Anthropic Reportedly Projected To Reach $1 Billion in Annualized Revenue This Year
The startup told investors earlier this year that it believed it could reach $800 million in annualized revenue by the end of the year.
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Gemini Now Included in Google Workspace Subscription
The chatbot previously cost at least $20 per user per month. The free feature should boost use of the chatbot, a rival to ChatGPT.
Stitch Fix Warns of Revenue Slump Through 2026
The online styling service’s revenue has dropped for three straight years.
Caroline Ellison Sentenced to 2 Years in Prison in FTX Case
The former Alameda Research executive was also ordered to forfeit money and can serve at a minimum-security facility.
Google CEO Says AI Makes Sustainability Goals ‘Challenging’
Speaking at a Carnegie Mellon University event last week, Sundar Pichai said Google made a commitment to operate with carbon-free energy by 2030, but that goal was set before the “current AI moment.”
DOJ Accuses Visa of Debit Card Monopoly
Visa allegedly used its dominant market power to stifle competitors and illegally monopolize debit card payments.
Blackstone, Vista Take Smartsheet Private for $8.4 Billion
The pending acquisition indicates that a lull in activity for buyout firms could soon ease.
TikTok to Shut Down Its Spotify Competitor
TikTok is shutting down its music streaming service TikTok Music in November.
Microsoft to Spend $1.3 Billion in Mexico on Data Centers, AI
The announcement follows Microsoft’s disclosure of similar multibillion-dollar plans for new data centers across the globe in recent months.
Telegram Will Share User Info with Legal Authorities
The latest policy changes follow the arrest of CEO Pavel Durov.
Musk Intends to Let Blocked Users See Posts on X
The features are holdovers from Twitter’s anti-harassment efforts.
Microsoft Says 34,000 Engineers Are Working on Security After U.S. Government Criticism
The changes come after the US said a recent breach of Microsoft’s systems by Chinese hackers was the result of Microsoft’s “avoidable errors.”
Anthropic Discusses New Funding at $40 Billion Valuation
Anthropic may end up using an investment bank to help broker the round.
Coinbase Hires Citadel Securities General Counsel for Legal Team
Ryan VanGrack joins as vice president of litigation at the crypto exchange
U.S. to Propose Rules Banning Chinese Vehicle Software
The Biden administration had probed national security risks for connected vehicles.
Zoom to Scale Back Employee Stock Grants
Zoom's announcement follows similar moves by enterprise software firms Salesforce and Workday
Qualcomm Approached Intel About a Takeover
The approach follows Intel’s statements that it was looking at numerous options to turn around its flagging chip design business and money-losing chip manufacturing unit.
Microsoft Deal Will Reopen Three Mile Island Nuclear Plant to Power AI
Cloud providers like Microsoft and Amazon are scrambling for power and data centers to handle Nvidia chip servers used to develop and run AI.
Disney Reportedly Will Drop Slack After Data Breach
It’s a blow to Slack owner Salesforce, which featured Disney prominently in announcements at its Dreamforce conference this week.
TikTok’s Global Head of Marketing to Depart
Zenia Mucha, the ex-Disney exec who is running communications, will absorb her role.
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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