Rent the Runway Shares Jump As It Projects Return to Revenue Growth
The company said it would boost margins by selling more secondhand items in addition to renting them.
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Recent Editions
Four Paramount Board Members to Step Down Amid Merger Talks
Three of the board members are on a special committee tasked with finding the best possible deal for Paramount, which is in merger talks with Skydance.
ByteDance Recorded Higher Profitability in 2023
ByteDance's business has performed well over the past year despite all the geopolitical headwinds facing TikTok in the U.S.
Google Launches Enterprise Video-Creation App
Vids is one of several additions to Workspace that Google unveiled at its annual cloud computing conference.
Google Cloud Unveils Homegrown Server Chip
The announcement makes Google Cloud the last major cloud provider to launch a custom central processing unit.
Microsoft to Spend $2.9 Billion on Japan Data Centers Amid AI Push
Microsoft is bulking up its AI infrastructure worldwide to support the high compute needs that AI applications require.
Mitch McConnell Backs House TikTok Bill
McConnell’s support of the bill, which breaks with former president Donald Trump’s opposition to it, could help restart legislative action on the bill.
TikTok To Test New Photo App
TikTok could soon test a new app for posting photos, similar to Instagram.
JPMorgan’s Dimon Compares AI Impact to Printing Press
JPMorgan CEO is “completely convinced” AI will transform society.
DHS Announces Crackdown on Trade ‘Loophole’ Popularized by Shein, Temu
The government agency said it would increase package screenings and audits of overseas facilities.
Microsoft Announces London AI Hub Overseen by Suleyman
The new hub is an early sign of how Suleyman plans to reshape Microsoft’s consumer AI business.
TSMC Receives $6.6 Billion U.S. Funding for Arizona Chip Plant
The funding for TSMC's U.S. plant is part of Washington's effort to lessen reliance on foreign chip manufacturing facilities.
Snap Turns Off “Solar System” Friend Ranking Feature by Default, Following Concerns
The Information first reported on the feature, citing interviews with eight young Snapchat+ users who said that Solar System heightened feelings of insecurity.
Musk Defies Brazilian Court on Account Blocks
It's not the first time Brazil has ordered X, previously known as Twitter, and other social media accounts to block accounts.
SkyDance’s Bid for Paramount Includes Backing From Larry Ellison
Under the deal being negotiated, the Redstone family will get bought out for cash but other shareholders in Paramount Global will keep their shares.
Investors Seek $3 billion for Musk’s xAI at $18 billion Valuation
Longtime Musk investors Gigafund and Steve Jurvetson are reportedly looking to invest
Musk Says Tesla Will Present Its New Robotaxi in August
His announcement follows a Reuters report that Tesla had canceled plans for its $25,000 car
Instagram Revenues Revealed in Court Filings
FTC lawsuit shows the importance of photo-sharing app to Meta’s overall business.
Tesla’s Plans for $25,000 Car In Question Following Report and Musk Denial
The low-cost car was central to Elon Musk’s goals to sell 20 million cars in 2030.
YouTube Says OpenAI’s Use of Its Videos Would Violate Terms
OpenAI chief technology officer Mira Murati said last month that she didn’t know whether the company's video-generating AI model was trained on YouTube data.
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