Universal Music Group to Pull Songs from TikTok after Deal Talks Fall Through
The announcement follows more than a year of negotiations between TikTok and UMG.
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The Information AM
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AMD Increases AI Chip Sales Projection 75% as Overall Revenue Stalls
AMD said it is working with Microsoft, Oracle and Meta Platforms to install the latest GPUs in their data centers.
Elon Musk’s $56 Billion Tesla Pay Struck Down by Judge
The Delaware Chancery Court ruled that Tesla failed to prove that Musk’s compensation was fair.
Alphabet Revenue Accelerates Again But AI Questions Loom
It was the fourth straight quarter of revenue growth acceleration.
Microsoft Reports 18% Revenue Growth as New AI Products Begin to Lift Azure, Office
Growth was driven primarily by the segment that includes Microsoft’s Azure cloud unit.
UPS to Lay Off 12,000 People, Explore Coyote Logistics Sale
The company’s overall profit dropped 23% in the fourth quarter from the same period a year before, and tumbled 55% in the unit that houses Coyote.
Microsoft’s Head of Xbox Hits Back Over Apple’s EU App Store Changes
Apple's App Store changes in Europe would disproportionately impact large developers because its new fees make it more costly for apps with millions of users.
Netflix’s Hastings Grants $1.1 Billion Shares to Silicon Valley Charity
The grant follows a spike in Netflix shares after earnings.
Meta Releases New Version of Code-Generating Model
The model, called Code Llama, is larger than previous versions released in August.
Neuralink Implants Technology in First Human, Musk Says
Neuralink is testing whether its technology enables paralyzed people to control devices with their minds.
Meta to Share Data with Researchers Studying ‘Well-Being’
Meta has made several announcements related to youth safety in the lead up to a Senate hearing later this week.
TikTok Tests Shopping Features On More Videos
The test is the social media giant’s latest bid to boost e-commerce sales.
Before Amazon Ditched iRobot Deal, FTC Said It Planned to Sue
The likely FTC suit shows that Amazon and iRobot would have had a difficult time getting the deal through even if it had persuaded the EU to approve it.
X Restricts Searches for Taylor Swift After Flood of AI-Generated Images
Explicit AI-generated pictures of Taylor Swift highlight the growing threat posed by deepfaked images and the limits faced by X’s hollowed-out content moderation teams.
In Upcoming IPO, Reddit Considers $5 Billion Valuation Target
At that level, Reddit would be valued at about the same multiple of this year's expected revenue as Snap, and slightly below Pinterest.
Flexport to Lay Off Nearly 20% of Employees
The layoffs would be Flexport’s third major round of cuts in just over a year.
Lightspeed Mulls Selling $1 Billion in Startup Stakes
The firm is setting up a continuation fund to hold assets from funds nearing maturity.
Salesforce to Cut 700 Jobs: Report
The cuts follow a wave of layoffs at other big tech companies this month.
Elon Musk’s xAI In Talks to Raise $6 Billion
xAI previously disclosed a $1 billion fundraising round.
Bret Taylor’s AI Startup Said to Near $1 Billion Valuation
The funding comes six months after an initial Benchmark-led round.
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