Thrive Capital Raises $391.3 Million, Possibly For OpenAI Deal
In March 2023, Thrive similarly raised $744.8 million from investors to back Stripe.
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Epic Games Sues Google, Samsung For Allegedly Blocking App Store Competition
The suit alleges that Google and Samsung colluded to launch a feature to lessen the blow of Google’s loss in an earlier Epic Games antitrust case.
California Governor Vetoes Bill to Regulate AI
Gavin Newsom appointed a task force to develop "responsible guardrails" for AI
Ireland Fines Meta €91 Million for Data Privacy Violations
The fine stems from the revelation in 2019 that the company, then known as Facebook, was storing users’ passwords without encryption, possibly allowing employees to read them.
OpenAI Funding Reportedly Nears Close, Projects $11.6 Billion in 2025 Revenue
The news comes after a week of high-profile leadership departures from the ChatGPT maker.
Comcast’s Sky Sues Warner Bros. for Breaching Deal Over Shows Like ‘Harry Potter'
Sky alleges that Warner Bros. has disregarded a 2019 deal that gives it the right to co-produce certain shows like the upcoming "Harry Potter" project.
OpenAI CEO Altman Says Report About Him Getting a 7% Stake Was ‘Ludicrous'
Altman says investors are pushing for him to take equity in the company.
Robinhood, Revolut Reportedly Explore Launching Stablecoins
More companies look to join the stablecoin race as the EU starts to grant licenses
Snowflake Appoints New Head of Engineering
The move highlights how Snowflake's new CEO, Sridhar Ramaswamy, is giving loyalists more power as he shakes things up at the cloud computing company.
Chime Hires Morgan Stanley To Lead IPO
Fintech banking startup Chime has hired Morgan Stanley to lead its planned initial public offering next year.
Meta Announces AI Video Avatars for Influencers
Avatars will be able speak and listen to fans who visit the creators’ accounts on Messenger, Instagram and WhatsApp
Two More OpenAI Leaders Departing
The technical leaders follow the announced resignation of CTO Mira Murati.
OpenAI Chief Technology Officer To Leave
Her departure is the latest in a series of high-profile exits and leaves of absences from the company.
Meta Updates AI Products, Introduces New Headset
The updates announced at its Connect conference include the option to speak with Meta AI on Meta’s social media apps
Google Complains to EU Regulator About Microsoft’s Software Licensing
Google says Microsoft used its dominance of the business software market to discourage customers to use alternative cloud providers.
Online Shoppers to Spend Record $241 Billion This Holiday Season
More discounts should encourage shoppers to “trade up” to pricier goods, Adobe said.
Meta, Mistral Will Not Sign EU’s AI Pledge
Their reluctance could signal open-source companies will find it difficult to comply with aspects of the legislation.
Wiz In Share Sale Talks at up to $20 Billion Valuation
The talks follow Wiz’s rejection of a $23 billion bid from Google to acquire the company.
Salesforce to Buy Data Management Firm Zoomin
Salesforce said Zoomin’s technology would boost its new artificial intelligence-powered agents product.
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.
Weekday mornings
The Information AM by The Information Staff
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