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Sri Muppidi @ The Information · 02/05/2025 09:00 EDT

Why Net Retention Rates Are All the Rage for AI Investors

Investors in artificial intelligence startups have been wowed by the growth of many young AI startups, which are hitting revenue milestones years earlier than a previous generation of software companies did. But they are worried many of those startups won’t be able to hang on to this phenomenal growth—and are hunting for clues on which ones will survive. To do so, they’re zeroing in on a favored metric of enterprise... Read more ›

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Wayne Ma @ The Information · 02/05/2025 06:36 EDT

China’s anti-monopoly regulator is weighing a probe into Apple over its App Store policies, Bloomberg reported. Officials from China’s State Administration for Market Regulation have spoken to Apple executives and app developers since last year, which was before President Donald Trump took ... Read more ›

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Erin Woo @ The Information · 02/04/2025 22:10 EDT

Google has ended a policy against using artificial intelligence for weapons or surveillance, six years after first committing to the restriction. OpenAI made a similar change at the beginning of last year. Google’s new policy says it would use AI responsibly by “implementing appropriate human ... Read more ›

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Jing Yang @ The Information · 02/04/2025 21:53 EDT

The U.S. Postal Services said on Tuesday that it would temporarily suspend acceptance of inbound international parcels from China and Hong Kong Posts until further notice, after President Trump’s order to plug a trade loophole used by the likes of Shein and Temu took effect. Trump on Saturday ... Read more ›

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Alex Perry @ The Information · 02/04/2025 21:14 EDT

Robotaxi company Cruise laid off nearly 50% of its workers Tuesday after parent General Motors stopped Cruise’s robotaxi development work because of increasing competition and problems stemming from a pedestrian accident. GM also said it had completed the purchase, announced in December, to buy ... Read more ›

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Rocket Drew @ The Information · 02/04/2025 20:50 EDT

The federal judge hearing opening arguments in Elon Musk’s lawsuit against OpenAI and its main backer Microsoft, which seeks to block the ChatGPT maker’s conversion to a for-profit company, said it would be unusual for the court to issue the temporary injunction that Musk is seeking. The judge ... Read more ›

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Martin Peers @ The Information · 02/04/2025 20:00 EDT

Tech’s AI-driven capex splurge lives! Google parent Alphabet today said it expected to lay out $75 billion on capital expenditures this year, a 43% lift over 2024. That puts Google very close to Microsoft, which has said it will spend $80 billion building artificial intelligence data centers in its fiscal year ending June. Meta Platforms, with plans to spend as much as $65 billion on capex, is only a little... Read more ›

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Kevin McLaughlin @ The Information · 02/04/2025 18:50 EDT

Shares of Advanced Micro Devices dropped nearly 9% in after-hours trading as investors reacted to a tepid sales forecast for its current quarter and GPU sales figures that show the chip designer is still lagging far behind Nvidia. AMD generated more than $5 billion in sales from the MI300, its ... Read more ›

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Kaya Yurieff @ The Information · 02/04/2025 18:50 EDT

We’re hearing a lot of YouTube creators and media executives have already descended on New Orleans ahead of Super Bowl Sunday. Back at home in rainy Mountain View, Google leaders have been talking up the last national event that boosted YouTube—the 2024 presidential election. In a call with investors late Tuesday, Alphabet CEO Sundar Pichai said more than 45 million viewers in the U.S. watched election-related content on YouTube on... Read more ›

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Cory Weinberg @ The Information · 02/04/2025 18:30 EDT

The U.S. should start a sovereign wealth fund and maybe it should invest in TikTok, President Trump suggested earlier this week. Well, maybe. But if the fund ever does come to life, its money would be arguably better spent on a bigger, more speculative investment: Stargate, the $500 billion OpenAI-SoftBank-Oracle data center expansion that Trump announced last month.Plans for both the sovereign wealth fund and Stargate are hazy and easy... Read more ›

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Erin Woo @ The Information · 02/04/2025 17:54 EDT

