Alibaba Scraps Logistics Unit IPO, Offers to Buy Outstanding Shares
The move is yet another blow to Alibaba’s landmark restructuring plan that would have seen the company split into six different units.
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U.S. Accuses Seven Chinese Individuals of State Sponsored Hacking
The move is likely to further inflame tensions between the U.S. and China as cyberspace becomes the latest front in their areas of confrontation.
BuzzFeed Revenue Fell 26% in Q4 of 2023
BuzzFeed CEO Jonah Peretti said the sale of Complex Networks helps refocus the company's business around "high-margin" revenue streams.
Abu Dhabi, Other Investors Buy Most of FTX’s Anthropic Stake For $884 Million
The purchase will help FTX's goal of making its customers whole.
Bolt Board Removes CEO, Replaced by Sales Chief
Kuruvilla led Bolt through a turbulent two years following the pandemic online shopping boom.
Europe Opens New Antitrust Probes Into Google, Apple, Meta
The probes will conclude a year from now and could result in penalties as high as 10% of a company’s global turnover.
China Phasing Out AMD, Intel Chips in Government Computers
The move comes as Beijing attempts to reduce its reliance on foreign technology in favor of homegrown alternatives for national security reasons.
CoreWeave in Talks to Raise Funding at $16 Billion Valuation
The deal would more than double the company’s most recent valuation.
Stability AI CEO Steps Down
The move comes after months of turmoil at the generative artificial intelligence startup.
China Hawk Rep. Mike Gallagher to Reportedly Join Palantir
Gallagher's bill to force a TikTok divestment or ban soared through the House this month.
Marketing Software Company Ibotta Files For IPO
The filing comes after strong debuts by Astera and Reddit this week.
Apple and Baidu Discussed AI Deal for iPhones in China
The talks are the latest sign that Apple is looking for outside partnerships to bring new AI capabilities to its devices.
Y Combinator Plots $2 Billion in New Funds
Last week, longtime YC leader Michael Seibel announced he was stepping back.
Apple, Google Expected to Face EU Probes Under New Digital Law
The probes would be the latest steps in European Union's efforts to regulate tech giants under the region's new sweeping rules.
Alibaba Sells Down Stake in Chinese Video Firm Bilibili
While selling some of its assets, the Chinese e-commerce and cloud computing giant is ramping up investments in artificial intelligence.
IPO Mania for Reddit, Astera
Reddit's IPO “pop” was bigger than Snap’s in 2017 and Pinterest’s in 2019.
Justice Department Sues Apple
The long-expected lawsuit means that four major tech firms are now being sued by the federal government on antitrust grounds
Former Alibaba CEO Joins Chinese Investment Firm
Daniel Zhang, who stepped down as CEO and chair last year, has joined Firstred Capital, whose fund will be backed by Alibaba.
Justice Department Could Sue Apple Thursday Over Antitrust Issues
The move comes amid criticism from competitors that Apple's tweaks to the App Store in the U.S. and Europe to satisfy regulators don't go far enough.
Reddit Prices IPO at $34 a Share, Reflecting Strong Demand
Reddit priced its shares at $34 a piece, implying a valuation of $6.4 billion, as it prepares to list publicly Thursday, a person familiar with the matter said.
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