Amazon Slashes Seller Fees on Cheap Apparel
The move coincides with mounting competition from discount online clothing retailers like Shein and Temu.
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Recent Editions
IPO Candidate Navan Lays Off 145 in Profitability Push
The job cuts come as the eight-year-old company prepares to go public.
Musk’s X.AI to Raise $1 Billion
The artificial intelligence startup disclosed its fundraise in an SEC filing.
TikTok Nears Deal to Revive E-Commerce Service in Indonesia
TikTok's partnership with Indonesia's GoTo comes after the country's new regulation forced the video app to halt its e-commerce service.
Bitcoin Bump Boosts Robinhood Crypto Trading
Rough math suggests the company’s crypto trading was the highest it’s been since Nov. 2022.
Disinformation Scholar Says Harvard Fired her Under Pressure from Meta
Donovan said the shift against her took place as Meta CEO Mark Zuckerberg’s charitable operation was in the process of pledging $500 million to Harvard.
Twilio Lays Off 5% of Workforce
The cuts are the third round of layoffs since September 2022
Amazon Doesn’t Renew U.K. Premier League Rights
Comcast’s Sky Sports and Warner Bros. Discovery’s TNT Sports bought four years of rights for $8.5 billion.
Google Preps Public Preview of Gemini AI After Postponing In-Person Events
Gemini is Google's effort to catch up to OpenAI.
Nvidia-Backed Cloud Startup CoreWeave Closes $642 Million Secondary Sale
CoreWeave was on track to generate $500 million in revenue this year, up from $25 million last year.
Spotify to Cut 17% of Workforce
CEO Daniel Ek said substantial action to address Spotify's costs was necessary, given slower growth and higher interest rates.
Sam Altman-Backed Chip Startup Inked $51 Million Deal With OpenAI
OpenAI was especially drawn to Rain AI's chips for their ability to be placed in devices like phones and watches, a person familiar said.
Longtime Google Ads Chief Steps Down
Dischler will be replaced by search ads chief Vidhya Srinivasan.
Apple and Paramount Global Discuss Streaming Bundle
Industry executives increasingly have talked about the value of bundling, to reduce churn.
SpaceX to Launch Satellites for Amazon’s Starlink Competitor
An Amazon shareholder sued Amazon and Jeff Bezos in August, alleging that the company awarded contracts to Blue Origin without considering using SpaceX.
OpenAI Delays Launch of Chatbot Store to Early 2024
OpenAI's GPT store was originally set to launch in November this year.
Walmart Pauses Ad Spending on X
A spokesperson said that Walmart has "found some other platforms are better for reaching our customers."
Tiger Global’s $12.7 Billion Fund Records 18% Loss
Tiger has marked down its stakes in Superhuman, DuckDuckGo and OpenSea.
European Regulators Question Meta Over Child Safety Issues
The request from EU regulators coincides with a new report that shows Meta is struggling to combat child sexual abuse material on Instagram.
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.
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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