Microsoft Plans China Expansion With New Data Centers
Although China comprises less than 2% of Microsoft’s annual revenue, it has made efforts to boost China business with censored versions of Bing and LinkedIn.
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TSMC Leaves World Vulnerable to Chip Supply Shortages
The world's dependence on TSMC underscores how a conflict between Taiwan and mainland China could leave the world vulnerable to a chip shortage.
Credit Suisse Ends Business for SoftBank’s Son After Greensill Collapse
The move is part of Credit Suisse’s efforts to reduce risks after the collapse of SoftBank-backed Greensill Capital dealt a blow to the Swiss Bank.
Startup Fiddler AI Raises $32M for Machine Learning Efforts
The new round shows how investors see big potential in startups that help companies track the performance of machine learning models and how they work.
U.S. Technology Companies Honor Juneteenth With No Meetings, Guest Speakers
More businesses started to celebrate the holiday last year following national protests over racism and police violence.
Google’s Antitrust Woes Grow as EU Steps Up Ad Tech Probe
Google’s advertising business is under scrutiny on at least four continents.
Apple iPhone Glass Supplier May Raise $2 Billion in Hong Kong IPO
Biel Crystal’s planned IPO reflects how Chinese suppliers are willing to work with Apple for low margins to become attractive to investors and other customers.
Meituan Founder Told by Chinese Authorities to Keep Low Profile After Controversial Poem
The founder of the online food delivery and travel app was called in by Chinese officials after posting online an ancient poem seen by many as critical of the government.
Google to Use AMD Chips in Speedy New Cloud Service
Google Cloud hasn't been able to make up much ground on Amazon and Microsoft in the cloud market, but a new AMD chip help change that.
OfferUp Hires New CEO From Booking
OfferUp said Todd Dunlap, a former executive at Booking Holdings and Microsoft, will become the used goods marketplace’s new CEO.
Waymo’s SF Collision Clouds Fresh Fundraising
Hours after announcing that it raised fresh capital from existing investors, one of the AV company’s vehicles hit a person on a motorized scooter.
Elad Gil Leads Anduril’s Latest Fundraise Valuing Company at $4.6 Billion
The round shows the rising influence of solo VC investors.
23andMe Goes Public Via Richard Branson’s SPAC
The genetic testing firm has begun trading on the Nasdaq under the ticker symbol 'ME'.
Chartered Helicopter Service Blade Used Fictitious Spokesperson
Blade’s stock price wasn’t affected by the revelation of the company’s deception.
Fintech Wise to Go Public Via Direct Listing in London
Money transfer company Wise will go public through a direct listing in London, in a boost for the U.K. stock exchange.
ByteDance Tells Employees 2020 Revenue More Than Doubled
This is the first time that closely held ByteDance has shared detailed financial results with its employees.
China Launches Antitrust Probe Into Didi Chuxing Ahead of IPO
A big question is whether such an investigation could result in any changes to Didi's IPO, which bankers say could value the company at $70 billion.
OnlyFans Seeks Billion-Dollar Valuation
The subscription-based social media service has hired an advisor to help identify interested investors.
Amazon Blames Social Media Groups for Fake Reviews
Amazon posted a lengthy blog on Wednesday about a problem that has plagued the internet retailer for ages: fraudulent reviews.
Oracle Shares Dip 5% Amid Data Center Buildout Plans
Oracle's cloud business hasn't yet been big enough to require major capital expenditure on data centers, but that is changing.
Weekday mornings
The Information AM by The Information Staff
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