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The Information
Alex Perry @ The Information 3 place · 06/15/2025 00:14 EDT

Waymo Suspends Robotaxi Service in Los Angeles Due to Protests

Waymo, Google’s self-driving car unit, said Saturday that it suspended its taxi service in all of Los Angeles this weekend due to “upcoming protests”. On Saturday, protestors gathered in Los Angeles, San Francisco and other cities against President Trump’s immigration policies, in what some were ... Read more

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The Information
Abram Brown @ The Information 2 place · 06/14/2025 10:00 EDT

A Poachable AI Godfather?

• The Big Read: Bret Taylor, the Salesforce heir apparent who went rogue • The Top 5: The best Red Bull replacements • Plus, our Recommendations: A jungle mystery; a Florida farce; and “Predator” catches the “Spider-Verse” bugAs you might’ve heard, Mark Zuckerberg has lined up a new AI czar for himself: Alexandr Wang, the 28-year-old billionaire co-founder of Scale AI. Wang’s debut represents a sharp turn in Zuckerberg’s AI... Read more

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The Information
Ann Gehan @ The Information 3 place · 06/14/2025 09:00 EDT

Silicon Valley’s Favorite Alternative Energy Drinks

In Silicon Valley, cutting back on booze has been in vogue for a while. Now the tech elite is going cold turkey on something else: traditional energy drinks like Red Bull and 5-Hour Energy. That’s led to a fresh wave of beverage startups selling elixirs that purport to give an animating jolt to the system but with starkly different ingredients than the drinks that have long crowded grocery store coolers.... Read more

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The Information
Erin Woo @ The Information 3 place · 06/13/2025 21:03 EDT

Google Reportedly Plans to Cut Ties with Scale AI After Meta Deal

Google is planning to stop the majority of its work with Scale AI after rival Meta took a 49% stake in Scale and hired its CEO in a deal announced this week, Reuters reported on Friday. The decision, while not surprising, would still result in a blow to Scale’s business. Google is Scale’s ... Read more

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The Information
Rocket Drew @ The Information 2 place · 06/13/2025 20:24 EDT

23andMe Founder Wojcicki Agrees to Pay $305 Million to Buy Bankrupt Business

Anne Wojcicki, the co-founder and former CEO of 23andMe, will purchase the bankrupt company’s assets for $305 million, the genetic testing company said Friday. Regeneron Pharmaceuticals had agreed to pay $256 million for the bankruptcy assets last month, but the bankruptcy court held a final ... Read more

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The Information
Abram Brown @ The Information 3 place · 06/13/2025 20:00 EDT

Robotaxis Get Real

Flying cars may not have arrived yet, but the long-awaited era of everyday robotaxis is here. And not just in America, if I’m correctly reading signals about the state of the industry from the last several days. They were all equally eye-opening, even if one was a little grim. In Los Angeles, a real-life “Black Mirror” moment played out, with protestors setting fire to several Waymos as part of an... Read more

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The Information
Sri Muppidi @ The Information 2 place · 06/13/2025 19:09 EDT

Ramp in Talks to Raise at $16 Billion Valuation in Round Led by Founders Fund

Ramp, a six-year-old corporate card and expense management startup, is in talks to raise money at a valuation of about $16 billion including the new investment, according to two people with direct knowledge of the fundraising. It is planning to raise about $200 million for the round, according to one of the people. The new funding would be slightly higher than its $13 billion valuation in March, when it arranged... Read more

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The Information
Stephanie Palazzolo @ The Information 2 place · 06/13/2025 18:05 EDT

AI Customer Support Startups Intercom, Kore.ai Discuss Multibillion-Dollar Valuations With Investors

Venture capitalists can’t stop betting on startups that are developing artificial intelligence to automate customer support, including those that are on pace to generate more than $100 million in revenue annually. In the latest examples, Intercom, a customer support software startup founded in 2011, is in talks to sell more than $100 million in shares to investors at a price that values the company at $2 billion or higher, according... Read more

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The Information
Stephanie Palazzolo @ The Information · 06/13/2025 13:51 EDT

Meta, OpenAI, Palantir Tech Execs to Advise U.S. Army on Technology

Three prominent technology executives whose firms develop artificial intelligence said Friday they are joining a new U.S. Army innovation corps to help the military upgrade its technology. Meta Platforms Chief Technology Officer Andrew Bosworth, Palantir Chief Technology Officer Shyam Sankar, ... Read more

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The Information
Alex Perry @ The Information · 06/13/2025 13:38 EDT

