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The Information
Rocket Drew @ The Information · 12/04/2024 17:49 EDT

Veeam, which sells software used by companies to back up their data and protect their data against cyber attacks, has arranged to sell $2 billion of existing shares at a $15 billion valuation. The share sale represents a win for Insight Partners, which bought Veeam for $5 billion in 2020. ... Read more ›

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The Information
Kaya Yurieff @ The Information · 12/04/2024 17:23 EDT

Alex Cooper’s popular “Call Her Daddy” podcast was one of a handful to host Democratic presidential hopeful Kamala Harris in the run-up to November’s election. But she could have hosted both candidates. Donald Trump’s campaign reached out about appearing on the show, Cooper said on stage at the New York Times’ DealBook Summit on Wednesday. “We had a Zoom call with Trump’s team,” she said. “Although I didn’t want to... Read more ›

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The Information
Ann Gehan @ The Information · 12/04/2024 16:11 EDT

Khloe Kardashian is preparing to launch a line of high-protein snacks and popcorn called Khloud with the backing of Michael Kives’ firm K5 Global, deepening the ties between the former talent agent turned investor and the famous family. The collaboration highlights two still-hot areas in an overall sluggish consumer market—companies that promise healthy alternatives to popular products, and brands touted by celebrities and creators with big social media audiences. Khloud... Read more ›

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The Information
Aaron Holmes @ The Information 2 place · 12/04/2024 15:08 EDT

Trump Names Tech Hawk Gail Slater as Top DOJ Antitrust Official

President-Elect Donald Trump on Wednesday named Gail Slater to lead the Department of Justice’s antitrust enforcement, including its ongoing lawsuits against Google and Apple. Slater previously served as a lawyer at the Federal Trade Comission—which shares antitrust enforcement duties with the ... Read more ›

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The Information
Stephanie Palazzolo @ The Information · 12/04/2024 14:47 EDT

OpenAI and defense technology startup Anduril said on Wednesday they would jointly develop artificial intelligence for U.S. anti-drone systems to improve their ability to detect and respond to aerial threats. Anduril said two weeks ago it won a U.S. military contract to develop such systems. The ... Read more ›

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The Information
Yueqi Yang @ The Information · 12/04/2024 14:13 EDT

President-elect Donald Trump has nominated Paul Atkins to be the U.S. Securities and Exchange Commission chair, replacing Gary Gensler, who plans to step down on Jan. 20. In a statement on Truth Social, Trump said Atkins “recognizes that digital assets and other innovations are crucial to Making ... Read more ›

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The Information
Theo Wayt @ The Information · 12/04/2024 12:37 EDT

Washington, D.C sued Amazon Wednesday for providing slower delivery times in two lower-income zip codes than in wealthier sections of the city, which the district’s attorney general said misled customers who paid for Prime subscriptions. In 2022, Amazon stopped using its own delivery network for ... Read more ›

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The Information
Stephanie Palazzolo @ The Information 3 place · 12/04/2024 10:45 EDT

OpenAI’s popular chatbot, ChatGPT, has surpassed 300 million weekly active users, CEO Sam Altman said at the New York Times’ Dealbook Summit on Wednesday. The milestone comes a little more than three months after the chatbot reached 200 million weekly active users and a year after it reached 100 ... Read more ›

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The Information
Theo Wayt @ The Information · 12/04/2024 10:02 EDT

Andreessen Horowitz is leading a $15.6 million Series A fundraising round for HappyRobot, an AI startup focused on the logistics industry that can make calls and negotiate prices. The round values HappyRobot at between $80 million and $100 million including the new capital and also includes Y ... Read more ›

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The Information
Amir Efrati @ The Information · 12/04/2024 10:00 EDT

Amazon’s Message to Nvidia and Anthropic; Andreessen Horowitz’s Latest AI Agent Bet

Amazon has relied on artificial intelligence from Anthropic and hardware from Nvidia to boost its cloud sales growth over the past two years. But at the company’s annual re:Invent conference on Tuesday, executives came out with swagger to change the narrative about how dependent it has been on these outside companies. Amazon CEO Andy Jassy and Amazon Web Services chief Matt Garman each went out of their way to cast... Read more ›

