U.S. Congress Probes Venture Capital Firms on Chinese Investments
American venture firms are under investigation for stakes in Chinese companies, amid increased geopolitical scrutiny.
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Biden Administration Proposes Tougher Merger Guidelines
FTC and Justice Department unveil draft of guidelines that include digital focus.
Microsoft, Activision Blizzard Extend Deal Deadline Until October
The extension comes after U.K. regulators announced they won't be making a final decision on the merger until late August.
Oddity Tech Pops 35% in Market Debut
The debut marks another strong consumer IPO as market shows signs of life.
Apple Tests Chatbot Dubbed ‘Apple GPT’
The move is a sign that the company could eventually integrate text-based conversational AI features into its products.
Nasdaq Halts Crypto Custody Plans
The company will still support firms aiming to launch cryptocurrency ETFs.
Tesla Margins Fall Amid Sales Push
Free cash flow bounced back after a challenging first quarter
Netflix Adds 6 Million Subscribers, Says Password Crackdown Is Working
Netflix generated nearly $8.2 billion in revenue during the second quarter, up 2.7% year over year but below the company's forecast of 3.4% revenue growth.
Stanford University President to Step Down After Probe Into Research
In a separate statement, Tessier-Lavigne said that he will retract three papers and issue corrections on two.
TPG to Buy Nextech for $1.4 Billion as PE Deals Continue Picking Up
Nextech’s current owner, THL, paid $500 million for it in 2019.
Goldman Sachs Profit Falls Sharply, but Execs Show Optimism on Deals
The Wall Street bank was again hurt by the stark slowdown in dealmaking.
Kim Kardashian’s Skims Lands $4 Billion Valuation
The clothing and shapewear brand is reportedly targeting an IPO in the next 12 months.
Oddity Tech Raises IPO Price Range Again
The new price range comes just a day after the company already revised its IPO price upward.
Spain Fines Apple and Amazon $218 Million for Restricting Third-Party Device Sales
The country's competition regulator said a deal between Apple and Amazon unfairly restricted sales of Apple devices by third-party sellers.
Microsoft’s OpenAI-Powered Office 365 Software Will Be Costly
The products will cost an extra $30 per month per person, more than doubling the cost of the cheapest version of Office 365 per seat.
Meta Releases Much-Anticipated Open-Source AI Model, Llama 2
AI developers can use the model for commercial purposes.
Morgan Stanley Profit Falls as Investment Banking Slowdown Persists
Still, results topped expectations, causing shares to climb sharply.
Bank of America Profit Climbs, While PNC Is Pressured
BofA’s trading and investment banking operations pick up during the quarter.
Salesforce Hires Lawyer Who Defended it From Activist Investors
Sabastian Niles, a former partner at Wachtell, Lipton, Rosen & Katz, has a track record of defending companies from activist pressure.
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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