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874 Meta Plays Catch-Up, But Is It Working?

The Information
Kalley Huang @ The Information · 04/30/2025 10:00 EDT

Meta Plays Catch-Up, But Is It Working?

Meta Platforms kicked off its first-ever LlamaCon, a conference for AI developers, on Tuesday, unveiling a fleet of new products. They included a standalone smartphone app for its Meta AI assistant and a preview of an application programming interface for developers to access its large language model Llama. The releases put Meta on par with its competitors, but the question remains: What took so long?After all, Meta had been working on its standalone app for Meta AI for at least eight months—two months long

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Anita Ramaswamy @ The Information · 05/08/2026 09:00 EDT

Corning’s Stock Rally Risks Outpacing Reality

Shares of iconic glassmaker Corning Inc. have doubled so far this year to their highest price ever, thanks to surging demand for Corning’s fiber optic cables that connect servers and AI data centers to one another. A partnership Corning announced with Nvidia this week gave the stock another lift. But Corning’s current deluxe valuation, which is now based almost entirely on sky-high expectations for its optics business, might be more... Read more â€ș

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Aaron Holmes @ The Information · 05/08/2026 12:11 EDT

The hedge fund TCI cut almost all of its $8 billion stake in Microsoft, the Financial Times reported Friday, due to what CEO Christopher Hohn described in an investor letter as “uncertainty over Microsoft’s competitive position in the future” as AI threatens to replace existing software like ... Read more â€ș

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Aaron Tilley @ The Information · 05/08/2026 13:49 EDT

Apple and Intel Have Reached “Preliminary” Chip Manufacturing Deal

Apple has reached “a preliminary agreement” with Intel in recent months for manufacturing some of its chips, The Wall Street Journal reported. Earlier, this week Bloomberg reported that Apple was exploring such a partnership with Intel and Samsung. A deal with one of the companies would help ... Read more â€ș

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Laura Bratton @ The Information · 05/08/2026 15:02 EDT

Salesforce’s chief communications officer Carolyn Guss is leaving the sales software giant, according to two people familiar with the matter. One of the people said Guss is joining a new company and that Salesforce will be appointing another chief communications officer soon. Among her ... Read more â€ș

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Laura Bratton @ The Information · 05/08/2026 17:04 EDT

Cursor Staff Meet With xAI Employees as Layoffs, Exits Mount

Cursor is already starting to make its presence known at SpaceX’s AI unit, just weeks after Elon Musk’s firm got an option to buy the coding startup for $60 billion. Cursor staffers have been visiting xAI offices to meet with employees and discuss their work, according to two people with direct knowledge of the companies. Fresh xAI exits have followed, including staff cuts last Friday, the people said. Read more â€ș

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Anissa Gardizy @ The Information · 05/08/2026 17:28 EDT

Exclusive: Anthropic Signs $1.8 Billion Cloud Deal with Akamai

Anthropic is the unnamed customer behind a $1.8 billion cloud deal that Akamai announced on Thursday, according to a person with direct knowledge of the matter. That deal sent the content delivery network provider’s stock soaring 27% on Friday. The seven-year cloud contract—which Akamai ... Read more â€ș

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Julia Hornstein @ The Information 3 place · 05/08/2026 19:09 EDT

Exclusive: Scale Investor Dan Levine Steps Back From Accel

Dan Levine, a partner at Accel known for early startup investments in Scale AI and Vercel, is stepping back from the venture capital firm and will no longer make new investments for it, people familiar with the matter said. The firm disclosed the change to limited partners in recent weeks. It ... Read more â€ș

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Eli Rosenberg @ The Information 2 place · 05/09/2026 10:00 EDT

Billionaire Tax Refugees Flock to Ritzy Nevada Lake Town

Naveen Rao, a longtime California resident, ascended to a rarefied tier of wealth last year when his startup, Unconventional AI, was valued at $4.5 billion. The company is based in Palo Alto, but with the specter of a new tax on billionaires looming over the state, Rao began considering other places to live. Last month, he found one: a $20 million mansion in Incline Village, a charming mountain town on... Read more â€ș

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Abram Brown @ The Information 1 place · 05/09/2026 11:00 EDT

AI Finds Necessity in Frenemies

Welcome, Weekenders! In this newsletter:‱ Tech Culture: Billionaire tax brings new boom time to Tahoe haven‱ Plus, Recommendations—our weekly pop culture picks: “The Interview: What Does Tucker Carlson Really Believe? I Went to Maine to Find Out,” “Hated by All the Right People,” and “Widow’s Bay”A very old proverb comes to mind when I think about this exact period in AI—because, really, it’s a moment when the enemy of your... Read more â€ș

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Shane Burke @ The Information · 05/10/2026 11:01 EDT

Tech’s AI Margin Math Is Getting Messier

Tech companies from Spotify to Uber to Airbnb told investors on their March-quarter earnings calls that AI was making their workers more productive, allowing them to ship more code and handle more customers with the same or fewer employees. Many companies are seeing profit margin improvement as AI is helping them do more while holding their headcount steady or in some cases allowing them to cut jobs. But some companies... Read more â€ș

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15.05.2026 09:05
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