TikTok Ban Lawsuit Set for Oral Arguments in September
TikTok and the Justice Department have asked for a ruling in the case by Dec. 6, which would give them time to pursue an appeal before the Supreme Court.
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Meta and xAI Have Held Talks to Partner With Character.AI
The discussions, which were held separately, have not resulted in a partnership, according to the Financial Times.
Former OpenAI Safety Leader Joins Rival Anthropic
Former safety leader Jan Leike left OpenAI earlier this month after disagreements with its leadership about how to develop AI safely.
Politician-Turned-Activist Ramaswamy Pursues BuzzFeed
The conservative presidential candidate bought a stake in BuzzFeed earlier this month and wants the company to change strategy.
OpenAI Forms New Committee to Oversee Safety and Security
The company said that it was forming the committee after it recently began training its "next frontier model"
Alibaba’s Global Shopping Site Recruits Beckham as Brand Ambassador
The soccer star will be the face of AliExpress’s campaign tied to the 2024 UEFA European Football Championship
xAI Announces Funding from Andreessen, Saudi Prince Bin Talal
Elon Musk's xAI announced over the weekend that it raised $6 billion from several investors.
China Sets Up Third Fund Worth $47.5 Billion to Support Chip Industry
The newest fund comes as U.S. sanctions have curtailed China’s access to advanced chips and chip manufacturing.
Cloud Startup Grafana Labs Said to Raise Funding at a Flat $6 billion Valuation
Grafana adds to more than $1 billion in growth-stage rounds announced this week.
OpenAI Strikes NDA Policy
The disclosures followed the departure researchers on OpenAI's AI safety team.
TikTok Lays Off Operations and Marketing Employees, Announces New Org Structure
The layoffs are part of a global reorganization at the short-form video app.
Walmart and Capital One End Credit Card Partnership
The retailer had sued to end the partnership last year, alleging Capital One failed to uphold service agreements.
Google to Invest in Walmart-Backed Indian Amazon Rival Flipkart
Google will invest $350 million in Flipkart as part of a Walmart-led $1 billion round valuing the company at $37 billion, according to Reuters.
Meta Mulls Charging for Chatbots, Joining Google, Microsoft
Other companies are charging $20 a month for perks such as the ability to use chatbots within workplace apps like Microsoft Word.
Google AI Search Results Showed ‘Muslim’ Obama and Other Inaccuracies
The company recently said it would show conversational AI answers to all U.S. users.
Snowflake Shares Fall 5% as Revenue Growth Slows Despite AI Push
The company said profit margins would drop by 3 percentage points this year due to its use of pricey Nvidia chips needed to train and run AI models.
Alphabet, Meta Look to Strike Licensing Deals With Hollywood Studios
Alphabet and Meta have reportedly offered Hollywood studios tens of millions of dollars to license content so they can train artificial intelligence that generates video.
U.S. Approves Nasdaq, NYSE Requests to List Ether ETFs
The move is a surprising win for the crypto industry.
BuzzFeed Shares Surge After Vivek Ramaswamy Acquires Stake
Ramaswamy plans to influence on the company’s management and operational strategy.
Weekday mornings
The Information AM by The Information Staff
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