Snowflake Revenue Rises 32% As CEO Hails ‘Stabilizing’ Software Market
The company’s stock was up nearly 7% in after-hours trading on Wednesday.
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Blackstone to Buy Pet-Care Site Rover for $2.3 Billion
Rover had gone public in 2021 via a SPAC merger.
SoFi Shutting Down Its Crypto Business
SoFi’s crypto services have come under scrutiny from the Federal Reserve.
AWS Launches ‘Multimodal’ AI Models, Image Generator
Google also has been hard at work on a multimodal model, Gemini, but has delayed its release to customers of Google Cloud.
Coatue Called for Stability CEO Mostaque to Step Down
Investors are frustrated with CEO Mostaque's management style.
OpenAI Not Planning to Give Microsoft, Other Investors Board Seats
CEO Sam Altman is not expected to join the reconstituted board.
Apple Proposes Exit From Partnership With Goldman Sachs
Move will likely put an end to the pact, as Goldman already wanted out.
Charlie Munger, Warren Buffett’s Right-Hand Man, Dies at 99
Charlie Munger, the billionaire who was Warren Buffett’s closest ally at Berkshire Hathaway, has died at age 99.
AWS Unveils AI Chatbot and Assistant, Taking Aim at OpenAI
The product, which is not yet available to customers, appears to be a direct competitor to OpenAI’s ChatGPT for enterprise customers.
AWS CEO Selipsky Ribs Rivals in Keynote
The AWS CEO used a good portion of his keynote on Tuesday to emphasize why AWS is better than its cloud competitors.
AI Video-Generation Startup Pika Raises $55 Million in Funding
The startup was launched in April this year.
Iger Plays Down Talk of Asset Sales
Iger claimed he had been trying to gauge investor reaction to the idea of asset sales and didn't expected the reaction.
U.S. Officials Raise Concerns About Abu Dhabi AI Firm’s Ties to China
Abu Dhabi-based G42, which last month announced a partnership with OpenAI, also works with controversial Chinese firms such as Huawei.
Musk Tours Israel, Amid Criticism for His Antisemitic Remarks
As part of the visit, Elon Musk and Israeli prime minister Benjamin Netanyahu held a discussion broadcast on X, during which they talked about the war in Gaza.
Shein Confidentially Files for U.S. IPO
The China-founded e-commerce giant has been a long-anticipated IPO candidate.
Judge Rules Against Meta in FTC Privacy Case
Meta's shares dropped upon news of the ruling.
Amazon’s iRobot Acquisition Could Restrict Competition, EU Says
iRobot shares fell 21% following the EU's statement.
ByteDance to Drastically Scale Back Videogame Business
ByteDance is reviewing businesses that haven't lived up to expectations as it tries to focus on the growth of its core social media and e-commerce businesses.
Khosla-Backed Construction Tech Startup Veev to Shut Down
The property technology startup raised $600 million in equity financing
OpenAI Made an AI Breakthrough Before Altman Firing
The research advance raised concerns that the company didn’t have proper safeguards in place to commercialize it.
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