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Anita Ramaswamy @ The Information · 01/16/2025 10:00 EDT

Of Jack Dorsey’s two business creations, only one looms large in the public consciousness: the company previously known as Twitter. But by some measures, his other company, Block, has been a more successful enterprise. Dorsey has built Block’s original business—Square, which gives small businesses a way to accept credit card payments—into a $7 billion per year business by revenue. Along the way he also built the Venmo-like Cash App into... Read more ›

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The Information
Rocket Drew @ The Information · 01/16/2025 10:00 EDT

As I wrote last month, there’s been a flurry of excitement about applying generative artificial intelligence techniques to robotics, a field that’s generated much hope and plenty of disappointment over the last two decades. Like chatbot makers, robotics companies have relied on humans to manually label data, for example identifying packages in images to train robots to sort boxes. Many have used Scale AI, the data-labelling startup valued at $14... Read more ›

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Nick Wingfield @ The Information · 01/16/2025 09:36 EDT

Blue Origin launched its New Glenn rocket into orbit from Cape Canaveral, Florida, in a major milestone for the quarter-century old space company owned by Amazon’s founder Jeff Bezos. The 320-foot rocket reached orbit and deployed its payload, a prototype of a space vehicle called Blue Ring that ... Read more ›

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The Information
Yueqi Yang @ The Information · 01/16/2025 09:13 EDT

Coinbase says it’s launching a bitcoin-backed loan program that will allow customers to borrow up to $100,000 worth of USDC stablecoins using bitcoin in their accounts as collateral. The loans will be offered through Morpho, a decentralized lending protocol that runs on Base, the blockchain that ... Read more ›

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The Information
Yueqi Yang @ The Information · 01/16/2025 09:00 EDT

Ex-Binance.US CEO Launches Stablecoin-Focused Startup

Brian Shroder, the former CEO of crypto exchange Binance.US, has launched a startup called 1Money, which builds a decentralized payment network dedicated to processing stablecoin transactions. The company says it has raised over $20 million in seed funding from Galaxy Ventures, Kraken Ventures, ... Read more ›

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The Information
Qianer Liu @ The Information · 01/16/2025 08:51 EDT

TikTok Users’ Move to Chinese App RedNote Alarms Beijing’s Censors

A pending ban of TikTok in the U.S. is prompting a flood of TikTok users to try out Chinese social media app RedNote. Chinese regulators aren’t happy. The Cyberspace Administration of China, the country’s Internet watchdog, is concerned that English-language content showing up on RedNote may contain politically sensitive posts that aren’t otherwise allowed on Chinese social media, according to three people with knowledge of the communications between Chinese officials... Read more ›

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The Information
Qianer Liu @ The Information · 01/16/2025 03:14 EDT

Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, reported on Thursday that net income increased 57% to $11.6 billion in the December quarter from a year ago, thanks to strong demand for artificial intelligence chips. TSMC, which manufactures chips for Nvidia and Apple, ... Read more ›

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The Information
Wayne Ma @ The Information · 01/16/2025 00:53 EDT

Apple Eyes Barclays, Synchrony to Replace Goldman for Credit Card

Apple is in talks with Barclays and Synchrony Financial to replace Goldman Sachs as the partner for its credit card, Reuters reported Wednesday. The news comes after the CEO of Goldman Sachs told analysts on an earnings call Wednesday that its credit card partnership with Apple might end before ... Read more ›

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The Information
Juro Osawa @ The Information · 01/16/2025 00:18 EDT

The Biden administration is looking for ways to keep TikTok available in the U.S. on Sunday, the day a federal law will ban the app, NBC News reported. Administration officials are exploring options to stop TikTok from immediately shutting down in the U.S., even if the Jan. 19 ban ... Read more ›

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The Information
Martin Peers @ The Information · 01/15/2025 20:00 EDT

Beware companies bearing gifts: They tend to want something. Google’s announcement on Wednesday that it would now include its artificial intelligence tools in its business products such as corporate Gmail, whether customers want the tools or not, was cast as a do-gooder move aiming to bring the power of AI to everyone. The reality is more likely that Google is desperate to get more businesses to use its Gemini-branded AI... Read more ›

