Self-Driving Truck Firm Aurora Plans to Burn $4.3 Billion, Confirms SPAC
Another reminder of how expensive self-driving vehicle development can be.
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Recent Editions
U.S. Consumer Safety Agency Sues Amazon Over Hazardous Products
The U.S. Consumer Product Safety Commission seeks to hold Amazon legally responsible for harms caused by products sold on its third-party marketplace.
U.K. Fintech Revolut Valued at $33 Billion After Softbank and Tiger Backing
London-based Revolut raised $800 million in a new funding round led by SoftBank and Tiger Global.
SoftBank Invests $1.7 Billion in South Korean Travel Firm Yanolja
The latest deal comes after SoftBank enjoyed big gains from its previous investment in South Korean e-commerce giant Coupang.
Alibaba and Tencent Consider Opening Up More to Each Other
The potential move by the fierce rivals to open up their platforms to each other to use their services comes amid pressure from China’s antitrust authorities.
Netflix Hires Game Executive
Netflix hired former Facebook and Electronic Arts executive Mike Verdu to lead an expansion into games.
Microsoft Readies Launch of Cloud-Based Windows Service
Running Windows as a cloud service could free companies from the drudgery of having to upgrade to new versions of Windows and apply security updates.
Space Company Momentus and SPAC Fined By SEC for Misleading Investors
The U.S. regulator’s charges could foreshadow tougher rules and due diligence surrounding SPAC deals.
Mobile Phone Sales in China Fell Sharply
Sales of smartphones fell 27% in the second quarter compared to a year ago as users waited longer to upgrade.
Apple Working on Buy Now, Pay Later Service: Report
The new feature would compete with popular services such as Affirm and Klarna.
Solo VC Lachy Groom Raises $250 Million for Third Fund
The fund shows the growing influence of individual venture capitalists, as opposed to traditional VC firms, in winning competitive deals.
VC Investment in Black-Led Startups Quadruples
U.S. startups led by Black entrepreneurs raised $1.8 billion in the first half of the year.
Google Slapped With $590 Million Fine Over News Dispute in France
French authorities accused the search giant of not complying with court orders to negotiate deals with firms for the news that appears in search results.
China Approves Tencent Search Engine Deal After Blocking Game-Streaming Merger
Tencent will take private Sogou, a search engine listed in New York, in a $2 billion deal which China approved just days after blocking Tencent’s merger of two game streaming platforms.
Microsoft to Acquire Cybersecurity Threat Detection Firm RiskIQ
Microsoft's latest cybersecurity acquisition is focused on identifying potential threats before they arrive at customers' doorsteps.
Apple Defeats Antitrust Case Over Login Button
DOJ probe of “Sign in With Apple” could be hampered by the ruling.
TikTok to Require Employees in Offices Three Days a Week
TikTok has told employees they will be expected to come into the office three days a week.
TikTok Owner ByteDance Shelved IPO Talks Amid China’s Data Concerns
ByteDance's decision in late March is yet another indication of how Beijing has been increasing its control over tech companies and their data.
Amid Didi’s Woes, Rivals Seek to Grab Market Share
Online food delivery and travel giant Meituan relaunched a standalone ride hailing app that emphasized users' data privacy.
Walmart’s Flipkart Raises $3.6 Billion as It Battles Amazon in India
The company was valued by investors at $37.6 billion. SoftBank, which had earlier sold its stake to Walmart, came back in as an investor.
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