Waymo Rides Cost More Than Uber and Lyft, Report Finds

Waymo rides are 30% to 40% more expensive on average than Uber and Lyft on the same routes, according to a recent report by rideshare data analytics firm Obi. The firm analyzed more than 700 ride options across the three apps over the course of a month and found that Waymo’s prices averaged ... Read more

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The Information
Jon Victor @ The Information · 06/13/2025 12:19 EDT

A Marc Benioff Protégé Has Morphed Into Salesforce’s Big Worry

For years, one person has loomed large in the mind of Bret Taylor: his former boss, Marc Benioff. When Taylor quit suddenly as Benioff’s co-CEO at Salesforce after just a year in November 2022, Benioff was an inescapable point of discussion as Taylor sat down with Benchmark’s Peter Fenton to brainstorm ideas for what to do next. He knew if he chose to go up against Benioff, his ex-boss would... Read more

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The Information
Yueqi Yang @ The Information · 06/13/2025 10:20 EDT

Walmart, Amazon Explore Issuing Stablecoins

Walmart, Amazon, Expedia and other companies have explored whether to issue their own stablecoins in the U.S. amid a rush into the market ahead of legislation moving ahead in Washington that would legitimize the tokens, The Wall Street Journal reported. The companies are exploring using ... Read more

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The Information
Anita Ramaswamy @ The Information · 06/13/2025 09:00 EDT

Why OnlyFans May Sell for 75% Less Than It’s Worth

OnlyFans is up for sale. The most obvious question about the porn-centric creator site is not what it will sell for, but what it would fetch if it delivered more socially acceptable content. A deeper analysis of the company, though, raises other important questions about regulations, artificial intelligence and competition. Read more

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The Information
Qianer Liu @ The Information · 06/13/2025 06:23 EDT

U.S. says China’s Huawei Has Limited AI Chip Output in 2025

A senior U.S. official said Huawei Technologies, China’s leading chip developer, has limited capacity to produce artificial intelligence chips this year, suggesting that U.S. restrictions on the export of chip manufacturing equipment to China are proving effective. U.S. Commerce Under Secretary ... Read more

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The Information
Kalley Huang @ The Information · 06/12/2025 21:37 EDT

Meta Finalizes $14.3 Billion Deal with Scale AI

Meta Platforms on Thursday finalized a deal to invest $14.3 billion in Scale AI, according to a Scale spokesperson. Through the deal, Meta will acquire a 49% stake in the data labeling startup. Scale said in a statement that the investment round will value the company at $29 billion, including ... Read more

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The Information
Kevin McLaughlin @ The Information · 06/12/2025 20:48 EDT

Databricks Expects to Hit $3.7 Billion in Annualized Revenue Next Month

AI software provider Databricks expects annualized revenue to reach $3.7 billion by next month, up 50% from last year, according to a company spokesperson. The growth suggests that Databricks is benefiting as more large companies invest in building AI applications from their business ... Read more

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The Information
Natasha Mascarenhas @ The Information · 06/12/2025 20:10 EDT

OpenAI Employees Have Cashed Out $3 Billion in Shares

My colleague Sri Muppidi broke the news Wednesday of OpenAI’s latest fundraising talks as it seeks to raise an unprecedented $40 billion. One previously unreported detail is that SoftBank bought about $240 million in shares from a small group of current and former employees this spring. That deal brought the total share sales by current and former employees to nearly $3 billion since 2021, an unusually large amount for a... Read more

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The Information
Cory Weinberg @ The Information · 06/12/2025 20:00 EDT

In IPO Market, FOMO Replaces Fear

Did you hear that pop? Tech initial public offerings are getting loud, a little silly, and highly profitable for investors again. Banking app Chime’s share price jumped 37% above its IPO price Thursday, its first day of trading on Nasdaq, lifting its market cap past $15 billion. It’s the latest in a string of price pops that are helping to assuage IPO investors’ fears, and instead inject them with serious... Read more

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The Information
Amir Efrati @ The Information · 06/12/2025 19:36 EDT

AWS Aims to Jump-Start AI Agents Business By Revamping Key Cloud Service

Amazon Web Services is revamping a key cloud service for developing and running artificial intelligence in a bid to catch up to Google and Microsoft, The Information reported. AWS is preparing to make it easier for businesses to use a wider array of AI models and other software for ... Read more

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The Information
Anissa Gardizy @ The Information · 06/12/2025 17:13 EDT

Nvidia CEO Thinks Other AI Chip Efforts Will Get Canceled

Nvidia CEO Jensen Huang says he isn’t threatened by the fact that his largest customers—from Amazon Web Services and Microsoft to OpenAI—are trying to build their own chips for artificial intelligence. Speaking to analysts this week in Paris, Huang said Nvidia is improving at such a fast rate ... Read more

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