EU Asks YouTube, Snapchat, TikTok For Algorithm Data
The European Commission asked YouTube, Snapchat and TikTok for information on how their apps recommend content to people and how those decisions might impact safety risks.
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OpenAI Raises $6.6 Billion at $157 Billion Valuation
OpenAI has completed its massive fundraising.
Early Generative AI Startup Leader Tome Lays off 31% of Staff
It's the company's second round of layoffs this year.
OpenAI Aims to Buy Employees Shares After For-Profit Conversion, CFO Says
Chief financial officer Sarah Friar told employees that the company was still working through details but would share timing and specifics as soon as it could.
Judge Says FTC’s Antitrust Claims Against Amazon Can Proceed
The judge dismissed some claims brought by state attorneys general relating to alleged state law violations.
Ex-OpenAI VP Zoph Plans New Startup
Zoph’s planned startup, which hasn’t previously been reported, could represent the latest threat to OpenAI’s pool of talented researchers.
Microsoft Adds OpenAI-Powered Voice, Reasoning Features to ChatGPT Rival
The features will be available to subscribers who pay $20 per month for the premium version of Microsoft's chatbot.
FTC’s Amazon Suit Partially Dismissed by Judge
It was not clear which parts of the suit, which alleges a wide range of anticompetitive conduct, had been dismissed.
SoftBank to Invest $500 Million in OpenAI
SoftBank joins lead investor Thrive Capital, Tiger Global Management, Coatue Management and Microsoft in the fundraising.
Cerebras IPO Filing Shows Losses, Customer Concentration
The company aims to take market share from Nvidia.
DirecTV and Dish Plan Merger
DirecTV and Dish have tried a couple of times in the past few decades to merge, only to be blocked by regulators.
Thrive Capital Raises $391.3 Million, Possibly For OpenAI Deal
In March 2023, Thrive similarly raised $744.8 million from investors to back Stripe.
Epic Games Sues Google, Samsung For Allegedly Blocking App Store Competition
The suit alleges that Google and Samsung colluded to launch a feature to lessen the blow of Google’s loss in an earlier Epic Games antitrust case.
California Governor Vetoes Bill to Regulate AI
Gavin Newsom appointed a task force to develop "responsible guardrails" for AI
Ireland Fines Meta €91 Million for Data Privacy Violations
The fine stems from the revelation in 2019 that the company, then known as Facebook, was storing users’ passwords without encryption, possibly allowing employees to read them.
OpenAI Funding Reportedly Nears Close, Projects $11.6 Billion in 2025 Revenue
The news comes after a week of high-profile leadership departures from the ChatGPT maker.
Comcast’s Sky Sues Warner Bros. for Breaching Deal Over Shows Like ‘Harry Potter'
Sky alleges that Warner Bros. has disregarded a 2019 deal that gives it the right to co-produce certain shows like the upcoming "Harry Potter" project.
OpenAI CEO Altman Says Report About Him Getting a 7% Stake Was ‘Ludicrous'
Altman says investors are pushing for him to take equity in the company.
Robinhood, Revolut Reportedly Explore Launching Stablecoins
More companies look to join the stablecoin race as the EU starts to grant licenses
Snowflake Appoints New Head of Engineering
The move highlights how Snowflake's new CEO, Sridhar Ramaswamy, is giving loyalists more power as he shakes things up at the cloud computing company.
Weekday mornings
The Information AM by The Information Staff
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