Google Pays Apple 36% of Revenue Under Search Agreement
University of Chicago economist Kevin Murphy on Monday disclosed the number during testimony as a witness.
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Recent Editions
Coatue-Backed Stash to No Longer Offer Crypto Investing Through Bakkt
Bakkt, one of the few publicly traded crypto companies, has seen its share price fall under $1 in recent days.
Amazon Lays Off 180 Gaming Staffers
It’s the latest example of a big tech firm that made mass layoffs around a year ago doing narrower, more focused cuts, following similar moves by Google and Meta.
Nvidia Unveils New AI Chip, Upping Ante with AMD
Nvidia announced its new H200 chip for training and running AI models at the SC23 supercomputing conference in Denver.
Foresight Ventures Acquires Majority Stake in Crypto News Site The Block
Michael McCaffrey, the former CEO and majority owner of The Block, resigned in December 2022 for taking loans from former FTX CEO Sam Bankman-Fried to help finance a company buyout.
Google in Talks to Invest in Character.AI
The talks come as Google and other cloud computing giants are ramping up their efforts to deepen their partnerships with leading AI startups.
Apple Set to Challenge EU’s Digital Markets Act
Apple also plans to dispute scrutiny on iMessage
Sales Fall on China’s Biggest E-Commerce Shopping Festival
The country’s annual online shopping feast has been a key gauge of consumer sentiment
Meta, Tencent Sign Preliminary Deal to Sell Quest Headset in China
The deal would be the first time Meta has been able to offer a product or service in China after its services were blocked from the country in 2009.
Apple to Pay $25 Million to Settle Federal Job Discrimination Case
The settlement highlights how tech firms seek to pay lower wages to foreign workers who are less likely to quit due to a dependence on the firms for visas.
Shares of The Trade Desk, an Online Ad Firm, Plunge 30% on Slower Growth
Prior to the report, shares in the company had risen more than 70% this year, giving it a $38 billion market capitalization.
Humane Kicks Off Marketing For AI Pin
Humane's device, due out next week, is likely to be the first of many AI-centered hardware devices.
Coatue, Lightspeed Exit Stability AI’s Board
Stability has also raised an additional $50 million from Intel.
Amazon and Meta Test Advertising Partnership
The partnership asks people to link their Amazon accounts to their social media profiles.
Amazon to Resume Fresh Supermarket Openings in 2024
The move follows a year-long suspension that left built-out but unopened “zombie” stores across the country.
Lyft Reports Higher Revenue But Growth Trails Uber
Lyft continues to burn cash, while its bigger rival Uber is now solidly profitable.
Southeast Asia’s Grab Delivers First Adjusted Operating Profit
Company expects to achieve positive free cash flow next year
SoftBank Group Reports Loss as WeWork’s Collapse Weighs
The Japanese tech investment giant wrote down its stake in WeWork, which filed for bankruptcy protection this week.
Hollywood Actors’ Union Reaches Tentative Deal With Studios to End Strike
If approved by the actors' union's board and members, the deal would end a months-long work stoppage that ground Hollywood to a halt.
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