NY Times Spent $7.6 Million Fighting AI Lawsuit In First Nine Months
The Times reported 7% higher revenues, lifted by growing digital subscribers.
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Recent Editions
Robotics Startup Physical Intelligence Raises $400 Million
The round was co-led by Jeff Bezos, Thrive Capital and Lux Capital.
U.S. Regulators Block AWS Nuclear Power Deal
AWS planned to buy up to 1 gigawatt of power from Talen Energy, which owns a nuclear power plant located in Luzerne County, Pa., to power several data centers.
Latest Okta Security Flaw Allowed Logins Without Passwords
Okta, which has had several major cybersecurity issues in recent years, tells customers it has fixed one that could have allowed logins without passwords.
Microsoft Plans to Spend $10 Billion on CoreWeave Servers Through 2030
CoreWeave is planning to file confidentiality for an initial public offering by December.
UBS Launches First Investment Fund on Ethereum Blockchain
UBS Asset Management is the latest entrant in tokenized funds, following BlackRock and Franklin Templeton.
Marc Benioff In Talks to Sell Time Magazine
Benioff and his wife, Lynne, bought the magazine from Meredith Corp. in 2018 for $190 million.
UAE Fund MGX Has Held Talks to Invest in Musk’s XAI
MGX, backed by Mubadala Investment Co. and G42, has also invested in OpenAI.
Chinese Researchers Built Military-Use AI Model on Meta’s Llama
There are growing concerns in Washington about how U.S. technologies could help China expand its military and intelligence capabilities.
Amazon Plans Capex Increase to Over $75 Billion Next Year
The company reported a record $22.6 billion in capital expenditures in the third quarter, up more than 80% year-over-year.
JPMorgan Fined $151 Million For Conflicts and Disclosure Failures
The civil penalty for five separate actions related to failures in the bank’s securities and investment management subsidiaries.
Tether Says Quarterly Profit Jumped to $2.5 Billion
Stablecoin issuer benefits from rising market circulation
Apple Lifts Revenue 6% on Stronger iPhone Sales
The quarter's iPhone sales growth was double that of a year ago, despite the perception that the iPhone 16 series has lagged sales of previous versions.
Intel Reports $16.6 Billion Loss Amid Restructuring
Results come amid Intel's cost-cutting efforts, which include cutting some 15,000 jobs and slashing marketing and R&D spending.
Amazon Web Services Reports Steady Growth
Amazon shares rose 5% in after-hours trading on Thursday.
Waymo Fetches $45 Billion Valuation and Grows Market Share
Waymo, a unit of Alphabet that makes self-driving cars, was valued at $45 billion by investors in its latest financing.
OpenAI’s ChatGPT Adds Search Features in Challenge to Google
OpenAI teased the search capabilities in July with its SearchGPT product.
Microsoft CEO Nadella Hires Ex-Lacework CEO and Facebook Engineering Exec
Parikh most recently led Lacework, which sold to Fortinet for around $200 million in August.
Comcast Considers Spinning Off Cable Networks
Comcast's disclosure highlights how all the major TV companies are rethinking the position of cable channels in their portfolios.
DoorDash Strikes Marketing Partnership with Lyft
Customers of DoorDash and Lyft can get discounts on each other's services, an effort by the companies to better compete with Uber.
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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