Exclusive: Growth Wanes at Instacart, Gopuff
Amazon Starts Using Palm Prints for Age Verification at Bars
May 22, 2023 · 9:03 AM PDT
The age verification technology is being launched at two bars at Coors Field in Denver, Colo.
EU Regulators Fine Meta $1.3B Over Data Transfers
May 22, 2023 · 7:22 AM PDT
Meta plans to appeal the ruling.
China Telcos to Stop Buying Micron Products Over National Security
May 21, 2023 · 6:16 PM PDT
The move dials up the conflict between China and the U.S. over technology and comes after the U.S. blacklisted China's Yangtze Memory Technologies last year.
Meta in Talks With Magic Leap Over AR Deal
May 21, 2023 · 7:17 AM PDT
The agreement could help Meta advance its costly plan to build metaverse technologies.
Neeva Shuts Down Search Engine Ahead of Snowflake Deal
May 20, 2023 · 12:47 PM PDT
Neeva's announcement came days after The Information reported Snowflake was in talks to buy the startup.
Blackstone Closes In on Deal for Billboard Operator
May 19, 2023 · 2:33 PM PDT
Deal would value New Tradition at between $500 million and $750 million.
Instagram’s Twitter-Like App Could Be Released Next Month
May 19, 2023 · 2:13 PM PDT
The reported tagline for the app is, “Instagram for your thoughts.”
SoftBank Butts Heads with Revolut Over Plan to Secure Banking License
May 19, 2023 · 2:09 PM PDT
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.
Australian Stock Exchange Scraps Blockchain Project
May 19, 2023 · 1:59 PM PDT
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
May 19, 2023 · 1:38 PM PDT
The Airbnb and Instacart backer will no longer actively pursue new investments.
Blue Origin Wins $3.4 Billion NASA Moon Mission Contract
May 19, 2023 · 10:31 AM PDT
The lunar lander is scheduled to launch in 2029.
Samsung Decides Not to Replace Google With Bing as Default Search on Phones: Report
May 19, 2023 · 9:03 AM PDT
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
May 19, 2023 · 8:14 AM PDT
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
May 19, 2023 · 7:33 AM PDT
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
May 18, 2023 · 5:22 PM PDT
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
May 18, 2023 · 5:15 PM PDT
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
May 18, 2023 · 4:47 PM PDT
Longtime executive expected to be replaced by Peter Orszag
Snowflake Nears Acquisition of Search Startup Neeva
May 18, 2023 · 4:26 PM PDT
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
May 18, 2023 · 3:06 PM PDT
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
May 18, 2023 · 2:19 PM PDT
Flexport CEO Dave Clark said the company is not looking to make another acquisition to boost its trucking capacity
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