Andreessen Horowitz Said to Seek $10 Billion in New Funds
It would spread the new money in follow-on, AI and manufacturing investments.
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Trump Crypto Partner Abruptly Suspends CEO
Alt5 Sigma, a Nasdaq-listed company amassing a digital store of a cryptocurrency backed by the Trump family, said on Wednesday it suspended its CEO with immediate effect.
Khosla Says Robotics Valuations Are “Getting Bonkers”
Khosla also played down concerns about the circular financing deals that have become more common in AI, saying the key question is which company is taking on the risk.
Tesla Profit Fell 37% in Third Quarter Despite End of Tax Credit Boosting Sales
Tesla also gave an update on its Optimus robot, which is falling behind on ambitious production goals set by Musk.
UK Competition Authority Designates Google, Apple With “Strategic Market Status”
The CMA said in a statement that both platforms have “substantial, entrenched market power" over the mobile phone market.
Reddit Sues Data Scrapers and Perplexity for Unlawfully Accessing Content
The scrapers can access content Reddit blocks through Google search results, and Perplexity pays for this content, Reddit alleges
Meta Cuts About 600 from AI Organization
The layoffs come after the unit, which had about 3,400 employees as of this summer, restructured itself in August.
ShopMy Boosts Valuation to $1.5 Billion With $70 Million in New Funding
The influencer marketing platform says it is profitable and recently launched more features for shoppers.
Amazon Web Services Pushes More Into Advertising Technology
New product can help ad tech firms get onto the cloud, where many still use on premise systems
Microsoft Raises Nadella’s Pay to $96.5 Million
Nadella “positioned Microsoft as a clear artificial intelligence leader for this generational technology shift,” the board wrote.
Sequoia COO Said to Step Down Over Partner Maguire’s Posts
The resignation of the executive followed Shaun Maguire's remarks about New York mayoral candidate Zohran Mamdani.
Anthropic and Google in Talks to Strike Multi-Billion Dollar Cloud Deal
The cloud deal would be be valued in the high tens of billions
Amazon Reportedly Expects to Avoid Adding Hundreds of Thousands of Workers Due to Robots
Amazon expects to avoid hiring more than 600,000 people by 2033 that it would've needed if it didn't have robotics and automation, according to the report.
OpenAI Launches ChatGPT Atlas, an AI-Powered Web Browser
Atlas allows users to use ChatGPT while browsing the web and take actions on users’ behalf
Netflix Posts 17% Revenue Growth, in Line With Projections
The company this year has cut back on its disclosure, making it difficult to assess how much of its growth is coming from new subscribers and how much from pricing or advertising.
Google Cloud Hires Accenture CTO to Bolster Executive Ranks
Google Cloud, which this year has inked large agreements with Meta and OpenAI, is adding a software industry veteran to help improve product development.
Mark Zuckerberg Must Testify in Social Media Harm Trial, Judge Rules
Instagram head Adam Mosseri and Snap CEO Evan Spiegel will also have to testify in the trial, which is scheduled for January.
Fed Explores ‘Skinny’ Master Account as Crypto Firms Seek Access
Stablecoin issuers such as Ripple and Anchorage have been eyeing direct access to the central bank’s payment system through a Fed master account.
Elon Musk Unloads on NASA Chief After SpaceX Comments
Acting NASA chief Sean Duffy said Monday that NASA would seek bids from SpaceX rivals including Blue Origin for a Moon mission.
AWS Returns to “Normal Operations” After Global Cloud Outage
AWS informs customers that it has fixed the issues that led to access challenges for many of the internet's most popular websites and internet services.
Weekday mornings
The Information AM by The Information Staff
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