New Opendoor CEO’s Compensation Closely Tied to Stock Recovery
New CEO Kaz Nejatian will receive an annual base salary of $1 and over 80 million potential shares.
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Recent Editions
Temu Looks for U.S. Government Relations Staffers as Rival Shein Retreats from Politics
The move to build a Washington D.C. team would be a dramatic shift for the low-cost seller, which has had virtually no physical presence in the U.S. since launching sales in mid-2022.
Perplexity Finalizes $20 Billion-Valuation Round
The small round increases its valuation 11% from a financing two months ago.
Amazon’s Zoox Launches to Public in Las Vegas
Zoox will accept rides from members of the public in Las Vegas.
Klarna Shares Pop in Long-Awaited IPO
Shares in Klarna rose 15% on the buy now, pay later lender’s first day of trading on the New York Stock Exchange.
Opendoor Names Shopify COO Kaz Nejatian CEO
Nejatian joined the e-commerce software giant in 2019 and was promoted to COO in 2022.
Nebius Aims to Raise $3 billion Following Microsoft Contract
Nebius has said it would fund expenses for the $17.4 billion Microsoft deal through a mix of revenue from the contract and new debt secured by the agreement.
Elon Musk Says Tesla is ‘Struggling’ to Perfect Optimus Robot Hands
Musk’s comments follow a July report by The Information, which said Tesla was lagging far behind its production goals for Optimus due to difficulties with the robot’s hands.
Reddit, People Inc. Back New Content Licensing Model for AI
Real Simple Licensing aims to create open-source software for compensating websites for training AI models
OpenAI Commits to $300 Billion Compute Deal with Oracle
Oracle’s shares surged 35% on Wednesday
Netflix Partners With Amazon’s Advertising Technology
The Trade Desk, Amazon’s biggest ad tech rival, shares dropped 11% on the news
Europe’s Bending Spoons Buys Vimeo for $1.38 Billion
Vimeo's business of selling video creation and distribution tools is threatened by the rise of AI.
Oracle Stock Soars after Projecting Rapid Revenue Growth
Oracle chairman and founder Larry Ellison's 41% stake is now worth $383 billion.
Klarna Prices IPO at $40 a Share
The buy now, pay later lender's stock will start trading Wednesday.
Blockchain-Based Lender Figure Upsizes IPO to $693 Million
Figure and Gemini are two crypto companies gearing up for IPOs.
Oracle Projects Huge Increase in Cloud Revenue Through 2030
The projection sent Oracle shares soaring 20% in after-hours trading.
Apple Announces Its Thinnest iPhone
The iPhone Air begins a period of more aggressive design changes
Microsoft to Pay for Anthropic Models to Power Office 365 Copilot
Microsoft found that Anthropic’s latest models performed better than OpenAI’s on tasks like generating more aesthetically pleasing PowerPoint presentations.
Nvidia Unveils First Chip For AI ‘Inference’
Firms including Cursor, Runway, Fireworks and Together plan to use the upcoming chip.
CoreWeave Starts Venture Arm Offering Funding, Computing Credits
CoreWeave’s approach is similar to how large cloud companies like Google and Microsoft have struck deals with AI developers Anthropic and OpenAI.
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