Fubo TV Sues Disney, Fox and Warner to Block Sports Streaming Joint Venture
Fubo TV is hoping to block the new streaming joint venture, which would compete with Fubo to offer a bundle of sports TV channels.
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Universal Music Group Buys KKR Out of Song Catalog for $240 Million
KKR will exit the music venture it co-launched in 2021
Walmart to Acquire TV Maker Vizio for $2.3 Billion
Owning Vizio would give Walmart more advertising inventory to sell and more customer data to use when targeting ads.
Chinese Startup Moonshot AI Raises More Than $1 Billion
As China's domestic AI race heats up, tech giants are ramping up their investments and some startups are raising big funding rounds.
European Commission Opens Inquiry Into TikTok Over Risk of Addiction
Europe's new Digital Services Act requires large platforms like TikTok to ensure their systems don't pose threats to people's mental health.
China’s JD.com Mulls Acquisition of U.K. Electronics Retailer Currys
The Chinese e-commerce giant's talks come as U.S. investment firm Elliott is reportedly considering making a new bid for Currys.
EU to Fine Apple $538 Million Over Antitrust Breach
The European regulator has been investigating how Apple's App Store rules favor Apple Music over rival services such as Spotify.
AI Chip Startup Graphcore is on the Market—Report
Graphcore is one of a crop of startups that have emerged in the past couple of years, seeking to compete with Nvidia in the market for specialized AI chips.
SoftBank Said to be Seeking $100 Billion for AI Chip Project
The chip project is code-named Izanagi after the Japanese god of creation.
Amazon Joins SpaceX in Calling Top U.S. Labor Agency Unconstitutional
Amazon made the argument in response to a claim from NLRB prosecutors that the company illegally retaliated against workers at a New York Amazon warehouse that unionized.
OpenAI CEO Altman Asks U.S. For Approval to Launch AI Chip Venture
Middle Eastern involvement in the venture could raise national security concerns.
Apple Plans to Release AI-Powered Coding Assistant This Year
The tool would be similar to Microsoft’s GitHub Copilot, the automatic code-writing tool powered by OpenAI’s artificial intelligence.
GPU Cloud Provider Lambda Labs Confirms $320 Million in New Funding
The Information first reported on the deal in October.
Roku’s Stock Dips Due to Warning of ‘Uneven Ad Market Recovery'
Roku's business continues to grow: Its platform segment, which generates revenue from ads, subscriptions and content sales, grew 13% in the fourth quarter.
Coinbase Reports Surging Revenue on Bitcoin Rally
Coinbase's business rises and falls in line with the crypto market. Bitcoin prices have roughly doubled over the past 12 months.
DoorDash Reports 27% Higher Revenue But Projects Growth Slowdown in 2024
The projected slowdown in growth likely contributed to DoorDash shares falling 11% after hours.
Microsoft to Make Xbox-Exclusive Games Available on Rival Consoles; Teases New Xbox Hardware
Microsoft said it would make four previously Xbox-exclusive games available in the coming year, but didn’t name the specific games.
OpenAI Unveils AI Generator of Realistic Video
The upcoming product ups the ante for existing AI video startups.
Google Unveils Major Upgrade to Flagship Conversational AI
Google said its new Gemini model was cheaper to run than an earlier version it launched just a week ago.
BuzzFeed in Talks to License UK Operations to The Independent
BuzzFeed has been grappling both with sharp declines in its revenue, thanks to a weaker ad market for small firms, and with the need to come up with nearly $200 million by December to pay off debt.
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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