OpenAI Rival Cohere Hires Banks to Raise More Money
The move comes as shareholder Tiger Global nears a sale of part of its stake in the startup.
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Amazon and Shopify Strike Buy With Prime Partnership
Shopify executives have grappled with the best way to partner with rival Amazon.
Salesforce Shares Jump 6% as AI Products Boost Revenue Growth
CEO Marc Benioff predicted a “massive tech buying cycle” driven by AI.
DOJ and SEC Probe Tesla Over Glass House
Investigators want to know how Elon Musk personally benefitted at Tesla.
Visa and Mastercard to Raise Fees on Merchants
The card networks earn a significant percentage of their revenue from fees charged to merchants.
Reid Hoffman Will Step Back at Greylock
The LinkedIn co-founder will not serve as a general partner on Greylock's upcoming fund.
Former NYT and BBC Exec Mark Thompson Named CEO of CNN
Mark Thompson, who helped transform the New York Times' business by growing digital subscriptions, is now tasked with turning CNN around.
OpenAI’s Revenue Surges More Than 35 Times
And a major OpenAI customer, Jane Street, woos a veteran AI researcher from Google
Google Launches Cloud AI Services, Chips
Google announced deals with several companies that have close ties to Amazon Web Services.
Court Sides With Grayscale Over SEC in Bitcoin ETF Case
The SEC will have to reconsider Grayscale’s spot bitcoin ETF application after rejecting it last year.
Battery Startup Redwood Materials Raises $1 Billion
The round is co-led by existing investors.
Meta Removes Large-Scale Chinese Influence Campaign
The company removed more than 7,000 Facebook accounts as part of the operation.
Elf Beauty Acquires Naturium For $355 Million
The deal will double Elf’s market share in skin care.
PDD Holdings Net Profit Surges 47% in Second Quarter
The company’s second-quarter earnings bucked weak trends in consumer spending in China.
Japan’s Cybersecurity Office Infiltrated by Chinese Hackers
The revelation highlights the rising tensions between China and the U.S. and allies like Japan over issues such as state-sponsored hacking.
Netflix Hires Another Snap Ad Executive
David Roter is the latest Snap advertising leader to join Netflix.
Amazon Raises Free Shipping Minimum for Non-Prime Customers
It's the latest of several new order minimum policies and fees that Amazon has introduced as it looks to trim delivery costs.
OpenAI Launches ChatGPT For Businesses, Competing with Microsoft
The new product, which will be priced on an ad hoc basis, shows OpenAI’s increasing appetite to sign deals with large enterprises.
SEC Takes First Enforcement Action Against NFT Issuer
The SEC alleged podcast firm Impact Theory sold unregistered securities in the form of NFTs.
Foxconn Founder Terry Gou to Run For Taiwan President
The move is good news for Apple and Taiwan Semiconductor Manufacturing Co. as Gou supports closer ties between Taiwan and China.
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