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The Information
Juro Osawa @ The Information · 01/15/2025 03:08 EDT

TikTok is preparing to shut off its app for U.S. users on Sunday, the day a federal law will ban the app, unless the Supreme Court intervenes to block the ban, The Information reported. Under the plan, people attempting to open the TikTok app in the U.S. will instead see a pop-up message ... Read more ›

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The Information
Sylvia Varnham O'Regan @ The Information 1 place · 01/14/2025 23:03 EDT

TikTok plans to shut off its app for U.S. users on Sunday, the day a federal law will ban the app, unless the Supreme Court intervenes to block the ban, according to two people familiar with TikTok’s plans. Abruptly switching off the app, rather than allowing people who have already downloaded it to continue using it, will bring home the impact of the ban to all TikTok’s users. Under the... Read more ›

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The Information
Martin Peers @ The Information · 01/14/2025 20:00 EDT

You might wonder, watching Mark Zuckerberg’s announcements of the past week, whether we’re witnessing a version of the Hollywood movie “Face/Off,” where the Meta Platforms CEO will shortly rip off a mask and reveal himself to be Elon Musk. Aside from Zuckerberg’s moves last week to abandon both diversity, equity and inclusion initiatives and fact-checking in favor of a version of X’s “community notes,” and his talking up the value... Read more ›

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The Information
Cory Weinberg @ The Information · 01/14/2025 18:50 EDT

Visitors to Bryant Park in New York would have had a confusing sight on Tuesday afternoon: Hundreds of startup workers throwing graduation caps into the air and then ice skating in green gowns. That was the celebration cooked up by Industrious CEO Jamie Hodari to memorialize the sale of his co-working startup to $38 billion real estate giant CBRE, in a deal that valued the company at about $800 million,... Read more ›

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The Information
Scott Thurm @ The Information · 01/14/2025 18:42 EDT

SEC Sues Musk for Not Disclosing Twitter Purchase

The Securities and Exchange Commission sued Elon Musk in federal court in Washington, D.C., for not properly disclosing a major purchase of Twitter shares ahead of his takeover of the social media company, Bloomberg reported. In a statement, Alex Spiro, a lawyer for Musk, said Musk “has ... Read more ›

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The Information
Natasha Mascarenhas @ The Information · 01/14/2025 18:25 EDT

American chip pioneer Intel is spinning off its corporate venture capital fund, Intel Capital, into a standalone investment fund, the company said Tuesday. Intel will remain as an investor in the new firm, which has been operating within the business for 30 years. The separation is still in ... Read more ›

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The Information
Kalley Huang @ The Information · 01/14/2025 17:57 EDT

Brazil’s government said on Tuesday that Meta Platforms’ content policy changes last week don’t protect fundamental rights in the country and may lead to violations of laws forbidding some forms of hate speech, such as racial slurs, Reuters reported. Last week, Meta said it would end ... Read more ›

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The Information
Sahil Patel @ The Information · 01/14/2025 17:17 EDT

Warner Bros. Discovery has appointed SoFi CEO Anthony Noto and IAC CEO Joey Levin to its board of directors, bringing the company’s total to 13 board members. WBD said Noto and Levin’s appointments bring two decades of executive experience in media, commerce, technology and mergers and ... Read more ›

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The Information
Kaya Yurieff @ The Information · 01/14/2025 17:00 EDT

As we near Sunday’s effective date of a U.S. law that could ban TikTok, a growing number of U.S. TikTok users are joining another Chinese-owned social app: RedNote. The app, known as Xiaohongshu in Chinese, is similar to Instagram. The movement has helped turn RedNote into one of the most downloaded apps in the U.S. almost overnight. Some users said migrating to another Chinese-owned platform is a sarcastic move in... Read more ›

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The Information
Jon Victor @ The Information · 01/14/2025 16:21 EDT

Executives at software vendors and chief information officers who buy software are starting to agree on one thing: Artificial intelligence models are becoming far less important than the apps that harness them. Many prominent AI apps, including GitHub Copilot, Perplexity search, and Cursor’s coding assistant, previously relied almost entirely on OpenAI but now use models from multiple providers, either because the models are roughly equivalent or because they complement one... Read more ›

