BNY Head of Digital Assets Caroline Butler Departs
BNY, State Street are among big banks building digital assets-related services.
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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
AppLovin Posts Strong Ad Growth
The advertising company’s business and stock have been on a tear since late last year, when the company began pivoting into ecommerce advertising.
Trump to Rescind Biden’s Global AI Chip Restrictions
Critics of the rules, including Nvidia, said they might encourage foreign companies or governments to use chips made by U.S. adversaries.
OpenAI to Build Data Centers For Other AI Developers Outside U.S.
The move is notable because OpenAI said other companies, not just OpenAI, would use the data center capacity it develops overseas.
Apple ‘Looking At’ Adding AI Search to Safari Browser, Exec Testifies
Apple senior vice president Eddy Cue said that he believed that AI search providers would eventually replace traditional search engines like Google
Meta Discussed Adding Facial Recognition to Smart Glasses
If implemented, facial recognition would be part of a feature internally called “super sensing,” where a device keeps its cameras and sensors turned on and uses AI to remember what a user encounters throughout a day.
Uber’s Delivery Business Drives Higher Profits
CEO Dara Khosrowshahi said that Uber's partnership with Waymo in Austin was proving popular.
Disney Reports Ad Revenue Gains Driven by Live Sports
Disney's ESPN reported a 29% year-over-year increase in ad revenue driven by airing more football games. It will unveil a new ESPN streaming service next week.
OpenAI Plans to Slash Revenue Share to Microsoft After Restructuring
OpenAI’s existing deal is to share 20% of its revenue with Microsoft through 2030
Coatue Courts Individual Investors in New Tech Fund
The fund is anchored by $1 billion in initial investment from Jeff Bezos' and Michael Dell's individual family investment offices.
Former OpenAI and Deepmind Leaders Seek Funding For ‘ChatGPT for Material Science'
The startup was founded two months ago and is seeking a valuation above $1 billion.
AMD Reports 36% Revenue Growth
CEO Lisa Su told analysts that one of the “largest frontier [AI] model developers” is using its chips for its “daily inference traffic.”
ServiceNow, Salesforce Up the Ante in AI Battle
ServiceNow and Salesforce are now rivals in areas like customer management and customer service software, and now each is trying to outdo the other.
Amazon Expands Temu Rival Haul to U.K., Saudi Arabia
The Information first reported that Amazon planned to expand Haul internationally.
Uber and Pony AI to Start Robotaxi Partnership
The companies will launch in a city in the Middle East this year with safety drivers
The Department of Justice Argues for Breakup in Google Adtech Case
A remedies trial for the adtech anti-trust case will happen in September
Supplement Startup Grüns Confirms Fresh Funding, $500 Million Valuation
VC firm Headline is a new investor, and partner Nancy Xiao is now a board member.
Microsoft Unveils New Surface PCs at Lower Price Point
The devices are up to 20% cheaper than the last versions released last year, in part because they rely on smaller chips.
Amazon Adds New Buying Option to iOS Kindle App After Apple Payments Ruling
Until the recent order, Apple rules had restricted app developers from directing users to jump between apps and browsers to make purchases.
Marc Lore’s Food Company Wonder Raises $600 Million at $7 Billion Valuation
The funding brings its total money raised to more than $2 billion.
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