We tend to lionize founders who start companies with the splashiest, most far-reaching consumer products. So Andrew Bialecki of $10 billion marketing tech startup Klaviyo—a name few people even know how to pronounce (it’s “clay-vee-oh”)—isn’t exactly a favorite to headline the next Code Conference.But Bialecki—a Boston-based, 37-year-old engineer who rarely gives interviews anyway—should be famous for taking Klaviyo public without lighting investor cash on fire. That has allowed him to... Read more ›
27
As we detailed in a story on Tuesday, subscribers to new paid offering Meta Verified have complained about their frustrating experiences with human customer support, a key draw of the service. The Facebook and Instagram parent has fixed another early snag, which prevented creators from changing their photo or name once they paid for the $12 a month verification. More flexibility about name changes is good news for creators who... Read more ›
21
Paradigm has established itself as one of the premier crypto-focused investors. More recently, though, it’s had to navigate the blowup of FTX and faced criticism from the crypto community, who took a website redesign to mean the firm was ditching crypto in favor of AI. I took a look at what’s next for Paradigm in a deep dive published last week. One of the most interesting aspects of the story... Read more ›
12
Recent interest in artificial intelligence has focused on large-language models that aim to do everything from writing Shakespearean poetry to solving math riddles. But more entrepreneurs and investors have begun to wonder if LLMs that specialize in one field or another can be better than general purpose LLMs like OpenAI’s.One of those entrepreneurs, former GitHub CTO Jason Warner, may be uniquely positioned to answer this question. Warner helped create GitHub... Read more ›
5
Count Shopify as one of the beneficiaries of the thawing market for initial public offerings. The e-commerce software giant is set for a windfall from a successful debut of Klaviyo, the marketing and data automation startup that priced its IPO at a fully diluted valuation of $9.2 billion late Tuesday. Shopify stands to gain a quick $295 million from a deal it struck with Klaviyo just last year, based on... Read more ›
8
It’s been nearly two years since the last major IPO of a venture-backed company, so in case you forgot what one looked like, Instacart’s big day had many familiar beats. The ringing of the bell. The debate about stock pops. Early investors taking victory laps on TV.The celebration of the long-awaited listing obscured one fact. At the end of the day, Instacart really only took home about $100 million. We’ve... Read more ›
2
Two years ago, VC hype for the creator economy started to merge with excitement for another hot sector: crypto. Companies that focused on creators and incorporated blockchain technologies garnered millions of dollars in new funding. While many of those companies are now flailing, some have still been able to raise capital, especially those embracing the new trend of the moment: artificial intelligence. In recent months, AfterParty, a blockchain-based startup whose... Read more ›
45
All but a handful of artificial intelligence startups typically fall into one of two camps.The first group uses a single large-language model, typically OpenAI’s GPT-4, to power their applications. These startups, which have often raised millions in venture capital, usually say, “If you’ve got the cash, why not use the top-of-the-line model?”But as the number of commercially available LLMs continues to rise (there are now at least 300,000 to choose... Read more ›
11
In late August, Jenny French discovered Instagram had disabled her account. That was a blow, since nearly half the prospects for her U.K. business, which trains physical therapists, jewelry boutiques and other clients on how to increase their Instagram reach, came from the account. But French figured she had an in with Instagram that would allow her to easily resolve the snafu. A few months earlier, the former teacher had... Read more ›
0
This is the time of year when the leaves begin to turn color, Earth, Wind and Fire blares from car stereos, and two tech companies that aspire to be players in consumer hardware—Amazon and Microsoft—show off the gadgets they want you to buy this holiday season. This year, Amazon goes first with an event on Wednesday, followed by Microsoft on Thursday. Already, though, an unexpected personnel change has upstaged the... Read more ›
0
Here’s a question: will European users ever get to join Threads?I’ve been wondering that as I’ve reported on the response by Meta Platforms to increasing European restrictions on the personal data tech companies can share with advertisers. As I wrote Friday, the parent of Facebook and Instagram has been showing some users in Europe—and young people elsewhere—ads that don’t take into account everything they do on Meta’s apps. The Digital... Read more ›
10
As fall approaches, Google and OpenAI are locked in a good ol’ fashioned software race, aiming to launch the next generation of large-language models: multimodal. These models can work with images and text alike, producing code for a website just by seeing a sketch of what a user wants the site to look like, for instance, or spitting out a text analysis of visual charts so you don’t have to... Read more ›
0
When Instacart goes public on Tuesday, at least one shareholder likely to make money is its own customer: grocery giant Albertsons, one of several retailers that quietly struck stock deals with Instacart years ago that remained a closely held secret inside the delivery company, people familiar with the matter said. The grocery company’s stock deal, which hasn’t been previously reported, was tied to a commercial partnership it struck with Instacart... Read more ›
14
Last week, Charter Communications, the No. 2 cable provider, and Walt Disney Co. cut a deal to include Disney streaming services, such as Disney+ and a new ESPN service still in the works, with Charter’s cable television packages. That pact could be a watershed for traditional TV gatekeepers that want a piece of the action from the streaming services they’ve grown to fear. Charter urgently wanted a deal in place... Read more ›
2
Three years ago this week, Tesla CEO Elon Musk presided over a spirited outdoor event that he called “Battery Day.” For years, Musk had teased plans to eventually introduce an affordable mass-market electric vehicle, and now, speaking to a parking lot full of honking fans sitting in Teslas, he explained how he would do it. For more than two hours, in a top-to-bottom reimagination of how to make EV batteries,... Read more ›
0
Ryan Petersen was getting antsy. This March, Petersen had handed over the CEO job at Flexport—the logistics company he’d founded a decade earlier, which had ballooned to an $8 billion valuation in 2022—to veteran Amazon executive Dave Clark. In July, Petersen joined venture capital firm Founders Fund as a partner. But just a few weeks after that, Petersen was focused on Flexport again. By mid-August, Petersen was poking his head... Read more ›
60
Last month, The Information Weekend conducted our first-ever Brain-Body Investment Survey, asking subscribers about their exercise, wellness and beauty practices. The results emphasized Silicon Valley’s willingness to experiment and innovate—not just in their jobs, but on their bodies. Some of the practices respondents jotted down were familiar (massages, facials, personal training). Others practically required a decoder ring (BBL: Is that Brazilian butt lift or broadband light?). To remove any lingering... Read more ›
0
Walter Isaacson is the exotic bird of American letters, a charming and convivial bon vivant and raconteur, the life of many a dinner party, a studious biographer and a generous mentor. He blurbed both of my books, a kindness he’s bestowed on many authors, and he has been nothing but kind and gracious to me over the years. Unfortunately, these admirable and lovely attributes go a long way to explaining... Read more ›
0
Hi, welcome to your Weekend.It’s been another week of all-things Elon Musk, courtesy of Walter Isaacson’s book drop, an appearance in Washington for AI discussions with lawmakers and his opining on the inevitability of a future Chinese invasion of Taiwan at the All-In Summit. The illustration designer Clark Miller created for Adam Lashinsky’s review of the Isaacson book captures this moment perfectly: Musk truly is our Inescapable Man.If you’ve been... Read more ›
0
Whether you’re a freight shipping fan, an IPO market aficionado, a close watcher of the crypto venture capital landscape, or if you’ve ever wondered what happened to Yahoo, there’s something for everyone in The Information’s coverage from this past week. Here are some highlights: Read more ›
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30.11.2024 00:49
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