UPS to Lay Off 12,000 People, Explore Coyote Logistics Sale
The company’s overall profit dropped 23% in the fourth quarter from the same period a year before, and tumbled 55% in the unit that houses Coyote.
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Recent Editions
Microsoft’s Head of Xbox Hits Back Over Apple’s EU App Store Changes
Apple's App Store changes in Europe would disproportionately impact large developers because its new fees make it more costly for apps with millions of users.
Netflix’s Hastings Grants $1.1 Billion Shares to Silicon Valley Charity
The grant follows a spike in Netflix shares after earnings.
Meta Releases New Version of Code-Generating Model
The model, called Code Llama, is larger than previous versions released in August.
Neuralink Implants Technology in First Human, Musk Says
Neuralink is testing whether its technology enables paralyzed people to control devices with their minds.
Meta to Share Data with Researchers Studying ‘Well-Being’
Meta has made several announcements related to youth safety in the lead up to a Senate hearing later this week.
TikTok Tests Shopping Features On More Videos
The test is the social media giant’s latest bid to boost e-commerce sales.
Before Amazon Ditched iRobot Deal, FTC Said It Planned to Sue
The likely FTC suit shows that Amazon and iRobot would have had a difficult time getting the deal through even if it had persuaded the EU to approve it.
X Restricts Searches for Taylor Swift After Flood of AI-Generated Images
Explicit AI-generated pictures of Taylor Swift highlight the growing threat posed by deepfaked images and the limits faced by X’s hollowed-out content moderation teams.
In Upcoming IPO, Reddit Considers $5 Billion Valuation Target
At that level, Reddit would be valued at about the same multiple of this year's expected revenue as Snap, and slightly below Pinterest.
Flexport to Lay Off Nearly 20% of Employees
The layoffs would be Flexport’s third major round of cuts in just over a year.
Lightspeed Mulls Selling $1 Billion in Startup Stakes
The firm is setting up a continuation fund to hold assets from funds nearing maturity.
Salesforce to Cut 700 Jobs: Report
The cuts follow a wave of layoffs at other big tech companies this month.
Elon Musk’s xAI In Talks to Raise $6 Billion
xAI previously disclosed a $1 billion fundraising round.
Bret Taylor’s AI Startup Said to Near $1 Billion Valuation
The funding comes six months after an initial Benchmark-led round.
Apple Makes it Easier for Streaming Game Services to be on App Store
Developers can submit one app that offers a catalog of games, opening a door for Microsoft and Nvidia that could allay antirust concerns.
Apple Reduces Commissions in Europe for App Developers
The new business terms, which take effect in March, are part of sweeping changes Apple is making in the wake of a new European law.
JPMorgan Shakes Up Executive Ranks
JPMorgan Chase announced a leadership shake-up that sets the stage for an eventual successor to long-time chief executive Jamie Dimon.
FTC Starts Inquiry of AI Deals Involving Microsoft, OpenAI, Google, Amazon, Anthropic
The agency said it is looking at whether the deals hurt competition in AI.
BuzzFeed and Vice Media Look to Sell Off More Websites
BuzzFeed is putting its food sites Tasty and First We Feast up for sale, while Vice Media is looking to find a buyer for female lifestyle publisher Refinery29.
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