Chamath Palihapitiya’s Social Capital Fires Two Partners
One person familiar with the firings said they were related to a disagreement over an investment in artificial intelligence chip startup Groq
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Recent Editions
EQT Explores Raising New Asia Buyout Fund
The new fund could top its prior fundraising efforts
Amazon Tweaks Customer and Seller Data Sharing Under EU Rules
Amazon is now giving European shoppers the option to share data including their name, contact information and emails with merchants whose items they've already purchased.
Meta Sues Ex-Employee For Stealing Documents To Help Omniva
Dipinder Singh Khurana, who goes by the name T.S. Khurana, worked at Meta for 12 years, most recently as a vice president of infrastructure.
Telegram Nearing Profitability and Considering IPO, Founder Says
The messaging app has 900 million monthly active users, up from 500 million at the beginning of 2021, its founder Pavel Durov said.
Bitcoin Record High Boosts Coinbase, Microstrategy Shares
Shares of several publicly traded firms have been rallying on higher bitcoin prices.
Oracle Stock Jumps 14% on Cloud Demand
CEO Safra Catz said Oracle’s GPU supply is “very good.”
KKR Agrees to Buy Canadian Software Group for $189 million
The take-private falls into KKR’s growing middle-market strategy
China’s State-Run Newspaper Criticizes U.S. TikTok Bill
The state propaganda newspaper’s criticism is a reminder that Beijing likely will have a say in whether a sale of TikTok would be an option for ByteDance.
X to Launch TV App
The launch comes as X seeks to pivot to video and after the company has signed deals with former TV hosts like Don Lemon and Tucker Carlson.
Visa-backed Payments Startup Interswitch Increases Revenue 23%
The payments company is planning to expand into the U.S.
Meghan Markle Speaks About ‘Toxicity’ of Social Media at SXSW
Markle said she received the most negative comments online when she was pregnant.
Biden Backs House Bill to Force TikTok Divestment or Ban
Biden’s endorsement of the bill came hours after former president Donald Trump, who sought to ban TikTok during his presidency, said a TikTok ban would only help Facebook.
Astera Labs Plans $534 Million IPO at $4.5 Billion Valuation
The IPO rides a wave of investor enthusiasm for AI companies.
SpaceX Employee Sues Company Over Handling of Sexual Harassment
The lawsuit comes as SpaceX faces a complaint from the National Labor Relations Board.
Staff at Federal Agency Threaten to Resign Over Possible Appointment of an Effective Altruist
The effective altruism movement has ties to other philosophies like AI doomerism and longtermism.
Reddit Plans IPO for March 21
The company is initially seeking a valuation between $5.5 billion and $6.5 billion, or between $31 and $34 a share, the people said.
Trump Cautions Against Banning TikTok
Trump says he doesn't want to help Facebook by getting rid of TikTok.
Microsoft Says Russian Hackers Stole Source Code, Accessed Internal Systems
Russian hackers stole some customers’ secrets that were contained in emails to Microsoft leaders that the hackers accessed, Microsoft said.
OpenAI Execs Discussed Concerns With Board About Altman Before Firing
The executives, Mira Murati and Ilya Sutskever, say they didn't approach the board to get Altman fired.
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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