Sequoia’s Michael Moritz Calls for Biden to Drop Out
The billionaire joins a growing chorus of calls for Biden to leave the race because of growing concerns about his health.
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Key Flexport Fulfillment Exec Is Departing
Parisa Sadrzadeh was one of several executives hired by former CEO Dave Clark.
Messari CEO Steps Down After ‘Civil War,’ Anti-Immigration Tweets
Ryan Selkis resigns after a series of tweets attacking opponents of Donald Trump.
Crowdstrike Flaw Causes Global IT Outage, Disrupting Banks, Airlines, Broadcasters
The outage due to a faulty update by cybersecurity firm CrowdStrike caused Windows computers around the world to crash.
Zuckerberg Calls Donald Trump’s Reaction to Shooting ‘Badass’
Zuckerberg said in an interview with Bloomberg that he wouldn't endorse either Trump or President Joe Biden.
Crypto Trading Firm Wintermute in Talks to Raise From Tencent
Wintermute could be valued at about $2 billion in new round
Broadcom Shares Rise 3% After Report On OpenAI Chip Talks
The new chip could fit into a broader plan by OpenAI's CEO to boost AI server availability.
Top Netflix Ad Exec Peter Naylor to Exit
Naylor, alongside Netflix's former ad sales chief Jeremi Gorman, were poached by the streaming giant from Snap in 2022 to build its nascent ad business.
Netflix Forecasts Revenue Slowdown in Q3 After Faster Growth in Q2
The growth boost provided by Netflix's year-long effort to crack down on people sharing other subscribers' accounts is petering out.
OpenAI Launches ‘Mini’ Version of Flagship AI Model
The announcement comes two months after the startup announced its flagship GPT-4o model.
Altimeter Raises $553 Million for VC Investments
The fundraising follows large VC funds raised by Index Ventures and others.
Meta Explores Investment in European Eyewear Giant EssilorLuxottica
The talks come as Meta and EssilorLuxottica try to hash out their latest agreement.
Warner Bros. Discovery Considers Splitting in Two
WBD is contemplating carving off its declining TV networks businesses from its streaming and studio operations.
Meta to Withhold Multimodal Models from EU
The company said the decision was "due to the unpredictable nature of the European regulatory environment."
Chip Stocks Fall On Report That Biden is Considering Tougher China Trade Rules
Bloomberg reported that some U.S. allies—who have already halted some shipments of chip equipment to China—view the threats of an escalation as “draconian.”
Anthropic, Menlo Ventures Launch $100 Million Fund to Back AI Startups
The capital for the fund comes from the $1.35 billion vehicle Menlo Ventures raised last November.
GitLab Explores Sale, Shares Jump 7%
GitLab shares rose more than 7% Wednesday, giving it a market capitalization of roughly $8.6 billion.
Grayscale Launches AI-Focused Crypto Fund
The fund will invest in artificial intelligence-focused tokens
Ad Giant GroupM Names New Global CEO
WPP's GroupM, the world's largest ad-buying firm which controls more than $60 billion in annual ad spending, has named Brian Lesser as its new global CEO.
NBA Moves One Step Closer to $76 Billion Sports Rights Package
NBA owners have approved a new rights deals with Disney, Comcast and Amazon. Existing broadcast partner Warner Bros. Discovery is now on the clock to match.
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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