TikTok CEO to Pledge App Will be Free From Any Government Influence
In prepared remarks to Congress, CEO Shou Zi Chew promised the app would firewall U.S. user data.
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Nvidia CEO Says Generative AI is an ‘iPhone Moment'
Nvidia Founder and CEO Jensen Huang has carved out a leading position in the AI chip market, and now he's aiming to expand that in the cloud.
OpenAI Temporarily Shuts Down ChatGPT After Privacy Bug Leaks Users’ Chat Histories
The incident illustrates the potential privacy shortcomings of AI tools.
New Report to Australian Government Alleges ByteDance Poses Disinformation Threat
The report submitted to the Australian federal parliament's select committee on foreign interference said TikTok shows users more pro-China content than other apps.
FTX Sues Liquidators of Bahamas Unit
The company also delayed its auction for LedgerX, the U.S. derivatives exchange it bought in 2021.
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
The bank had a significant crypto business with clients that included Coinbase and Gemini.
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
The layoffs will take place in the coming weeks, CEO Andy Jassy said, adding to the 18,000 employees Amazon had already cut starting in November.
FDIC Sets Deadline for SVB Bids
The FDIC said it has gotten substantial interest for the bank, though it noted it could still be parceled out.
China Investigates Former Head of Top Chipmaking Firm for Graft
Tsinghua Unigroup Chairman Zhao Weiguo’s case has been handed over to prosecutors, the latest example of high-profile corruption allegations in China’s $100 billion chip effort.
Rippling Raises $500 million to Ease SVB-Linked Payroll Crunch
The round shows how the sudden failure of Silicon Valley Bank snarled the network of relationships between tech startups and the financial institution.
Coinbase Exploring Overseas Derivatives Trading Platform
The move would help Coinbase more closely with Binance, which has a dominant share in derivatives trading.
Silicon Valley Bank Parent, SVB Financial, Files for Bankruptcy
SVB's securities and capital arms aren't included in the filing.
U.S. to Investigate ByteDance Surveillance of Journalists
The U.S. Department of Justice is looking into how TikTok was used to track journalists from the Financial Times and Buzzfeed who broke stories about the popular app.
Tiger Global Writes Down Value of its Venture Funds by 33%
The hedge fund cut about $23 billion from the value of its venture capital funds in 2022.
OpenAI Co-Founder: ‘We Were Wrong’ to Share Research
Recent comments from one of OpenAI's co-founders demonstrate how far it has moved from its initial focus as a research lab.
Microsoft Announces OpenAI-Powered “Copilot” in Office 365 Software
Microsoft hopes the new automation tools will help it generate more revenue and fend off competitors.
Virgin Orbit Pauses Operations Amid Cash Crunch
The company plans to give an update “in the coming weeks.”
YouTube TV Hikes Prices, Cites Rising Content Costs
YouTube's live TV service plans to raise prices from $64.99 to $72.99 per month, starting in April, as TV content costs continue to rise.
Wall Street Banks Rescue First Republic
The federal government helped stitch together a rescue of First Republic Bank.
Weekday mornings
The Information AM by The Information Staff
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