Uber’s Free Cash Flow More Than Doubles as Bookings Growth Picks Up
Uber's bookings growth has picked up after slowing in recent quarters.
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WeWork Files For Bankruptcy Protection in Federal Court
Company also seeks to restructure its secured notes and get out of some of its office leases
OpenAI Cuts Prices, Gives Customers Copyright Protections
The company's announcements up the ante with rivals such as Anthropic, and they could hurt several other startups.
Klarna Reports First Operating Profit Since 2019
The buy now, pay later firm posted a $12 million operating profit during the third quarter.
Index Ventures Offers Millions to Creators of a Key Open-Source AI Model
The startup received investor interest to raise at around $100 million valuation prior to incorporating.
Palo Alto Networks Says It Will Acquire Talon Cyber Security
The deal is the latest in a string of acquisitions by Palo Alto Networks.
Slack CEO Becomes Bumble CEO as Founder Steps Aside
Slack CEO to join, plans to incorporate more AI capabilities
Disney Hires PepsiCo Executive as New Finance Chief
Hugh Johnston, a longtime PepsiCo executive, will join Disney on December 4. Disney's interim CFO Kevin Lansberry will return to his previous role.
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.
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.
Weekday mornings
The Information AM by The Information Staff
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