Robinhood, Revolut Reportedly Explore Launching Stablecoins
More companies look to join the stablecoin race as the EU starts to grant licenses
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Snowflake Appoints New Head of Engineering
The move highlights how Snowflake's new CEO, Sridhar Ramaswamy, is giving loyalists more power as he shakes things up at the cloud computing company.
Chime Hires Morgan Stanley To Lead IPO
Fintech banking startup Chime has hired Morgan Stanley to lead its planned initial public offering next year.
Meta Announces AI Video Avatars for Influencers
Avatars will be able speak and listen to fans who visit the creators’ accounts on Messenger, Instagram and WhatsApp
Two More OpenAI Leaders Departing
The technical leaders follow the announced resignation of CTO Mira Murati.
OpenAI Chief Technology Officer To Leave
Her departure is the latest in a series of high-profile exits and leaves of absences from the company.
Meta Updates AI Products, Introduces New Headset
The updates announced at its Connect conference include the option to speak with Meta AI on Meta’s social media apps
Google Complains to EU Regulator About Microsoft’s Software Licensing
Google says Microsoft used its dominance of the business software market to discourage customers to use alternative cloud providers.
Online Shoppers to Spend Record $241 Billion This Holiday Season
More discounts should encourage shoppers to “trade up” to pricier goods, Adobe said.
Meta, Mistral Will Not Sign EU’s AI Pledge
Their reluctance could signal open-source companies will find it difficult to comply with aspects of the legislation.
Wiz In Share Sale Talks at up to $20 Billion Valuation
The talks follow Wiz’s rejection of a $23 billion bid from Google to acquire the company.
Salesforce to Buy Data Management Firm Zoomin
Salesforce said Zoomin’s technology would boost its new artificial intelligence-powered agents product.
Anthropic Reportedly Projected To Reach $1 Billion in Annualized Revenue This Year
The startup told investors earlier this year that it believed it could reach $800 million in annualized revenue by the end of the year.
Gemini Now Included in Google Workspace Subscription
The chatbot previously cost at least $20 per user per month. The free feature should boost use of the chatbot, a rival to ChatGPT.
Stitch Fix Warns of Revenue Slump Through 2026
The online styling service’s revenue has dropped for three straight years.
Caroline Ellison Sentenced to 2 Years in Prison in FTX Case
The former Alameda Research executive was also ordered to forfeit money and can serve at a minimum-security facility.
Google CEO Says AI Makes Sustainability Goals ‘Challenging’
Speaking at a Carnegie Mellon University event last week, Sundar Pichai said Google made a commitment to operate with carbon-free energy by 2030, but that goal was set before the “current AI moment.”
DOJ Accuses Visa of Debit Card Monopoly
Visa allegedly used its dominant market power to stifle competitors and illegally monopolize debit card payments.
Blackstone, Vista Take Smartsheet Private for $8.4 Billion
The pending acquisition indicates that a lull in activity for buyout firms could soon ease.
TikTok to Shut Down Its Spotify Competitor
TikTok is shutting down its music streaming service TikTok Music in November.
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.
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