Silver Lake Confirms Endeavor Buyout
The buyout ends a disappointing time on the public market for Endeavor, which went public three years ago at a price of $24 a share, just $3.50 below the buyout price.
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Tesla Car Production and Deliveries Decline
Tesla’s first quarter production and delivery numbers mark the end of an era of growth.
Meta Set to Lose Engineering Manager Who Worked on Llama 2
Robert Stojnic has told colleagues he plans to leave the company, according to two people told of his plans.
Tiger Global Closes $2.2 Billion Fund, 63% Lower Than Target
Tiger Global Management has raised $2.2 billion for its latest venture fund, according to a person briefed on the fund’s close.
Google Will Delete Billions of Records as Part of Chrome ‘Incognito’ Settlement
Google will also rewrite its disclosures around Incognito mode to clarify that it continues to collect users’ data even when they are using the feature.
Lightspeed, Greylock Would Be Big Winners from Rubrik IPO
The stakes would provide the venture capital firms with a rare win for enterprise software-focused VCs in recent years, which has had a dearth of public listings for such firms
OpenAI Removes Altman as Owner of Startup Fund
Sam Altman no longer controls the OpenAI Startup Fund, the venture arm of the ChatGPT maker that invests in startups, according to new securities filings
Microsoft to Separate Office, Teams Products Globally as Regulatory Pressure Mounts
Companies who previously got Teams for free with their Office subscriptions will now have to pay an additional $5.25 per user per month.
Microsoft Breaks Ground on New Data Center For OpenAI Supercomputer
The new data center is phase 4 out of five phases the companies have discussed for launching supercomputers.
Shein Reportedly Doubled Annual Profit to $2 Billion
The company is awaiting regulatory approval for a U.S.-based IPO.
Senate Reportedly Expected to Push for Changes to House TikTok Bill
Any changes would likely slow the passage of the bill, which sailed through the House earlier this month.
Canadian Schools Sue Meta, Snap, ByteDance
Four school boards in Canada Wednesday sued the social media companies, claiming they have harmed children’s mental health and disrupted the education systems.
Bankman-Fried Sentenced to 25 Years in Prison
The sentence was well below the maximum possible of 110 years.
Karlie Kloss and Josh Kushner to Relaunch Life Magazine
Kloss and Kushner's media company, Bedford, will manage full operations for Life Magazine, including editorial strategy and revenue.
Snap Gives Employees Two Months to Decide to Move Back to Office
The change is the latest sign of how Spiegel is pushing to make Snap’s culture more hardcore as Snap seeks to turn around its sagging business.
Disney Settles Lawsuit With Florida Governor DeSantis
Disney pledged to suspend a fight with the governor in state court while it constructs a new plan for Disney World development with Florida officials.
Canadian Pension Fund PSP To Co-Lead Funding in Cohere at $5 Billion Valuation
With the new capital, Cohere will have raised more than all other LLM startups except for OpenAI, Anthropic and Inflection.
Amazon Confirms $4 Billion Investment in Anthropic
The question is how much of that amount will come back to Amazon as Anthropic rents cloud servers from the company.
Second Proxy Firm Backs Billionaire Nelson Peltz’s Bid for Disney’s Board
Egan-Jones backed Peltz and Trian Fund's other board nominee, citing Disney's struggles with succession planning and "mediocre" business performance.
Weekday mornings
The Information AM by The Information Staff
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