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86 Alibaba Battles for Chinese AI Users With $432 Million Holiday Campaign

The Information
Juro Osawa @ The Information 1 place · today 04:09 EDT

Alibaba Group, the Chinese e-commerce giant, is offering hundreds of millions of dollars in shopping vouchers and other promotions to users of its Qwen AI chatbot app during the Lunar New Year holiday. Alibaba’s effort to boost Qwen’s usage is part of an intensifying battle among Chinese tech ...

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There are plenty of tech luminaries whose correspondence with Jeffrey Epstein has turned up in the files of the disgraced financier. But few of those exchanges are quite like those that Epstein had with Masha Bucher, who is now a well-known venture capitalist. On June 25, 2019, 11 days before Epstein was arrested and charged with sex trafficking of minors, he asked Bucher—who was then acting as a publicist for... Read more

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Jyoti Mann @ The Information · 02/04/2026 15:21 EDT

Meta Platforms is sounding an increasingly bullish note about the first major AI model expected to emerge from its new AI group. The company recently told some staffers in the group, known as Meta Superintelligence Labs, that its next generation large language model, codenamed Avocado, is “now Meta’s most capable pre-trained base model to date,” according to an internal memo, which was viewed by The Information. In the memo, dated... Read more

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Miles Kruppa @ The Information · 02/02/2026 21:13 EDT

Elon Musk rammed through the combination of his space company, SpaceX, with his AI startup, xAI, on Monday, merging the shiniest jewel in his business empire with his most money-losing firm. The deal—which valued xAI at $250 billion and SpaceX at $1 trillion, according to people familiar with the situation—comes as xAI battles to catch up to rivals such as OpenAI, Google and Anthropic. The deal shows how quickly the... Read more

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The Information
Katie Roof @ The Information · 02/02/2026 21:10 EDT

Waymo Raises $16 Billion in Funding at $126 Billion Valuation

Self-driving ridesharing service Waymo said Monday it has raised $16 billion at a $126 billion valuation. The valuation includes the size of the investment, according to an investor in the round. Dragoneer Investment Group, DST Global and Sequoia Capital led the round, it said. Waymo said that ... Read more

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The Information
Sri Muppidi @ The Information · 02/04/2026 21:17 EDT

OpenAI is hiring hundreds of new staffers to expand a technical consulting team that helps large corporations develop custom AI applications and agents to automate employee tasks, according to a person with knowledge of the company’s plans. The hiring effort could help it beat back competition from archrival Anthropic, which has also upped its game in catering to enterprises. It comes as OpenAI prepares to launch a new enterprise offering... Read more

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On Monday, our reporter Jemima McEvoy broke the news that venture capitalist Masha Bucher had deep ties with convicted sex offender Jeffrey Epstein. Their correspondence, released in a dump of more than 3 million pages from the Justice Department Friday, showed Bucher—née Drokova, the name she was using at the time—working as a publicist for Epstein, setting flirty texts and getting advice for her early-stage fund, Day One Ventures. The... Read more

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Welcome, Weekenders! Firstly, I want to tell you about an exciting addition to The Information’s Weekend section: reporter Eli Rosenberg, an alum of The New York Times, The Washington Post and the San Francisco Chronicle. He’ll cover tech wealth and culture—just as a slate of potential mega-IPOs from the likes of SpaceX, OpenAI and Anthropic means everyone in Silicon Valley will have even more money. Read more about Eli and... Read more

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Catherine Perloff @ The Information · 02/04/2026 09:00 EDT

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Martin Peers @ The Information · 02/03/2026 20:00 EDT

It’s CEO replacement time. Both Walt Disney Co. and PayPal named new chief executives on Tuesday, with each appointment symbolizing major business shifts. Disney named parks chief Josh D’Amaro to succeed longtime CEO Bob Iger, who turns 75 next week (D’Amaro is Iger’s second successor, after the first one flopped so badly Iger had to return to save the day.) Disney’s announcement was long expected. PayPal, in contrast, made a... Read more

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