Jasper, Mutiny AI Startups Cut Workers As Chatbot Rivalry Grows
The layoffs follow a proliferation of AI-powered software, including from OpenAI, which also licenses the underlying technology.
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Appeals Court Denies FTC Emergency Motion to Block Microsoft-Activision Deal
If Microsoft can't close its acquisition of Activision by the July 18 deadline, both parties are free to walk away from the deal.
Tucker Carlson Is Reportedly Raising Money for New Media Company
Carlson aims to raise hundreds of millions of dollars for his new venture, which would distribute videos on Twitter while also seeking to drive subscriptions.
Amazon Lays Off Around 80 Pharmacy Employees
The layoffs are the first known cuts since Amazon finished eliminating 27,000 jobs through two major rounds of layoffs that ended in the spring.
JPMorgan, Wells Fargo Second-Quarter Profits Rise; Citi Sags
JPMorgan's profit climbed sharply as the bank benefited from higher interest rates and an influx of customers.
Hollywood Actors Join Writers in Labor Strike Against Studios
The actors' union's decision to go on strike will grind Hollywood to a halt, stopping productions and delaying future releases of movies and TV shows.
FTC Probing OpenAI’s Data Security, Consumer Protection Practices
OpenAI CEO Sam Altman has called for legislation to prevent AI from negatively affecting humanity, and now the FTC is taking a closer look at its operations.
E-Commerce Sales Hit $12.7 Billion During Amazon’s Prime Day
Rivals like Walmart and Target also drove sales by offering competing discounts during Prime Day.
Disney CEO Bob Iger Floats Selling Its Cable TV Channels
Iger said ABC and Disney's cable channels, excluding ESPN, "may not be core" to the company. He's also exploring a partner for ESPN to go direct to consumers.
Ex-Celsius CEO Alex Mashinsky Arrested, Sued by SEC and CFTC
The FTC also filed a lawsuit against the former CEO of the bankrupt crypto lender.
Disney Extends CEO Bob Iger’s Contract Through 2026
Iger returned to Disney in November 2022 with plans to find a successor. That process is still underway, the company said, while announcing the extension.
Nvidia Invests $50 Million in Drug Discovery Firm Recursion
The association with Nvidia seems to have rekindled investors' interest in Recursion, whose shares have traded below their IPO price since late 2021.
Crypto Company Circle Cuts Staff
USD Coin’s outstanding supply has shrunk by nearly one fifth since the start of the year, which likely has cut Circle’s revenue significantly.
SEC Charges Another Former Executive at JPMorgan Acquisition Frank
Founder and chief growth officer hired engineer to create fake user accounts, SEC says.
Google Cloud Hires Ex-AWS Data Center Chief in Shakeup
At AWS, Vonderhaar oversaw the cloud provider’s global data centers and led efforts around capacity planning.
Roku and Shopify Team Up for Click-to-Buy TV Ads
Under the partnership, Roku viewers will be able to use their remotes to learn more about and purchase products advertised by Shopify merchants.
Elon Musk Glass House at Center of Tesla Internal Probe
Musk deputy Omead Afshar stepped away from Tesla following an investigation last year.
Bank of America Fined For Creating Accounts Without Customers’ Consent
Bank will pay $250 million to resolve issues raised by the CFPB and OCC
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The Information AM by The Information Staff
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