Intel Expands AI Software Business
The company plans to announce the initiative in the coming months.
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Recent Editions
Silver Lake Looks to Take Hollywood Talent Giant Endeavor Private
Silver Lake has a 71% of voting stake in Endeavor, which owns agencies WME and IMG and controls the company that runs UFC and WWE.
Morgan Stanley Chooses Ted Pick to Succeed James Gorman as CEO
Pick, who won a three-horse race to be the next CEO, will take over Jan. 1.
Live Shopping Startup Supergreat to Close; Whatnot Hires Staff
Whatnot, a live-shopping startup, is hiring most of the staff of Supergreat, a beauty-focused livestreaming and shopping app, which will shut down in December.
UPS Will Acquire Happy Returns From PayPal
The deal will expand the companies’ existing e-commerce returns partnership.
Meta’s Q3 Revenue Rises 23% in Return to Healthy Growth Rate
Meta's operating profit margin doubled, showing the impact of cost-cutting and surging revenue.
ServiceNow Lifts Revenue 25%
The revenue growth rate was broadly in line with the past few quarters, suggesting ServiceNow hasn’t been as affected by pullbacks in spending on software by companies as other firms.
Apple Raises Prices for Apple TV+, Other Subscription Services
Apple TV+ will now cost $9.99 per month, a $3 increase as other streaming giants also hike prices.
Amazon Launches AI Ads Tool for Sellers
The new AI tool is the latest example of how Amazon is trying to sell brands on its less popular ad formats.
BlockFi Emerges From Chapter 11 Bankruptcy
Users of BlockFi’s wallet product can begin withdrawing assets and the firm expects to repay other customers in the coming months.
Twitter Alternative Pebble, Formerly T2, Shuts Down
Pebble is the first of the Twitter clones that sprung up in the wake of Elon Musk's takeover to officially shutter.
Microsoft Revenue Rises 13% as AI Sales Accelerate Azure Cloud Growth
CEO Satya Nadella attributed the company’s growth to its new artificial intelligence products.
Snap Revenue Back in Green; COO to Retire
The social media company said its internal forecasts assume year-over-year revenue growth of at least 2%.
Cruise Halts Driverless Vehicles in San Francisco
California suspended Cruise’s testing permitted on Tuesday following an October accident.
Google Revenue Accelerates But Stock Drops as AI Fails to Boost Cloud Sales
Overall revenue rose 11% in the third quarter compared to the same period a year ago, an improvement from 3% and 7% in the first two quarters of 2023.
States Sue Meta Over Alleged Harms Caused by Apps to Young People
The lawsuits come after settlement talks between Meta and the attorneys general fell apart.
Spotify’s Revenue Grows 11% in Q3
Spotify's growth was driven by its ad business, thanks to its podcasting operation.
Amazon Considers Adding Telehealth Services for Pets
Amazon already offers online and in-person health services for people through its One Medical and Amazon Clinic divisions and sells pet supplies through its e-commerce site.
Healthcare Startup Carbon Health Loses $84M in First Half of 2023
The once high-flying healthcare startup is scrambling to cut its losses as it grapples with the end of the tech industry’s fundraising free-for-all period.
Nvidia Cloud Ally Raised $200 Million in Debt Financed by AI Chips
Crusoe struck the deal with Upper90, a New York-based investment firm whose leader called Nvidia’s graphics processing units a “new asset class” for debt.
Weekday mornings
The Information AM by The Information Staff
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