Shopify Says Profitability to Improve After Ditching Logistics Unit
The e-commerce software maker said revenue growth may slow slightly due to logistics sale.
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Hopin Sells Virtual Events Business, CEO Steps Down
Hopin, which emerged as one of the highest-flying venture-backed collaboration startups during the pandemic, is making major changes.
Arm Aims for $60 Billion Valuation in September IPO
Arm's listing will be the most important test for the stagant market for public offerings.
AWS Says 40,000 Customers Use Homegrown Graviton Chips
The cloud provider has not previously disclosed how many customers use its in-house server chips.
Amazon Looks to Revamp Lagging Grocery Business
Amazon is deemphasizing its Just Walk Out system, which still requires a large number of humans behind the scenes who manually review camera footage.
AMD CEO: Forthcoming MI300 Chip Could Boost Data Center Revenue
Nvidia doesn't have much competition these days, but AMD's new MI300 chip could change that when it hits the market next year.
Amazon Taps Alexa Exec to Run Artificial General Intelligence Team
Rohit Prasad’s new role reveals Amazon’s lofty ambition to compete with Microsoft-based OpenAI in creating a system capable of AGI.
Pinterest Says AI Recommendations Keep Users on Site
User growth was flat from last quarter, but Pinterest said existing users are spending more time on its site.
Elon Musk’s X Sues Nonprofit that Researched Hate Speech on Platform
The lawsuit claims that the nonprofit’s research on hate speech has cost Twitter tens of millions of dollars in advertising revenue.
Vice Media Loses Top Editors Following Post-Bankruptcy Sale
Senior Vice editorial leaders are leaving the company a day after it closed its post-bankruptcy sale to former lenders.
Blue Owl Capital Leads Loan for $6.5 Billion New Relic Buyout
Financing was mostly done by non-bank direct lenders
Google Cuts Assistant Staff in Generative AI Reboot
Google has reorganized some of the teams that build its Assistant virtual assistant app, in the latest sign of a strategic shift around that product.
Amazon Touts Same-Day Delivery Expansion
The current emphasis on same-day deliveries shows Amazon still sees fast deliveries as a way to differentiate itself from rivals.
New Relic Gets Its Private Equity Takeover After All
After on-again off-again deal talks, the software company strikes a deal to be bought for $6.5 billion
Biden Plans to Sign Order in August to Limit U.S. Tech Investment in China
The timing of the order, which would focus on semiconductors, artificial intelligence and quantum computing, is now slated for the second week of August.
Walmart Buys Flipkart Shares From Tiger Global
Walmart tightens its grip on the Indian commerce site.
Musk Replaces Twitter Sign, App Logo With ‘X’
Owner Musk has pledged to "bid adieu to the Twitter brand" as he remakes the service into his vision of an everything app.
Goldman Sachs Loses Asset Management CIO Salisbury to Sixth Street
Departure is the latest in a string of veteran exits.
Sequoia Capital Reduces Size of Existing Crypto and ‘Ecosystem’ Funds
The move is a sign of how venture capital firms are changing their strategy.
Facebook’s Sway Over Users’ Political Beliefs Challenged by Studies
Four new studies conducted experiments on Facebook and Instagram that suggest the apps don't significantly impact its users political beliefs.
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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