KKR Buys Broadcom Unit for $4 Billion
The deal comes as Broadcom looks to siphon off non-core units following its acquisition of VMware
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Nvidia GPU Buyers Offload Chips As Supply Crunch Cools
Companies say the wait time for the specialized AI chips has dropped.
Nvidia Market Cap Briefly Tops $2 Trillion
The stock has rallied more than 200% in the past year.
Google Apologizes After Controversy Over AI Image Feature
Senior vice president Prabhakar Raghavan apologized following backlash to an AI feature that generated ahistorical images, including racially diverse Nazis.
PDD Shares Fall After Report of Lawmakers’ Calls for Temu Shipment Ban
Lawmakers are pushing for Temu to be named as a violator of the Uyghur Forced Labor Prevention Act.
Jamie Dimon Sells $150 Million of JPMorgan Stock
It is the chief executive’s first sale of the bank’s stock during his 18-year reign atop the institution.
Bankrupt Crypto Exchange FTX Allowed To Sell Anthropic Stake
FTX filed a request to sell its Anthropic stake earlier this month.
Warner Bros. Discovery Q4 Revenue Fell 7% Driven by Plummeting TV Ad Sales
The company, which owns the Max streaming service, eked out a slight profit in its streaming business in 2023.
Nextdoor Appoints Co-Founder Tolia as CEO, Replacing Friar
Tolia served as CEO from 2010 to 2018, and had remained on the board of directors.
Binance Blocked From Nigeria in Crypto Trading Crackdown
Many Nigerians had turned to crypto currencies as an alternative to big swings in the country's official currency.
Vice Media to Cease Publishing Operations, Lay Off Hundreds
Vice, which peaked at a $5.7 billion valuation, will stop publishing to Vice.com. It will continue operating its production studio and ad agency.
Google Restricts Gemini Image Feature After Backlash
The image-generating feature launched earlier this month.
Reddit IPO Filing Shows Slowing Sales But Narrowing Losses
Revenue hit $804 million last year, representing about 21% annual growth, but falling roughly one-quarter shy of a revenue goal set by the board of directors, the filing shows.
Techstars Plans to Shut Down Seattle, Boulder Accelerator Programs
The startup accelerator says founders want to work in cities with the most access to capital and tech talent.
Nvidia Forecasts 233% Revenue Growth Next Quarter as AI Dominance Persists
The results could buttress the notion that Nvidia faces no real challengers at the moment.
Top Blackstone Executive Leaves The Firm
A 14-year veteran is leaving the private equity firm
BuzzFeed Sells Complex Networks Assets, Announces Layoffs
BuzzFeed has sold Complex Networks assets for $108.6 million. It will use the money to pay down debt and announced layoffs of 16% of its workforce.
Reddit Will Reserve Shares for its Prolific Users During its IPO
Reddit will turn to the Redditors that put the meme stock craze on the map during the pandemic.
Astera Labs Increases Revenue 50% Ahead of IPO
The company's sales have surged with demand for chips needed to run AI training models.
Google Releases Open-Source AI Models in Challenge to Meta
Gemma is based on the same technology as Google’s proprietary Gemini models.
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