Okta Shares Plummet After CEO Acknowledges Sales ‘Uncertainty'
Executives from identity management software provider Okta told investors that customers are asking for shorter contracts and pulling back on spending.
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Recent Editions
Microsoft Signs Deal With Cloud Startup for Access to GPUs
The deal is a sign that Microsoft can’t keep up with the computing demands of OpenAI.
Meta Announces Quest 3 Ahead of Apple Headset Debut
The company also said it would cut the cost of its existing Quest 2 headsets.
Verizon Packages Netflix and Paramount+ Together in New Streaming Bundle
Verizon's new streaming bundle comes as media, tech and telecom giants are looking to recreate the cable TV bundle for the streaming era.
Apple Mixed-Reality Headset’s Unique Design Makes It Hard to Assemble
Apple's mixed-reality headset is it's most complicated hardware product due to its unconventional curved shape, thinness and ultralight weight.
Google’s Communications Chief to Depart
Corey duBrowa is leaving the company to become CEO of public relations firm Burson Cohn & Wolfe.
Salesforce CEO Benioff Predicts AI Spending Boom
Salesforce's business continues to feel the effects of the tech spending slowdown, but CEO Marc Benioff says generative AI is poised to change that.
Cowen Shutters Its Crypto Division 14 Months After Launch
Wall Street firms have been reevaluating their digital asset initiatives.
Cost Management Startup Vendr Lays Off 25%
Vendr, a startup that helps companies buy and renew cloud applications, is cutting staff amid a broad slowdown in technology spending.
Amazon Employees Walk Out Over Office Mandate, Climate
Social media posts appeared to show crowds of several hundred people gathered near Amazon’s headquarters in Seattle.
Amazon’s Data Center Chief Departs
The departure of the longtime VP raises questions about AWS’s ability to retain its senior executives.
Two More Amazon Aggregators Merge
It's the latest example of how slowing e-commerce sales growth is forcing companies that operate online brands to consolidate.
Binance Is Cutting Staff in Some Units
Binance said it has grown to nearly 8,000 employees and that it will still seek to hire hundreds of new employees as it makes cuts across the organization.
Cloud Startup CoreWeave Raises Another $200 Million
The financing comes one month after CoreWeave raised $221 million.
Twilio Shares Gain After Report on Meetings with Activist
Twilio’s supervoting protection expires in less than a month, potentially opening it up to more pressure from stockholders.
Scientists Warn of ‘Extinction’ From AI
Prominent artificial intelligence researchers have signed onto a joint statement drawing attention to the dangers of runaway AI.
Ex-Coinbase Product Manager, Brother Settle SEC Insider Trading Case
Ishan and Nikhil Wahi have already pled guilty to criminal charges related to the crypto trading scheme.
Elon Musk Talks Tesla at Diplomatic Meeting in Beijing
Musk met with Chinese Foreign Minister Qin Gang.
Twitter Stopped Paying Cloud Bill Before DeSantis Glitch
The events provide a window into Elon Musk's deep cost-cutting, which has inspired some tech CEOs to take a tougher look at their expenses.
Nvidia Unveils New Supercomputer for its Largest Customers
Nvidia founder and CEO Jensen Huang unveiled a powerful new supercomputer for building large language models but also sees AI as a democratizing force.
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.
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