Chinese AI Startup Founded by Kai-Fu Lee Valued at $1 Billion
The startup, whose backers include Alibaba's cloud computing unit, is competing in China's crowded market for conversational AI software.
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Musk’s xAI Demos Grok AI Assistant
The chatbot will eventually be available to premium subscribers on X.com, Musk said.
TikTok Denies Claims of Favoring Pro-Palestinian Content
The company said that it had removed over 925,000 videos for violating its content policies since the Israel-Hamas war started, “including content promoting Hamas.”
YC’s Garry Tan Presses FTC Chair To Address ‘Little Tech’s’ Antitrust Concerns
Y Combinator CEO Garry Tan told Federal Trade Commission Chair Lina Khan that startups need a “fair playing field” when it comes to tech giants.
Netflix Considers Livestreaming Jake Paul Boxing Match
Netflix is considering livestreaming a boxing match.
SpaceX Eyes Mid-November For Second Launch Test
SpaceX’s first Starship test launch ended in an explosion in April.
Tech Leaders Urge Biden to Support Open-Source Models
"Open source ensures that the AI era is both inclusive and just," venture capital and business leaders wrote in a letter to President Biden.
OpenSea Lays Off 50% of Staff
NFT trading volume on OpenSea has plummeted 99% since January 2022.
FTC Looking Closely at Tech Companies’ AI, Cloud Deals, Says Khan
Khan made the remarks during a trip to the San Francisco Bay Area, where she planned to meet with startup founders.
Sam Bankman-Fried Convicted on All Counts
A federal jury found the former FTX CEO guilty on seven counts of defrauding customers and investors.
Apple Revenue Falls, Despite 16% Services Growth
Investors still aren't punishing the iPhone maker for its revenue growth challenges.
BuzzFeed Q3 Revenue Dropped 29%
BuzzFeed's revenue through the first nine months of 2023 is down by more than a quarter as the company seeks to sell its Complex Networks assets.
Paramount Reduces Streaming Losses in Q3
Paramount+, its flagship service, added 2.7 million net new subscribers during the third quarter, ending with a total of more than 63 million globally.
Uber and Lyft’s Driver Costs to Rise in New York
Investors shrugged off the companies' settlement with New York's attorney general.
Amazon’s Pricing, ‘Buy Box’ Secrets Detailed by FTC
The new details underscore Amazon’s immense power over sellers.
Musk Says Starlink Has Breakeven Cash Flow
Starlink’s satellite internet service is a growing revenue driver for the $150 billion company.
Shares of Analytics Firm Confluent Sink 40% On Poor Revenue Outlook
The results raise questions about whether the enterprise software industry is recovering from customer pullbacks.
Shopify Shares Jump as Logistics U-Turn Pays Off
The company expects its profitability to improve in the current quarter.
Sheryl Sandberg Sets Up ‘Venture Partners’ Firm With Husband Bernthal
The new firm will use the couple's personal money to invest in 'great entrepreneurs.'
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.
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