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Steve LeVine @ The Information · 01/18/2024 07:30 EDT

The Electric: Silicon Anodes and an Emerging U.S. Hub for Next-Gen Batteries

A third U.S. silicon anode maker says it will build a big battery materials plant at Moses Lake, Wash., which is fast becoming a major hub for the production of next-generation silicon anodes. California-based OneD Battery Sciences said Wednesday that by the middle of 2027 it will begin manufacturing enough silicon-based anodes at Moses Lake to equip 500,000 electric vehicles a year, substantially boosting their driving range and fast-charging capability. Read more ›

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The Information
Jon Victor @ The Information · 01/17/2024 21:28 EDT

Google CEO: Job Cuts Will Continue Through 2024

Google CEO Sundar Pichai on Wednesday acknowledged the company’s recent wave of layoffs for the first time, warning staff in an email that cuts would continue throughout the year, according to a person with direct knowledge of the email. Google in the past week laid off more than 1,000 people across teams including hardware, ad sales and Google Assistant, mirroring recent job cuts at other major companies such as Amazon... Read more ›

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The Information
Martin Peers @ The Information · 01/17/2024 20:00 EDT

So Far 2024 Isn’t Apple’s Year—Will That Change?

The year is still young, but so far it hasn’t been auspicious for Apple. A federal court today ruled against the iPhone maker on its latest appeal regarding a blood oxygen monitoring feature in the Apple Watch, almost certainly meaning Apple will disable the feature on the device while it pursues further appeals. Meanwhile, on Tuesday the U.S. Supreme Court refused to hear Apple’s appeal of a California ruling relating... Read more ›

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The Information
Ann Gehan @ The Information · 01/17/2024 17:31 EDT

TikTok’s Beauty Craze Turns to M&A

Hi - it's Ann. I write about e-commerce and retail for The Information. Before we get into today's column, some breaking news: YouTube is laying off around 100 employees focused on supporting content creators and other partners. The layoffs come amid a reorganization of many of YouTube’s business teams and broader cuts this month at YouTube’s parent company Google. The cuts follow layoffs at Patreon, Linktree and other smaller startups... Read more ›

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The Information
Cory Weinberg @ The Information · 01/17/2024 16:13 EDT

Databricks Preps Employee Share Sale

Databricks, one of the most valuable of the private tech companies, told employees last week it is planning to allow early staffers to cash out some of their shares in the coming months by lining up investors to buy their stock, people familiar with the matter said. In arranging the share sale, Databricks is following in the footsteps of other private tech companies that have run large tender offerings in... Read more ›

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The Information
Stephanie Palazzolo @ The Information · 01/17/2024 11:05 EDT

The Nonprofit Versus For-Profit OpenAI Powder Keg

It’s been nearly two months since OpenAI’s pared-down board started looking for new directors, and so far, it doesn’t have much to show for it. We have yet to see any actual board appointments, though we’ve gotten plenty of news around candidates being approached. The latest one—the CEO of an OpenAI quasi rival—is an interesting example. As Natasha and I reported yesterday, OpenAI board director Adam D’Angelo called Databricks CEO... Read more ›

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The Information
Theo Wayt @ The Information · 01/17/2024 10:53 EDT

Why Shopify Has Payments Power Over Amazon

For Amazon, providing customer checkout and delivery services to merchants that don’t sell on its site offers a tantalizing growth opportunity. But to take full advantage of it, Amazon has to figure out how to work with archrival Shopify, which is a key gatekeeper because it sells e-commerce software to millions of mostly small online merchants. Now Amazon has agreed to let Shopify handle payments Amazon has traditionally arranged itself.... Read more ›

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The Information
Natasha Mascarenhas @ The Information 3 place · 01/17/2024 09:00 EDT

Behind OpenAI Meltdown, Valley Heavyweight Reid Hoffman Calmed Microsoft Nerves

Minutes after OpenAI’s board of directors announced it had fired CEO Sam Altman on Nov. 17, venture capitalist Reid Hoffman received a call from Microsoft CEO Satya Nadella. The board’s decision shocked executives at Microsoft, which had agreed to invest more than $13 billion in the fast-growing artificial intelligence startup. Nadella wanted to know if Hoffman, a Microsoft director who had previously served on OpenAI’s board, had any explanation beyond... Read more ›

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The Information
Jessica E. Lessin @ The Information · 01/17/2024 07:00 EDT

Our New Look for the Next Era

Today marks a significant milestone for us at The Information. I am thrilled to unveil a redesign of our site and a new logo. Overall, we redesigned more than 200 pages—a massive undertaking from our incredibly talented team. When we launched 10 years ago, we offered subscribers one type of article: exclusive news about the most important tech companies. Today, a team of dozens of journalists around the world produce... Read more ›

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The Information
Martin Peers @ The Information · 01/16/2024 20:06 EDT

Why Musk Doesn’t Need More Tesla Stock

You have to hand it to Elon Musk. While most CEOs would scheme behind closed doors to get awarded billions more in stock from their boards, Musk lays it all out there. In a post extraordinary for its bluntness, Musk on Monday said on X he was “uncomfortable growing Tesla to be a leader in AI & robotics without having [about] 25% voting control.” Right now, Musk has about 13%... Read more ›