Andreessen Horowitz Hires Daniel Penny as Investing Partner

Andreessen Horowitz has hired Daniel Penny, a former Marine acquitted of choking a homeless man to death on a New York subway, as an investing partner in its American Dynamism fund, the fund’s leader David Ulevitch said in an internal memo on Tuesday. “I believe, as I know many of you do, that ... Read more ›

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Erin Woo @ The Information · 02/04/2025 17:27 EDT

Alphabet’s revenue grew 12% year-over-year to $96.5 billion in the fourth quarter of 2024, three percentage points slower than growth in the third quarter, and growth in its rentals of cloud servers slowed by five percentage points compared to the prior quarter. Despite not showing a business ... Read more ›

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Yueqi Yang @ The Information 2 place · 02/04/2025 17:13 EDT

Republican Senator Bill Hagerty on Tuesday introduced a bill to create a regulatory framework on stablecoins, representing the first push in Congress to pass a crypto legislation under the new Trump administration. Stablecoins—crypto tokens pegged to dollars and backed by U.S. treasuries and ... Read more ›

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The Information
Sylvia Varnham O'Regan @ The Information · 02/04/2025 17:12 EDT

Snap’s revenue grew 14% in the last quarter to $1.56 billion, buoyed in part by the growth of its subscription service Snapchat+, which hit 14 million subscribers in 2024. The results triggered Snap’s stock to jump in after-hours trading Tuesday. While the financial report showed bright spots ... Read more ›

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Natasha Mascarenhas @ The Information · 02/04/2025 16:38 EDT

Fintech startup Deel said Tuesday General Catalyst and other investors have bought $300 million in shares owned by early investors. Abu Dhabi-based sovereign wealth fund Mubadala was one of the investors, according to CNBC. The sale valued the startup, which provides payroll and human resources ... Read more ›

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Kalley Huang @ The Information · 02/04/2025 15:31 EDT

Meta Platforms is merging the teams behind Facebook and Messenger into one unit as the company prepares for layoffs across the business next week. Under the change, the head of Messenger, Loredana Crisan, will move to the company’s generative artificial intelligence group, while Facebook’s chief ... Read more ›

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Jon Victor @ The Information 2 place · 02/04/2025 13:25 EDT

The DeepSeek reasoning artificial intelligence, R1, isn’t just a gift to businesses eager to cut their AI costs. American cloud providers looking to boost their server rental businesses moved quickly last week to make R1 available to their customers.So far, however, Amazon Web Services, Microsoft and Google aren’t charging cloud customers to use DeepSeek, which is open source, the same way they charge for other models—based on how much text... Read more ›

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The Information
Catherine Perloff @ The Information · 02/04/2025 12:39 EDT

Spotify Reports First Year of Profitability

Music streaming giant Spotify reported its first full year of profitability this morning, after more than six years of losses as a public company. Operating income in the fourth quarter was 477 million, compared with a loss of 75 million a year earlier, on 16% higher revenue. The company ... Read more ›

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Stephanie Palazzolo @ The Information · 02/04/2025 10:00 EDT

It’s been barely a day since OpenAI released Deep Research, a new ChatGPT feature that helps customers conduct multi-step research. And already it’s gotten at least one rave review.Derya Unutmaz, a professor of immunology at the Jackson Laboratory for Genomic Medicine who’s been testing the feature since he was granted early access on Friday, said he asked Deep Research to write a report on the latest advancements and gaps in... Read more ›

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The Information
Anita Ramaswamy @ The Information 1 place · 02/04/2025 09:00 EDT

The tech industry’s project to build out artificial intelligence is proving even more capital intensive than the peak of the last investment supercycle by oil and gas firms in the mid-2010s. Microsoft, Meta Platforms, Amazon and Alphabet spent an estimated average of 17.2% of their revenues on capital expenditures in 2024, up from 12.7% in 2021, with the figure expected to rise further in 2025. Read more ›

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