Meta Cuts About 600 from AI Organization
The layoffs come after the unit, which had about 3,400 employees as of this summer, restructured itself in August.
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ShopMy Boosts Valuation to $1.5 Billion With $70 Million in New Funding
The influencer marketing platform says it is profitable and recently launched more features for shoppers.
Amazon Web Services Pushes More Into Advertising Technology
New product can help ad tech firms get onto the cloud, where many still use on premise systems
Microsoft Raises Nadella’s Pay to $96.5 Million
Nadella “positioned Microsoft as a clear artificial intelligence leader for this generational technology shift,” the board wrote.
Sequoia COO Said to Step Down Over Partner Maguire’s Posts
The resignation of the executive followed Shaun Maguire's remarks about New York mayoral candidate Zohran Mamdani.
Anthropic and Google in Talks to Strike Multi-Billion Dollar Cloud Deal
The cloud deal would be be valued in the high tens of billions
Amazon Reportedly Expects to Avoid Adding Hundreds of Thousands of Workers Due to Robots
Amazon expects to avoid hiring more than 600,000 people by 2033 that it would've needed if it didn't have robotics and automation, according to the report.
OpenAI Launches ChatGPT Atlas, an AI-Powered Web Browser
Atlas allows users to use ChatGPT while browsing the web and take actions on users’ behalf
Netflix Posts 17% Revenue Growth, in Line With Projections
The company this year has cut back on its disclosure, making it difficult to assess how much of its growth is coming from new subscribers and how much from pricing or advertising.
Google Cloud Hires Accenture CTO to Bolster Executive Ranks
Google Cloud, which this year has inked large agreements with Meta and OpenAI, is adding a software industry veteran to help improve product development.
Mark Zuckerberg Must Testify in Social Media Harm Trial, Judge Rules
Instagram head Adam Mosseri and Snap CEO Evan Spiegel will also have to testify in the trial, which is scheduled for January.
Fed Explores ‘Skinny’ Master Account as Crypto Firms Seek Access
Stablecoin issuers such as Ripple and Anchorage have been eyeing direct access to the central bank’s payment system through a Fed master account.
Elon Musk Unloads on NASA Chief After SpaceX Comments
Acting NASA chief Sean Duffy said Monday that NASA would seek bids from SpaceX rivals including Blue Origin for a Moon mission.
AWS Returns to “Normal Operations” After Global Cloud Outage
AWS informs customers that it has fixed the issues that led to access challenges for many of the internet's most popular websites and internet services.
Warner Bros. Discovery to Evaluate Strategic Options
The announcement comes a few weeks after news reports said David Ellison's Paramount Skydance had approached WBD about a possible acquisition.
Japan’s Sakana AI in Talks to Raise Capital at $2.5 Billion Valuation
The fundraising comes as the startup ramps up its effort to generate revenue from business deals with major Japanese corporate customers.
Nvidia Discusses Loan Guarantee for OpenAI
The talks are part of the two companies’ data center partnership in which OpenAI will lease Nvidia’s chips.
Benchmark Names Everett Randle as New General Partner
Everett Randle, a former partner at Kleiner Perkins investing out of its growth-stage funds, has joined Benchmark as the firm’s newest general partner.
AWS Taps 15-Year Veteran to Lead Startups and VC Sales Unit
The cloud provider fills a role that was previously handled by Jon Jones, who recently joined CoreWeave as its first chief revenue officer.
Global AWS Cloud Outage Takes Down Major Websites, Internet Services
Amazon Web Services says it has fixed some of the issues with networking connectivity, but it is still trying to deal with others.
Weekday mornings
The Information AM by The Information Staff
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