Silicon Valley Law Firm Cooley Hires Its First Chief Innovation Officer
“Generative AI has changed the conversation for so many industries."
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ServiceNow Raises Outlook; President Resigns
The company said contributions from its generative AI business exceeded expectations in the second quarter.
NBA Rejects Warner Bros. Discovery’s Proposal for Sports Rights Deal
The NBA said Warner Bros. Discovery was unable to match what Amazon is offering with Prime Video, setting the stage for a potential legal dispute.
NBA Announces $77 Billion TV and Streaming Deals with Amazon, Disney and NBCU
The deals make Amazon the first ever streaming video giant to exclusively stream live NBA games in the U.S.
Anthropic Projected to Burn More Than $2.7 Billion in Cash This Year
The figures suggest that Anthropic is less efficient than OpenAI, which is also on track to lose billions of dollars this year.
Nvidia to Start Using Samsung’s Advanced Memory for AI chips
Nvidia will have sufficient memory components to increase the production of its AI chips as Samsung has begun supplying the advanced memory to the U.S. company.
Tesla Reports 45% Drop in Second-Quarter Profit
EV deliveries fall for a second consecutive quarter
Spotify Reports Record Revenue in Second Quarter
The audio streaming company also added 7 million new subscribers.
Zuckerberg Defends Meta’s Open-Source AI Strategy
Some have questioned Meta's strategy with releasing free, open-source AI models.
Google’s Ad Revenue Growth Softens Slightly in Q2
Google's cloud business strengthened slightly while ad revenues, particularly in YouTube, weakened.
Meta Releases Largest Version of Llama 3 to Date
Unlike other recently released models, this version of Llama 3 will not be able to handle images, video or speech, despite expectations that it would.
Peacock’s Losses Fall Sharply
NBCU's Peacock is expected to get a boost in the next year from the addition of NBA games.
Kids Online Safety Bills to Advance in Senate
Two children-online safety bills will be brought to a vote in the Senate this week.
Wiz and Google End $23 Billion Deal Talks
The cybersecurity startup now plans to pursue an initial public offering.
Ether ETFs Begin Trading After SEC Approvals
BlackRock, Fidelity, Grayscale are among nine ether ETF issuers
AMD President to Retire Two Years After Joining Due to Xilinx Deal
The Xilinx deal helped AMD get into the data center business, which is now a key driver of its earnings due to the rising demand for AI-enabled applications.
Google Reverses Decision to End Ad Trackers in Chrome
The move is a win for website publishers and their ad tech vendors that compete with Google.
Tech Executives’ Plan for a New California City on Hold
Group had planned a November ballot initiative.
Warner Bros. Discovery Seeks to Retain Its NBA Rights Deal
The company said it's exercising its contractual rights to match one of the NBA's new deals, which include Amazon along with ESPN and NBCUniversal.
Model Developer Cohere Raises $500 Million at $5.5 Billion Valuation
With the new capital, Cohere will have raised close to $1 billion in total, making it one of the best-funded AI developers.
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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