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The Information
Erin Woo @ The Information · 01/16/2024 18:25 EDT

Snap Finds a New Hit With FOMO-Driven Youth

Today I want to start with the words of Jordyn Gilbert, an 18-year-old in Agoura Hills, Calif.: “For teenage girls, it is one of the most helpful things—but also, honestly, like, really toxic.” Gilbert was talking about Snapchat+, Snap’s subscription product, which recently crossed 7 million subscribers. For $3.99 a month, Snapchat+ offers subscribers a cornucopia of features, including the ability to customize the app, access additional AI tools—and find... Read more ›

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The Information
Stephanie Palazzolo @ The Information · 01/16/2024 17:22 EDT

OpenAI Board’s Search for New Directors Includes a Rival

Last month, OpenAI board director Adam D’Angelo called Databricks CEO Ali Ghodsi to see if he might consider joining OpenAI’s board, according to a person familiar with the situation. That kind of request might not seem unusual—except that Ghodsi has positioned Databricks as a kind of anti-OpenAI through its business of helping companies develop AI applications instead of relying on OpenAI’s technology. Ordinarily, companies don’t invite representatives of quasi rivals... Read more ›

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The Information
Stephanie Palazzolo @ The Information 2 place · 01/16/2024 10:00 EDT

ChatGPT Coming To an Army Near You

Last week, OpenAI quietly tweaked the wording in its usage policies. That seemingly simple action could have massive consequences.Most notably, OpenAI removed a previous ban on using its large language models for any military or warfare-related applications. Instead of the ban, the policies now say that OpenAI products can’t be used to “harm yourself or others,” including through weapons development. (This change mostly went unnoticed until The Intercept uncovered it... Read more ›

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The Information
Jon Victor @ The Information · 01/16/2024 09:00 EDT

Google’s Defense Against OpenAI Talent Grab: Special Stock

Even as Google makes a major round of staff cuts, it is tapping a special pool of stock compensation to retain its top artificial intelligence researchers as rival OpenAI lures them with multimillion-dollar pay packages. Select researchers at Google’s DeepMind unit, which is at the center of its most important initiatives, have received large grants of restricted stock worth up to millions of dollars per person, according to people with... Read more ›

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The Information
Steve LeVine @ The Information 1 place · 01/15/2024 07:30 EDT

The Electric: Are Western Companies Surrendering Sodium-Ion Batteries to China?

In recent weeks, two Chinese automakers have released sodium-ion–powered electric vehicles that eliminate lithium, the metal that has powered the EV revolution, a head-spinning signal of a new age in the industry.  Read more ›

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The Information
Nick Wingfield @ The Information 1 place · 01/13/2024 09:00 EDT

The Cost of Social Media Superpowers

Hi, welcome to your Weekend.When it comes to the way people under the age of 25 use their phones, I try to have what Zen Buddhists and certain tech CEOs call a beginner’s mindset. For example, not too long ago I learned that my daughter shares her location through her phone with two dozen college friends and that they all do the same with her. It’s a little hard to... Read more ›

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The Information
Scott Thurm @ The Information 2 place · 01/13/2024 08:55 EDT

Dean Phillips on His Bid to Disrupt Biden—and Trump

Dean Phillips thinks too much government tech policy dwells on the negative. In an interview, the Minnesota congressman—who is mounting a long-shot bid to challenge Joe Biden for the Democratic presidential nomination—said regulations need to prevent “nefarious use” of artificial intelligence, but he’s equally interested in encouraging ways to use AI to improve healthcare outcomes and other positive applications. Ditto for crypto, which he believes can help reduce costs for... Read more ›

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The Information
Martin Peers @ The Information 3 place · 01/12/2024 18:00 EDT

What Netflix’s Stock Recovery—and Ackman’s Mistake—Tells Us

If you want to get under Bill Ackman’s skin right now—without mentioning Harvard University or Business Insider—ask him about his Netflix bet of 2022. The hedge fund manager’s decision in late January of that year to jump into Netflix’s stock, just as it was getting pummeled by investors unhappy with its growth slowdown, would prove to be a multilevel disaster. Not only did Ackman fund the roughly $1.1 billion purchase... Read more ›

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The Information
Cory Weinberg @ The Information · 01/12/2024 17:01 EDT

Crisis at Carta: How Henry Ward’s Dream of a Nasdaq for Private Startups Died

Carta co-founder Henry Ward for years heard venture capitalists tell him the market for software that manages startups’ stock issuances was too small. But Ward proved the skeptics wrong. Sales of Carta’s subscription software tripled in two years to $150 million in 2021, emboldening Ward to launch his long-held vision that year: a stock exchange for startups, or what Ward called the “Nasdaq for private markets.” Enthused by the exchange’s... Read more ›

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The Information
Anissa Gardizy @ The Information 1 place · 01/12/2024 14:47 EDT

Reviled Cloud Fees Come Under Attack

To some companies, renting storage space or other services from a cloud provider can feel like they’ve entered a roach motel: It’s easy to get in but hard to leave. Google on Thursday took a baby step toward changing that perception by eliminating fees it charges cloud customers that want to switch entirely to a rival cloud service or to their own data centers. Google will still charge customers who... Read more ›

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