Peltz Nominates Two Candidates for Disney’s Board, Including Former CFO
The inclusion of Jay Rasulo, who was the finance chief at the company from 2010 to 2015, is likely to give Peltz's slate more credibility with Disney shareholders.
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Recent Editions
Cruise to Lay Off 24% of Workforce
Cruise has been on the backfoot since it lost a license from California regulators to operate its self-driving car fleet in San Francisco.
Google Pay Adding Affirm and Zip as Payment Options
The “buy now, pay later” providers will be available to Android users at some merchants starting next year.
ByteDance’s Pico Cancels Next VR Headset
ByteDance's major retreat from the VR headset market comes as the whole industry is grappling with weak demand.
Adobe Shares Fall on Lower-Than-Expected 2024 Guidance
Although the sales exceeded the company's expectations for the quarter, Adobe shares dipped 6.3% in after hours trading.
Etsy Cuts 11% of Staff As Competition Mounts
The company blamed a challenging macro environment and competition for the cuts.
OpenAI Strikes Licensing Deal with Politico, Business Insider Parent Company Axel Springer
This follows similar deals OpenAI has penned with publishers including the Associated Press.
Kleiner, Elad Gil to Co-Lead $700 Million-Valuation Round for Legal Startup Harvey
This will be Harvey's third funding round in 13 months.
Andreessen Horowitz to Raise ‘American Dynamism,’ Infrastructure Funds
The new structure could set a precedent for other Silicon Valley firms, which largely invest out of broad funds.
Twilio Hires Qatalyst Partners To Advise On Activist Defense
Twilio has become the target of two activist hedge funds
SpaceX Valued Near $180 Billion After Raising Tender Offer Price
The tender could value SpaceX at $97 per share, up from $81 in June.
Tesla Recalls 2 Million Cars For Autopilot Problem
The recall follows a two-year federal investigation
Meta Starts Testing Multimodal AI in Smart Glasses
The test will be available through an opt-in early access program in the U.S., chief technology officer Andrew Bosworth said.
The Farmer’s Dog Looks to Raise Fresh Capital
The fundraising could value the high-end pet food startup significantly higher than its last $2.5 billion valuation.
U.S. Official Downplays China’s Ability to Produce Advanced Chips
Despite U.S. semiconductor sanctions, there are ongoing debates about whether China has figured out ways to manufacture advanced chips.
Apple Offers to Let Rivals Access Tap-and-Go Technology
EU regulators last year charged Apple with curbing rivals' access to the tech
Microsoft Says Its Homegrown AI Model Outperforms Meta’s Llama 2, Runs On Phones
Microsoft will make the model available on Azure, where developers can use the model in their own apps.
Google Loses Antitrust Case Over App Store Fees
A jury in California sided with game developer Epic Games in a closely watched battle that could jeopardize billions of dollars in annual revenue.
Ex-DataRobot CEO Launches Data Center Startup
Armada raised $55 million to bring modular data centers to remote locations.
Oracle Stock Drops 8% on Slower Revenue Growth
The company plans to substantially increase its capital expenditures in the next six months to build out more data centers.
Weekday mornings
The Information AM by The Information Staff
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