South Korean Firms to Invest $470 Billion On Chip Factories By 2047
The move will help South Korea become more self-sufficient in chip production while also making its firms more competitive against their foreign counterparts.
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Recent Editions
Google to Let European Users Stop Sharing Data Across its Web Services
The move comes ahead of a March 6 deadline to comply with the EU’s Digital Markets Act.
Artifact, News App from Instagram’s Co-founders, Shuts Down
The startup, which uses artificial intelligence to suggest news that people might be interested in, had launched in January 2023.
Microsoft Passes Apple to Become Most Valuable Company
Microsoft's rise reflects its edge in artificial intelligence.
OpenAI Removes Ban on Military and Warfare-Related Uses of AI
The company updated a number of its usage policies on January 10.
Shein Registers With China Regulator for IPO Approval
The need for a sign off from China’s securities regulator could delay Shein’s IPO plans.
BlackRock to buy infrastructure investor GIP for $12.5 billion
The deal would mark a major move into private markets for BlackRock
JPMorgan Books Record Profits, Citigroup Flags 20,000 Job Cuts
JPMorgan’s profit rose 32% on 2022, leading a mixed bag of large bank earnings on Friday.
Al Gore, Ex-Boeing CFO to Leave Apple Board
A former CEO of the nonprofit Aerospace Corporation has been nominated to fill one of the board seats.
Amazon’s Entertainment Cuts Continue With 5% Audible Layoff
Audible, which Amazon acquired in 2008, attributed the cuts to an “increasingly challenging landscape” and said the division needed to get “leaner."
Alphabet Union Says Google Laid Off More Than 1,000 Employees
Wednesday's layoffs are the largest round of cuts at Google since last January.
Thoma Bravo-Owned MeridianLink Lays Off 9% Of Employees
The staff cuts follow a sharp slowdown in revenue growth for MeridianLink, which sells software to financial institutions like regional banks
Circle Confidentially Files for IPO
The company abandoned a plan to go public through a SPAC merger in 2022.
Google Ends Fees for Customers Switching Clouds, Pressuring AWS and Microsoft
The move comes amid multiple regulatory probes into how cloud providers steer customers away from competitors.
Instagram Cuts Manager Roles In Broader Reshuffle
Employees who lost their jobs were notified this week
Google Lays Off Hundreds of Employees in Engineering, Hardware, Assistant
The search and advertising firm is starting 2024 where it left off last year—trimming staff.
SEC Approves Spot Bitcoin Exchange-Traded Products
Gensler cautions the approval does not suggest SEC approves or endorses bitcoin.
Netflix Says Its Ad Tier Has 23 Million Users (Not Subscribers)
Netflix's ad chief said 23 million users globally are watching the service on its ad-supported tier. It hasn't yet disclosed the subscriber number, which is almost certainly a smaller figure.
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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