JPMorgan to Cut About 1,000 First Republic Workers
The cuts will affect roughly 15% of First Republic's workforce.
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Recent Editions
Michael Arrington-Backed Fahrenheit LLC Wins Bid to Buy Bankrupt Celsius
The new company will focus on bitcoin mining, staking services and lending products.
OpenAI Closes $175 Million Startup Fund
The startup has told investors it plans to raise a second fund.
DeSantis Campaign Announcement Plagued by Twitter Glitches
A Twitter Space conversation between the Florida governor and Twitter CEO Elon Musk had to be aborted and restarted.
Nvidia Shares Jump 25% as Generative AI Adoption Surges
Nvidia says it is about to see a huge business impact as cloud providers and companies of all sizes step up their adoption of large language models.
Snowflake Shares Drop 12% as Revenue Growth Slows
Snowflake is feeling the effects of the tech spending slowdown, but it is still strong when it comes to getting customers to expand their usage of its service.
Meta Announces Layoffs on Business Teams
Wednesday's layoffs complete the third stage of cuts that were announced in March.
Skepticism Rises Over AWS’s AI Strategy
Amazon Web Services is playing catch up to rivals such as Google and Microsoft, and its customers are taking notice.
Semafor Raises $19 Million
Semafor's has raised $34 million in total. The company plans to return the money it received from FTX founder Sam Bankman-Fried to his creditors.
ByteDance Videogame Executive Departs
Huang Linbin's departure comes after the videogame unit last year laid off a substantial number of employees.
Microsoft Unveils Subscription-Based Data Analytics Bundle
Microsoft has had success in bundling together productivity applications and customer management software, and now it's doing the same in data analytics.
Anthropic Raises $450 Million to Fuel AI Work
Anthropic, founded by former OpenAI researchers, has now raised $1.45 billion since its founding in 2021.
Amazon Aggregators Suma and D1 Brands Merge
Many Amazon aggregators have been under mounting pressure from their lenders to merge.
DeSantis to Announce 2024 Presidential Run in Interview with Elon Musk
The interview will be moderated by the investor David Sacks and streamed on Twitter Spaces on Wednesday afternoon.
JPMorgan Adds More Former SVB Tech Bankers
Banking giant says it has added more than 100 bankers in total this year to support its innovation economy business.
ChatGPT Is Using Microsoft’s Bing to Deliver Answers
The new integration could help Bing improve the quality of its results and boost its chance of winning search deals with Apple and Mozilla.
Comcast Unveils New Online TV Bundle, Including Peacock
Comcast plans to launch a $20 subscription TV service, which will include access to Peacock and 40 cable networks such as AMC, BBC America and Discovery.
Shutterstock Agrees to Acquire Giphy From Meta
Deal is for $53 million in net cash, after Meta bought Giphy for $400 million in 2020.
Activist Investor Calls on Yelp to Sell Itself
The agitating investor, TCS Capital, is now one of Yelp's five biggest shareholders, according to report.
Zoom Continues to Feel Pinch of Tightening Tech Budgets
Zoom's sales to large customers continue to slow as companies get more careful about their spending, but the company did raise its annual sales forecast.
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