China Sets Up Third Fund Worth $47.5 Billion to Support Chip Industry
The newest fund comes as U.S. sanctions have curtailed China’s access to advanced chips and chip manufacturing.
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Recent Editions
Cloud Startup Grafana Labs Said to Raise Funding at a Flat $6 billion Valuation
Grafana adds to more than $1 billion in growth-stage rounds announced this week.
OpenAI Strikes NDA Policy
The disclosures followed the departure researchers on OpenAI's AI safety team.
TikTok Lays Off Operations and Marketing Employees, Announces New Org Structure
The layoffs are part of a global reorganization at the short-form video app.
Walmart and Capital One End Credit Card Partnership
The retailer had sued to end the partnership last year, alleging Capital One failed to uphold service agreements.
Google to Invest in Walmart-Backed Indian Amazon Rival Flipkart
Google will invest $350 million in Flipkart as part of a Walmart-led $1 billion round valuing the company at $37 billion, according to Reuters.
Meta Mulls Charging for Chatbots, Joining Google, Microsoft
Other companies are charging $20 a month for perks such as the ability to use chatbots within workplace apps like Microsoft Word.
Google AI Search Results Showed ‘Muslim’ Obama and Other Inaccuracies
The company recently said it would show conversational AI answers to all U.S. users.
Snowflake Shares Fall 5% as Revenue Growth Slows Despite AI Push
The company said profit margins would drop by 3 percentage points this year due to its use of pricey Nvidia chips needed to train and run AI models.
Alphabet, Meta Look to Strike Licensing Deals With Hollywood Studios
Alphabet and Meta have reportedly offered Hollywood studios tens of millions of dollars to license content so they can train artificial intelligence that generates video.
U.S. Approves Nasdaq, NYSE Requests to List Ether ETFs
The move is a surprising win for the crypto industry.
BuzzFeed Shares Surge After Vivek Ramaswamy Acquires Stake
Ramaswamy plans to influence on the company’s management and operational strategy.
Meta Creates Group to Advise on AI Products
The group's members include Stripe CEO Patrick Collison and former GitHub CEO Nat Friedman.
News Corp and OpenAI Strike Multiyear Deal
The pact will allow OpenAI to use content from The Wall Street Journal, The Sunday Times and other news brands in its AI products.
Nvidia Forecasts Strong Growth After Reaping $14.9 Billion Quarterly Profit
The AI boom goes on for app developers' favorite sever chip maker.
Snowflake’s Talks to Buy Startup Reka for $1 Billion Fall Apart
The saga illustrates the tough environment faced by generative AI startups.
Microsoft Unveils New AI ‘Agents’ to Automate Workplace Tasks
The announcement reflects Microsoft’s efforts to make its AI-powered software more useful to businesses in order to drive spending.
TikTok Plans Significant Job Cuts
It's unclear how many roles will be affected by the layoffs.
Anthropic Hires Its First CFO to Shape its Financial Strategy
Anthropic is bolstering its ranks ahead of product and international expansion.
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