Microsoft Product Chief Panay Resigns, Said to Take Job at Amazon
Panay oversaw the development of Microsoft’s Surface tablet and, more recently, ran the Windows business.
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Klaviyo Boosts IPO Valuation Target to Around $9 Billion
The increase follows Arm’s strong debut last week.
SoftBank Seeks Deals to Invest in OpenAI or Other AI Firms
The successful initial public offering of SoftBank-owned chip designer Arm is enabling the Japanese investment firm to become more aggressive.
Y Combinator Leaders Feud With Fellow Accelerator Chief
Over the weekend, leaders from two startup accelerator programs argued online.
ByteDance, CFIUS Reportedly Resume Negotiations
The new talks center on the progress the company has made to implement Project Texas, The Washington Post reported.
Instacart Raises Valuation Target to Nearly $10 Billion
An updated IPO filing shows that the company plans to price its shares between $28 and $30, translating to a fully-diluted equity value of $9.3 billion to $9.9 billion.
Flexport Revenue Drop Showed Extent of Freight Slowdown
The venture-backed startup also burned through cash.
Adobe Forecasts 10% Sales Growth, Releases Firefly More Widely
The company has been integrating generative AI into several of its flagship products, such as Photoshop.
Microsoft to Host Some Oracle Servers to Speed Customers’ AI Development
The agreement is exclusive, making Microsoft the only other cloud provider to host Oracle Database.
Arm Stock Price Pops By Nearly One-Quarter After First Trading Day
The share price Arm Holdings ended Thursday at $63.59, up nearly 25% above the initial public offering price, a strong early sign for the tech listing market overall.
Elon Musk’s X Hires Four Former TV and Advertising Executives
The new hires are all former colleagues of X CEO Linda Yaccarino from her days at NBCUniversal and Turner.
Arm Prices IPO at $51 a Share
Arm's listing will be followed soon by Instacart and Klaviyo. If things go well, the IPO market could pick up.
Google Lays Off Hundreds of Recruiters
Google has pared down some teams since cutting 12,000 employees in January.
Amazon Adds Ex-Intuit CEO to Board
Brad D. Smith served as Intuit’s CEO from 2008 to 2019 and its executive chairman from 2019 until 2022.
SpaceX’s Starlink Generated $1.4 Billion in 2022 Revenue
Starlink revenues have surged since 2021.
European Union Launches Probe Into China’s Subsidies for Electric Cars
Europe's anti-subsidy probe comes at a time when Chinese electric car makers are stepping up their efforts to expand globally.
Microsoft Tried—Again—to Buy Yahoo Before Apollo Won the Deal
Years after its $45 billion offer to buy Yahoo was rebuffed, Microsoft was the runner up to land Yahoo in 2021.
Apple Unveils iPhone 15 and New Watch Models, Emphasizing Sustainability
The Apple Watch Series 9 is the company’s first carbon-neutral product.
Google Pays More Than $10 Billion a Year For Search Deals, Lower Than Previously Estimated
That figure is lower than the $15 billion or $20 billion some analysts estimated Google paid Apple for default status.
Deel Updates Terms of Service to Prohibit Ponzi Schemes
Deel had become a popular payment provider for dozens of websites that charge investors to enter simulated trading contests.
Weekday mornings
The Information AM by The Information Staff
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