China’s Alibaba Plans to Roll Out ChatGPT-Like AI Model
Alibaba's move comes as Chinese tech giants and startups are trying to be China's homegrown equivalent of OpenAI.
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Tesla Announces New Shanghai Battery Factory
The Chinese factory will expand Tesla’ Megapack production.
Uber Sells 50% Stake in Careem’s Super App to UAE Firm
The deal means Uber doesn't have to finance Careem's expansion of its food and grocery delivery and fintech Super App.
Musk Reverses Twitter’s Suppression of Substack
Elon Musk's Twitter had restricted retweets of Substack links, an echo of Twitter's actions late last year against tweets that linked to rival social media apps.
ThredUp Pays Top Executives, Who Are Also Co-Founders, Retention Bonuses
The retention bonuses, paid partly because of the competitive employment market, were paid to two executives who own big stakes in ThredUp.
Substack Financial Statements Show Massive Losses
Substack recently raised money from individual writers at its 2021 boomtime valuation and the financial statements raise questions about the health of the business.
Google CEO Says Chatbot Feature is Coming to Search
A chatbot integration would be a major shift in how Google delivers search results—a process that has changed minimally over more than 20 years.
Tesla Nominates Co-Founder JB Straubel to Board of Directors
Straubel left the electric vehicle maker in 2019.
SpaceX Eyes Late April For First Starship Launch Test
The launch test could be the first time SpaceX's 400-foot-tall rocket leaves Earth's surface.
Binance’s VIP Trading Clients Included Jane Street, Tower Research
The case has sent shivers across the quant trading industry
Australian Regulator Cancels Binance’s Derivatives License
The Australian regulator has been reviewing Binance’s business in Australia, including how it classifies retail and wholesale investors.
Amazon’s iRobot Takeover Investigated by U.K. Antitrust Regulator
iRobot shares have been trading around 30% below Amazon’s proposed takeover price, indicating widespread skepticism among investors that the deal will close.
Amazon Plans to Cut Employee Equity Awards in 2025
The company is also considering giving employees a higher percentage of their compensation in cash.
Disney Puts Hulu President in Charge of Disney+
Disney has promoted Hulu president Joe Earley to oversee Disney+ and Hulu. He succeeds Michael Paull, who held that role under former CEO Bob Chapek.
Saudi PIF to Buy Mobile Gaming Company Scopely for Nearly $5 Billion
Savvy Games Group, a gaming investment company owned by the $620 billion Saudi sovereign wealth fund, has agreed to buy the maker of games such as "Scrabble Go."
Bob Lee, MobileCoin Exec and Cash App Founder, Killed in San Francisco
Lee was 43 years old.
Startup Funding Fell 53% in First Quarter
Global startups raised $76 billion in the first quarter, a 53% decline from the same period last year, according to Crunchbase data.
Amazon and Microsoft’s Cloud Units Face U.K. Scrutiny
The communications watchdog said practices that make it difficult for companies to use multiple cloud providers could be reducing competition in the space
Founder of Frank, Which Was Bought by JPMorgan, Charged With Fraud
SEC files lawsuit alleging 31-year-old Frank founder Charlie Javice deceived JPMorgan.
JPMorgan’s Dimon Criticizes Regulatory Response to SVB Collapse
CEO says that even if a globally important bank failed, JPMorgan "would be okay.”
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