Meta and AI Startup Midjourney Announce Partnership
Meta in recent months has pursued acquisitions, partnerships and licensing deals with other startups working on AI-generated video.
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Recent Editions
Snap Mulls Outside Funding For Spectacles
Snap has been outflanked in spending on augmented reality glasses by bigger rivals such as Meta Platforms.
Apple in Talks With Google to Power Siri Overhaul
Apple will make a decision in several weeks about whether to outsource its AI model
OnlyFans’ Revenue Growth Slows
OnlyFans’ revenue is still growing, but not at the same rapid pace as recent years.
Netskope’s IPO Filing Shows Losses, Steady Sales Growth
Netskope, the latest enterprise software firm to prepare a public offering, showed sales that grew 31% to $171 million in the quarter that ended in July.
TikTok Will Cut U.K. Moderators as It Embraces AI
TikTok is planning to lay off hundreds of staff in London working on content moderation and security as it shifts moderation to AI.
Nvidia Tells Suppliers to Suspend H20 Chip Production
Chinese regulators earlier told local tech companies to stop buying the H20 chips due to alleged security concerns.
Japan Financial Giant SBI Expands Into Tokenized Stock Trading
The move comes amid growing popularity of tokenized stocks among crypto traders around the world.
Musk Talked with Zuckerberg About Bid for OpenAI
Meta argues it should not have to produce documents about the communications.
Crusoe Aims for $10 Billion Valuation in New Round, Buys GPU Startup
The firm wants to use the money to support its growing ambitions to provide cloud computing services.
OpenAI is Using Google Search Data to Power ChatGPT
Other customers of Google search data include Apple, Meta, and Perplexity.
Meta Signs $10 Billion-Plus Cloud Deal With Google
The deal is one of the largest known agreements that Google Cloud has made in the unit’s 17-year history.
Snowflake CEO Downplays Databricks’ $100 Billion Valuation
It doesn't make sense to compare a private company's valuation to that of a public one, Snowflake chief Sridhar Ramaswamy told employees in an all-hands email.
Trump to Appoint Airbnb Co-Founder to be U.S. Chief Design Officer
Joe Gebbia will oversee the improvement of governments websites and physical sites.
Anthropic in Talks to Raise $10 Billion, Double Its Prior Target
The company is discussing increasing its round size after receiving more investor demand.
ESPN Launches New Streaming Service
Available for $29.99 per month, the new streaming service brings all of ESPN's content including its cable TV channels to streaming.
Private Equity Firms Take Control of Rent the Runway
Cofounder and CEO Jenn Hyman is converting her supervoting shares to ordinary voting stock and giving a proxy on her stake to the investors.
Canva Conducts Share Sale at $42 Billion Valuation
The deal allows employees to cash out shares to new and existing investors.
Google Unveils Pixel 10 Lineup, New AI Features
Google unveiled its new lineup of Pixel phones, watches and earbuds on Wednesday, touting new AI capabilities in an event hosted by the comedian Jimmy Fallon.
Former Meta Employee Alleges Ads Misled Advertisers
The Employee Filed a Complaint With the UK’s Central Employment Tribunal
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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