Amazon Web Services Names New CFO
The leadership change comes at a challenging time for the no. 1 cloud provider.
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EU Plans to Block Amazon’s iRobot Acquisition
iRobot shares plummeted 40% to $14.30 during after hours trading, far below Amazon’s proposed acquisition price of $51.75 per share.
Amazon Lays Off 5% of Buy With Prime Staffers
Buy With Prime lets merchants offer an Amazon checkout option and Prime shipping on their own websites.
Meta Plans to Build Artificial General Intelligence, Zuckerberg Says
Meta is training Llama 3, which will have code-generating capabilities and focus on more advanced reasoning and planning abilities, CEO Mark Zuckerberg said in an interview.
Reddit Plans to Go Public by End of March
The social media company would make its IPO filing public by the end of February, giving investors the clearest look at Reddit's business in its 19-year history.
Peltz Says Disney Streaming Should Target Netflix-Like Profit Margins
Peltz escalated his criticism of Disney as part of his campaign for seats on the entertainment company's board.
Justice Department Could Sue Apple Over Antitrust by March
The lawsuit would be the culmination of a five-year investigation into whether Apple has unfairly shut out software and hardware competitors.
Ex-Meta COO Sheryl Sandberg to Leave Meta’s Board
Sandberg will not stand for reelection at Meta's annual meeting in May and then will become an adviser to the company, she said in a post on Facebook.
Amazon Looks to Launch for Paid Version of Alexa
The testing has hit snags, including Alexa giving inaccurate or unnecessarily long responses, according to Business Insider.
YouTube Lays Off 100 on Creator, Partner Support Team
The cuts come one day after YouTube’s owner Google laid off hundreds of people in its ad sales organization.
Altman’s Top Priority Is GPT-5
Artificial intelligence was a big topic at the World Economic Forum in Davos this year.
Benioff Says AI Model Training Data Is ‘Stolen’
The Salesforce CEO was one of many speakers who touched on AI at the World Economic Forum in Davos.
Shein Faces Data Privacy Review From Chinese Regulator
The company is facing scrutiny of its data privacy practices in both China and the U.S.
Amazon Invests in Regional Sports Programmer Diamond
Amazon's deal with Diamond Sports Group includes a minority investment and rights to stream local NBA, NHL and MLB games on Prime Video Channels.
Uniqlo Sues Shein Over Copyright Infringement
Japanese fashion brand alleges Shein copies the design of its popular shoulder bag
Apple Shipped More Phones Than Any Company In 2023, IDC Says
Apple’s success comes as consumers buy more premium devices and because of intense competition among Android devices, which is fragmenting the market.
Supreme Court Won’t Hear Apple-Epic Case, Allowing For Outside Payment
The outcome still allows Apple to introduce measures discouraging developers from using alternative payments, ensuring it will still capture most commissions.
Disney Says Peltz Hasn’t Presented a Single Strategic Idea In Two Years
Nelson Peltz's proxy campaign to win seats on Disney's board is ramping up, prompting scathing criticism from the company about Peltz's lack of ideas.
Morgan Stanley Suffers Drop in Quarterly Profit
Morgan Stanley's new CEO Ted Pick said the bank's profit margins have been hurt by recent purchases, such as of ETrade.
Goldman Reports Big Rise in Profits
Goldman's quarter was boosted by higher contributions from its asset and wealth management units.
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.
By providing your email, you agree to The Information’s Privacy Policy