People often ask me how being a founder changes how I report on founders. Let me count the ways! I got the chance to discuss some of them as the gang debated the state of founderhood and some prominent founders of the moment. I hope you enjoy. Apple Spotify YouTube Read more ›
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In November 2020, marketing consultant Sarah Eade Bengard was in St. Barts, mingling at a venture capitalist friend’s beach party, when she noticed something strange. A number of guests had small circular sensors dotting their upper arms. They were continuous glucose monitors, medical devices usually reserved for diabetics who need to track blood-sugar spikes and plunges. “It was definitely the type of group that cares a lot about fitness,” Bengard... Read more ›
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The Information’s readers are using artificial intelligence to create voice-overs for TikTok videos, summarize legal documents and maintain their lawns, among other tasks, they say in interviews.In our recent survey of 593 subscribers, almost 90% said they use AI, and two-thirds of that group said they are paying for one or more generative AI services (see the full survey results here). I spent the week talking to readers about how... Read more ›
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In late September, a stakeholder in Humane received a humbled message from the startup. The Information had just broken the news that OpenAI CEO Sam Altman had been secretly meeting with renowned former Apple designer Jony Ive. The duo was dreaming up the “iPhone of artificial intelligence,” according to later reports, and had been speaking with SoftBank CEO Masayoshi Son about funding their plans. Unfortunately for Humane, the idea sounded... Read more ›
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Amazon’s artificial intelligence growth is a sight to behold. No, the company didn’t report how much money it’s making from AI, and it probably won’t anytime soon. We’re talking about the expanded use of AI buzzwords in its earnings release. References to Bedrock and CodeWhisperer—two generative AI products from Amazon—rose 67% and 200% in the third-quarter release compared to the second quarter, while mentions of Anthropic—the hot AI startup Amazon... Read more ›
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It’s Kalley Huang, reporting from The Information’s Women in Tech, Media and Finance Summit in Yountville, Calif. Creators and influencers are increasingly launching their own companies to expand their audiences and to generate revenue beyond sponsorships. But their names aren’t enough to sell offline brands, said Erin and Sara Foster, the acting and writing sisters who host “The World’s First Podcast,” and have co-founded clothing retailer Favorite Daughter.“Look at Kim... Read more ›
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The coming wave of fintech failures. How to “own your story” while working for a leader like Elon Musk. A regulatory crackdown on artificial intelligence. And the repercussions of bad press on high-profile female founders. These are some of the topics discussed by speakers at The Information’s Women in Tech, Media and Finance conference in Napa Valley, Calif., Thursday. Jackie Reses, CEO of venture-backed Lead Bank that provides financial services... Read more ›
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You might have noticed that Thrive Capital has made a number of bold bets this year, leading massive investments in Stripe, Ramp and OpenAI once again, even as other late-stage investors have pulled back. Special-purpose vehicles helped buttress the firm’s Stripe investment, while lowering the risk of its core fund’s performance. The same could be true of its OpenAI investment.Last week, I reported that Thrive Capital is leading a deal... Read more ›
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Women founders who started their own venture firms say the autonomy has allowed them to alter stubborn industry practices—a benefit that’s worth the risks of failure. “If I'm going to do this, I'm going to build it from the ground up,” said Rachel Holt of her decision to co-found early-stage venture fund Construct Capital in 2020, after more than eight years at Uber. She said “challenges” at existing VC firms... Read more ›
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Congratulations if you already knew that Intel, the American chip pioneer, had started selling artificial intelligence-related software—as opposed to just hardware—to businesses that want to build generative AI apps. I had no idea myself until I wrote a story on Wednesday about Intel expanding that effort. It’s planning to announce the move sometime in the coming months.Before you laugh off the project due to Intel’s also-ran status in the great... Read more ›
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Anduril, the defense tech startup that says it’s trying to build the “Lockheed Martin of the 21st century,” laid out lofty goals to investors early last year. It set its sights on $1 billion in annual revenue by 2026, five times its expectation for $200 million of revenue in 2022. Achieving that ambition will be expensive. The six-year-old startup, valued last year at $8.5 billion by Founders Fund and others,... Read more ›
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A U.S. official said a new Chinese restriction on the export of graphite is a warning that Beijing could also crack down on other materials vital to the electric vehicle industry. Giulia Siccardo, director of the U.S. Department of Energy’s office of manufacturing and energy supply chains, said U.S. auto companies should rethink their reliance on Chinese supplies “that look very cheap and abundant right now [but] may not always... Read more ›
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Meta Platforms CEO Mark Zuckerberg has 34.1 billion reasons to be satisfied with the social network’s third-quarter result, released Wednesday afternoon. That’s how many dollars Meta reported as revenue, near the top end of the company’s guidance, and representing 23% growth over the year-earlier revenue line. That’s a return to the kind of growth rate we saw routinely from Meta before 2022, when a combination of Apple’s restrictions on ad... Read more ›
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It’s all about artificial intelligence.That was the message from Meta Platforms CEO Mark Zuckerberg when he discussed the company’s third-quarter earnings Wednesday on an investor call. Buoyed by strong overall results—the company’s revenue jumped 23% and profit nearly tripled—Zuckerberg said the company’s new AI tools will change the way people use Meta’s apps. These include “Creator AIs,” coming next year, which will help creators interact with fans.That’s all well and... Read more ›
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Intel has been largely left behind as an artificial intelligence boom has catapulted rival chipmakers such as Nvidia and Broadcom. While the once-iconic U.S. chipmaker still hopes to grab a piece of the fast-growing AI chip market, in the short term it is trying something different—selling specialized AI software and services. Intel is working with multiple consulting firms to build ChatGPT-like apps for customers that don’t have the expertise to... Read more ›
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In 2014, Google executives were deeply concerned about a new Apple feature that gave users of its Safari web browser suggestions for websites to visit rather than routing them to Google, which was paying Apple to be the default search engine on that company’s devices. Google forecast a significant revenue hit from the feature, according to a slide deck that the U.S. Department of Justice made public this month as... Read more ›
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Paradigm co-founder Fred Ehrsam is relinquishing his role as managing partner of the crypto-focused firm he co-founded five years ago, I reported yesterday. The writing has been on the wall for a while. As I wrote in my story, Ehrsam—who had previously co-founded Coinbase with Brian Armstrong—has taken a back seat over the past year to the firm’s other co-founder, Matt Huang. After Paradigm received blowback for scrubbing any mention... Read more ›
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If you’re tired of digging through piles of websites and adding “Reddit” to the end of your Google searches, you may want to take a look at this red-hot AI-powered search engine startup—which now has the backing of yet another VC.Perplexity, whose search engine product competes with OpenAI’s ChatGPT and Google’s Bard, is raising around $50 million in funding from IVP at a post-investment valuation of $500 million, Kate Clark... Read more ›
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So far, Apple has pitched its upcoming Vision Pro mixed-reality headset as a tool for working and enjoying various forms of entertainment. But inside the company, employees have also discussed another, more specialized use of the product as a way to diagnose and treat mental health issues, according to people with direct knowledge of the matter. Such features would tap the device’s array of cameras and sensors to measure a... Read more ›
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In AI, Microsoft is outdoing its biggest rival, Google. That’s the big takeaway from the two tech giants’ September-quarter results, released Tuesday. Growth at Microsoft’s Azure cloud unit—and the company generally—accelerated in the quarter, which executives credited to higher-than-expected consumption of AI-related services. Yet in the same quarter, growth at Azure’s smaller rival Google Cloud slowed by nearly 6 percentage points. The most likely conclusion is that Google Cloud isn’t... Read more ›
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29.11.2024 12:28
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