John Hegeman Steps Down as Meta’s Chief Revenue Officer
Clara Shih, head of the business AI unit, is also leaving the company
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Meta Wins FTC Antitrust Case
Meta CEO Mark Zuckerberg testified in the case earlier this year.
Microsoft, Nvidia Invest in Anthropic; Anthropic to Spend $30 Billion on Azure
Anthropic’s existing shareholders include Amazon and Google, and it has primarily relied on cloud servers from those two firms to run its models.
Databricks in Talks to Raise Capital at Valuation Above $130 Billion
The possible capital raise reflects investor interest in companies providing cloud software to AI developers.
Larry Summers to Withdraw from Public Roles Over Epstein Links
Summers has been a member of OpenAI’s board of directors since 2023
Exclusive: Murati’s Thinking Machines Aims to Raise Up to $5 Billion
The funding would more than triple the money it's raised.
Online Marketplace Faire Announces Employee Share Sale At $5.2 Billion Valuation
The company said its sellers would facilitate more than $3 billion in product sales this year.
Amazon Sells $15 Billion in Bonds
The bond sale follows similar moves by other tech companies, most obviously Meta Platforms earlier this month.
Bezos Founds New AI Startup With Over $6 Billion in Funding
The project marks the first time Bezos has taken on a formal operational role since stepping down as Amazon’s CEO in mid-2021.
Japan’s Sakana AI Worth More Than $2.6 Billion After New Round
The Tokyo-based startup’s backers include U.S. venture capital firms such as Khosla Ventures and New Enterprise Associates.
Alibaba Denies Report That It Helps China’s Military
The Financial Times cited a White House memo that alleged Alibaba shares its customer data with China’s government and military.
Apple CEO Succession Plans Accelerate
Hardware engineering chief John Ternus is expected to take top job
Berkshire Hathaway Takes $4.3 Billion Stake in Alphabet
The investment in Google parent is another tech bet in addition to its big Apple holding.
Elon Musk’s xAI Delays Grok 5 Release to Next Year
XAI has appears to have pushed the Grok 5 release deadline from the end of this year to the first quarter of 2026.
OpenAI Pilots Group Chats in ChatGPT
The group chat capabilities will be available for users in Japan, New Zealand, South Korea and Taiwan.
StubHub Shares Plunge After Earnings
The company didn't give any guidance about the fourth quarter, which may have frustrated investors looking for some idea of what StubHub is seeing so far this quarter.
Walmart CEO to Step Down
John Furner, the current head of Walmart’s U.S. business, will take over the CEO role.
Blue Origin Lands New Glenn Rocket, Deploys Payloads For First Time
Jeff Bezos’ space company achieved major milestones on the second launch of its giant new rocket.
Murati’s Thinking Machines Lab In Talks To Raise Money at $50 Billion Valuation
The talks come just five months after the startup announced its last round at a $10 billion valuation.
Amazon Renames Satellite Internet Effort to Amazon Leo
The effort was previously known as Project Kuiper
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.
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