Top American at Tencent to Leave
Wallerstein has long been viewed as the most powerful American at Tencent, whose job was to bridge the cultural gap between the tech giant and Silicon Valley startups.
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Recent Editions
Google Settles Claims That It Misled Chrome ‘Incognito’ Users
Users alleged that Google broke privacy laws by secretly collecting their data through “incognito” browsing on Google Chrome.
Cable Operator Altice USA Sells Cheddar News to Media Firm
Cheddar News, which was started by former BuzzFeed executive Jon Steinberg in 2016, later sold to Altice USA for $200 million in 2019.
Online Retailer Zulily Shuts Down
The flash-sale retailer alleged Amazon undercut its prices in a lawsuit earlier this month.
Appeals Court Temporarily Suspends Apple Import Ban
The appeals court still has to consider an appeal of the ITC decision blocking Apple from importing certain kinds of its Apple watch.
Anthropic Projected At Least $850 Million in Annualized Revenue in 2024
Earlier this fall, Anthropic told some investors it was generating revenue at a $100 million annualized rate.
Amazon Sets Prime Video Ads Launch Dates
U.S. viewers will see ads starting Jan. 29, while the U.K., Germany and Canada will start on Feb. 5.
NY Times Co Sues Microsoft and OpenAI for Copyright Infringement
The lawsuit signals that months of negotiations between the publisher and the tech companies have failed to reach a deal.
Musk’s xAI Follows Anthropic with Benefit Corporation Structure
The unique structure allows xAI to focus on its public impact.
Israel Grants Intel $3.2 Billion for New Chip Plant
The investment underscores the deep ties between Israel and the U.S. tech industry.
Reddit Falls Short of Ad Growth Targets Ahead of Likely IPO Next Year
Reddit expects ad revenue to grow more than 20% in 2023 to slightly more than $800 million. Two years ago, it hoped to exceed $1 billion in ad revenue by 2023.
Biden Lets Stand Trade Ruling Preventing Apple Watch Sales
The ITC ruled that Apple had infringed two patents, prompting the company to pull some versions of the Apple Watches from sale.
Apple in Talks to License News Content for AI
The discussions signal that Apple is moving ahead on development of its own generative AI, in an effort to catch up with OpenAI, Microsoft, Google and others.
OpenAI in Talks to Raise Funding at $100 Billion Valuation
OpenAI is talking to investors about raising a round of funding at a valuation of $100 billion or more.
Fisker’s Powertrain Vice President Steps Down
A key engineering executive at electric vehicle Fisker, which has recently come under fire by angry customers, has stepped down from his role
Lionsgate Strikes SPAC Deal for Studios Business
The deal is the first step towards a full separation of Lionsgate's studio and TV networks business.
China Unveils New Draft Rules for Videogames
Beijing's latest move raises questions about whether China's biggest internet companies will face a new round of regulatory crackdowns.
Flexport Aims to Triple Revenue in 2024
The shipping startup will have to overcome a slump in freight rates to hit the ambitious target.
Tube Transport Startup Hyperloop One To Shut Down
The startup raised more than $450 million but never won a contract to build a working 'hyperloop'
Blue Origin, Others Make Buyout Bids For Rocket Maker ULA
ULA plans to launch its next generation Vulcan rocket on January 8.
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