Andreessen Horowitz Restructures Investment Teams in AI Push
The firm has reorganized its fintech and consumer groups as it grapples with a decline in dealmaking and valuations.
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Reddit CEO Cites Profit Push in Response to Backlash
In an Ask Me Anything session hosted on Reddit, CEO Steve Huffman defended the company’s decision to start charging for API access.
Robinhood Delists Cardano, Solana and Polygon Following SEC Suits
The Securities and Exchange Commission alleged that the three tokens are securities in lawsuits against Binance and Coinbase.
Binance.US to Lose Banking Access, Halts Dollar Deposits
Binance.US plans to operate as a “crypto-only exchange” for the foreseeable future.
Developers of Fast-Rising ‘Falcon’ AI Become a Hot Commodity
OpenAI's proprietary software is hot, but so are developers of open-source alternatives.
Twilio Sells India Business ValueFirst, Issues Additional Proxy Materials
The divestiture comes in the lead to Twilio's June 13 annual shareholder meeting
Third-Party Reddit App to Shut Down
The shutdown follows Reddit’s decision to start charging developers of Reddit-based apps that use its API.
Google Says Office Attendance Will Count in Performance Reviews
Google told workers it will begin enforcing its hybrid work policy more stringently.
More Google Contract Workers Seek to Unionize
Eighty three employees at consulting firm Accenture who write content and design graphics for Google’s customer support pages are seeking to join the Alphabet Workers Union.
General Motors to Join the Tesla Supercharger Network
General Motors will design its EVs to use Tesla’s charging standard in 2025.
Former Amazon Media Boss Jeff Blackburn Joins Roku’s Board
Jeff Blackburn, who led Prime Video, Amazon Studios and other content businesses at Amazon, said he will help Roku grow its streaming business.
Mark Zuckerberg Jabs at Apple’s Mixed Reality Headset
The Meta CEO attempted to rally employees after a series of mass layoffs caused morale to plunge.
OpenAI Rival Cohere Raises $270 Million, Including From Oracle and Nvidia
Microsoft's relationship with OpenAI is prompting other cloud providers to invest in artificial intelligence startups.
Silicon Valley Law Firm Cooley Offers to Pay Associates $100K To Start Later
The delayed start dates come amid a drought in dealmaking
TikTok-Owner ByteDance Allowed China to Monitor Hong Protestors, Suit Charges
The allegations, dating back to 2018, revisit complaints by U.S. lawmakers that the Chinese Communist Party can exert control over ByteDance apps.
Lionel Messi’s Potential MLS Deal Includes Revenue from Apple TV+
Messi's deal to come to Major League Soccer, which has not been finalized, includes getting a cut of revenue from new subscribers to Apple TV's MLS Season Pass.
Fintech Firm Rho in Talks to Buy Startup Formerly Known As Party Round
As fundraising dries up, early-stage fintech finds an exit.
Amazon Plans to Launch Ad-Supported Prime Video Tier
The move comes as Amazon looks to grow its advertising business beyond the core e-commerce formats that account for the bulk of its ad revenue.
Binance.US Pauses OTC Trading, Delist Some Trading Pairs
Some of the affected pairs included tokens that the SEC has alleged are securities, such as cosmos (ATOM), axie infinity (AXS) and decentraland (MANA).
Stitch Fix Shares Jump Over 25% On Cost-Cutting Plans
The online styling service has seen revenue and customer numbers decline over the past year.
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