Snowflake’s Talks to Buy Startup Reka for $1 Billion Fall Apart
The saga illustrates the tough environment faced by generative AI startups.
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Recent Editions
Microsoft Unveils New AI ‘Agents’ to Automate Workplace Tasks
The announcement reflects Microsoft’s efforts to make its AI-powered software more useful to businesses in order to drive spending.
TikTok Plans Significant Job Cuts
It's unclear how many roles will be affected by the layoffs.
Anthropic Hires Its First CFO to Shape its Financial Strategy
Anthropic is bolstering its ranks ahead of product and international expansion.
Scale AI Raises $1 billion in Round Backed by Accel, Amazon and Nvidia
Scale AI expects to be profitable by the end of 2024
Farcaster Raises $150 Million at $1 Billion Valuation
Paradigm, a16z crypto, Haun Ventures among investors
China Announces Sanctions on Former U.S. Congressman Mike Gallagher
Beijing's move comes after Gallagher earlier this year led the U.S. legislation to force a sale or ban of TikTok.
Zoom Revenue Rises 3%, Forecasts Slower Second Quarter
The company is hoping new AI features will entice customers and drive revenue growth.
Scarlett Johansson Says She Hired Lawyers Over OpenAI Voice Feature
Johansson said OpenAI CEO Sam Altman had twice asked her to voice the system, including two days before an OpenAI demo
Bumble to Buy VC-Backed Friends App Geneva
Bumble expects the deal to close in the third quarter of 2024
Ether Jumps on Optimism Over ETF Approval Odds
SEC set to make decision on key filing by May 23
FDIC Chairman Gruenberg Resigns
Martin Gruenberg has resigned from the banking regulator following a scathing review of the agency’s culture and work environment.
Microsoft Unveils AI-Focused PCs
Microsoft also announced a new Copilot feature, Recall, that will let people ask the chatbot about previous files or windows they had used in past weeks.
Hims Shares Soar After $199 Weight Loss Shot Launch
Hims and other online healthcare providers have raced to cash in on demand for the drugs.
Expedia Ousts CTO and Senior Engineering Leader for Policy Violation
The abrupt departures come on the heels of the travel booking company's conference in Las Vegas.
Microsoft Plans to Release Next Call of Duty on Game Pass
Release of the blockbuster game on Microsoft's gaming service should drive subscriptions but hurt Activision retail sales.
GPU Cloud Provider CoreWeave Raises $7.5 Billion in Debt
The cloud provider has raised a total of $12 billion in equity and debt, primarily in the past year.
OpenAI Safety Leader Exits After Reaching ‘Breaking Point’
A number of safety-focused AI researchers, including former chief scientist Ilya Sutskever, have left the company in recent months.
Snowflake Said to Discuss Buying AI Startup Reka AI for $1 Billion
Deal talk comes one year after rival Databricks acquired MosaicML for $1.3 billion.
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