Netflix Generated $11 Billion in Q2 as Profits Grow
Netflix said it had an operating margin of 34.1% during the second quarter, as the company focuses on showing investors its revenue and profit growth.
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Uber, Lucid Motors and Nuro to Launch Robotaxis in U.S. Next Year
The three companies’ 20,000 robotaxis will be exclusive to the Uber network
AWS Lays Off Hundreds of Staff Amid Increasing AI Investment
Amazon CEO Andy Jassy said in a companywide memo earlier this month that AI would result in job cuts, and some of the first are affecting Amazon Web Services.
OpenAI Releases ChatGPT ‘Agent’ in Competition with Microsoft
The new agent product will allow users to create and edit spreadsheets and presentations, generate reports and automate tasks using web browsers.
Meta Executives Settle Shareholder Lawsuit Over Privacy
The suit had sought $8 billion in damages.
Thinking Machines Lab Raises $2 Billion at $10 Billion Valuation
The fundraising is one of the largest of its kind for a company that’s five months old.
TSMC Speeds Up Construction of U.S. Plants
The world’s largest chipmaker reported a 66% jump in net income thanks to strong demand for AI chips
AWS Revamps Key AI Service to Spur Agents Business
As AWS battles Google and Microsoft in enterprise AI, it is upgrading its Bedrock service to make it easier for customers to develop agents.
Anthropic Hires Back Two Coding AI Leaders From Cursor Developer Anysphere
In a surprising reversal, two leaders of Anthropic’s coding product who joined rival Anysphere two weeks ago have returned to Anthropic.
Google Sets Aug. 20 for Pixel Event
Google's Pixel has a tiny share of the smartphone market but it gives Google a way to showcase what its Android operating system can do.
Scale AI Lays Off 14% of Staff After Meta Deal
Scale AI laid off 200 employees from its data-labeling business, a month after Meta invested $14.3 billion in the startup.
OpenAI Adding Checkouts to ChatGPT, Taking Cut of Sales
OpenAI and partners including Shopify have been pitching brands on early versions of the feature.
Nvidia CEO says AI Chip Exports Deal Linked to the US-China trade talks
The Nvidia CEO is in Beijing this week, praising China's manufacturing and AI capabilities.
‘We are basically all in on this’: Zuckerberg on AI
In an exclusive for The Information’s TITV, the Meta CEO discussed personal superintelligence—and how Meta’s infrastructure advantage could reshape the race.
Blackstone investing $25 billion in Pennsylvania AI push
Blackstone is working with local utility PPL to build natural gas power generation facilities in the state
Uber and Baidu to Launch Robotaxi Partnership
Baidu’s Apollo Go robotaxis already operate in several Chinese cities
Waymo Hits 100 Million Fully Autonomous Miles
The company is running in five cities with two more locations launching soon
Tesla’s North America Sales Chief Leaves
It’s the latest in a series of major departures at Elon Musk’s companies.
Nvidia Says AI Chips Sales Will Resume in China
The company said it hopes to begin shipments to China soon.
Meta Discusses Developing Closed AI Models
Some leaders, including Meta’s chief AI officer Alexandr Wang, have suggested that the company shouldn’t open-source its best models.
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