The Information

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03.11.2025 − 09.11.2025
The Information
Theo Wayt @ The Information 2 place · 11/04/2025 09:54 EDT

Norway’s Sovereign Wealth Fund to Vote Against’s Elon Musk’s Tesla Pay Package

Norway’s sovereign wealth fund plans to vote against Tesla’s proposed $1 trillion CEO compensation package for Elon Musk, the fund said on Tuesday. Norges Bank said in a disclosure that it was “concerned about the total size of the award, dilution, and lack of mitigation of key person risk.” The ... Read more

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The Information
Sri Muppidi @ The Information 1 place · 12/12/2024 18:10 EDT

Google Search challenger Perplexity AI recently projected it will more than double its annualized revenue in 2025 to $127 million, implying it would be generating $10.5 million per month, according to three people who have seen the projections. Perplexity also projected it would quintuple annualized revenue to $656 million by the end of the following year as it tries to lure millions of people to pay for its search service,... Read more

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The Information
Amir Efrati @ The Information · 12/12/2024 17:42 EDT

Broadcom CEO Hock Tan said Thursday the company’s artificial intelligence chip and networking business, which includes designing chips for companies including Google, OpenAI and Apple, could generate tens of billions of dollars in revenue in the fiscal year that ends in November 2027. That ... Read more

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The Information
Sylvia Varnham O'Regan @ The Information · 12/12/2024 17:41 EDT

Google has unveiled a new operating system for augmented and virtual reality devices, along with a new headset it has developed with Samsung, as it accelerates its efforts to get into the AR and VR market. Google’s strategy with XR, as the collective technologies are known, is to focus on ... Read more

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The Information
Rocket Drew @ The Information · 12/12/2024 17:40 EDT

With the Grammys on the horizon, let’s talk about the growing number of startups that are using generative AI to make music. There’s been a wave of investor and founder interest in this technology. But creating music from other music faces major copyright risk. Already, companies including Universal Music Group, Sony Music Entertainment and Warner Records have sued startups Udio and Suno, alleging they infringed copyrighted songs to train their... Read more

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The Information
Martin Peers @ The Information · 12/12/2024 16:39 EDT

ServiceTitan, which sells software to plumbers, roofers and other tradespeople, ended its first day of trading as a public company with a 42% lift in its stock price to $101, compared with its IPO price of $71. The robust opening day reflected both a recent rally in small software firms and an ... Read more

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The Information
Jing Yang @ The Information 2 place · 12/12/2024 14:55 EDT

TikTok Suitor Bobby Kotick Waits for Trump

Former Activision Blizzard CEO Bobby Kotick remains interested in buying TikTok, said people familiar with Kotick’s thinking, but he is expected to wait until Donald Trump takes office before moving ahead with an offer. Barring a last minute court intervention, TikTok has until Jan. 19 to sever its ties with its Chinese parent ByteDance or be banned, under a law passed earlier this year. Donald Trump takes office on Jan.... Read more

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The Information
Aaron Holmes @ The Information 1 place · 12/12/2024 13:52 EDT

Google CEO Expected to Meet with Trump Thursday

Google CEO Sundar Pichai is expected to fly to the Mar-a-Lago Club in Palm Beach, Fla., Thursday to meet with President-elect Donald Trump, according to a person briefed on the plans. The meeting comes as Trump has signaled a desire to crack down on Google and other big tech companies that he has claimed are biased against him and conservatives, although Trump has softened his stance on Google in recent... Read more

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The Information
Anissa Gardizy @ The Information · 12/12/2024 12:37 EDT

Crusoe, which develops data centers for artificial intelligence developers such as OpenAI, raised $600 million in a deal led by Founders Fund, confirming The Information’s prior reporting about the fund’s involvement. Nvidia, Fidelity, Long Journey Ventures and Valor Equity also participated in ... Read more

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The Information
Yueqi Yang @ The Information · 12/12/2024 12:29 EDT

Brian Quintenz, the head of policy at Andreessen Horowitz’s digital asset arm a16z crypto, has emerged as a top contender to be Commodity Futures Trading Commission chair under President-elect Donald Trump, Bloomberg reported. Quintenz, a former CFTC commissioner, has been interviewed for the ... Read more

