Online Marketplace Faire Announces Employee Share Sale At $5.2 Billion Valuation
The company said its sellers would facilitate more than $3 billion in product sales this year.
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Amazon Sells $15 Billion in Bonds
The bond sale follows similar moves by other tech companies, most obviously Meta Platforms earlier this month.
Bezos Founds New AI Startup With Over $6 Billion in Funding
The project marks the first time Bezos has taken on a formal operational role since stepping down as Amazon’s CEO in mid-2021.
Japan’s Sakana AI Worth More Than $2.6 Billion After New Round
The Tokyo-based startup’s backers include U.S. venture capital firms such as Khosla Ventures and New Enterprise Associates.
Alibaba Denies Report That It Helps China’s Military
The Financial Times cited a White House memo that alleged Alibaba shares its customer data with China’s government and military.
Apple CEO Succession Plans Accelerate
Hardware engineering chief John Ternus is expected to take top job
Berkshire Hathaway Takes $4.3 Billion Stake in Alphabet
The investment in Google parent is another tech bet in addition to its big Apple holding.
Elon Musk’s xAI Delays Grok 5 Release to Next Year
XAI has appears to have pushed the Grok 5 release deadline from the end of this year to the first quarter of 2026.
OpenAI Pilots Group Chats in ChatGPT
The group chat capabilities will be available for users in Japan, New Zealand, South Korea and Taiwan.
StubHub Shares Plunge After Earnings
The company didn't give any guidance about the fourth quarter, which may have frustrated investors looking for some idea of what StubHub is seeing so far this quarter.
Walmart CEO to Step Down
John Furner, the current head of Walmart’s U.S. business, will take over the CEO role.
Blue Origin Lands New Glenn Rocket, Deploys Payloads For First Time
Jeff Bezos’ space company achieved major milestones on the second launch of its giant new rocket.
Murati’s Thinking Machines Lab In Talks To Raise Money at $50 Billion Valuation
The talks come just five months after the startup announced its last round at a $10 billion valuation.
Amazon Renames Satellite Internet Effort to Amazon Leo
The effort was previously known as Project Kuiper
Anthropic Says Chinese Spies Used Its AI for Cyberattacks
Anthropic said the hackers succeeded at breaking into targets “in a small number of cases” before the AI startup cut off their access to the tools.
Grayscale IPO Filing Shows Revenue Decline
Crypto asset manager Grayscale seeks to list on NYSE under ticker “GRAY.”
Tesla Working on Support for Apple’s CarPlay in Vehicles
Elon Musk is a frequent public critic of Apple but has also pitched the company on using SpaceX's Starlink.
Google Goes Live With More AI Shopping Features
Shoppers will be able to use AI to call stores and check product availability.
Disney Reports Sharp Slump in Entertainment Profits
Streaming revenues rose 8%, in line with its growth rate of the previous three quarters, but well below where rival Netflix is growing.
Tencent President: Hiring More Top-Notch AI Researchers
In China, Tencent has struggled to compete against Alibaba and ByteDance in AI model development.
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.
By providing your email, you agree to The Information’s Privacy Policy