Rent the Runway Cuts 10% of Staff, COO to Depart
The clothing rental company has tried to cut costs as subscriber growth stays flat
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Carta Ends Secondary Trading Services After Founder Outcry
The decision ends founder Henry Ward's dreams of creating a stock exchange for privately held shares.
JD.com’s Unit Says It May Have Overstated Revenue
Dada Nexus, a subsidiary of e-commerce giant JD.com, is a major competitor in China's online grocery and delivery sectors.
OpenAI Says Times Lawsuit ‘Without Merit’
The New York Times Co filed a copyright infringement lawsuit against OpenAI in late December.
Shein Hires U.S. Government Relations Chief
The company is looking to soothe lawmaker concerns over labor, data privacy
Apple’s Vision Pro Headset Goes on Sale Feb. 2
The device will cost $3,499, with pre-orders starting on Jan. 19.
Elon Musk Issues Non-Denial to Report on Drug Use
If drugs “actually helped improve” his productivity, he would take them, Musk said.
Twilio CEO Jeff Lawson Steps Down As CEO
Lawson will be succeeded by company president Khozema Shipchandler, Twilio said in a statement.
Carta CEO Acknowledges Protocol Breach in Linear Investor Sale Approach
Linear, which uses Carta to manage its cap table, complained that Carta had reached out to angel investors about selling their shares, without authorization.
Thrive in Talks to Raise $3 Billion
Thrive was active on a number of fronts last year, including on deals involving OpenAI and Stripe.
Microsoft Exec Deanna Templeton Fills OpenAI Board Observer Role: Report
Templeton has been responsible for coordinating aspects of Microsoft’s partnership with OpenAI over the past year.
Synopsys in Talks to Buy Ansys for $35 Billion
The deal could value Ansys at around $400 per share.
DOJ Nears Decision on Apple Antitrust Lawsuit
The DOJ is reportedly investigating how Apple locks out rivals from iMessage, among other issues.
Google Preps an Advanced Version of Its ChatGPT Rival
Currently, Bard uses Gemini Pro, Google's medium-sized Gemini large language model.
Summit Partners Halts Credit Investments
The investment firm has put credit investments on pause
Digital Media Firm Puck Appoints CEO
Puck has hired former Twitter, Meta and Refinery29 executive Sarah Personette as its CEO. It reportedly generated more than $10 million in revenue last year.
Coatue Management to Shutter London Office
Cannon, a partner at Index for four years before joining Coatue as a general partner in early 2022, is leaving the firm.
Global Venture Investments Fall to Six-Year Low
For the fourth quarter, investments in retail and fintech picked up.
Amazon Hires Disney Veteran to Lead Prime Video Ads
At Disney, Helfand oversawt ad sales across all the company’s interactive businesses, including Hulu, Disney+ and ESPN.
Design Startup InVision, Once Valued at $2B, Is Shutting Down
InVision raised $350 million from investors including Spark Capital and Goldman Sachs
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