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The Information
Sahil Patel @ The Information · 12/12/2024 11:23 EDT

YouTube TV is hiking its prices up by $10 per month, demonstrating that even for customers of newer, streaming-based cable TV-like services, paying for cable remains an expensive option. YouTube said the price of the base plan for YouTube TV will go up to $82.99 per month, effective immediately ... Read more

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The Information
Theo Wayt @ The Information · 12/12/2024 11:03 EDT

President-elect Donald Trump said he plans to meet with Jeff Bezos next week. “Jeff Bezos is coming up next week,” Trump said on CNBC after ringing the bell at the New York Stock Exchange Thursday morning. Earlier in December, the Amazon and Blue Origin founder said he was “very optimistic” ... Read more

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The Information
Anita Ramaswamy @ The Information · 12/12/2024 11:00 EDT

Initial public offerings were once about financing a tech company’s future hopes and dreams. More and more, however, IPOs are about looking backward—paying down debt or allowing early backers to sell some of their shares. Take ServiceTitan, which makes business software for tradespeople and is set to go public Thursday on the Nasdaq. The company plans to use around half of the about $625 million it is raising to repay... Read more

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The Information
Scott Thurm @ The Information · 12/12/2024 11:00 EDT

Readers of The Information overwhelmingly oppose President-elect Donald Trump’s plans to increase tariffs and believe they will hurt the technology industry, according to our most recent survey. Survey respondents also turned pessimistic about the outlook for tech, despite a rising stock market since Trump won reelection last month. For the first time in four months and only the third time since we began monthly surveys last year, more respondents said... Read more

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The Information
Ann Gehan @ The Information · 12/12/2024 10:56 EDT

Walmart-backed fintech One is nearing a deal for more than $300 million in fresh funding from the retail giant and the investment firm Ribbit Capital, according to a person with knowledge of the plans. The funding round will value One at $2.5 billion before the new capital, the person said. One ... Read more

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The Information
Stephanie Palazzolo @ The Information · 12/12/2024 10:00 EDT

A year after Google first gave developers a look at its Gemini AI—the search giant’s answer to OpenAI’s popular GPT models—the company has now revealed the second generation of its conversational AI models, Gemini 2.0.Google announced on Wednesday a new, experimental version of Flash, its smaller and cheaper AI, as well as new AI assistants and agents that can help users with tasks like building spreadsheets, browsing the web and... Read more

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The Information
Sahil Patel @ The Information · 12/12/2024 09:05 EDT

BuzzFeed has sold First We Feast, the maker of the popular food and interview video series “Hot Ones,” to an affiliate of Soros Fund Management for $82.5 million. The all-cash deal, combined with cash BuzzFeed already has on hand, will give it enough money to cover the nearly $124 million it ... Read more

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The Information
Stephanie Palazzolo @ The Information · 12/12/2024 09:00 EDT

OpenAI has a lot of rivals nipping at its heels. None of them has given the company’s executives the jitters quite like Anthropic has, though. Earlier this fall, OpenAI leaders got a shock when they saw the performance of Anthropic’s artificial intelligence model for automating computer programming tasks, which had gained an edge on OpenAI’s models, according to its own internal benchmarks. AI for coding is one of OpenAI’s strong... Read more

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The Information
Martin Peers @ The Information · 12/12/2024 08:43 EDT

Warner Bros. Discovery took the first step towards a potential breakup, announcing it was reorganizing its operations into two distinct divisions, one housing its traditional TV networks and another housing its streaming services and film studios. In a statement, WBD said the new corporate ... Read more

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The Information
Wayne Ma @ The Information · 12/12/2024 01:58 EDT

The main chip in Huawei’s newest flagship smartphone is only an incremental upgrade over its predecessor, according to a teardown by research firm TechInsights. The small update to the processor suggests that advancements in China’s chip-making abilities have slowed. Huawei surprised the ... Read more

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The Information
Rocket Drew @ The Information · 12/11/2024 21:36 EDT

Echo AI, whose generative artificial intelligence tools allow companies to analyze customer conversations, has been bought by Calabrio, a maker of software for contact centers that’s owned by private equity firm Thoma Bravo, according to Echo CEO Alexander Kvamme. Seven-year-old Echo was one of ... Read more

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12.11.2025 17:31
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