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The Information
Anissa Gardizy @ The Information · 01/15/2025 17:50 EDT

The U.S. Commerce Department on Wednesday issued new rules to prevent the world’s most important chip manufacturers, including Taiwan Semiconductor Manufacturing Co., from letting certain Chinese companies access advanced chips, including for artificial intelligence. The new rules, which include ... Read more ›

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The Information
Cory Weinberg @ The Information · 01/15/2025 17:37 EDT

Business has been booming for Anduril. The venture-backed weapons maker doubled revenue to about $1 billion in 2024, say people close to the company, and could get another sales lift from a change in Defense Department leadership under incoming President Donald Trump. The opportunity for growth could position Anduril for an initial public offering as soon as 2026. In the near term, Anduril is offering existing investors an opportunity to... Read more ›

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The Information
Kaya Yurieff @ The Information · 01/15/2025 17:13 EDT

Donald Trump is considering issuing an executive order once he is president that would suspend the enforcement of the U.S. law that could ban TikTok for 60 to 90 days, The Washington Post reported. But lawyers told the Post that a presidential executive order can’t overturn a law passed by ... Read more ›

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The Information
Kaya Yurieff @ The Information · 01/15/2025 17:00 EDT

Before we get to the rest of today’s newsletter, we have the latest update on TikTok. On Tuesday night, my colleague Sylvia and I reported TikTok’s plans to shut off its app for U.S. users on Sunday, the day a U.S. law will ban the app, unless the Supreme Court intervenes.That news is causing quite a stir among creators, their managers and users of the app, who thought they’d still... Read more ›

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The Information
Catherine Perloff @ The Information · 01/15/2025 15:21 EDT

Digital news outlet Axios signed a content licensing agreement with OpenAI, the companies announced today. The partnership will allow OpenAI to train its models with free content from Axios national and local content, or stories the publication doesn’t put behind a paywall, a spokesperson from ... Read more ›

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The Information
Kaya Yurieff @ The Information · 01/15/2025 13:45 EDT

Funding for U.S. creator economy startups roared back in 2024, buoyed in part by excitement about artificial intelligence, after two years of decline. At the same time, dozens of startups agreed to be acquired or shut down, signs that the industry is maturing. Last year, funding for U.S. creator economy startups rose 51% to more than $1.58 billion compared with 2023, according to new data from The Information’s Creator Economy... Read more ›

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The Information
Sean Higgins @ The Information 2 place · 01/15/2025 12:00 EDT

In 2018—after I forgot to call my mom one too many times—a friend and I launched an app that nudges people to take life-enhancing steps such as connecting with family, exercising more and learning new skills. Today we have nearly 40,000 subscribers. Businesses and organizations across the country use our app to improve employees’ health and well-being. We’re proud of the business we’ve built. But we couldn’t have succeeded without... Read more ›

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The Information
Aaron Holmes @ The Information · 01/15/2025 10:39 EDT

Microsoft and Google both rolled out changes to how they bill corporate customers for AI software on Wednesday in an effort to drum up more AI revenue. Microsoft will start letting businesses pay for certain features within its enterprise-focused AI software on a consumption basis, rather than a ... Read more ›

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The Information
Stephanie Palazzolo @ The Information 3 place · 01/15/2025 10:00 EDT

When it comes to the billion-dollar question of where businesses are seeing the biggest returns from conversational AI, automating software development has emerged as an early frontrunner. We have AI software to autocomplete lines of code, AI software to write entire apps, and soon, AI software to test other software.That last one is the focus of Ranger, a year-old startup that’s building AI software to run quality assurance tests for... Read more ›

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The Information
Yueqi Yang @ The Information · 01/15/2025 09:00 EDT

Marc Andreessen and other crypto proponents have complained about how regulators under President Joe Biden have choked off banking services for crypto firms. But even before Donald Trump takes office, some smaller U.S. banks have been quietly expanding services for crypto companies. In recent months, regional bank Western Alliance has been hiring staff to bring on more crypto clients, while Dart Bank, a Michigan community lender, recently jumped into crypto... Read more ›

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12.11.2025 23:37
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