Amazon’s Healthcare Unit Reportedly Lost $1.3 Billion in 2023
Amazon has long seen healthcare as a potential “fourth pillar” of the company alongside e-commerce, cloud computing and advertising.
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After Delay, OpenAI Releases AI Voice Assistant
OpenAI said in June that the voice-based AI capabilities would be delayed.
Accel-Backed Sennder Buys Part of C.H. Robinson’s Europe Business
The deal will double Sennder’s annual revenue to about $1.5 billion from $750 million, CEO David Nothacker said in an interview.
Federal Safety Regulator Rules Amazon Is Responsible for Product Safety Recalls
The ruling caps years of debate and sets up more potential regulation for online marketplaces.
UAE Canceled U.S. Meeting With G42 After Concerns Raised About China
Microsoft earlier invested $1.5 billion in G42, raising concerns by some U.S. lawmakers that the deal could lead to U.S. technology transfers to China.
Chipmaker TSMC to Begin Construction on First Europe Factory in August
TSMC is responding to pressure from customers and governments to diversify its operations beyond Taiwan to hedge against natural disasters and trade conflicts.
TikTok Plans New Australian Data Center for Asia Pacific Growth
A new data center in Australia could ensure the app has enough computing capacity to power its growth while easing some political pressure in the country.
Canva Buys AI Image Startup to Keep Up with Adobe
Canva said it will use technology from the startup, Leonardo.ai, for an AI product that lets customers generate visuals such as presentation slides.
Musk-Owned X’s Quarterly Revenue Fell 53%: Report
A new report shows that U.S. revenue at social-media platform X dropped by 53% in the second quarter of 2024 compared to one year ago.
Twitch Generated $2 Billion in Revenue in 2023
Twitch remains unprofitable even after two rounds of layoffs since the beginning of 2023, according to the Wall Street Journal.
Apple’s AI Features Won’t be Ready for the Next iPhone Software Update
The delay underscores the short timeline Apple has had to work on its new AI features, which began in early 2023.
China’s Zhipu AI Launches Text-to-Video Model Similar to Sora
China's tech giants and startups are in a race to make their text-to-video AI models widely available to customers.
Justice Department Raises Fresh Concerns About TikTok
The DOJ is weighing in to support the new U.S. law that would force a ban or sale of TikTok, while the app is fighting a legal battle to block the law.
Trump Vows to Fire SEC Chair, Create National Bitcoin Stockpile
Trump continued his courtship of the crypto industry while Harris reportedly tries to ‘reset’ relations with it.
Warner Bros. Discovery Files Lawsuit Against the NBA
The media giant argues that the NBA violated its existing sports rights contract by rejecting its bid to match Amazon's new deal with the league.
Coinbase Adds Three Board Members, Including OpenAI Executive
Chris Lehane, Paul Clement, and Christa Davies are joining the board
Musk Considers $5 Billion Tesla Investment in xAI
Money could potentially help Tesla's self-driving ambitions
OpenAI Announces AI-Powered Search Engine, SearchGPT
The search engine product will only be available for a small group of early testers and publishers for now.
Influencer Beauty Brand Summer Fridays Lands PE Investment
The brand was part of a larger group of beauty startups working with bankers, but dealmaking has been slow this year.
Lawmakers Urge Meta CEO to Delay Closure of CrowdTangle
The tool, which Meta plans to shutter in August, has previously been used to track the spread of election-related misinformation.
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