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.
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JPMorgan Sees Bigger Than Expected Gain From First Republic Purchase
Executives also see signs of economic deterioration on the horizon
TikTok, Citing First Amendment, Sues Montana Over Impending Ban
The law seeks to ban TikTok within Montana’s borders and would levy fines of up to $10,000 per violation per day against TikTok and app stores.
Walmart+ Adds Free Pet Telehealth in Latest Move to Take on Amazon Prime
The membership program has helped Walmart attract wealthier shoppers as more consumers look for bargains.
Amazon Starts Using Palm Prints for Age Verification at Bars
The age verification technology is being launched at two bars at Coors Field in Denver, Colo.
China Telcos to Stop Buying Micron Products Over National Security
The move dials up the conflict between China and the U.S. over technology and comes after the U.S. blacklisted China's Yangtze Memory Technologies last year.
Meta in Talks With Magic Leap Over AR Deal
The agreement could help Meta advance its costly plan to build metaverse technologies.
Neeva Shuts Down Search Engine Ahead of Snowflake Deal
Neeva's announcement came days after The Information reported Snowflake was in talks to buy the startup.
Blackstone Closes In on Deal for Billboard Operator
Deal would value New Tradition at between $500 million and $750 million.
Instagram’s Twitter-Like App Could Be Released Next Month
The reported tagline for the app is, “Instagram for your thoughts.”
SoftBank Butts Heads with Revolut Over Plan to Secure Banking License
Revolut needs to convert its preferred shares into common shares so it can receive a banking license. SoftBank wants a better deal before it agrees to Revolut’s plan.
Australian Stock Exchange Scraps Blockchain Project
The planned ASX blockchain integration would have been a high-profile use case of the technology by a financial giant.
Andreessen Horowitz’s Jordan Steps Back
The Airbnb and Instacart backer will no longer actively pursue new investments.
Blue Origin Wins $3.4 Billion NASA Moon Mission Contract
The lunar lander is scheduled to launch in 2029.
Samsung Decides Not to Replace Google With Bing as Default Search on Phones: Report
The decision marks a blow to Microsoft, which has been eyeing default deals to grow market share.
Top Advertising Firm Removes ‘High Risk’ Label From Twitter
WPP-owned GroupM, the world's largest ad-buying agency, is warming up to Twitter after Musk hired NBCU's Linda Yaccarino to be its new CEO.
Morgan Stanley CEO Gorman to Step Down Within a Year
Internal candidates Ted Pick, Andy Saperstein and Dan Simkowitz are the most likely to potentially succeed the longtime Wall Street CEO.
Supreme Court Sides With Tech Companies in Liability Cases
The Supreme Court ruled that Google, Facebook and Twitter couldn’t be held liable for hosting content from an extremist group known as ISIS.
Apple Restricts Internal Use of ChatGPT
The move raises questions about how AI services will be able to maintain confidentiality while also getting the crucial feedback they need to operate.
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
