Shares of database provider Snowflake jumped more than 19% in the wake of its report after dropping less than 1% in regular trading. Investors seemed to be encouraged that the company sailed well past its earlier quarterly product revenue projections and raised its full-year ... Read more ›
0
A bipartisan bill to ban TikTok unless it cuts ties with its Chinese owner, ByteDance, cleared a crucial hurdle in the House of Representatives on Thursday when the House Energy Committee approved it with a unanimous vote. The vote signaled that a long-simmering threat to the app may be boiling over into concrete action. The bill’s quick progress prompted TikTok to reactivate creators to help with lobbying, as it did... Read more ›
0
Here’s an increasingly familiar feeling: You see an image and you can’t tell if it was made or manipulated using artificial intelligence. It’s a big problem, given the potential of fake images to influence elections, among other things. Fortunately, many of the companies whose technology makes it easy to create and spread AI-generated content now are introducing ways to identify and label that content. It may be a while before... Read more ›
0
Less than two years ago, Amazon had big plans to continue its march into the sizable areas of the world where it hadn’t yet officially opened an online store for business. In 2022, it planned to launch local versions of its store that year in at least three new European countries—Ireland, Belgium and Switzerland—according to a person who worked on Amazon’s international business. That same year, it announced plans to... Read more ›
0
Two Tesla veterans have formed a startup to apply X-ray technology to one of the biggest problems for the makers of electric vehicle batteries: finding defects in the batteries as they’re made—and before they cause bigger problems. Read more ›
0
Y Combinator CEO Garry Tan, a longtime venture capitalist, early this year talked with directors of OpenAI about joining the board that governs the artificial intelligence startup valued at more than $80 billion, according to a person who has spoken to board members. The talks were preliminary, and it’s not clear if the board is still considering Tan, whose career has intersected with that of OpenAI CEO Sam Altman. Still,... Read more ›
5
Elon Musk seems to enjoy getting into verbal fisticuffs with other CEOs (as Bob Iger of Disney can attest). But his attacks on OpenAI and its CEO Sam Altman in a lawsuit last week may have a strategic purpose. In artificial intelligence, talent has long been a priceless commodity. And it’s a good bet Musk’s OpenAI battle has something to do with his effort to recruit or retain key employees... Read more ›
0
Linktree, the largest and best known among the dozens of startups offering link-in-bio tools—the landing pages that link creators’ social media accounts to product pages, podcasts and videos—is expanding into social commerce. The seven-year-old startup is testing an affiliate marketing program with Sephora, Revolve and Urban Outfitters. Creators will earn commissions of about 12% to 15%, although it may vary by the brand and product in the future. Linktree won't... Read more ›
0
Nvidia’s rapid climb to become the third most valuable company has drawn comparisons to Cisco, whose success in selling routers during the dot-com boom briefly made it the world’s most valuable public company in 2000. But Matt Wood, a vice president of artificial intelligence products at Amazon Web Services which is among Nvidia’s biggest customers, scoffs at the comparison. That “doesn’t check out for me,” said Wood, citing Nvidia’s inventiveness... Read more ›
0
The AI startup world is something of a paradox right now. We keep hearing talk that we're in a bubble. And there’s no doubt that venture funding for young artificial intelligence startups is (mostly) free-flowing, which is great for founders. But the market isn’t so great for investors, particularly early-stage VC firms which are often competing with big tech firms like Google, Microsoft and Amazon that are jumping in to... Read more ›
6
Snowflake’s new CEO, Sridhar Ramaswamy, who took over from retiring chief executive Frank Slootman last week, inherited an unusual corporate structure. Ramaswamy has only four direct reports, much fewer than CEOs at most technology companies. By comparison, the CEOs of Salesforce and ServiceNow, two other large public software companies, have 12 and seven direct reports, respectively, according to The Information’s Org Charts. The structure reflects how Slootman ran the maker... Read more ›
0
OpenView Venture Partners, the Boston-based venture capital firm whose abrupt decision to wind down late last year epitomized the challenges facing startup investors in the aftermath of the tech funding boom, has figured out its final chapter. The 18-year-old firm plans to return the majority of a $571 million fund it raised a year ago to its limited partners, according to a private presentation it gave to LPs late last... Read more ›
