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The Information
Sahil Patel @ The Information · 12/09/2024 12:22 EDT

Comcast and Warner Bros. Discovery have announced a new multi-year TV and streaming distribution deal which includes the ability for Comcast-owned cable TV operator Sky to bundle an ad-supported version of the Max streaming service when it finally launches in the U.K. in early 2026. Sky had ... Read more ›

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The Information
Kaya Yurieff @ The Information · 12/09/2024 10:37 EDT

TikTok Asks Court To Suspend Ban Ahead of Supreme Court Appeal

TikTok on Monday asked a federal court for a temporary injunction to prevent the app from being banned in the U.S. early next year as it appeals the case to the Supreme Court. On Friday,  the U.S. Court of Appeals for the D.C. Circuit unanimously upheld a U.S. law forcing a ban of TikTok on ... Read more ›

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The Information
Stephanie Palazzolo @ The Information · 12/09/2024 10:20 EDT

Big news! I’m hearing that an updated version of OpenAI’s video generation model, Sora, is coming this week. This is likely the culmination of the work the company has been doing to train a new version of the model that can quickly generate clips that are higher in quality and longer than the ones it demonstrated earlier this year, as we reported in September. That’s bad news for video AI... Read more ›

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The Information
Catherine Perloff @ The Information · 12/09/2024 10:16 EDT

Omnicom is acquiring Interpublic Group for stock currently valued at around $12.4 billion, the companies announced today. The deal, the most significant merger in the ad agency sector in more than a decade, suggests the ad industry feels the need for greater scale so it can better compete with ... Read more ›

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The Information
Aaron Holmes @ The Information · 12/09/2024 10:00 EDT

Microsoft has a new pitch to persuade businesses to spend money on artificial intelligence–powered services: If you use them, you won’t need as many employees. The potential of AI to replace human workers is an old idea, but one most companies have avoided bringing up explicitly, for fear of suffering reputational harm and political attacks. But as tech companies try to overcome customer uncertainty about the value of AI, they’re... Read more ›

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The Information
Jing Yang @ The Information 2 place · 12/09/2024 09:00 EDT

A key group of Amazon sellers is becoming a lot less loyal to the shopping giant. China-based merchants such as kitchenware seller Carote have added sales through longtime Amazon rivals like Walmart, with Carote’s share of revenue coming through Walmart up to 18% in 2023 from less than 2% a year before. Apparel company Zibuyu Group, meanwhile, is relying more on new sites like TikTok Shop to drive U.S. sales... Read more ›

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The Information
Jing Yang @ The Information · 12/09/2024 08:01 EDT

Chinese regulators said on Monday that it had opened an investigation into Nvidia for potential violations of anti-monopoly laws concerning an acquisition completed more than four years ago. The State Administration for Market Regulation, which oversees antitrust and other issues, alleged ... Read more ›

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The Information
Jing Yang @ The Information · 12/09/2024 06:57 EDT

Amazon Makes AI-Assisted Tool Available to Chinese Sellers

Amazon is making its artificial intelligence-assisted selling tool available to select Chinese merchants, among other efforts aimed at better supporting sellers in the country. Project Amelia, a generative AI tool that helps independent sellers manage things such as their inventory and product ... Read more ›

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The Information
Sylvia Varnham O'Regan @ The Information · 12/08/2024 14:10 EDT

President-elect Donald Trump’s transition team has invited five major tech companies, including Google, Microsoft and Meta Platforms, to a meeting in mid-December about dealing with online drug sales, according to a person with direct knowledge of the correspondence. A representative for Jim Carroll—the drug czar during Trump’s first term—and Trump’s transition team emailed staffers from the three tech giants Thursday, as well as from Snap and TikTok, to invite them... Read more ›

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The Information
Abram Brown @ The Information 1 place · 12/07/2024 10:00 EDT

Welcome, Weekenders! In this newsletter:• The Big Read: A dawn of another crypto revolution • Power and Influence: Trump’s antitrust cop is a ‘happy warrior’ • The Top 5: Our favorite new corporate merch and gifts. • Plus: Robots who rhapsodize; what Taylor Swift and Legos have in common; and Il Papa and the plotters.What if the AI revolution we’re living through brings far greater positive changes to our lives... Read more ›

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The Information
Nick Wingfield @ The Information 3 place · 12/07/2024 08:00 EDT

