Deel Updates Terms of Service to Prohibit Ponzi Schemes
Deel had become a popular payment provider for dozens of websites that charge investors to enter simulated trading contests.
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Amazon and Flexport Launch Dueling Supply Chain Services
Both companies are pitching their products as one-stop-shops for sellers to get items moved from overseas factories all the way to the doorsteps of customers.
Alibaba’s New CEO Urges Company to Embrace AI Revolution
Eddie Wu, who took the helm Sunday, said the Chinese e-commerce giant will reinforce its strategic investments in AI-driven tech businesses.
Oracle Touts $4 Billion in AI Contracts But Stock Drops on Slower Growth
Oracle’s stock fell more than 9% in after-hours trading as the company disclosed lower revenue growth for the current quarter, in part because it can't open data centers fast enough to soak up demand.
AWS Rejected Nvidia’s Power Play in Cloud Services
The AI chip designer is leveraging its dominance in AI hardware to compete with traditional cloud providers, including AWS.
Microsoft’s Nadella, Oracle’s Ellison Plan Joint Cloud Announcement
The companies have discussed sharing servers to ease the AI chip shortage.
Dimon: Firms Wary of Down Rounds Should ‘Grow Up’
JPMorgan CEO also takes aim at new proposed capital rules
Apple to Use Qualcomm Modems in Phones Through 2026
The pact shows the challenges the company’s in-house modem project has faced.
Disney and Charter End Blackout, Add Disney+ to Spectrum TV Bundle
As part of the deal, Charter's Spectrum TV service will offer different channel bundles that also include Disney+ and, soon, ESPN's new streaming service.
Klaviyo Targets Up to $8.37 Billion Valuation in IPO
The marketing software firm was last publicly valued at more than $9 billion in 2021.
Nvidia Announces India AI Partnerships With Reliance, Tata
The deals with two of India's largest conglomerates are part of Nvidia's efforts to benefit from the future growth of the country's AI computing market.
Instacart Aims for About $9 Billion IPO Valuation
Instacart is likely giving into what IPO investors demand: a discount.
Alibaba’s Former CEO Daniel Zhang Steps Down as Head of Cloud Unit
Alibaba, China's biggest e-commerce giant, is going through the biggest overhaul in its 24-year history.
Roblox Announces AI Chatbot
Roblox announced an AI-powered assistant for creators to make better virtual worlds.
Founders Fund Says Flexport’s Petersen Will Stay On as Venture Partner
Petersen will remain on the Founders Fund team as a venture partner, a title typically reserved for investors who work part time at a VC firm.
Square and Cash App Outages Leaves Customers Unable to Make or Receive Payments
Both services were down for parts of Thursday and Friday, though Block, which owns Square and Cash App, said on Friday that it had mostly fixed the issues.
Rent the Runway Cuts Revenue Forecast, Shares Drop 30%
The clothing rental service has tried to turn around its business following the pandemic.
Dave Clark Says Ouster From Flexport Was a Surprise to Him
The former Flexport CEO said an interview that he only got hints that the company's founder was dissatisfied with his performance before his ouster.
Huawei’s New Smartphone Scrutinized Over Advanced Technologies
Huawei's phone reveals that Chinese firms have made significant progress developing its own chips in an effort to wean themselves off of foreign technology.
Former FTX Executive Ryan Salame Pleads Guilty to Criminal Charges
Salame also agreed to forfeit $1.5 billion as part of his plea deal and was released on $1 million bond.
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