OpenAI Rival Cohere Raises $270 Million, Including From Oracle and Nvidia
Microsoft's relationship with OpenAI is prompting other cloud providers to invest in artificial intelligence startups.
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The Information AM
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Recent Editions
Silicon Valley Law Firm Cooley Offers to Pay Associates $100K To Start Later
The delayed start dates come amid a drought in dealmaking
TikTok-Owner ByteDance Allowed China to Monitor Hong Protestors, Suit Charges
The allegations, dating back to 2018, revisit complaints by U.S. lawmakers that the Chinese Communist Party can exert control over ByteDance apps.
Lionel Messi’s Potential MLS Deal Includes Revenue from Apple TV+
Messi's deal to come to Major League Soccer, which has not been finalized, includes getting a cut of revenue from new subscribers to Apple TV's MLS Season Pass.
Fintech Firm Rho in Talks to Buy Startup Formerly Known As Party Round
As fundraising dries up, early-stage fintech finds an exit.
Amazon Plans to Launch Ad-Supported Prime Video Tier
The move comes as Amazon looks to grow its advertising business beyond the core e-commerce formats that account for the bulk of its ad revenue.
Binance.US Pauses OTC Trading, Delist Some Trading Pairs
Some of the affected pairs included tokens that the SEC has alleged are securities, such as cosmos (ATOM), axie infinity (AXS) and decentraland (MANA).
Stitch Fix Shares Jump Over 25% On Cost-Cutting Plans
The online styling service has seen revenue and customer numbers decline over the past year.
CNN Chief Departs
Like other cable channels, CNN is struggling to cope with cord-cutting and weak ad revenues.
SEC Asks Court to Freeze Binance.US Assets
The motion comes a day after the SEC sued Binance and its CEO Changpeng Zhao for securities violations.
CFPB Says Banks That Use Chatbots Risk Legal Breaches
CFPB review of complaints found 80% of consumers were more frustrated after interacting with chatbots.
CareRev Exec Addresses Allegations About Founder in Email
The email was in response to The Information’s reporting about the conduct of its co-founder and recently departed CEO, Will Patterson.
Microsoft Fined $20 Million by FTC Over Storage of Xbox Data
The settlement is the latest example of the FTC enforcing hefty fines for data privacy violations.
PGA Tour and Saudi-Backed LIV Golf to Merge
The merger, which will create a new professional golf organization, ends months of bitter legal dispute between pro golf's top tour and a well-funded rival.
SEC Sues Coinbase
The suit had been expected since Coinbase said it received a Wells notice in March.
Sequoia Capital’s Chinese Arm to Split From U.S. Firm
The split comes as Sequoia Capital's relationship with Sequoia China has come under scrutiny in Washington.
Twitter U.S. Ad Sales Reportedly Down 59%
That performance is worse than the company expected and is not forecast to improve, according to The Times, adding to the woes facing Twitter's incoming CEO.
SEC Alleges Solana, Polygon Are Securities in Lawsuit Against Binance
The SEC has called out specific tokens in previous lawsuits, but the allegations in this case include some of the most popular tokens by market capitalization.
Tesla Loses Key Supply Chain Executive to Electric Truck Rival Rivian
Mustapha El Akkari, who was responsible for arranging the purchase of raw materials for Tesla vehicles, will now play a similar role at Rivian.
Apple Unveils $3,500 ‘Spatial Computing’ Headset
The price tag is even higher than expected.
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