Flexport’s Ryan Petersen Ousts Dave Clark’s Key Lieutenants
The founder moved swiftly to oust former CEO Clark’s top hires after Clark resigned Wednesday.
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Second X Brand Safety Head Departs in Months
Elyana Thierry's departure, which has not been previously reported, comes as the company continues to struggle with an advertiser exodus, and as X owner Elon Musk publicly feuds with the Anti-Defamation League.
China’s Tencent Debuts AI Model for ChatGPT-Like Apps
China's biggest internet companies and dozens of young local startups are developing their own AI models as they aspire to become the OpenAI of China.
Google Settles U.S. States’ Antitrust Case Over App Store Fees
The proposed settlement would also resolve litigation brought by a group of consumers.
Dave Clark Resigns as Flexport CEO
The longtime Amazon executive joined the company just over a year ago.
Rippling Ends Relationship With Two Prop Trading Firms
The sites, which multiplied in the last two years, charge users to compete in virtual trading challenges. Regulators have alleged one of the biggest fleeced users.
WeWork to Renegotiate Most of its Leases
The company aims to bring down operating costs by shedding and renegotiating certain contracts.
Thoma Bravo Strikes Deal to Take NextGen Healthcare Private
Deal values NextGen at $1.6 billion.
Data Analytics Software Company Alteryx Explores Sale
Shares of the company jumped, but still lagged far behind where it traded earlier this year.
Clubhouse App Shifts to Audio Messaging With Friends
The pivot follows the startup's layoffs of more than half its staff.
EU Designates ‘Gatekeepers’ Under Digital Markets Act
The new rules come into effect next March.
Disney and Comcast Move Up Hulu Sales Talks Date to Sept. 30
Comcast CEO Brian Roberts said Hulu is worth more than the $27.5 billion valuation Disney and Comcast agreed to five years ago. Disney will likely dispute that.
Amazon to Face FTC Antitrust Suit This Month After ‘Last Rites’ Meeting
The FTC’s lawsuit will target several aspects of Amazon’s business, including how it handles pricing on Amazon.com and the way it runs logistics services for sellers.
China Orders Central Government Officials Not to Use iPhones for Work
Apple's continued success in China is crucial, given that worldwide smartphone shipments are declining for the whole industry.
Apple Extends Deal With Chip Designer Arm Through 2040
The revelation suggests Apple has doubled down on Arm's chip designs despite recent advances in free, open-source alternatives such as RISC-V.
China Plans $40B Fund to Support Domestic Chip Industry
The fund comes as U.S. sanctions have curtailed China's access to advanced chips and chip-making equipment.
Warner Bros. Discovery Raises Free Cash Flow Guidance Thanks to Strike Impact
By preventing entertainment companies from making TV shows and movies, the strikes are helping companies generate more cash.
Microsoft and Apple Say Bing and iMessage Aren’t ‘Gatekeepers’ Under EU Law
The new law would require those companies to make their services more interoperable with rivals.
Meta To End Facebook News Tab in European Markets
"We know that people don’t come to Facebook for news and political content," the company said in a blog post.
AI Startup Midjourney Expects $200 Million in Revenue
The startup has just 40 employees and hasn't raised a cent from outside investors.
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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