More Layoffs Hit Warner Bros. Discovery
The entertainment giant is reportedly laying off nearly 1,000 employees, primarily across its finance, business affairs and production divisions.
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Marc Andreessen, Ben Horowitz Plan to Donate to Trump PAC
The planned donations by the venture capitalists would add to the number of big-name tech investors and executives that have lined up to support Trump.
Ozy Media Founder Carlos Watson Found Guilty in Fraud Trial
Watson and high-ranking Ozy employees lied about the media startup’s revenue, a federal jury found.
OpenAI Cofounder Karpathy Launches AI Education Startup
Andrej Karpathy left OpenAI, which he cofounded, in February.
Musk Says X and SpaceX Will Move Headquarters to Texas
The billionaire said the moves were prompted by a California law related to transgender children.
FTC Seeks More Info From IBM, HashiCorp on Merger
The companies will have to provide additional details to the FTC for an antitrust review, potentially prolonging the takeover.
Goldman Sachs Profit Recovers Amid Investment Banking, Trading Rebound
Goldman Sachs posted a second quarter profit of $3 billion, 2.5 times bigger than the same period last year.
In Unusual Move, Sequoia Offers to Buy Stripe Shares From Its Own Investors
Sequoia is offering to buy Stripe shares from LPs in venture funds it raised between 2009 and 2012.
Musk Confirms Tesla Robotaxi Delay
The Tesla CEO said the delay came after he requested design changes to the vehicle.
Coinbase, Bitcoin Rally on Trump Reelection Odds
Trump has cast himself as a pro-crypto candidate.
Google Has Been in Talks to Acquire Wiz for $23 Billion
Google would likely try to steer Wiz’s customers to also rent Google’s cloud servers.
Elon Musk Endorses Trump for President After Shooting at Rally
The Tesla and SpaceX CEO made his announcement on X after reports of the shooting at a Trump rally in Pennsylvania.
X to Sublease Part of Its San Francisco Headquarters
The company is listing a portion of its office space, raising doubts about X’s future in the city.
SEC Says Crypto Accounting Rule Won’t Apply to Some Banks
The move removes key obstacle for banks to offer crypto-related services
StubHub Delays IPO to After Labor Day
The company has been hoping for a $16.5 billion valuation, but that may be too far of a reach for some investors.
EU AI Act Publication Triggers Enforcement Deadlines
The new law will officially come into effect on August 1.
AT&T Says Hackers Stole Call and Text Records of ‘Nearly All’ Customers
The breach occurred when hackers broke into AT&T’s data stored in Snowflake’s cloud environment.
Meta Platforms To Release Largest Llama 3 Model on July 23
The release will come about a year after the launch of Llama 2.
Dealmaking Revival Boosts JPMorgan, Citi Earnings
A recovery in Wall Street dealmaking has reversed a recent lull in investment banking fees and helped boost earnings at large U.S. banks.
Amazon Rufus Shopping Chatbot Now Available for All U.S. Shoppers
The chatbot can compare products, answer questions about items and summarize customer reviews.
Weekday mornings
The Information AM by The Information Staff
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