Microsoft Denies Interest in Buying AI Startup Adept
Adept has recently talked to other potential buyers about an acquisition including Meta Platforms.
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Nvidia’s Hardware Plan Could Pressure Dell and Other AI Server Makers
Nvidia is trying to develop new lines of revenue and profits.
Apple Suspends Work on Next Generation Vision Pro
The iPhone maker still aims to release a cheaper model for its VR headset by end-2025.
Chinese AI Startups Are Expanding Into U.S. Market
Chinese AI startups are seeking business opportunities overseas, because an escalating price war in China is making it hard for them to make money at home.
Nvidia’s AI Development Service Offers Tech From Chinese Startup
China's top AI startups, facing an escalating price war in their domestic market, are now looking for business opportunities outside China.
Former OpenAI Chief Scientist Sutskever Launches Rival AI Lab
The move comes several weeks after Sutskever officially left OpenAI.
Federal Trade Commission Refers TikTok Complaint to Justice Department
The FTC said that an investigation into TikTok “uncovered reason to believe named defendants are violating or are about to violate the law and that a proceeding is in the public interest.”
EV Maker Fisker Files for Bankruptcy After Running Out of Cash
Company is at least the fifth EV startup to go bankrupt.
Warner Bros. Discovery Hires Ex-Obama Press Secretary as Communications Chief
Robert Gibbs will have his work cut out for him as Warner Bros. Discovery has faced criticism from Hollywood and the sports world over recent business decisions.
China’s Didi Global Pitches U.S. Investors on Potential 2025 Hong Kong IPO
Didi is coming out of two years of seclusion following Beijing's fatal crackdown in 2021
Google Cloud Sales VP DeFeo to Step Down
DeFeo spent 25 years at Microsoft before joining Google in 2020.
Apple Scraps In-House Buy Now, Pay Later Loans
Apple is shutting down its buy now, pay later operations that allowed customers to pay off purchases of up to $1000 in installments.
U.S. Sues Adobe Over Subscription Plans
The U.S. alleges Adobe doesn't clearly disclose subscription plan terms including an early termination fee if customers try to cancel an annual plan early.
TikTok Announces AI Avatars for Advertising
The avatar product allows advertisers to use generative AI to create essentially all aspects of a campaign.
Surgeon General Calls for Warning Labels on Social Media
The Surgeon General said warning labels on tobacco products had changed behavior.
Medical Data Firm Tempus AI Enjoys IPO Pop
Medical data firm Tempus AI, one of the first artificial intelligence-focused companies to go public, saw its shares jump in its stock-market debut Friday.
Musk Pay Package Passes with 72% of Tesla Vote In Final Tally
Shareholders also backed Tesla’s relocation to Texas with 63% of all shares approving the move.
Google Adtech Trial Set For September As Judge Denies Summary Judgment
The decision clears the way for the trial to begin on Sept. 9.
Shein Tries to Downplay Chairman’s “American Company” Comments
The fast-fashion giant is still seeking approval from Chinese regulators for an overseas IPO.
Evolve, Bank for Mercury and Synapse, Hit With Fed Action
Fintech bank Evolve Bank will have to overhaul its risk management, compliance and anti-money laundering controls.
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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