0
IPO watchers are gearing up. We’re likely only a couple of weeks away from the next high-profile IPO, this time of Reddit, a social media service. The first big-name tech debut since last fall’s flurry of offerings from Instacart, Arm and Klaviyo, Reddit’s debut presents a test of investor gullibility. The company has suggested in its IPO filing—and some on Wall Street are echoing the case—that the company could benefit... Read more ›
0
Later this week, I’m heading to South by Southwest, the annual tech and arts festival in Austin. If you’ll be in town, let’s get coffee or some BBQ! I’d also love to see you at The Information’s cocktail party on Friday night here, and our Saturday brunch and panel here. (Be sure to RSVP today, space is limited!)Creators have increasingly become a bigger part of the conference, but this year... Read more ›
0
In the go-go days of 2020–22, venture capitalists poured billions of dollars into African payment startups, enthusiastic about their potential to revolutionize access to financial services on the African continent. Among the lucky startups was Chipper Cash, a San Francisco–based firm that raised $300 million from Jeff Bezos’s Bezos Expeditions, Ribbit Capital and others. In 2021, Chipper expanded into the U.S., advertising instant, no-fee fund transfers to the diaspora of... Read more ›
20
Corporations spend millions every year to ward off and defend against cyberattacks. Those costs increase as hackers evolve their attacks, moving so fast that it often leaves security professionals playing catch-up. The cost to an organization’s bottom line—and its reputation—can be disastrous. But what if security was built right into the product development process? In partnership with Accenture, Aaron Holmes of The Information explored this question with three leaders in... Read more ›
0
We are pleased to announce The Information is expanding our finance team. Last year marked a strong year for the growth of our must-read journalism for finance leaders. From breaking the news of the imminent collapse of Silicon Valley Bank to getting inside the fallout of a disastrous JPMorgan fintech acquisition, The Information reporters got the inside track on important stories the most powerful people in finance follow daily. It... Read more ›
0
Miles Grimshaw, a general partner at Benchmark, is leaving the firm to rejoin Thrive Capital, the New York venture capital firm where he started his career in 2013, according to a Thrive spokesperson. Grimshaw’s departure represents a rare resignation from Benchmark, a storied early-stage venture firm with early bets on Twitter, Uber and Snap. The firm has only six general partners, including Grimshaw, who joined the firm three years ago... Read more ›
0
And now for something completely different, as British comedy troupe Monty Python used to say. It’s no secret in the AI world that Nvidia’s success in selling AI chips lies partly in the chips’ flexibility. Developers can (relatively) easily tweak the chips to run different types of AI models. Taalas, a new AI chip developer, wants to go in the opposite direction.Taalas is developing the exact opposite of customizable chips:... Read more ›
0
“The economic problem of society…is a problem of the utilization of knowledge which is not given to anyone in its totality.” —Friedrich A. Hayek, “The Use of Knowledge in Society” Silicon Valley venture capitalists and many entrepreneurs espouse libertarian values. In practice, they subscribe to central planning: Rather than competing to win in the marketplace, entrepreneurs compete for funding from the Silicon Valley equivalent of the Central Committee. The race... Read more ›
45
Europe’s antitrust bureaucrats have fined U.S. tech firms so many times that another big penalty—this one for nearly $2 billion, levied at Apple over its App Store rules—might seem like just another day in Brussels. But this episode is a little different. For one thing, Europe’s targets don’t usually include Apple. And, perhaps because CEO Tim Cook isn’t used to being on the receiving end of these fines, the European... Read more ›
0
Most popular sources
Business Insider
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24% 1 |
Tech Wire Asia
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20% 14 |
CNET
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7% 2 |
Eurogamer.net
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6% 1 |
The Verge
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5% 4 |
| View sources » | |
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28.11.2024 06:02
Last update: 05:56 EDT.
News rating updated: 12:52.
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