Sam Altman Tapped JPMorgan Debt Line to Invest in Startups
The line of credit enabled Altman to pursue a prolific side gig as a startup investor.
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The Information AM
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Recent Editions
Microsoft Lays Off Over 1,000 Employees in Cloud, Mixed Reality Groups
Most of the job cuts are within the company’s Strategic Missions and Technologies org, while others are in its Mixed Reality unit.
Bitcoin Investor Michael Saylor Settles Tax Fraud Suit for $40 Million
D.C. Attorney General alleges Saylor faked residence to avoid tax
X Adjust Rules to Allow Porn and Violence
The social media site now explicitly allows Not Safe For Work content, potentially opening the door to new revenue streams.
Former Warner Executive John Rogovin Named ByteDance General Counsel
The former general counsel, Erich Andersen, will focus on TikTok’s legal challenge to the U.S. ban-or-sale law and other regulatory issues in the U.S. and Europe.
Spotify Raises Prices Again
Spotify has now raised prices between 20% and 30% in the past 12 months.
David Ellison’s Skydance Nears Deal to Buy Paramount Global Owner
Last week, Skydance made a new offer to purchase Paramount owner National Amusements, which included cashing out nonvoting Paramount shareholders at a premium.
Microsoft to Spend $3.2 Billion on Data Center in Sweden
The company is in the midst of an unprecedented buildout amid the AI boom.
Shein Nears IPO Filing in London
The China-founded online retailer initially tried to apply for a U.S. listing
Greylock Hires Partner to Invest in Israeli Startups
The hiring represents an increased focus on the country, where it has invested in cybersecurity startups Wiz and Cato.
Washington Post Hires Former WSJ Editor Murray as Executive Editor
The hire is part of a broader shakeup of the Post, under which a British editor will take the reins after the election.
Microsoft Nears Multimillion-Dollar Payment to Settle EU Antitrust Complaint: Report
The settlement would involve a multimillion-dollar payment to the Amazon-backed group.
Biden Vetoes Bill Overturning SEC Crypto Accounting Rule
Bill would have made it easier for banks to custody crypto
Google Cloud Lays Off Some Sales Staff
Google laid off an unspecified number of sales staff at its cloud computing unit this week despite strong quarterly results.
Elon Musk’s X Planning Trump Town Hall
Musk has not endorsed a candidate in the upcoming presidential election, but has said he wouldn’t vote for Biden.
OpenAI Launches ChatGPT for Universities
ChatGPT Edu could help students with tutoring, researchers with writing grant applications and professors with grading.
Disney, Comcast At Odds Over Hulu Valuation
The negotiations will determine how much more Disney has to pay to buy Comcast out of Hulu.
Proxy Firm ISS Advises Against Musk’s Tesla Pay Package
Institutional Shareholder Services joins a growing chorus of voices opposing the reinstatement of Musk’s 2018 comp plan
TikTok Pauses Shop Expansion Plans in Europe
TikTok is holding off on expanding its commerce efforts in Europe.
U.S. Officials Confirm Cheap E-Commerce Import Crackdown
The statement confirms report from The Information on Wednesday that several brokers had been suspended from importing items under a program called Entry Type 86.
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