Luminar Technologies CEO Buys Forbes Magazine
Luminar CEO Austin Russell becomes the latest tech founder to buy a print media product.
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Recent Editions
Binance Exits Canadian Market Due to New Regulations
Canadian securities regulators announced in February that crypto companies that offer trading needed to agree to updated regulations as they await registration.
Paradigm-Backed NFT Startup Tessera Shuts Down
The company’s co-founder said in a tweet that reaching profitability would be challenging.
Tesla Recalls 1.1 Million Chinese Cars Over Braking
The issue will be addressed with an over-the-air software update
Elon Musk Confirms Linda Yaccarino as New Twitter CEO
Musk's announcement came shortly after NBCUniversal said Yaccarino, its global advertising chief, was leaving the company effective immediately.
Binance.US Exploring Lowering Founder Changpeng Zhao’s Majority Stake
Binance.US executives have discussed whether reducing Zhao’s stake might help its standing in the eyes of U.S. regulators.
Meta Unveils Generative AI Tool for Advertisers
The company currently is testing the tool, known as the "AI Sandbox," with a small group of advertisers.
Startup Valuations Are in Free Fall
Startup valuations fell 75% in the first quarter compared to 2021.
SoftBank’s Vision Fund Reports $2.3 Billion Loss
Despite a modest recovery among public listed stocks, the fair value of Vision Fund's stakes in private startups dropped.
Apollo, Blackstone and Brex Among Firms That Bid for SVB Assets
Twenty firms lobbed bids for all or part of SVB after its collapse, the FDIC said.
Programming Site Stack Overflow Facing Challenge From Generative AI
Stack Overflow, a popular Q&A site for software programmers, is being labeled a canary in the coal mine as generative AI marches on.
Robinhood Revenue Buoyed by Rising Rates
Interest income continues to drive much of the company’s top line growth.
Google CEO Discloses ‘Gemini’ AI to Rival OpenAI’s GPT
Gemini is likely to be one of the biggest AI machine-learning models ever created.
Disney to Combine Disney+ and Hulu Into One App
Disney CEO Bob Iger said he is more inclined for Disney to keep its majority stake in Hulu.
NY Times Co’s Digital Ad Revenue Drops in Q1
The publisher offset the decline in digital ad revenues with double-digit growth in subscription revenues, which was helped by last year's acquisition of The Athletic.
Microsoft Tells Full-Time Employees They Won’t Get Raises This Year
CEO Satya Nadella told employees that the decision was due to “macroeconomic uncertainties.”
Walmart Wants to Move Card Business to Fintech Venture: Capital One
One, the Walmart-backed venture, is also planning to offer buy now, pay later loans to shoppers.
iRobot’s Revenue Drops, Shares Fall Further Below Amazon Takeover Price
The Roomba maker's shares were trading more than 42% below the price Amazon has agreed to pay.
Judge Says Block’s Tidal Deal Was ‘Terrible Business Decision’
The judge ruled that boards of directors are “free to make a terrible business decision” as long as they are made “in good faith."
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