Billionaire Byron Allen’s Media Firm Submits Bid for Paramount Global
Allen's offer is for roughly $30 billion, including $14.3 billion for shares in Paramount Global and assuming its $15 billion debt load.
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Flexport Overhauls Executive Ranks Again, Lays Off 15% of Staff
The cuts come after Flexport raised $260 million from Shopify, which already owned 17% of the company.
Social Media CEOs Detail Trust & Safety Efforts for Senators
X CEO Linda Yaccarino said X had “increased the number of trust and safety employees and agents all over the world by at least 10%,” although it’s unclear what drove that change.
Microsoft Engineer Tells Lawmakers He Warned Company About AI Image Safety Problems
The engineer says he never received a response from Microsoft's or OpenAI's leadership.
Meta CEO Mark Zuckerberg Apologizes to Families of Abuse Victims
“I’m sorry for everything that you all have been through,” Zuckerberg told families of victims of online exploitation and harassment during a congressional hearing.
Meta Rejected Efforts to Improve Youth Safety, Documents Show
Lawmakers released internal emails hours before CEO Mark Zuckerberg testified before Congress about child sexual exploitation online.
Senators Criticize Social Media CEOs Over Responses on Online Sexual Abuse of Children
Lindsay Graham argued that until consumers have the right to sue tech companies over content they find on their platform, nothing would change.
Universal Music Group to Pull Songs from TikTok after Deal Talks Fall Through
The announcement follows more than a year of negotiations between TikTok and UMG.
AMD Increases AI Chip Sales Projection 75% as Overall Revenue Stalls
AMD said it is working with Microsoft, Oracle and Meta Platforms to install the latest GPUs in their data centers.
Elon Musk’s $56 Billion Tesla Pay Struck Down by Judge
The Delaware Chancery Court ruled that Tesla failed to prove that Musk’s compensation was fair.
Alphabet Revenue Accelerates Again But AI Questions Loom
It was the fourth straight quarter of revenue growth acceleration.
Microsoft Reports 18% Revenue Growth as New AI Products Begin to Lift Azure, Office
Growth was driven primarily by the segment that includes Microsoft’s Azure cloud unit.
UPS to Lay Off 12,000 People, Explore Coyote Logistics Sale
The company’s overall profit dropped 23% in the fourth quarter from the same period a year before, and tumbled 55% in the unit that houses Coyote.
Microsoft’s Head of Xbox Hits Back Over Apple’s EU App Store Changes
Apple's App Store changes in Europe would disproportionately impact large developers because its new fees make it more costly for apps with millions of users.
Netflix’s Hastings Grants $1.1 Billion Shares to Silicon Valley Charity
The grant follows a spike in Netflix shares after earnings.
Meta Releases New Version of Code-Generating Model
The model, called Code Llama, is larger than previous versions released in August.
Neuralink Implants Technology in First Human, Musk Says
Neuralink is testing whether its technology enables paralyzed people to control devices with their minds.
Meta to Share Data with Researchers Studying ‘Well-Being’
Meta has made several announcements related to youth safety in the lead up to a Senate hearing later this week.
TikTok Tests Shopping Features On More Videos
The test is the social media giant’s latest bid to boost e-commerce sales.
Before Amazon Ditched iRobot Deal, FTC Said It Planned to Sue
The likely FTC suit shows that Amazon and iRobot would have had a difficult time getting the deal through even if it had persuaded the EU to approve it.
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The Information AM by The Information Staff
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