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The Information AM
by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
Google Fires Engineer Who Believed Its AI Was Sentient
July 24, 2022 · 10:54 PM PDT
The engineer said he made the determination based on his Christian beliefs.
Elon Musk’s Alleged Affair With Sergey Brin’s Wife Reportedly Damaged the Men’s Friendship
July 24, 2022 · 10:02 PM PDT
The report comes at a time when the Tesla CEO is dealing with other challenges such as his court battle with Twitter.
Twitter Revenue Falls But Stock Stays Flat Thanks to Musk Deal
July 22, 2022 · 2:53 PM PDT
As advertising demand slows, the social media company’s revenue dropped for the first quarter since the beginning of the pandemic.
Instacart Founder to Step Down After Company Goes Public
July 22, 2022 · 1:19 PM PDT
Apoorva Mehta, a co-founder of Instacart, currently serves as executive chairman and member of the board after stepping down as CEO last summer.
Shakeup at Amazon as Policy Chief Jay Carney Departs for Airbnb
July 22, 2022 · 12:09 PM PDT
Though Carney does not officially depart till August, the news of his resignation has already led to changes within the company’s corporate structure.
Samsung Mulls $200 Billion Spending on Texas Chip Plants
July 22, 2022 · 2:33 AM PDT
Samsung's potential plans come as the U.S. Senate is discussing a bipartisan bill to provide funding to beef up domestic semiconductor production.
Blockchain.com Lays Off 25% of Staff
July 21, 2022 · 7:03 PM PDT
The layoffs follow cuts at exchanges including Coinbase, Gemini and NFT Marketplace OpenSea
Ex-Coinbase Exec Charged with Insider Trading
July 21, 2022 · 3:08 PM PDT
The defendants earned roughly $1.5 million after purchasing at least 25 crypto assets before they were listed on the exchange.
Snap Reports Sharp Revenue Slowdown, Shares Plunge
July 21, 2022 · 2:45 PM PDT
The social platform and augmented reality company grew revenue by just 13% year over year, its slowest quarterly rate since going public.
Musk’s Right Hand Man at Tesla is Under Investigation
July 21, 2022 · 1:53 PM PDT
Omead Afshar, a senior director in the office of the CEO, is expected to leave the company
Andreessen Horowitz Announces Miami, New York, LA Offices
July 21, 2022 · 10:09 AM PDT
The venture capital firm says it's "moving into the cloud" and will no longer require dealmakers to come into the office under new operating model.
Amazon Doubles Down on Health Care With $3.9B One Medical Deal
July 21, 2022 · 8:29 AM PDT
Amazon will acquire the concierge medicine practice One Medical in an all-cash deal valued at $3.9 billion.
China Slaps Didi With Nearly $1.2 Billion Fine as Yearlong Probe Ends
July 21, 2022 · 1:10 AM PDT
The end of the Didi probe could spur hopes among Chinese tech executives and investors that the worst may be over in Beijing's crackdown on the sector.
Tesla’s Musk Keeps Car-Growth Goal of 50% Despite Revenue Deceleration
July 20, 2022 · 11:35 PM PDT
“We have potential for a record-breaking second half of the year,” Musk said.
ByteDance Secondary Shares Trade Below $300 Billion in Private Deals
July 20, 2022 · 4:02 PM PDT
Shares in the privately held owner of TikTok traded at $275 billion even as some investors are optimistic about the prospects of an IPO.
Microsoft, Oracle Build Data Path Between Their Clouds
July 20, 2022 · 3:56 PM PDT
After announcing a cloud partnership three years ago, longtime rivals Microsoft and Oracle are now getting even closer.
Esports Heavyweight FaZe Clan Goes Public in $725 Million SPAC Deal
July 20, 2022 · 1:06 PM PDT
The gaming company was previously valued at $1 billion
Google Says It Will Pause Hiring
July 20, 2022 · 9:38 AM PDT
The internal announcement strikes a cautionary note ahead of Google's earning call, scheduled for next week.
U.S. Chip Funding Bill Wins Initial Support in First Senate Vote
July 19, 2022 · 9:40 PM PDT
The support for the $52 billion bill for domestic chip production could pave the way for discussions about additional funding for scientific research.
Netflix Loses 970,000 Subscribers in Second Quarter
July 19, 2022 · 4:45 PM PDT
The streaming giant hung on to more subscribers than it forecast, but the strong dollar cut into profits.
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