Harvard Endowment Posts 9.6% Return in 2024
Harvard Management Company delivered a 9.6% return for its fiscal year ending June 30, 2024
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Google Replaces Search and Ads Chief, Moves Gemini Chatbot to AI Group
The moves give AI chief Demis Hassabis more power.
Baidu CEO: Only 1% of AI Companies Will Emerge as Winners
Baidu, China's biggest search provider, is competing with other tech giants and startups in the country's crowded AI race.
TSMC Lifts Profits 54% on AI Demand
TSMC CEO C.C. Wei cited “one of my key customers” saying demand for AI chips “right now is insane.”
Semiconductor Gear Maker ASML’s Stock Selloff Deepens
Lower-than-expected bookings in the third quarter and a conservative 2025 forecast caused the company’s stock to fall for the second day in a row.
Stripe In Talks to Buy Stablecoin Infrastructure Company
Founded in 2022, Bridge helps companies convert dollars or euros into blockchain-based stablecoins.
Uber Consulted Advisers About Possible Bid For Expedia
Uber has mulled acquiring the travel booking website that its CEO, Dara Khosrowshahi, once led, according to a new report.
Founders Fund to Back Data Center Startup Crusoe Energy
Data center startup Crusoe Energy is raising equity financing from existing investors.
Morgan Stanley Joins Investment Banking Rebound
Wall Street is enjoying a healthier environment for dealmaking and trading.
Amazon Invests in New Nuclear Projects
X-energy, a nuclear developer, said Amazon was an anchor investor in a $500 million fundraising round that also included Citadel’s Ken Griffin and Ares Management.
Trump Says He Won’t Break Up Google
Trump indicated he didn't want to weaken Google given competition the U.S. faces from China.
Bob Lee Murder Trial Begins
The courtroom drama could reignite the debate over crime in San Francisco.
Meta’s Head of People to Depart
Lori Goler will depart Meta next summer, she said in a post on Facebook. Janelle Gale, Meta’s head of human resources, will take over Goler’s role in January.
Stripe Uses Paxos’ Service to Add Crypto Payments for Merchants
Paxos launched a new payments platform to make it easier for merchants to accept stablecoin payments.
Goldman Sachs, BofA Enjoy Investment Banking Boost
Goldman Sachs and Bank of America joined other Wall Street banks in reporting jumps in investment banking and trading revenue for the third quarter.
VC Podcaster Harry Stebbings Raises $400 Million
Stebbings launched his VC firm, 20VC, in 2020.
NY Times Sends Perplexity a Cease and Desist Letter
The letter to Perplexity follows a lawsuit filed by the Times against OpenAI for copyright infringement.
Crusoe Confirms $3.4 Billion Data Center Financing Deal
Crusoe has quickly become one of the most closely watched companies building data centers for AI.
Tesla’s Optimus Robots Were Remotely Controlled at Company Event
Tesla did not disclose the remote operation.
Google Backs Development of Small Nuclear Reactors
Google and the startup, Kairos Power, didn’t disclose the terms of their deal or the potential locations of the plants.
Weekday mornings
The Information AM by The Information Staff
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