AMD Stock Jumps on GPU Revenue Projections
The semiconductor firm’s projections are much smaller than Nvidia’s share of the AI chip market but reflect an early sign of traction.
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Alibaba Unveils New LLM as China’s Domestic AI Race Heats Up
In China, where the government blocks U.S. services like OpenAI and Google, local tech giants are battling for supremacy in the domestic AI market.
AWS Launches Product Aimed at AI Chip Shortage
The new service could threaten GPU rental startups.
Google Settles Civil Antitrust Lawsuit Filed by Match Group
A similar lawsuit against Google by Fortnite developer Epic Games is still set to go to trial on Nov. 6.
WeWork Nearing Bankruptcy Filing
WeWork's bankruptcy would crystallize billions in losses for SoftBank, WeWork's biggest backer.
FAA Completes Starship Safety Review Clearing Major Hurdle to License
SpaceX is still awaiting the FAA’s environmental review.
Healthcare Startup Olive AI Sells Off Business Units, Winds Down
Olive was valued at $4 billion after raising nearly $900 million from investors
Biden’s AI Executive Order Requires Google, OpenAI and Others to Share Data
The rules will set off a flurry of compliance and legal work for AI model developers.
SBF’s Pre-Trial Comments Come Back to Bite Him
Sam Bankman-Fried faced hours of intense questioning from prosecutor Danielle Sassoon in his Manhattan criminal trial.
X Valued at $19 Billion, Company Tells Employees
The company’s internal valuation, which represents a 55% discount from Musk’s purchase price, is still higher than how others have valued the company.
Shein Acquires U.K. Fast Fashion Brand Missguided
The fast-fashion giant struck a similar partnership with Forever 21 in August.
Meta To Offer Ad-Free Subscriptions for Facebook, Instagram in EU
The changes were made in response to new European regulations
Posts Corrected by ‘Community Notes’ Ineligible for Creator Monetization, Musk Says
X’s ad revenue sharing model had been criticized by misinformation researchers for creating a financial incentive for posting inflammatory and often misleading content.
X Introduces $16 “Premium+” Subscription Tier
The company, whose revenue is primarily driven by ads, now offers a dizzying array of subscriptions.
Google to Commit $2 Billion to Anthropic
Stronger ties to Anthropic would bolster Google’s business with AI startups, which have emerged as a voracious user of cloud computing.
Google in 2021 Paid $26.3 Billion for Search Deals with Apple, Others
Google’s payments represented roughly 58% of Google’s total “traffic acquisition costs” in 2021.
Flexport In Talks To Buy Collapsed Freight Broker Convoy’s Technology
Flexport wouldn't acquire all of Convoy's business, or physical assets like trailers or real estate
Jamie Dimon to Sell $141 Million in JPMorgan Shares
CEO plans to sell 1 million shares through a trading plan
Tencent-Backed Logistics Giant’s Stock Market Debut Fails to Impress
The IPO of J&T Global Express is one of the biggest this year in Hong Kong, where listing volumes have plunged amid weak investor sentiment.
Bankman-Fried Struggles in Testimony Without Jury
Sam Bankman-Fried struggled to answer direct questions while under cross-examination in his criminal trial on Thursday, often giving long and convoluted responses to questions.
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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