Fidelity Cuts Valuation on X By Another 4%
Fidelity has cut the value of its stake in X by 72% since Elon Musk bought the company, then known as Twitter, in October 2022.
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Recent Editions
Covariant Founders Will Join Amazon in Latest Acqui-Hire
Amazon said it was hiring Covariant founders Pieter Abbeel, Peter Chen and Rocky Duan and that it was licensing the startup’s robotics foundation models.
Brazil Blocks X After Musk Refuses to Suspend Accounts
The court ruling marks a new escalation in Musk's standoff with the large country.
Meta AI Has More Than 185 Million Weekly Active Users, Zuckerberg Says
The numbers show that Meta AI is catching up to ChatGPT, which OpenAI said Thursday had more than 200 million weekly active users.
Amazon to Use Anthropic AI For New Version of Alexa
Amazon is far from the only big tech company relying on outside technology for major AI features.
Intel Explores Strategic Options to Turn Around Business
Intel and bankers have discussed scenarios including a split of the company's product design and manufacturing operations.
California AI Bill Heads to Gov. Newsom
Newsom hasn't revealed his position on the legislation.
Character.AI Lays Off At Least 5% of Its Staff
The layoffs come four weeks after Google paid Character about $2.7 billion in a licensing fee and rehired its co-founders.
ChatGPT Has 200 Million Weekly Active Users
That's double the number of users OpenAI reported at its developer conference last November.
Meta AI Had At Least 400 Million Monthly Active Users in Early August
In early August, the AI assistant had 40 million daily active users.
Affirm Shares Pop More Than 30% on Profit Outlook
The installment loan provider said this week it expects to hit GAAP profitability in about a year.
Apple, Nvidia Reportedly Discussed Funding OpenAI
The three most valuable technology companies could become shareholders of the ChatGPT maker.
Trump Accuses Mark Zuckerberg of Plotting Against Him in 2020 Election
In a forthcoming book, Trump said the Meta CEO would “spend the rest of his life in prison” if he tried to “cheat” the 2024 election.
Yelp Files Antitrust Suit Against Google
Yelp alleged that Google used its monopoly in search to gain an advantage over competitors like Yelp in the local search business.
California AI Bill Passes Assembly Vote
Business, tech groups urge Calif. Gov. Newsom to veto it.
Salesforce Reports Higher Revenue, Free Cash Flow As CFO Weaver Departs
Salesforce grew revenue by 8% year over year to $9.33 billion in the quarter ended July 31.
Nvidia Reports 122% Revenue Growth, Confirms Chip Delay
Nvidia also confirmed a report from The Information that Nvidia’s forthcoming GPU would face delay.
Telegram CEO Indicted, Ordered to Remain in France
The charges represent a striking move to hold a social media CEO responsible for illicit activities on a platform.
Thrive to Lead Investment in OpenAI at $100 Billion Valuation
Earlier this year, OpenAI completed an employee tender offer also led by Thrive that valued the company at $86 billion.
Google Relaunches AI Image Generation of People, Promising Improvements
Earlier this year, Google restricted the feature following backlash over historically inaccurate results to some queries.
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