VW To Invest Up to $5 billion Into Rivian
Rivian continues to lose money heavily and the VW partnership will give it a cash infusion to strengthen its balance sheet.
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Recent Editions
YouTube Is Reportedly in Talks with Record Labels to License Music for New AI Tools
YouTube is hoping to launch a new AI-based song generator this year. It's offering cash to labels and artists to use their music to train the software.
Jana Partners Takes a Stake in Cybersecurity Firm Rapid7
Thoma Bravo offered to buy Rapid7 last year but the two sides weren't able to agree on a price.
Apple Rejected Proposals to Integrate Meta’s AI Assistant Into Apple Products
Apple chose not to proceed with Meta in part because it doesn’t believe Meta’s privacy practices are stringent enough, Bloomberg reported.
Thrive Capital Invests in Indie Film Studio A24
Thrive Capital founder Josh Kushner will join A24's board of directors.
OpenAI Takes Further Steps to Block Developers’ Access in China
The move comes at a time when the U.S. government has been stepping up its efforts to limit China’s access to advanced U.S. technology.
Waymo’s San Francisco Robotaxi Service Becomes Widely Available
The expansion means that Waymo is getting closer to competing nationwide with Uber and Lyft.
Stability Suppliers to Forgive $400 Million in Bailout
Along with a cash injection, Stability's new investors have arranged for cloud providers to forgive some debt.
Paramount Global Co-CEOs Say They Have Hired Bankers to Sell Some Assets
A few weeks after sales talks with David Ellison's Skydance Media ended, Paramount leaders are moving forward with a plan to cut costs and sell assets.
Redpoint Closes $740 Million Growth-Stage Fund
The investment vehicle, titled Redpoint Omega V, closed three years after Redpoint’s last growth fund.
Europe Says Microsoft Breached Antitrust Rules With Teams Bundling
Microsoft has changed its approach to bundling Teams but the European Commission says the changes aren't sufficient.
Amazon Plans a ChatGPT-Like Consumer Chatbot
The browser-based chatbot will resemble existing chatbots already offered by competitors like OpenAI and Microsoft, according to the report.
Jump Trading Crypto Arm President Kariya Steps Down
Chicago trading firm was major backer of failed TerraUSD project
OpenAI Acquires Collaboration Startup Multi
The acquisition is the ChatGPT-maker's second deal announced in the last week.
European Union Accuses Apple of Breaking New Tech Rules
The move highlights the regulatory challenges Apple and other tech giants face due to the European Union's new Digital Markets Act.
Apple and Meta Discuss Integrating Meta’s AI Assistant on Apple Products
The talks between Apple and Meta show how expansive are likely to be the array of chatbots available through iPhones.
Apple’s AI Features Won’t Be Offered in European Union Because of New Laws
The news is likely to disappoint Apple fans in Europe, but it could also be viewed as a tactic to persuade the E.U. to revise its Digital Markets Act.
Washington Post’s Editor-to-Be Withdraws
Winnett's withdrawal raises questions about the future of Will Lewis at the Jeff Bezos-owned newspaper.
OpenAI Acquires Search, Analytics Startup Rockset
This is the second publicly-announced acquisition in the model developer's history.
Amazon Reportedly Plans Alexa Revamp, New Paid Features
The new “Remarkable Alexa” could include a paid tier that charges users $5 to $10 per month.
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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