Instacart Shares Surge on Higher Revenue
The grocery-delivery app saw its shares jump 8% after it reported better-than-expected revenue for the second quarter of 2024.
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The Information AM
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Recent Editions
Amazon’s Top India Executive to Depart
Manish Tiwary has led the company’s India business since 2020 amid intensifying competition from Walmart-owned Flipkart and other local firms.
Disney to Raise Disney+ and Hulu Prices, Launch Streaming Channels
Disney+ and Hulu prices are about to go up starting this fall as Disney also announced new old-school TV-style channels for Disney+.
X Sues Ad Industry Group, Some Top Advertisers
X, formerly Twitter, has filed an antitrust lawsuit against some top advertisers and trade groups, claiming they conspired to make advertisers boycott the platform.
Axios Lays Off 50 People
Axios CEO Jim VandeHei said shifting reader habits, the loss of traffic from social and search platforms and the rise of AI are all impacting media firms' businesses.
Uber Posts Sharply Higher Profits
Uber's ride-hailing business is driving the company's growth as well as its profit expansion.
Google Loses Search Antitrust Case, Putting Lucrative Apple Deal in Jeopardy
The ruling by Amit Mehta of the U.S. District Court for the District of Columbia took aim at Google’s lucrative deal to preinstall its search engine.
OpenAI President Takes Extended Leave and Another Cofounder Departs
Also, product leader Peter Deng is out.
Elon Musk Sues OpenAI Again
Musk, now at the helm of rival xAI, again alleges that OpenAI's founders duped him when their OpenAI nonprofit accepted his donation.
Nvidia Shares Tumble After Report of Production Delay
The chip designer’s stock price has declined more than 20% since the height in mid-June
Moritz: Trump Supporters in Tech Are ‘Making a Big Mistake’
The billionaire becomes the latest tech heavyweight to enter the fight over presidential politics.
Delta Added to ‘Misleading Narrative’ Following Tech Outage, CrowdStrike Says
The cybersecurity company said it shouldn’t be blamed for the airline’s flight cancellations.
OpenAI Sued By YouTuber For Using Creators’ Videos Without Permission
A YouTuber is seeking to bring a class action lawsuit against OpenAI for scraping creators' videos to train the models that power its generative AI features.
TikTok Shutters Rewards Program for TikTok Lite in EU
TikTok agreed to permanently withdraw the rewards offering of its standalone TikTok Lite app following an EU probe.
Nvidia Challenger Groq Raises At Near-$3 Billion Valuation
The fundraise will more than double Groq's last valuation of $1.1 billion from 2021.
Morgan Stanley Allows Financial Advisors to Offer Bitcoin ETFs
Advisors can recommend BlackRock’s and Fidelity’s bitcoin ETFs to some clients
Thrive Capital Raises $5 Billion
Thrive's portfolio includes large stakes in Stripe and OpenAI.
Mark Zuckerberg Called Donald Trump After Assassination Attempt, Former President Says
Trump said Zuckerberg told him he would not support a Democrat because he “respected” Trump for his reaction to being shot.
Nvidia Is in a ‘Bubble,’ AI Is ‘Overhyped,’ Elliott Management Says
The hedge fund is doubtful that Big Tech will continue purchasing large quantities of Nvidia’s GPUs, it said in a letter to clients.
Trump Says Zuckerberg Apologized Over Meta AI
At the same time, Donald Trump suggested the Meta CEO had thrown his political allegiance to the GOP.
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
