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Erin Woo @ The Information 3 place · 09/18/2024 14:39 EDT

Google convinced a European Union court to overturn a $1.7 billion fine levied by EU competition authorities over the company’s advertising practices. The victory comes after Google lost separate antitrust cases in Europe and the U.S. The European Commission applied the fine in 2019 after ... Read more

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The Information
Ann Gehan @ The Information · 09/18/2024 12:40 EDT

Amazon announced on Wednesday that it’s adding PayPal as a checkout option for its Buy With Prime feature, which allows brands that don’t sell on Amazon to offer speedy shipping on their own e-commerce sites. Amazon will also allow shoppers to link their Amazon and PayPal accounts beginning next ... Read more

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The Information
Erin Woo @ The Information · 09/18/2024 10:00 EDT

Snap Shows AI Wearables Are Far Off; Salesforce CEO Says Microsoft Sells ‘Science Projects’

Before we get to the main part of today’s column, we wanted to share a juicy tidbit about Nvidia’s $165 million offer to buy artificial intelligence software startup OctoAI, which Anissa broke Tuesday.Most OctoAI shareholders aren’t expected to get much of a payout, but merger documents show the startup’s senior management team would do quite well: Nvidia has offered Octo CEO Luis Ceze $10 million in restricted stock units, and... Read more

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The Information
Sahil Patel @ The Information 1 place · 09/18/2024 09:00 EDT

Google’s YouTube isn’t the focus of the Justice Department’s second antitrust case against Google, now on trial in a Virginia courthouse. The case centers on the tech giant’s dominance of tools used by other companies buying and selling ads across the web and whether that sway hurts independent publishers. But YouTube benefits from Google’s ad-buying tools, which have helped it become the leader in the market for streaming video ads.... Read more

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The Information
Laura Mandaro @ The Information · 09/18/2024 02:02 EDT

Calif. Gov. Gavin Newsom said he is worried about the “chilling effect”  SB 1047, a state bill regulating artificial intelligence developers, would have on the state’s AI industry. Newsom has until the end of the month to sign or veto the bill and he hasn’t yet said what he plans to do. The ... Read more

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The Information
Martin Peers @ The Information · 09/17/2024 20:00 EDT

Instagram’s Teen Safety Act

Meta Platforms has come a long way from the “move fast” days. Instagram’s much-ballyhooed announcement on Tuesday—aimed at protecting teens from creepy adult stalkers as well as from bombardment by overnight notifications—will surely be welcomed by many parents and perhaps politicians. But it took several years of incremental Instagram child-safety updates, multiple laws passed by various state legislatures (many of which the social media industry challenged), lawsuits and a threatened... Read more

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The Information
Yueqi Yang @ The Information · 09/17/2024 18:44 EDT

Crypto Funds Are Hunting for Yield

After a two-year drought of initial public offerings, venture capitalists are finding new ways to return cash to shareholders, we wrote last week. Crypto investors have a few other tools to get capital back to their investors, or limited partners. But they also are facing more hurdles these days.Funds that bought tokens, or digital assets tied to a blockchain-based project, can sell them at token launches. These offerings have fallen... Read more

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The Information
Erin Woo @ The Information · 09/17/2024 18:26 EDT

Snapchat, launched more than a decade ago, has been showing its wear. The app is a jumble of features, from TikTok-like videos (Spotlight) to Maps to its flagship disappearing Stories. With a major redesign unveiled Tuesday, it’s attempting to streamline the way its 850 million monthly users interact with the photo messaging app. Many may have trouble getting used to it, though I found it a lot simpler. The more... Read more

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The Information
Aaron Holmes @ The Information · 09/17/2024 17:58 EDT

Microsoft, BlackRock to Launch $30 Billion Fund to Invest in Data Centers, Power for AI

Microsoft and BlackRock said Tuesday they are planning a $30 billion fund to develop data centers and power plants to power artificial intelligence. The fund would be one of the largest of its kind, though it isn’t clear how much Microsoft is contributing and shows how the company is enlisting ... Read more

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The Information
Anissa Gardizy @ The Information 2 place · 09/17/2024 14:37 EDT

