Car-Sharing Service Getaround Closes U.S. Operations
The Softbank-backed company said it would focus on Europe
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Recent Editions
Airbnb Revenue, Bookings Accelerate
The rental company warned foreign exchange rates would hurt the daily rate hosts charge for rentals.
Google, Apple Restore TikTok to App Store
Google and Apple have brought TikTok back to their app stores nearly a month after removing it following a congressional ban
Coinbase Revenue, Profit Surge After U.S. Election Rally
Retail trading volume still lagged prior peak level in fourth quarter 2021.
Arm to Launch Its Server Chip With Meta Platforms This Year
Arm's entry to first-party server chips could put it into competition with some of its biggest customers, and a potential SoftBank acquisition looms large.
SAP to Resell Databricks Software in New Joint Offering
Databricks said it is projecting to bring in $1 billion of new revenue from the partnership in the next five years.
Publishers Sue Cohere Over Copyright Infringement
The lawsuit comes a couple of days after Thomson Reuters won a copyright infringement lawsuit against AI firm Ross Intelligence.
Apple Continues to Work with Baidu on AI Features for iPhone in China
Apple is hedging its bets by working with different partners in China
Musk to Withdraw OpenAI Bid if Board Halts For-Profit Conversion
Musk’s $97.4 billion takeover bid came after his monthslong fight to block OpenAI’s proposed conversion.
Alibaba Chairman Confirms Apple Intelligence Partnership in China
Joe Tsai confirmed an earlier report by The Information that it’s working with Apple to release AI features for the iPhone in China
Self-Driving Truck Company Aurora to Start Reporting Revenue
The company, which went public via SPAC in 2021, is planning a commercial launch this April.
Reddit Posts 71% Growth in Revenue
Reddit stock dropped 15% in after hours trading, likely reflecting concerns about slowing user growth.
Trump Taps Andreessen Horowitz’s Brian Quintenz to Lead CFTC
If confirmed, Andreessen Horowitz's crypto policy head will return to the top derivatives regulator.
AppLovin Shares Jump 30% As Ad Revenue Surges
The mobile gaming giant is still in the early stages of signing up e-commerce sellers for its ad business.
Robinhood’s Crypto Business Powers Revenue Surge
Crypto trading revenue in the quarter jumped over 700% from a year ago.
Shein, Temu Sales Fell After Trump Shut China Trade ‘Loophole’
The White House’s abrupt move sent direct-from-China sellers scrambling.
Olipop Boosts Valuation to $1.85 Billion in New Funding Round
The trendy soda brand will use the funding for product development and expanding distribution.
Alibaba Shares Jump 8.5% in Hong Kong on Apple Partnership
Apple needs a local partner in order to launch AI features for iPhone users in China.
Nvidia Challenger Raises $11 Million From Valor Equity, Atreides, Others
Valor and Atreides have invested in companies started by Elon Musk and this week joined his bid for the assets of OpenAI’s nonprofit.
Lyft Shares Sink on Tepid First Quarter Forecast
The ride-hailing company blamed winter weather and lower pricing.
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