Amazon Aggregator Thrasio Hires Restructuring Advisers
The move is the latest sign of distress in the once-hot corner of e-commerce.
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Shopify Invests in Wholesale Site Faire
The partnership is the latest deal between Shopify and a startup that works closely with its sellers.
Designer Jony Ive, OpenAI’s Sam Altman Discuss AI Hardware Project
Softbank's Masayoshi Son has been involved in some aspect of the conversation.
Investment Bank Centerview Punishes Bankers for Misconduct
The bank has also been battling with former partner David Handler, whose new firm recently landed the Cisco-Splunk deal.
OpenAI Seeks to Sell Employee Shares For the Second Time This Year
Such a deal would triple the paper valuation of the artificial intelligence developer.
JPMorgan Settles Virgin Islands Epstein Case for $75 Million
The bank also settled a lawsuit against former executive Jes Staley.
FTC Files Long-Awaited Amazon Antitrust Lawsuit
The FTC’s complaint, filed in federal court in Seattle, is targeting both Amazon’s pricing policies and the way it runs its logistics services for sellers.
Microsoft Wants to Reduce OpenAI Reliance By Launching Cheaper AI
Microsoft product teams are already testing out the less expensive models.
Alibaba’s Cainiao Logistics Unit Files for Hong Kong IPO
The Chinese e-commerce giant is spinning off the logistics unit as part of its massive restructuring plan announced in March.
TikTok Grapples With Indonesia’s Crackdown on Social E-Commerce
Indonesia, home to 270 million people, is one of the biggest markets for TikTok Shop, the video app's growing e-commerce business.
Ford Pauses Work on $3.5 Billion EV Battery Plant in Michigan
Ford’s plan for the plant, which would use technology licensed from Chinese battery maker CATL, has faced criticism in Washington from Republicans.
OpenAI’s ChatGPT Will Offer Voice Conversations, Mimicking Siri
The new feature ups the ante against Google's Bard chatbot and makes ChatGPT act more like Apple's Siri.
Outgoing Amazon Devices Chief to Lead Jeff Bezos’ Blue Origin
At Amazon, Limp oversaw Amazon’s nascent satellite internet service, which expects to pay Blue Origin $2.7 billion through 2028.
Amazon Agrees to Invest up to $4 Billion in AI Startup Anthropic
Deal is part of a broader agreement that will see Anthropic shift to AWS and use AWS chips
Writers Guild Reaches Tentative Deal With Studios to End Strike
The dispute, which has shaken the entertainment industry to its core, has implications far beyond Hollywood.
Cybersecurity Venture Firm Cyberstarts Closes $480 Million Fund
The fund will be used to double down on Cyberstart's seed invesments
Apple Adds Option to Switch From Google Search in Safari
U.S. government lawyers have said it’s too difficult for Safari users to switch from Google because it takes multiple steps.
Unity Technologies Issues Apology, Revises New Business Model
The gaming software faced an uproar after it first announced a new business model that charged developers based on game installs and did not have a revenue share option.
Biden Administration Wants to Know Cloud Providers’ AI Customers
Companies like Amazon Web Services would have to disclose who their biggest cloud spenders are.
Snap Ad Executive Rob Wilk Exits After Short Tenure
Snap promoted Patrick Harris to the role of president of Americas as former exec Rob Wilk leaves the social network.
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