Trump Chooses a ‘Happy Warrior’ as His Antitrust Cop

A decade or so ago, Gigi Sohn—then the head of Public Knowledge, an internet rights nonprofit—was working closely with Gail Slater, at the time a legal adviser at the Federal Trade Commission, on the issue of net neutrality legislation. Because the commissioner Slater worked for was a Democrat, Sohn assumed Slater was too, and Slater didn’t give her any reason to believe otherwise—until she ’fessed up one day. “She said,... Read more ›

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The Information
Todd Plummer @ The Information 2 place · 12/07/2024 08:00 EDT

It’s often said that ’tis better to give than to receive, but more often than not, corporate swag leaves both giver and recipient cold. How many times have we left a conference with the same old leaky commuter mug? Or received some drab pen along with a forgettable pad of sticky notes? Swag need not be a source of dismay, however—it’s all just a matter of keeping up with the... Read more ›

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The Information
Rocket Drew @ The Information · 12/06/2024 19:17 EDT

Grok Chatbot Available to All X Users

Elon Musk’s micro-blogging site X will allow all of its users to use Grok, the AI chatbot developed by Musk’s xAI. Free users now get 10 questions every 2 hours, but users can pay for a Premium subscription for more questions. With the change, xAI follows rival AI companies OpenAI and Anthropic, ... Read more ›

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The Information
Martin Peers @ The Information · 12/06/2024 18:00 EDT

TikTok’s Lifespan Shortens

TikTok’s chances of avoiding a ban are fast diminishing. The DC Appeals Court’s decision today, affirming the law passed earlier this year forcing TikTok to cut its ties with its Chinese parent ByteDance or be banned, was a compelling ruling. It’s hard to imagine that TikTok management would come away from it with any grounds for optimism.To be sure, the ruling’s direction was expected: The judges’ questions during the September... Read more ›

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The Information
Kaya Yurieff @ The Information · 12/06/2024 16:41 EDT

TikTok CEO Shou Zi Chew told the video app’s staff that it will seek an injunction to a looming federal law that will force the app to shut down in the U.S. unless it finds a buyer for the operations. “While today’s news is disappointing, rest assured we will continue the fight to protect free ... Read more ›

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The Information
Jessica E. Lessin @ The Information · 12/06/2024 13:39 EDT

Tech executives love to bemoan growing regulation. But, on the pod this week, Aaron Levie, the CEO of enterprise company Box, had a much more nuanced and interesting view. I hope you enjoy, along with a fiery Levie versus Sam Lessin debate over the promise of AI. I'll let you guess where they each netted out! Enjoy! Apple Spotify YouTube Read more ›

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The Information
Kalley Huang @ The Information · 12/06/2024 13:34 EDT

Meta Platforms on Friday released a new version of Llama 3, its flagship open-source large language model. The model, called Llama 3.3, performs as well as one of Meta’s older, larger models but is easier and more efficient to run, Meta CEO Mark Zuckerberg said in a post on Instagram. In the ... Read more ›

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The Information
Yueqi Yang @ The Information · 12/06/2024 12:07 EDT

In 2022, Zach Abrams, co-founder and CEO of stablecoin startup Bridge, was staring into the abyss. The price of TerraUSD—one of the largest of the stablecoins, cryptocurrencies pegged to the U.S. dollar—collapsed, casting a pall on everyone working with stablecoins. Then, a few months later, Sam Bankman-Fried’s FTX imploded. For Bridge, which hadn’t even yet publicly launched any product, it was a grim beginning. “You had this very bad moment... Read more ›

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The Information
Kaya Yurieff @ The Information · 12/06/2024 11:48 EDT

TikTok’s hopes of continuing to operate in the U.S. now rest on intervention of the Supreme Court. The Chinese owned app on Friday lost the first round in its legal efforts to block a law requiring it to sever its ties with its parent, ByteDance, or be banned next month. TikTok is expected to ask the Supreme Court to freeze implementation of the law while it pursues further appeals. Ahead... Read more ›

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The Information
Yueqi Yang @ The Information · 12/06/2024 11:38 EDT

Stock and crypto trading app eToro has hired Goldman Sachs as it plans for a U.S. initial public offering, Bloomberg reported. The company could go public as soon as the second quarter next year, and more banks may be added as advisers, the outlet said. Last year, eToro raised $250 million in a ... Read more ›

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