OpenAI and Jony Ive in Talks to Raise $1 Billion from SoftBank for AI Device
No deal has been agreed upon yet, and it could be several months before a venture is formally announced.
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Musk’s X Cuts Half of Election Integrity Team After Promising to Expand It
The cuts come less than a month after the company said it would expand the team and as X faces renewed criticism from the European Commission over the volume of misinformation on its platform.
Apple Used Bing Search Engine as ‘Bargaining Chip’ with Google, Microsoft Exec Says
Parakhin said that “Apple is making more money on Bing existing than Bing does.”
Meta Rolls Out New AI Products
Meta's new products included Meta AI, an assistant available on Messenger, WhatsApp and Instagram.
Amazon Aggregator Thrasio Hires Restructuring Advisers
The move is the latest sign of distress in the once-hot corner of e-commerce.
Shopify Invests in Wholesale Site Faire
The partnership is the latest deal between Shopify and a startup that works closely with its sellers.
Designer Jony Ive, OpenAI’s Sam Altman Discuss AI Hardware Project
Softbank's Masayoshi Son has been involved in some aspect of the conversation.
Investment Bank Centerview Punishes Bankers for Misconduct
The bank has also been battling with former partner David Handler, whose new firm recently landed the Cisco-Splunk deal.
OpenAI Seeks to Sell Employee Shares For the Second Time This Year
Such a deal would triple the paper valuation of the artificial intelligence developer.
JPMorgan Settles Virgin Islands Epstein Case for $75 Million
The bank also settled a lawsuit against former executive Jes Staley.
FTC Files Long-Awaited Amazon Antitrust Lawsuit
The FTC’s complaint, filed in federal court in Seattle, is targeting both Amazon’s pricing policies and the way it runs its logistics services for sellers.
Microsoft Wants to Reduce OpenAI Reliance By Launching Cheaper AI
Microsoft product teams are already testing out the less expensive models.
Alibaba’s Cainiao Logistics Unit Files for Hong Kong IPO
The Chinese e-commerce giant is spinning off the logistics unit as part of its massive restructuring plan announced in March.
TikTok Grapples With Indonesia’s Crackdown on Social E-Commerce
Indonesia, home to 270 million people, is one of the biggest markets for TikTok Shop, the video app's growing e-commerce business.
Ford Pauses Work on $3.5 Billion EV Battery Plant in Michigan
Ford’s plan for the plant, which would use technology licensed from Chinese battery maker CATL, has faced criticism in Washington from Republicans.
OpenAI’s ChatGPT Will Offer Voice Conversations, Mimicking Siri
The new feature ups the ante against Google's Bard chatbot and makes ChatGPT act more like Apple's Siri.
Outgoing Amazon Devices Chief to Lead Jeff Bezos’ Blue Origin
At Amazon, Limp oversaw Amazon’s nascent satellite internet service, which expects to pay Blue Origin $2.7 billion through 2028.
Amazon Agrees to Invest up to $4 Billion in AI Startup Anthropic
Deal is part of a broader agreement that will see Anthropic shift to AWS and use AWS chips
Writers Guild Reaches Tentative Deal With Studios to End Strike
The dispute, which has shaken the entertainment industry to its core, has implications far beyond Hollywood.
Cybersecurity Venture Firm Cyberstarts Closes $480 Million Fund
The fund will be used to double down on Cyberstart's seed invesments
Weekday mornings
The Information AM by The Information Staff
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