ESPN, Fox and Warner Bros. Call Off Venu Sports Venture
The companies said they are discontinuing operations for Venu, days after they ended litigation with Fubo, a rival service that had sued on antitrust grounds.
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SoftBank and Arm Eye Acquisition of Chip Startup Ampere
Ampere, led by former Intel executive Renée James and valued at $8 billion in 2021, could serve as an important piece of SoftBank's AI strategy.
Amazon Explores More News Specials for Prime Video
Amazon is reportedly in early talks to create more news specials tied to specific events after it aired a U.S. Election Night special hosted by Brian Williams.
Startup Cohere Moves Further Into Enterprise Search
Cohere hasn't generated revenue from its large language models as quickly as rivals, and it's hoping a new enterprise search product will help change that.
Amazon to Sell Ad Tools to Other E-Commerce Sites
A new product will let outside retailers use Amazon’s technology to sell ads throughout their website, including in search results.
Wiz Hires Ex-DreamsWorks Exec as CFO
The hiring of Merchant, who will also serve as the company’s president, puts the company on track for an initial public offering likely by next year.
Frank McCourt’s Project Liberty Submits Formal Offer to Buy TikTok
Billionaire Frank McCourt's Project Liberty said it submitted a formal proposal to acquire TikTok's U.S. assets.
Bluesky Said to Near $700 Million Valuation
The new round comes on the heels of an October funding and a presidential election that prompted a spike in users.
Meta Faces Backlash Over Content Moderation Changes
Meta's employees and European regulators have criticized Meta's changes, while Republican lawmakers have questioned Meta's motivation for making them.
Biden to Issue One Last Set of Restrictions on Nvidia Chip Exports
The move comes as Chinese firms continue to access Nvidia chips despite existing restrictions
Google Cloud Taps Software Veteran for COO Role
In the latest sign of Google Cloud's ascendance in the cloud industry, it now has a full-time chief operating officer overseeing its business.
Microsoft Plans Company-Wide Performance Based Layoffs
The layoffs will be based on performance and will impact less than 1% of employees.
TikTok Shop Competitor Whatnot Boosts Valuation to $5 Billion
The livestreaming e-commerce app is poised for a boost in business if TikTok is banned Jan. 19.
Global Startup Investments Rebound While Number of Deals Fall
AI represents 46% of U.S. deals, or $97 billion
U.K. Parliament Committee Grills Shein and Temu Over Labor Issues
Shein’s “reluctance to answer basic questions” frustrated lawmakers.
Getty Buying Shutterstock for Around $1.35 Billion
The companies said the merger would provide more financial capacity for product investment and innovation.
Anthropic in Talks To Raise Funding at $60 Billion Valuation
The fundraise would more than triple the startup's valuation from around a year ago.
Trump: Emirati Firm to Spend $20 Billion on U.S. Data Centers
He said the first phase of the build out will involve building in Texas and Arizona, as well as several states in the Midwest.
ByteDance Releases Short Drama App Melolo
TikTok's parent company quietly launched a short drama app called Melolo.
Meta Platforms Shifting to Community Notes Fact Checking
Meta is explicitly following in the footsteps of Elon Musk's X, a far-reaching move with implications for the broader social media sector and advertising.
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