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Martin Peers @ The Information · 03/10/2025 11:39 EDT

Mortgage firm Rocket agreed to buy Redfin at a valuation of $2.4 billion, a 50% premium to where the real estate brokerage has been trading. The companies said the deal would unite firms engaged with two sides of the home buying sector. The deal follows a difficult period of several years ... Read more ›

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The Information
Stephanie Palazzolo @ The Information 1 place · 03/10/2025 10:00 EDT

ServiceNow is buying AI startup Moveworks for $2.85 billion, the enterprise software firm announced first thing this morning, an effort by ServiceNow to get a jump on agent-powered services. We included Moveworks in our Generative AI Takeover List, which you can see here. And now on to the rest of the column…We’ve written a lot about how investors have warmed to AI applications businesses, in part because of how much... Read more ›

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The Information
Martin Peers @ The Information · 03/10/2025 09:29 EDT

ServiceNow will acquire AI startup Moveworks for $2.85 billion in cash and stock, the enterprise software firm said Monday morning, as it attempts to get a jump in the race to sell AI agent-powered software to businesses. Moveworks sells AI assistant software, used by sales teams and to provide ... Read more ›

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Ann Gehan @ The Information · 03/10/2025 09:00 EDT

Celsius’ $1.8 billion purchase of influencer-founded energy drink brand Alani Nu last month sparked fresh hope among investors in startups touting healthier versions of mainstream food and beverage brands. Among the fast-growing brands that could be the next targets for purchase are Good Culture, which sells cottage cheese packaged in single servings, and Chomps, which is targeting $1 billion in retail sales of meat sticks and other snacks this year,... Read more ›

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The Information
Martin Peers @ The Information · 03/09/2025 23:11 EDT

ServiceNow is close to buying Moveworks, a 9-year-old startup that sells artificial intelligence to handle IT support tickets, for $3 billion, according to a person familiar with the deal talks. The deal, if struck, would be a departure for ServiceNow, which has stuck to smaller ... Read more ›

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The Information
Laura Mandaro @ The Information · 03/09/2025 21:49 EDT

President Donald Trump said he was dealing with “four different groups” of potential buyers for TikTok. “A lot of people want it and it’s up to me,” he told reporters on Air Force One Sunday. Trump didn’t elaborate on who the potential buyers are. Some groups, such as one led by former ... Read more ›

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The Information
Juro Osawa @ The Information · 03/09/2025 21:00 EDT

Cohere, one of the earliest venture-backed developers of artificial intelligence models, is teaming up with a subsidiary of electronics giant LG to develop highly localized AI products for businesses in South Korea, the companies said Monday. Canada-based Cohere, which has faced tough ... Read more ›

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The Information
Alex Perry @ The Information 2 place · 03/09/2025 11:10 EDT

Uber and Lyft dominate ride-hailing in North America, a position that has helped them turn cash-burning operations into moneymakers. Now Bolt, an Uber rival in Europe and Africa, is trying to undercut the two ride-hailing companies in their home markets. Earlier this year, Bolt started offering ride-hailing services in Toronto and scooter rentals in Washington through the Hopp app. Bolt is using the same playbook that it uses for its... Read more ›

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The Information
Abram Brown @ The Information 1 place · 03/08/2025 10:00 EDT

Welcome, Weekenders! In this newsletter:• The Big Read: We know how Project Stargate begins• The Top 5: The think tanks that matter to Trump and tech• Plus, our Recommendations: Anne Frank in America; how to make a millennial LOL; and when heart cancer warms the heart  In Washington, time is a malleable concept. In some moments, it seems like nothing there can ever happen fast. And then—zip, zip, zzzzip. The... Read more ›

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The Information
Julia Black @ The Information 1 place · 03/08/2025 09:00 EDT

In the new Trump era, Washington and Silicon Valley are increasingly merged together, with scores of the top tech talent decamping for the capital. And in this upended landscape, a new wave of think tanks has emerged as a critical player. Many of them have direct ties to tech through funding and board members, and all are assembling research and policy proposals that would deeply affect the tech industry in... Read more ›

