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In 1966, General Motors opened a new factory in a cornfield in Lordstown, Ohio, 210 miles southeast of Detroit, to manufacture top-selling Chevys and Pontiacs. When it opened, Lordstown was the most modern GM plant, to which the company soon added 26 robots. For workers, though, the plant was a brutal physical experience with a vastly accelerated assembly line. By the 1970s, the factoryâs 7,000 workers, represented by the United Auto Workers union, were in bitter rebellion: The assembly line pumped out Chev
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An East Bay apartment complex has been bought at a price that's well below its prior value. Read more âș
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The relentless decline in the crypto market is about to hit the six-month mark with no end in sight, prompting companies to cut staff and pivot to businesses such as stock trading and prediction markets. Bitcoin has lost half of its value since peaking early last October at $126,080, with other crypto assets down far more. Monthly trading volume for crypto is on track to be the lowest since January... Read more âș
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Anthropic has gained more than a few new fans in recent months (unless youâre Under Secretary of Defense Emil Michael). Thanks to the strength of its automated coding tools, Anthropic more than doubled its annualized sales to $19 billion during the first two months this year. And itâs closing the revenue gap with larger rival OpenAI.But as the Notorious B.I.G. might have predicted, Anthropicâs success is bringing new problems. The... Read more âș
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Please join The Information at the New York Stock Exchange on Monday, April 27, for The Informationâs âFinancing the AI Revolutionâ forum. Hear from top executives and investors on how the rapid build-out of AI is reshaping tech, finance and capital markets. Learn more here.The energy dominance bulls in the Trump administration came to Houston last week to celebrate how U.S. natural gas is driving Americaâs lead in the AI... Read more âș
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Nasdaq will change a rule for its flagship stock index to allow newly public companies to gain entry much more quickly, in a move that would help SpaceX and other companies expected to have gigantic initial public offerings this year. In a rule change outlined Monday and effective May 1, ... Read more âș
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Apple appears to have escalated its crackdown on vibe coding by recently booting one such app out of its App Store for violating its rules. Last Thursday, Apple removed the app, Anything, from the App Store, according to Dhruv Amin, co-founder and CEO of the eponymous startup that makes the app. Appleâs action came a week after The Information reported that the company had blocked updates of vibe coding appsâwhich... Read more âș
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Microsoft on Monday announced new features in its 365 Copilot software, which uses AI features from both OpenAI and Anthropic to automate work in its Office and Teams products. One new feature, called Critique, uses OpenAIâs models to compile research on a topic, and then directs Anthropicâs ... Read more âș
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Apple may have prematurely launched its artificial intelligence product in China. In an iOS update this week, some Chinese users noticed that Appleâs AI features, called Apple Intelligence, finally arrived on their iPhones. But soon afterwards, the update was pulled, according to Bloombergâs ... Read more âș
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Federal prosecutors in Manhattan are exploring whether certain bets on prediction markets have violated insider trading and other laws, CNN reported, citing unnamed sources. Officials for the U.S. Attorney for the Southern District of New York recently met with representatives of Polymarket to ... Read more âș
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Last week, Apple removed vibe coding app Anything from the App Store, The Information reported Monday. Apple told the app maker that it had violated an App Store rule prohibiting apps from rewriting code that changes the functionality of the app. The move comes in the midst of a broader ... Read more âș
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