AI Startup Midjourney Expects $200 Million in Revenue
The startup has just 40 employees and hasn't raised a cent from outside investors.
Weekday mornings
The Information AM
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
Recent Editions
Disney Promotes Hulu Live TV Service Amid Carriage Fight with Charter
Disney is pointing people to Hulu's live TV service, which it owns, after its channels went dark on Charter's Spectrum TV systems.
Huawei Smartphone Reveals China Has Partly Overcome U.S. Sanctions
The phone raises questions about whether Washington has been able to contain China’s technology ambitions, which could threaten U.S. national security.
Arm Seeks a Valuation Topping $50 Billion, Taps Apple and Others as Key Investors
Arm's stock is likely to begin trading publicly next week.
Twitter’s U.S. Ad Revenue Now Down 60%, Musk Says
Musk's comments were part of a widening attack by the Twitter owner and his followers on the Anti-Defamation League.
Foxconn Founder Resigns From Board Ahead of Taiwan Presidential Run
Apple’s dependence on Foxconn has waned in recent years as the consumer hardware giant has shifted orders to up-and-coming Chinese manufacturers
Arm Shoots for IPO Valuation Above $50 Billion
It would represent at least a 56% increase from the price at which SoftBank bought Arm seven years ago, a much-needed win for SoftBank CEO Masayoshi Son.
Truepill Raises $66 Million From Existing Investors Oak HC/FT, Optum
The filing comes after Truepill authorized slashing the price of some of its shares by more than 90% from their peak in 2021.
Private Equity Industry Sues SEC Over New Rules
Rules are the biggest regulatory overhaul for the PE industry since Dodd-Frank
Pension Fund Sues Amazon For Snubbing SpaceX Rockets
Amazon put rivalry with SpaceX ahead of Project Kuiper’s success, lawsuit says.
Meta Considering Paid, Ad-Free Versions of Apps for EU Users
The company is responding to a raft of new regulations targeting its business model in Europe.
Disney’s TV Channels Including ESPN Go Dark on Charter’s Spectrum
Streaming costs and access are at the heart of the dispute: Charter wants to offer its customers free access to Disney+ and other services. Disney wants a fee.
MongoDB Reports $37 Million Loss, Rising Revenue Lifted by AI
CEO Dev Ittycheria said the company is still “at the early stages of AI powering the next wave of application development.”
Robinhood Buys Back Bankman-Fried’s Stake
A Bankman-Fried-controlled entity called Emergent Fidelity Technologies bought the stake in May 2022 .
Nvidia-Powered Cloud Provider Preps $500 Million Employee Stock Sale
A former ethereum miner hits pay dirt.
U.S. Offers $12 Billion to Help Auto Industry Prepare for EVs
The Biden administration is offering $12 billion in grants and loans for automakers and suppliers to retrofit their plants to produce electric vehicles.
Shopify Begins Rolling Out TikTok Shop Integration
The rollout comes as Shopify also announced a partnership with Amazon, another rival.
Amazon Aggregator Benitago, Which Raised $383 Million, Files for Bankruptcy
Benitago was one of several Amazon aggregators to hit the skids in recent months as e-commerce growth slowed and funding for startups dried up.
French Billionaire Reportedly Close to Acquiring CAA
French billionaire Francois-Henri Pinault, who owns a luxury goods empire with brands including Gucci, is close to owning a majority stake in CAA.
Deel Offers to Buy Stake in Rival Papaya Global
Deel, an HR startup last valued at $12 billion, has put in an offer to purchase a 10% stake in a competitor.
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