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The Information
Erin Woo @ The Information 3 place · 03/07/2025 19:49 EDT

The Department of Justice, in a filing Friday, reaffirmed its demand that a federal court should force Google to sell its Chrome browser to remedy the company’s illegal search monopoly. In the filing Friday, the Justice Department reiterated many aspects of its proposed final judgment, including ... Read more ›

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The Information
Anissa Gardizy @ The Information · 03/07/2025 19:27 EDT

Elon Musk’s artificial intelligence company xAI purchased a 1-million-square-foot warehouse in Memphis, Tenn., which it plans to use for its second data center for AI in the area, an executive told The Daily Memphian. Brent Mayo, an xAI manager who worked on xAI’s first Memphis data center, ... Read more ›

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Kaya Yurieff @ The Information · 03/07/2025 18:36 EDT

Kevin O’Leary, the “Shark Tank” host who is working with billionaire Frank McCourt on an effort to buy TikTok’s U.S. assets, said a deal could be a chance to show improved U.S. and China relations. “What do these two leaders want to signal to the world about cooperation?” O’Leary said on Friday ... Read more ›

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The Information
Yueqi Yang @ The Information · 03/07/2025 18:20 EDT

Gemini, the crypto exchange founded by billionaire twins Cameron and Tyler Winklevoss, has filed confidentially for an initial public offering, Bloomberg reported. The exchange is working with Goldman Sachs and Citi as advisers and may go public as soon as this year, the outlet said, citing ... Read more ›

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The Information
Yueqi Yang @ The Information · 03/07/2025 18:04 EDT

The Office of the Comptroller of the Currency announced Friday it has rescinded its crypto guidance issued during the Biden administration, the most significant crypto-friendly pivot by a federal banking regulator so far under the new Trump administration. The OCC said it will no longer require ... Read more ›

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The Information
Martin Peers @ The Information · 03/07/2025 18:00 EDT

Google Is Still Behind in AI. Why?

Here’s an exercise: Try asking a selection of AI chatbots for a list of the big tech news stories of the day. OpenAI’s ChatGPT and xAI’s Grok both deliver a good list of specific stories—ChatGPT even offers links. Google’s Gemini, not so much: Its list is a bunch of vague bullet points with no examples. Gemini’s performance was no better when I asked it, along with ChatGPT and Grok, to... Read more ›

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The Information
Erin Woo @ The Information · 03/07/2025 17:25 EDT

Google DeepMind has disbanded its “product impact unit,” whose goal was to incorporate DeepMind research into Google products, as it attempts to streamline the process of creating AI products, DeepMind leader Demis Hassabis told employees on Thursday. “This move is designed to optimize and ... Read more ›

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The Information
Natasha Mascarenhas @ The Information · 03/07/2025 16:51 EDT

Now that the word is out about the maker of Cursor, an artificial intelligence-powered coding assistant, talking to investors about a new round that would value it at $10 billion, it’s important to explain why a deal may happen at that price.The new valuation—up four times from a deal struck just three months ago—would actually be in line with other recent investments involving high-profile AI startups, as a multiple of... Read more ›

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The Information
Jessica E. Lessin @ The Information · 03/07/2025 16:35 EDT

America’s Crypto Reserve, Nvidia’s $600M Hit & Digg’s Comeback

This week, the gang dissects Trump’s crypto reserve play, the truth about live sports and how nostalgia is sneaking back into everything. YouTube Apple Podcasts Spotify Read more ›

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The Information
Catherine Perloff @ The Information · 03/07/2025 16:32 EDT

AI search startup Perplexity has struck an unusual marketing partnership with The Daily Wire’s The Ben Shapiro Show. Instead of the podcast promoting Perplexity in a typical ad read by the host, Shapiro will use Perplexity to fact check and add context during a segment on his show, Adweek ... Read more ›

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