. Analysts aren't so sure.
U.S. Probes Tesla Self-Driving Software Following Fatal Crash
Tesla has reported four crashes involving sun glare, fog and airborne dust
U.S. Investigates TSMC’s Business With Huawei
The Commerce Department is investigating whether TSMC has been manufacturing AI chips or smartphones chips for Huawei in violation of U.S. export controls.
Calm Inks Deals With UnitedHealth
The startup had previously disclosed plans to lure strategic partners with cheap stock.
Silver Lake, GIC to Take Software Firm Zuora Private for $1.7 Billion
The deal is the latest in a string of software deals by Silver Lake this year.
Amazon Debuts New Type of Grocery Store Next to Whole Foods
The store, branded Amazon Grocery, offers products that aren’t sold in Whole Foods, which bars ingredients like artificial sweeteners and color additives.
Meta Reorganizes and Lays Off Staff on Several Teams
Separately, Meta also fired employees for violating policies around meal credits, according to posts on the anonymous forum Blind.
Stripe in Talks to Buy Crypto Startup Bridge for $1 Billion
Deal, which could still fall apart, would represent Stripe’s deepening support for crypto payments for merchants.
Netflix Revenue Up 15%, but Expects Slower Growth Next Year
Netflix said it expects 2024 revenue to be up 15%, but expects a dip next year. It hopes that advertising can boost revenue growth beyond 2025.
Harvard Endowment Posts 9.6% Return in 2024
Harvard Management Company delivered a 9.6% return for its fiscal year ending June 30, 2024
Google Replaces Search and Ads Chief, Moves Gemini Chatbot to AI Group
The moves give AI chief Demis Hassabis more power.
Baidu CEO: Only 1% of AI Companies Will Emerge as Winners
Baidu, China's biggest search provider, is competing with other tech giants and startups in the country's crowded AI race.
TSMC Lifts Profits 54% on AI Demand
TSMC CEO C.C. Wei cited “one of my key customers” saying demand for AI chips “right now is insane.”
Semiconductor Gear Maker ASML’s Stock Selloff Deepens
Lower-than-expected bookings in the third quarter and a conservative 2025 forecast caused the company’s stock to fall for the second day in a row.
Stripe In Talks to Buy Stablecoin Infrastructure Company
Founded in 2022, Bridge helps companies convert dollars or euros into blockchain-based stablecoins.
Uber Consulted Advisers About Possible Bid For Expedia
Uber has mulled acquiring the travel booking website that its CEO, Dara Khosrowshahi, once led, according to a new report.
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