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The Information
Aaron Holmes @ The Information · 01/14/2025 15:23 EDT

In 2021, Microsoft CEO Satya Nadella faced a choice involving the company’s Xbox and cloud gaming business. The company could either acquire major game studios to drive more subscriptions to its nascent Game Pass subscription service. Or it could wind down its games business entirely, Nadella told two people at the time. Nadella took the first path, acquiring Elder Scrolls maker Bethesda Studios for $7 billion in 2021 and Call... Read more ›

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The Information
Anissa Gardizy @ The Information · 01/14/2025 14:33 EDT

Biden Releases Executive Order for Half a Dozen Gigawatt-Plus AI Data Centers

The Biden administration signed an executive order to accelerate the development of at least six massive artificial intelligence data centers on federal land—an effort to ensure American companies remain global leaders in AI. The order, which comes one day after Biden published new controls on ... Read more ›

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The Information
Catherine Perloff @ The Information 3 place · 01/14/2025 11:34 EDT

The European Union is reassessing its probes into Apple, Meta, Google and other big tech companies, the Financial Times reported, a move that comes as U.S. tech executives press President-elect Donald Trump to intervene in European regulatory efforts. All decisions and potential fines are on ... Read more ›

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The Information
Sylvia Varnham O'Regan @ The Information 3 place · 01/14/2025 11:03 EDT

Meta Platforms plans a new round of job cuts in the coming weeks, the company told employees on Tuesday, focused on employees who are considered weak performers. In a post on the company’s internal chat system, Meta CEO Mark Zuckerberg said the company would make more extensive performance based cuts during this performance review cycle. Meta’s announcement signals that the social media company’s efforts to rein in costs are continuing... Read more ›

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The Information
Stephanie Palazzolo @ The Information 3 place · 01/14/2025 10:57 EDT

It’s the final week of the Biden presidency, and the administration kicked it off by announcing new export control rules for AI-related technologies, causing quite a stir. The rules aim to limit how many of Nvidia’s artificial intelligence chips other countries or foreign companies can obtain, helping American AI developers companies stay ahead, and to force American companies to develop large AI chip clusters primarily in the U.S.In case you... Read more ›

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The Information
Michael Roddan @ The Information · 01/14/2025 10:48 EDT

JPMorgan has elevated the co-head of its commercial and investment bank, Jennifer Piepszak, to chief operating officer, replacing Daniel Pinto who is retiring from the role at the end of June. Pinto, the right-hand man of CEO Jamie Dimon, is planning to retire at the end of 2026, the bank said ... Read more ›

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The Information
Jing Yang @ The Information · 01/14/2025 09:00 EDT

Chinese-owned bargain seller Temu has spooked Amazon by selling ultracheap household gadgets, electronics and more, oftentimes undercutting the e-commerce giant on price. Now Temu is looking to capitalize on its popularity by going head to head with Amazon in another business: advertising. Temu has started testing selling ad space to merchants that want to promote their products on its site, three people close to the company said, similar to how... Read more ›

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The Information
Juro Osawa @ The Information · 01/13/2025 20:25 EDT

Chinese government officials are evaluating a potential option for TikTok that involves Elon Musk acquiring the app’s U.S. operations, Bloomberg reported. Under one scenario that the officials have discussed, Musk’s social media company X would take control of TikTok’s U.S. business and run it ... Read more ›

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The Information
Nick Wingfield @ The Information · 01/13/2025 20:00 EDT

To those of us who are longtime Sonos customers, it wasn’t much of a surprise that the maker of internet-connected speakers parted ways this morning with Patrick Spence, its embattled CEO. Last May, the company introduced a new version of its mobile app for controlling its speakers. But the updated app left out a number of features that had been available in the older app for years. The changes enraged... Read more ›

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The Information
Jon Victor @ The Information · 01/13/2025 19:57 EDT

Data analytics firm Databricks raised $5 billion in debt in a new round of financing that will help the company offset taxes from employee share sales, Bloomberg reported. The financing, which included loans from Blackstone, Apollo Global Management and Blue Owl Capital, comes on the heels of a ... Read more ›

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12.11.2025 21:06
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