Nvidia has been in advanced talks to buy OctoAI, a Seattle-based startup that sells software to make artificial intelligence models run more efficiently, according to a message sent to shareholders. The purchase would add to a string of small AI startup acquisitions by the AI chip heavyweight, which is trying to strengthen its software and cloud-computing services while U.S. antitrust officials probe its activities. Nvidia has proposed paying about $165... Read more

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The Information
Erin Woo @ The Information · 09/17/2024 14:27 EDT

Snap, the maker of the app Snapchat, on Tuesday announced a new generation of its augmented reality glasses Spectacles. The new Spectacles overlay augmented reality filters over objects in the real world and operate via voice commands and hand gestures. Spectacles wearers can also create ... Read more

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The Information
Sylvia Varnham O'Regan @ The Information · 09/17/2024 11:20 EDT

European eyewear giant EssilorLuxottica has extended its partnership with Meta Platforms to develop smart eyewear for another decade, the company announced Tuesday. EssilorLuxottica has been working with Meta since 2019 on Ray-Ban smart glasses, which allow wearers to make phone calls, stream ... Read more

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The Information
Yueqi Yang @ The Information · 09/17/2024 10:10 EDT

Trump Launches Crypto Project With Scant Details

Donald Trump and his collaborators unveiled a crypto project, World Liberty Financial, on Monday in a livestream on X, though details on what the project does remain unclear. The former president and Republican presidential candidate reaffirmed his support for the U.S. crypto industry but didn’t ... Read more

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The Information
Amir Efrati @ The Information 3 place · 09/17/2024 10:00 EDT

In the artificial intelligence race, competition is fierce. Every big AI developer is watching rivals like a hawk and trying to reverse-engineer or copy their best work, as we’ve reported.What can a leader like OpenAI do to keep its edge? The company’s newly released reasoning model, o1-preview, aka Strawberry, shows one way: by hiding the ball on how the model actually solves problems. Read more

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The Information
Paris Martineau @ The Information · 09/17/2024 09:33 EDT

Instagram Debuts ‘Teen Accounts’ To Quell Child Safety Concerns

Instagram on Tuesday announced a host of new privacy and safety features for young users, including new private accounts for teens and settings intended to curb late-night screen time for people under age 18. The new accounts arrive at a time when Instagram and many other major platforms are ... Read more

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The Information
Jon Victor @ The Information · 09/17/2024 09:00 EDT

Notion, a maker of popular task-management software, is injecting artificial intelligence into every pore of its products, aiming to make it easier for people to draft documents, summarize data and query spreadsheets. AI is also reshaping Notion’s executive ranks. The company recently hired Jackie Rocca, formerly vice president of product management at Salesforce. Rocca oversaw the integration of AI features into Slack, which Salesforce acquired in 2021. Her hire as... Read more

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The Information
Juro Osawa @ The Information · 09/17/2024 02:14 EDT

Meta Bans RT and Other Russian State Media Outlets

Meta Platforms has banned Russian state media outlets including RT and Rossiya Segodnya from its platforms due to allegations that they have engaged in deceptive influence operations, Reuters and other news outlets reported. Meta’s move comes after the Justice Department earlier this month ... Read more

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The Information
Aaron Holmes @ The Information 3 place · 09/16/2024 20:18 EDT

Microsoft Raises Dividend 10%, Plans $60 Billion Share Buyback

Microsoft will raise the quarterly dividend that it pays investors to 83 cents a share, up from 75 cents, beginning in November, the company said late Monday. The software maker will also buy back $60 billion in stock, replacing its previous $60 billion stock buyback that the company initiated ... Read more

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The Information
Martin Peers @ The Information 3 place · 09/16/2024 20:00 EDT

CEO letters to staff are usually written with so much bombast and blather that they say little of note. But that’s not the case with one that came from Amazon CEO Andy Jassy today. Despite a sleepy headline, “Strengthening Our Culture and Teams,” Jassy’s letter delivers some home truths. Most notably, he made it clear that Amazon has evolved into a lumbering bureaucracy, with too many managers and some processes... Read more

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The Information
Anissa Gardizy @ The Information · 09/16/2024 19:41 EDT

Intel to Separate Foundry Business, Strikes AI Networking Chip Deal with Amazon

Intel’s stock jumped more than 8% in after-hours trading after CEO Pat Gelsinger published a memo outlining several ways he plans to revive the firm, including by making an artificial intelligence networking chip with Amazon and receiving more funding from the government. He said the chip ... Read more

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