Face it: You’re long past most “arrive by Christmas” shipping deadlines. To alleviate your procrastinator’s panic, we sourced five gift ideas you can purchase online mere minutes before you’re supposed to bestow them. Sometimes experiences are the greatest (and easiest) gift for the person who has everything. Read more ›
27
Hi, welcome to your Weekend.Hard to believe it’s been 14 months since Elon Musk walked into Twitter’s headquarters in San Francisco with his infamous "let that sink in" wash basin. Feels like 14 years, to be honest. In the time since, at least three-quarters of the company has been fired or has voluntarily departed. Those ranks include almost all of Twitter’s top managers.One holdout has been Nick Pickles, the head... Read more ›
45
2024 is going to be a big year for tech. And already, the More or Less gang is taking opposite sides on the launches to come. For our final episode of 2023, it was fun to look ahead (and back) on a wild, wild year. To what we got right and wrong and to a very happy holiday. Episode below, and we'll see you in 2024. https://ti.theinformation.com/more-less-pod/ Read more ›
0
If you think about it, all the traditional entertainment companies—including Disney, Warner Bros. Discovery, NBCUniversal and Paramount Global—theoretically could be acquisition targets next year. But only one will be properly positioned to maximize its appeal to a tech firm like Apple, Amazon or Netflix. That one is Lionsgate, which owns a wide array of film and TV titles including “The Hunger Games,” “Twilight” and the “John Wick” series. And a... Read more ›
0
Cisco Systems’ acquisition of Isovalent, a cloud networking and security startup backed by Google and Microsoft, announced on Thursday, suggests that the enterprise software stock rebound is also boosting startup valuations in the sector. Cisco, a pioneer in data center networking equipment that has shifted to serve cloud customers, is paying around $650 million in cash for the startup, or 32 times its annual recurring revenue, said a person with... Read more ›
27
Nick Pickles has spent much of the last decade getting beaten up before legislative bodies. But one day this August, appearing via video in Canberra, Australia, he was having a particularly brutal time. The Australian Parliament was wrapping up a long-running inquiry into online child sexual exploitation, and David Shoebridge, a Green Party senator from New South Wales, wanted to know how Pickles could testify that his employer, X, as... Read more ›
0
We’ve been surveying our readers monthly since February to gauge their sentiment toward the tech industry and 14 well-known tech companies. In general, we’ve found that readers’ outlook tends to track the performance of tech stocks in the weeks prior to the survey. That relationship broke down this month.Stocks have been on a tear since early November as investors have anticipated lower interest rates. The Nasdaq-100 Technology Sector Index, which... Read more ›
0
ByteDance founder Zhang Yiming was getting impatient. During a video call with executives from the company’s gaming team in Sept. 2022, he complained about a lack of progress at the division, called Nuverse. He also pointed out that user numbers for the ByteDance-owned Moonton game studio hadn’t grown even though its headcount had doubled, according to two people who were in the meeting. “You told me gaming is a long-term... Read more ›
6
Stripe is back! The payments firm, long a favorite of Silicon Valley investors, is enjoying a rebound in business that is surely making those investors who bought into its March fundraising feel pretty, pretty good. Remember, Stripe raised money at a valuation of just $50 billion, a few billion dollars below its original sought-after pricing level and well off its early 2021 peak valuation of $95 billion. At the time,... Read more ›
0
Many investors entered 2023 expecting a holdover of the past year’s doldrums: little dealmaking (except for artificial intelligence), cratering valuations and a growing number of down rounds. They weren’t disappointed—but few if any of them predicted the events that really defined venture capital and startup investing this year: the March collapse of Silicon Valley Bank and the boardroom coup at OpenAI. The catalysts for both were quite different. SVB was... Read more ›
0
Flexport has set ambitious targets for both revenue growth and cost-cutting in 2024, even as it reels from a sagging freight market and its cash pile continues to shrink. The freight company is targeting $330 million in net revenue in 2024, a dramatic increase from current annualized net revenue of less than $100 million, according to people briefed on the figures. Net revenue represents how much customers pay Flexport to... Read more ›
