Marc Lore’s Wonder to Buy Blue Apron for $103 Million
Blue Apron, which went public in 2017 at a valuation of $1.9 billion, had struggled in recent years amid mounting competition from competitors like Hello Fresh and Amazon.
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Recent Editions
X’s Daily Active Users Have Dropped Since Musk Bought Company
The decline in users could complicate Musk and X CEO Linda Yaccarino’s efforts to turn around the company.
Jasper Cuts Internal Valuation, Revenue Projections
Jasper AI CEO Dave Rogenmoser stepped down from the company on Thursday.
Sarah Guo’s VC Firm Purchases AI Chips for Startups
The few VC firms that have acquired access to the in-demand chips are taking on the risk their price will drop.
Microsoft Reportedly Tried to Sell Bing to Apple in 2020
The revelation comes as the Justice Department seeks to prove that Google violated antitrust laws by abusing its dominance over the search market.
France Searched Nvidia Office in ‘Anti-Competitive’ Probe
Nvidia has been leveraging its AI hardware dominance to launch its own cloud services.
Epic Games Sheds 830 Employees, Sells Music and Ad-Tech Businesses
Separately, both Epic and Apple asked the Supreme Court to review lower-court rulings in their antitrust battle.
Y Combinator Laid Off Admissions Team
YC cut a small team overseeing admissions to the accelerator this summer, another indicator that YC's new president is focused on bringing back the old days.
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.
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.
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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