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The Information
Qianer Liu @ The Information · 12/04/2024 09:00 EDT

Apple and Chinese search giant Baidu are working together to add artificial intelligence features to iPhones sold in China next year, according to two people familiar with the situation. But the two companies have run into snags that, if unresolved, could hurt Apple’s hopes of boosting iPhone sales in its second biggest market outside the U.S. Engineers from Apple and Baidu are racing to adapt Baidu’s large language models so... Read more ›

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The Information
Martin Peers @ The Information · 12/03/2024 20:00 EDT

Here’s news we didn’t expect: Apple is endorsing Amazon’s cloud service. That’s what happened on Tuesday at Amazon Web Service’s annual conference, re:Invent, when an Apple artificial intelligence executive, Benoit Dupin, took the stage to talk up AWS—and to mention that Apple is using AWS’ custom-made chips for search and testing its AI chips. That’s quite the marketing coup for AWS. Whether it amounts to anything more than good publicity... Read more ›

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The Information
Cory Weinberg @ The Information · 12/03/2024 18:42 EDT

Ali Ghodsi is taking aim at giants. The Databricks CEO is no longer just sniping at $60 billion competitor Snowflake, but has ambitions for his company to be as big as $300 billion Salesforce, according to Jon Victor’s profile on the everywhere-at-once computer science professor. Reading the piece, I couldn’t help but think about the potential battles to come between the blunt Ghodsi (“I’ve heard the whole range of opinions... Read more ›

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The Information
Kevin McLaughlin @ The Information · 12/03/2024 18:31 EDT

Amazon is adding new features to Q, its AI-powered assistant for developers and business users, that shed more light on the future direction of the product. The big addition is a tie-in that pulls in data from QuickSight, an AWS service for creating charts and graphs from information stored in ... Read more ›

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The Information
Jon Victor @ The Information · 12/03/2024 17:17 EDT

Salesforce said revenue for the quarter ended Oct. 31 rose 8% to $9.44 billion, the same as the prior quarter’s growth rate, indicating that spending on enterprise software has yet to take off again after a prolonged slump. The provider of software used to manage sales slightly raised its ... Read more ›

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The Information
Kaya Yurieff @ The Information · 12/03/2024 17:00 EDT

As shutdowns and acquisitions continue to hit the creator economy, some of the sector’s buzziest pandemic darlings are still chugging along and trying to revamp their businesses. The latest: On Tuesday, Cameo announced it’s making it easier for online personalities to sign up to join the video shoutout service. The startup said its new onboarding process for talent called CameoX has already resulted in 31,000 new personalities joining since testing... Read more ›

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The Information
Rocket Drew @ The Information · 12/03/2024 15:49 EDT

TikTok removed some accounts that had posted comments supporting candidates in Romania’s presidential election, in violation of the platform’s community guidelines on deceptive behavior, representatives for the company told European lawmakers on Tuesday. Some 78 of those accounts with a total of ... Read more ›

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The Information
Natasha Mascarenhas @ The Information · 12/03/2024 15:25 EDT

Brian Singerman, a general partner at Founders Fund who has backed Affirm and Oscar Health, is stepping back from his role at the firm, he announced on Tuesday. In a post on X, Singerman said he is transitioning into the role of Partner Emeritus, a title that usually indicates an investor isn’t ... Read more ›

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The Information
Stephanie Palazzolo @ The Information · 12/03/2024 14:57 EDT

OpenAI has hired its first chief marketing officer: Kate Rouch, most recently the CMO at cryptocurrency exchange Coinbase, the company announced on Tuesday. The announcement continues the spree of executive hires OpenAI has made from high-profile companies this year, including chief financial ... Read more ›

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The Information
Aaron Holmes @ The Information 2 place · 12/03/2024 14:24 EDT

As the U.S. Federal Trade Commission ramps up its sweeping new antitrust investigation into Microsoft, FTC officials have been asking Microsoft's rivals about the impact of its artificial intelligence deals and range of products, according to someone involved in the discussions and a second person briefed on the discussions. Specifically, the FTC is asking about Microsoft’s deal with OpenAI, which grants the cloud giant the exclusive right to run the... Read more ›

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