8
Welcome to the last Creator Economy newsletter of 2023—and what a year it’s been!We published 198 newsletters, bringing you scoops about the millions of dollars Meta Platforms paid creators to use their likeness in AI chatbots; TikTok enlisting creators to lobby on Capitol Hill; and startup M&A, including Passes’ merger with Fanhouse and newsletter upstart Beehiiv’s acquisition of ad marketplace Swapstack. Read more ›
0
Last month, OpenAI fired and then rehired CEO Sam Altman. When the dust settled, Open AI emerged looking even more like a for-profit corporation than a nonprofit, with a board that is indistinguishable from those of other tech startups—right down to the lack of diversity. This is a clear departure from the company’s 2015 origins as a nonprofit research group whose mission reflected a widely shared realization—that artificial intelligence is... Read more ›
0
It’s one thing for Google, Microsoft and Nvidia to buy shares of mature artificial intelligence startups at inflated prices. But when venture capitalists known for backing young startups do it, we can’t help but scratch our heads and wonder why.Take Menlo Ventures, which is leading an investment in OpenAI’s most comparable rival, Anthropic, my colleagues reported on Wednesday. The round values the company at $15 billion or higher, at least... Read more ›
60
Payments giant Stripe, a bellwether of the startup world, kept a lid on spending for engineers and salespeople this year after business slowed in 2022. Now it’s reaping the benefits: as revenue growth has re-accelerated, it’s making money again. Stripe’s net revenues—what the firm takes in from payments it processes after it passes a large cut to credit card companies and other financial institutions—grew by about 35% to roughly $1... Read more ›
29
In 2006, the auto industry ridiculed Tesla CEO Elon Musk when he said that over the next few years, he would mass-produce three models of electric vehicles, including a midpriced car. In 2013, with two of those promised EVs in production and the third on the way, Musk drew a new round of skepticism when he doubled down and said he also intended to build a “gigafactory” for batteries, with... Read more ›
15
Akash here. I’m a data reporter with The Information Pro, and as we approach the holidays, Kaya and I have been crunching some numbers about the year we’ve just had. We’ve put together three data points—one chart and two tables—that define 2023.Our first, the chart above, shows how far creator startup funding has fallen this year. Venture funding for creator businesses in the U.S. totaled roughly $800 million through the... Read more ›
0
David Zaslav must like scary movies. The Warner Bros. Discovery CEO met with Paramount Global chief Bob Bakish this week, we and others reported, to discuss a merger, among other things. For the uninitiated, such a combination would put together the Warner Bros. and Paramount film and TV studios, as well as TV networks such as TNT, TBS, Showtime, HBO, CBS and CNN, plus streaming services like Max. Investors quickly... Read more ›
3
Anthropic is in talks to raise $750 million in a venture round led by Menlo Ventures that values the two-year-old artificial intelligence startup at $15 billion not including the investment, more than three times its valuation this spring, according to two people with direct knowledge of the matter. The round hasn't finalized. The final price could top $18 billion, according to a third person. The investment adds to commitments secured... Read more ›
0
After a grim year of many layoffs, The Information’s readers expect better days lie ahead for tech workers. A majority of respondents to our most recent survey said they expect their employers to add staff next year. More than a quarter of respondents said they expect their company’s workforce to grow by more than 10% next year. Less than 20% said they expect their companies to end 2024 with fewer... Read more ›
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Most popular sources
Business Insider
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31% 3 |
Tech Wire Asia
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19% 7 |
CNET
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9% 3 |
Android Authority
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5% 1 |
Tom's Hardware
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5% 1 |
| View sources » | |
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28.11.2024 19:50
Last update: 19:45 EDT.
News rating updated: 02:40.
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