SoftBank Butts Heads with Revolut Over Plan to Secure Banking License
Revolut needs to convert its preferred shares into common shares so it can receive a banking license. SoftBank wants a better deal before it agrees to Revolut’s plan.
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The Information AM
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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Recent Editions
Australian Stock Exchange Scraps Blockchain Project
The planned ASX blockchain integration would have been a high-profile use case of the technology by a financial giant.
Andreessen Horowitz’s Jordan Steps Back
The Airbnb and Instacart backer will no longer actively pursue new investments.
Blue Origin Wins $3.4 Billion NASA Moon Mission Contract
The lunar lander is scheduled to launch in 2029.
Samsung Decides Not to Replace Google With Bing as Default Search on Phones: Report
The decision marks a blow to Microsoft, which has been eyeing default deals to grow market share.
Top Advertising Firm Removes ‘High Risk’ Label From Twitter
WPP-owned GroupM, the world's largest ad-buying agency, is warming up to Twitter after Musk hired NBCU's Linda Yaccarino to be its new CEO.
Morgan Stanley CEO Gorman to Step Down Within a Year
Internal candidates Ted Pick, Andy Saperstein and Dan Simkowitz are the most likely to potentially succeed the longtime Wall Street CEO.
Supreme Court Sides With Tech Companies in Liability Cases
The Supreme Court ruled that Google, Facebook and Twitter couldn’t be held liable for hosting content from an extremist group known as ISIS.
Apple Restricts Internal Use of ChatGPT
The move raises questions about how AI services will be able to maintain confidentiality while also getting the crucial feedback they need to operate.
Lazard CEO Ken Jacobs Expected to Step Down
Longtime executive expected to be replaced by Peter Orszag
Snowflake Nears Acquisition of Search Startup Neeva
Snowflake appears to be approaching the finish line on its acquisition of Neeva, a search startup founded by former Google executives.
OpenAI Launches ChatGPT App for Apple iOS
OpenAI's new iOS app could drive more usage of its ChatGPT chatbot service, and an Android version is on the way.
Flexport Hires Uber Executive to Run New Truck Brokerage
Flexport CEO Dave Clark said the company is not looking to make another acquisition to boost its trucking capacity
Startup Skyflow Brings Encryption to Generative AI
Skyflow, which helps customers keep sensitive data private, is adjusting to the new world of generative AI with a new encryption-powered service.
Startup Aviatrix Targets AWS, Palo Alto Networks With New Service
Aviatrix says its service can help customers avoid hefty networking bandwidth charges when running cloud applications.
YouTube Says Revenue Rose to $40 Billion, Boosted by Subscriptions
YouTube’s new CEO says the company has seen continued gains in its paid subscription products.
Apple’s Headset Budget Exceeds $1 Billion a Year
The risky and expensive new mixed reality headset even has some senior Apple executives keeping their distance from it.
Walmart Raises Revenue Guidance As Downturn Draws Bargain Hunters
The retail giant’s online sales jumped 27% as its members placed more pickup and delivery orders.
Alibaba Aims to Spin Off Cloud Business Within 12 Months
The move comes after Alibaba in March announced plans to split into six business units, with each unit exploring its own initial public offering.
Theranos Founder Elizabeth Holmes Ordered to Prison
The court also ordered Holmes and ex-COO Balwani to pay $452 million to victims.
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
