David Ellison’s Skydance Nears Deal to Buy Paramount Global Owner
Last week, Skydance made a new offer to purchase Paramount owner National Amusements, which included cashing out nonvoting Paramount shareholders at a premium.
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The Information AM
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Recent Editions
Microsoft to Spend $3.2 Billion on Data Center in Sweden
The company is in the midst of an unprecedented buildout amid the AI boom.
Shein Nears IPO Filing in London
The China-founded online retailer initially tried to apply for a U.S. listing
Greylock Hires Partner to Invest in Israeli Startups
The hiring represents an increased focus on the country, where it has invested in cybersecurity startups Wiz and Cato.
Washington Post Hires Former WSJ Editor Murray as Executive Editor
The hire is part of a broader shakeup of the Post, under which a British editor will take the reins after the election.
Microsoft Nears Multimillion-Dollar Payment to Settle EU Antitrust Complaint: Report
The settlement would involve a multimillion-dollar payment to the Amazon-backed group.
Biden Vetoes Bill Overturning SEC Crypto Accounting Rule
Bill would have made it easier for banks to custody crypto
Google Cloud Lays Off Some Sales Staff
Google laid off an unspecified number of sales staff at its cloud computing unit this week despite strong quarterly results.
Elon Musk’s X Planning Trump Town Hall
Musk has not endorsed a candidate in the upcoming presidential election, but has said he wouldn’t vote for Biden.
OpenAI Launches ChatGPT for Universities
ChatGPT Edu could help students with tutoring, researchers with writing grant applications and professors with grading.
Disney, Comcast At Odds Over Hulu Valuation
The negotiations will determine how much more Disney has to pay to buy Comcast out of Hulu.
Proxy Firm ISS Advises Against Musk’s Tesla Pay Package
Institutional Shareholder Services joins a growing chorus of voices opposing the reinstatement of Musk’s 2018 comp plan
TikTok Pauses Shop Expansion Plans in Europe
TikTok is holding off on expanding its commerce efforts in Europe.
U.S. Officials Confirm Cheap E-Commerce Import Crackdown
The statement confirms report from The Information on Wednesday that several brokers had been suspended from importing items under a program called Entry Type 86.
Google Scales Back ‘AI Overviews’ After Inaccurate Results
In a blog post, vice president Liz Reid said Google added better detection for “nonsensical queries” that shouldn’t show an AI-generated result.
Steve Jurvetson’s Future Ventures Raises $169 Million for New Fund
The new 'AI' fund comes a year after Future Ventures' last public fund announcement.
Paul Graham Denies Y Combinator Fired Sam Altman
The allegations emerged after OpenAI’s board fired Altman, citing a lack of candor.
MongoDB Shares Drop 26% on Weak Growth as Software Sector Woes Continue
The results cap a string of bad results for enterprise software firms.
OpenAI Restarted Its Robotics Team
OpenAI shuttered the robotics team in 2020 after struggling to find data to train AI software for the robots.
Elon Musk Agrees to Testify in SEC Probe of Twitter Purchase
The agreement ends a months-long dispute between Musk and the SEC.
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