IRL Co-Founders Sue SoftBank
Former IRL CEO Abraham Shafi and two of his co-founders alleged SoftBank and two other investors falsely claimed that most of the social media app’s users were fake.
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Recent Editions
SpaceX Considers 2024 Starlink IPO
SpaceX has reportedly moved Starlink’s assets to a fully owned subsidiary in preparation for a spin out.
Tencent’s Third-Quarter Revenue Grows 10% as Ad Sales Recover
Tencent and other Chinese tech giants are trying to bounce back after a tough 2022 when China's harsh Covid-19 lockdowns hurt many domestic businesses.
ByteDance Considers Selling Moonton Videogame Studio
ByteDance's expansion into the videogame industry over the past five years has so far failed to create a new source of revenue growth.
Khosla Ventures Raising $3 Billion in New Funds
The OpenAI-backer is bucking the trend of shrinking fund sizes.
Google CEO Confirms 36% Revenue Split With Apple
The company has never disclosed the amount it pays Apple under their agreement to include Google as the default search engine on its devices.
Europe’s AI Act Talks Hit Potential Impasse
The next AI Act discussion is scheduled for December 6.
Social Media Companies Must Face Child Safety Lawsuits, Judge Rules
The First Amendment and Section 230 of the Communications Decency Act don't protect social media companies from all liability, a federal judge ruled on Tuesday.
Amazon Adds Buy With Prime Features Ahead of Holiday Season
Amazon is offering returns and order tracking for purchases made on other websites.
Wall Street Bonuses Likely to Be Dismal Again, Report Says
Only a handful of bankers and traders will see a bump in compensation from 2022. Many bonuses will be flat or lower, a widely followed report says.
Google Pays Apple 36% of Revenue Under Search Agreement
University of Chicago economist Kevin Murphy on Monday disclosed the number during testimony as a witness.
Coatue-Backed Stash to No Longer Offer Crypto Investing Through Bakkt
Bakkt, one of the few publicly traded crypto companies, has seen its share price fall under $1 in recent days.
Amazon Lays Off 180 Gaming Staffers
It’s the latest example of a big tech firm that made mass layoffs around a year ago doing narrower, more focused cuts, following similar moves by Google and Meta.
Nvidia Unveils New AI Chip, Upping Ante with AMD
Nvidia announced its new H200 chip for training and running AI models at the SC23 supercomputing conference in Denver.
Foresight Ventures Acquires Majority Stake in Crypto News Site The Block
Michael McCaffrey, the former CEO and majority owner of The Block, resigned in December 2022 for taking loans from former FTX CEO Sam Bankman-Fried to help finance a company buyout.
Google in Talks to Invest in Character.AI
The talks come as Google and other cloud computing giants are ramping up their efforts to deepen their partnerships with leading AI startups.
Apple Set to Challenge EU’s Digital Markets Act
Apple also plans to dispute scrutiny on iMessage
Sales Fall on China’s Biggest E-Commerce Shopping Festival
The country’s annual online shopping feast has been a key gauge of consumer sentiment
Meta, Tencent Sign Preliminary Deal to Sell Quest Headset in China
The deal would be the first time Meta has been able to offer a product or service in China after its services were blocked from the country in 2009.
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