Web Summit CEO Cosgrave Resigns After Israel Remarks
The resignation follows a rising number of withdrawals from major tech companies from the event.
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Okta Says Hackers Accessed Customer Files, Stock Falls 11%
The hackers used a stolen credential to gain access to Okta’s customer support service and access some customer logs.
X to Introduce Two New Subscription Tiers, Musk Says in Post
The announcement suggests that Musk is continuing to refine his plans to try and push more users of the platform to start paying for it.
Thrive to Lead Investments in OpenAI Share Sale
The fast-growing startup could use the price set by the share sale to raise more money.
Blackstone Stock Slides After Earnings Miss
A slowdown in deals hurt the firm’s distributable earnings.
Apple Cancels Jon Stewart Show Partly Because of Upcoming China Episode
While Apple TV+ isn’t offered in China, potential episodes about the country might have angered the Chinese government or Chinese consumers.
European Commission Formally Requests Information from Meta, TikTok
The European Commission has used the Israel-Hamas war as a chance to flex its muscle under the Digital Services Act for the first time.
AWS Joins Group That Wants to Make Cloud Prices More Transparent
It’s a big win for the trade group after AWS previously turned down proposals from employees who wanted the company to join.
New York Sues Gemini, Genesis, DCG for Defrauding Investors
More than 230,000 customers have more than $1 billion stuck on Gemini Earn, according to the complaint.
Meta Limits Comments on Posts About Israel-Hamas Conflict
In announcing the new measures, Meta said "there is no truth to the suggestion that we are deliberately suppressing voice."
SBF Told Ex-General Counsel to Come Up With Legal Justifications for $7 Billion Hole
Bankman-Fried made the request as FTX was trying to secure a lifeline from private equity firm Apollo.
ESPN Accounts for 19% of Disney’s Operating Profits
The disclosure shows that ESPN's profit margin is much lower than that of Disney's other TV networks, which include ABC and FX.
Tesla Continues Margin and Cash Flow Crunch
Cybertruck won’t help much with cash flow, Musk warned
House Committee Says ‘Additional Questions Remain’ For Sequoia Following China Split
The congressional committee is concerned Sequoia's China split won't sufficiently limit capital investment in Chinese entities.
Netflix Raises Prices on Premium Tier
Netflix's revenue growth is accelerating, thanks to its password-sharing crackdown.
OpenAI Strikes Computing, Sales Deal With UAE Tech Firm
The conglomerate, G42, implied it would provide cloud computing capacity to Microsoft, which is OpenAI’s exclusive cloud provider.
Morgan Stanley’s Profit Falls on Investment Banking Slump
Investment banking revenue slides 27%, far worse than at other banks.
X Tests $1 Paid Subscription To Post
X said the test, which targets new users in New Zealand and the Philippines, was aimed at reducing spam and bots.
U.S. Bars Nvidia From Selling Advanced AI Chips to China
Nvidia’s stock price closed down 4.7% on Tuesday on the news.
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