Paramount Enters Into Exclusivity Talks With Ellison’s SkyDance
Skydance's offer may leave Paramount as a publicly traded company, whereas Apollo is reportedly offering to buy all of the company.
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Recent Editions
Peltz Loses Disney Board Contest
Peltz had strongly criticized Disney's track record over the past few years and argued that the board was too close to CEO Bob Iger.
AI Startups Dominate Y Combinator Winter Batch
The winter batch of startup accelerator Y Combinator includes roughly 130 artificial intelligence companies.
Spotify Is Planning to Raise Prices in the US and Other Markets
Spotify will increase prices in the U.K., U.S., Australia, Pakistan, and a few other countries over the next few months.
Amazon Web Services Lays Off Hundreds of Physical Stores Tech, Sales Staff
The cuts in physical retail tech come one day after The Information reported that Amazon plans to remove its Just Walk Out checkout technology from many of its grocery stores.
Biden Discussed TikTok With Chinese President Xi During Call
Biden's conversation with Xi comes as a U.S. bill is trying to force TikTok to cut ties with its Chinese parent company ByteDance or be banned.
Intel Shares Drop After It Disclosed $7 Billion Loss From Chip Manufacturing Unit
CEO Pat Gelsinger wants the foundry business to make chips for other companies, not just Intel.
Jon Stewart Says Apple Didn’t Want Him to Interview FTC Chair Lina Khan
Khan has led an aggressive push to curb the power of tech companies since she took the reins of the FTC in 2021, part of a broader Biden administration effort also involving the Justice Department.
Slack’s Chief Product Officer Steps Down
Several other longtime Slack executives have left the company since December 2022, including Slack’s co-founder and former CEO, Stewart Butterfield.
Twitch Has ‘Role to Play’ in Training Amazon AI, Executive Says
Twitch Chief Monetization Officer Mike Minton said Google’s licensing of Reddit data shows that social content can be useful for training AI.
Silver Lake Confirms Endeavor Buyout
The buyout ends a disappointing time on the public market for Endeavor, which went public three years ago at a price of $24 a share, just $3.50 below the buyout price.
Tesla Car Production and Deliveries Decline
Tesla’s first quarter production and delivery numbers mark the end of an era of growth.
Meta Set to Lose Engineering Manager Who Worked on Llama 2
Robert Stojnic has told colleagues he plans to leave the company, according to two people told of his plans.
Tiger Global Closes $2.2 Billion Fund, 63% Lower Than Target
Tiger Global Management has raised $2.2 billion for its latest venture fund, according to a person briefed on the fund’s close.
Google Will Delete Billions of Records as Part of Chrome ‘Incognito’ Settlement
Google will also rewrite its disclosures around Incognito mode to clarify that it continues to collect users’ data even when they are using the feature.
Lightspeed, Greylock Would Be Big Winners from Rubrik IPO
The stakes would provide the venture capital firms with a rare win for enterprise software-focused VCs in recent years, which has had a dearth of public listings for such firms
OpenAI Removes Altman as Owner of Startup Fund
Sam Altman no longer controls the OpenAI Startup Fund, the venture arm of the ChatGPT maker that invests in startups, according to new securities filings
Microsoft to Separate Office, Teams Products Globally as Regulatory Pressure Mounts
Companies who previously got Teams for free with their Office subscriptions will now have to pay an additional $5.25 per user per month.
Microsoft Breaks Ground on New Data Center For OpenAI Supercomputer
The new data center is phase 4 out of five phases the companies have discussed for launching supercomputers.
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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