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.
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Recent Editions
Emma Chamberlain’s Coffee Brand Raises Fresh Funding
Chamberlain, who counts 12 million followers on YouTube and 15 million followers on Instagram, launched the brand in 2019.
AI Coding Startup Replit Cuts 20% of Staff, Shifts to Enterprise Sales
Replit has raised more than $220 million in funding and was last valued at over $1 billion.
Microsoft Offers to Relocate China-Based AI Staff
The offer comes amid rising tension between China and the U.S., especially over cutting-edge AI technology.
Europe Investigates Meta Over Child Safety Risks
The investigation could lead to fines of up to 6% of Meta’s global revenue.
New Sports Streaming Service From ESPN, Fox and Warner Has a Name: Venu Sports
Venu Sports plans to launch in the fall, offering a subscription service that bundles sports channels owned by Disney's ESPN, Fox and Warner Bros. Discovery.
Gopuff Cuts 6% of Staff In Fresh Layoffs
Gopuff, which has raised a total of $4.9 billion, burned around $400 million in 2023, The Information reported last week.
Bolt’s Co-Founder Breslow Nears $30 Million Settlement With Investor
This dispute revolved around a loan Breslow took out, backed by Bolt cash.
Instagram Co-Founder Mike Krieger Joins Anthropic as New Product Chief
Anthropic says Krieger will help the company expand the use of its Claude chatbot.
Netflix Plans to Build Its Own Advertising Technology Platform
Netflix also said it has 40 million monthly active global users for its ad-supported tier. However, it has not disclosed how many subscriptions the tier has.
Chime Adds Early Paycheck Cashouts to Boost Growth
Fintech banking startup Chime is launching a new cash advance product that allows customers to access up to $500 of their wages.
Microsoft’s AI Push Is Jeopardizing its Pledge to Go Carbon Neutral by 2030
The disclosure shows how energy-hungry the AI boom is proving to be.
Billionaire Frank McCourt Plans U.S. TikTok Bid
Frank McCourt, the billionaire former Los Angeles Dodgers owner, is the latest trying to organize a consortium to buy TikTok's U.S. operations.
Netflix to Stream Christmas Day NFL Games for Three Years
Netflix's deal with the NFL marks a notable expansion in the streaming giant's live sports strategy as the NFL adds another major media rights partner.
OpenAI’s Chief Scientist, a Former Foe of CEO Altman, Resigns with Key Ally
The resignations come after months of speculation Sutskever's future at the company.
White House Lifts Tariffs on China Electric Vehicles
Biden also announced higher chip tariffs in a move seen as countering presidential rival Trump.
Google Expands AI-Generated Search Responses
Google said Tuesday that more search users in the U.S. will encounter AI-powered results soon, and it plans to bring the feature to other countries.
TikTok Creators Sue Over Potential U.S. Ban
TikTok creators sued the U.S. government on Tuesday over the new law forcing a sale or ban of the short-form video app.
AWS CEO Adam Selipsky to Step Down, Replaced by Sales Chief Matt Garman
Garman, who reorganized his 60,000-person organization earlier this year, has long been a top cloud CEO candidate.
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