Saudi Fund Sells Shares In U.S. AI Chip Startup After U.S. Security Review
A venture arm of the petroleum giant Saudi Aramco, Prosperity7, has sold its shares in a San Francisco-based AI chip startup.
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Federal Judge Halts Montana TikTok Ban
The preliminary injunction is an important victory for TikTok as the ByteDance-owned app is facing fresh political pressure.
Tesla Hands Over Keys For First Cybertrucks
The cheapest model is $60,990, up from the early promised price tag of $39,900.
Vox Media Cuts 4% of Workforce
The firm, which owns New York magazine and The Verge, blamed the cuts on "continued turmoil in advertising."
Apple to Likely Make Mac, iPad Chips Only with TSMC in Arizona
Apple's use of Amkor to assemble Arizona-made chips suggests iPad and Mac chips will be made there. That won't cut Apple's reliance on Taiwan for the iPhone.
Nelson Peltz Signals Plans for Disney Proxy Fight
Activist investor Nelson Peltz said he will take his case for change at Disney directly to shareholders, a sign he plans a proxy contest for board seats.
Meta Plans Threads Europe Launch
The company excluded Europe from its initial Threads rollout over regulatory concerns.
Russia, Iran and China Are Top Sources for Fake Accounts, Meta Says
The social media company reported on accounts targeting people in other countries as part of coordinated campaigns to manipulate public opinion.
GM to Slash Spending on Cruise
The planned cuts follow a safety crisis at the robotaxi unit.
Elon Musk Rejects Advertiser Concerns in Profanity-Laden Interview
In recent weeks, major advertisers including Apple, Disney and IBM have paused advertising after Musk endorsed an antisemitic post on X.
Salesforce Revenue Rises 11%, Says Customers Embracing ‘New Era’ of AI
Free cash flow for the quarter was $1.37 billion, compared to $115 million a year prior.
Snowflake Revenue Rises 32% As CEO Hails ‘Stabilizing’ Software Market
The company’s stock was up nearly 7% in after-hours trading on Wednesday.
Blackstone to Buy Pet-Care Site Rover for $2.3 Billion
Rover had gone public in 2021 via a SPAC merger.
SoFi Shutting Down Its Crypto Business
SoFi’s crypto services have come under scrutiny from the Federal Reserve.
AWS Launches ‘Multimodal’ AI Models, Image Generator
Google also has been hard at work on a multimodal model, Gemini, but has delayed its release to customers of Google Cloud.
Coatue Called for Stability CEO Mostaque to Step Down
Investors are frustrated with CEO Mostaque's management style.
OpenAI Not Planning to Give Microsoft, Other Investors Board Seats
CEO Sam Altman is not expected to join the reconstituted board.
Apple Proposes Exit From Partnership With Goldman Sachs
Move will likely put an end to the pact, as Goldman already wanted out.
Charlie Munger, Warren Buffett’s Right-Hand Man, Dies at 99
Charlie Munger, the billionaire who was Warren Buffett’s closest ally at Berkshire Hathaway, has died at age 99.
AWS Unveils AI Chatbot and Assistant, Taking Aim at OpenAI
The product, which is not yet available to customers, appears to be a direct competitor to OpenAI’s ChatGPT for enterprise customers.
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The Information AM by The Information Staff
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