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Abram Brown @ The Information 3 place · 11/30/2024 10:00 EDT

Welcome, Weekenders! In this newsletter:‱ Shopping: The Information’s 2024 Holiday Gift Guide * E-commerce: A bet on Big Brother billboards ‱ The Top 5: What to wear to Silicon Valley’s holiday parties ‱ Plus, we feast!: A lover scorned and scorched; a buddy film seasoned with punchlines and pathos; the TikToker who cheeses for the camera; and a Campari-nixed Negroni.Reid Hoffman may leave America. Hoffman, one of the most active... Read more â€ș

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The Information
Esther Achara @ The Information · 11/30/2024 08:00 EDT

As every Silicon Valley titan surely knows, assembling a holiday party wardrobe that works across occasions—perhaps time zones, too—requires considerable strategic thinking: Underperformance isn’t an option, and neither is cutting deeply against the cultural grain. Thankfully, stylist Victoria CĂĄrdenas Hitchcock has a bunch of shortcuts for getting it right. To start, “men should look for classic-meets-modern pieces that travel well,” said CĂĄrdenas Hitchcock, who is known for a low-profile, high-luxury... Read more â€ș

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Martin Peers @ The Information 3 place · 11/29/2024 17:00 EDT

While U.S. tech executives were tucking into their turkey on Thursday or guzzling Koia shakes, Australian lawmakers were approving a law that bans children under 16 from having a social media account. Whoa! Australia is a relatively small country whose revenue contribution to Meta Platforms, Snap or TikTok is likely minuscule. But investors have to consider the possibility that the land Down Under is the canary in the coal mine... Read more â€ș

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Catherine Perloff @ The Information · 11/29/2024 16:23 EDT

A group of leading Canadian publishers including the Global and Mail and the Canadian Broadcasting Corp sued OpenAI for copyright infringement, adding to a growing list of companies seeking damages from the tech company for allegedly scraping their work. The Canadian media firms’ suit follows ... Read more â€ș

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Ann Gehan @ The Information · 11/29/2024 13:00 EDT

‘Everyone’s Desperate’: Consumer Startups Bet on Mobile Big Brother Billboards

When Huel, a London-based startup that sells protein bars and powdered meals, was plotting an expansion push into America earlier this year, the company’s executives knew they needed to make a splash. Huel’s $200 million in annual revenue came from online sales mostly in Europe—in the U.S., it hoped to win over customers in physical stores, too, going up against established rivals like Soylent, Koia and Owyn. But rather than... Read more â€ș

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Sylvia Varnham O'Regan @ The Information · 11/29/2024 11:57 EDT

Australia’s Parliament has approved a law banning children under 16 years old from having social media accounts, drawing a strict line under a global debate about how to protect young people online. The ban, approved in Australia’s senate Thursday, requires social media companies to take “ ... Read more â€ș

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Juro Osawa @ The Information · 11/29/2024 09:00 EDT

TikTok owner ByteDance, whose artificial intelligence chatbot is a major hit in China, wants to compete worldwide in generative AI. But those plans could be complicated by the geopolitical and regulatory storms surrounding TikTok, as well as the technical challenges it has encountered. Inside ByteDance’s AI research and development department, known as Seed, multiple teams have been working on global versions of the company’s foundation models aimed at markets outside... Read more â€ș

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Kevin McLaughlin @ The Information 2 place · 11/28/2024 12:51 EDT

Amazon is working on a large language model that can comprehend the content of video and images in addition to text, an upgrade that could help attract more business from customers in the entertainment, media, and oil and gas industries, as we reported late Wednesday. While the new LLM, ... Read more â€ș

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Kevin McLaughlin @ The Information 3 place · 11/28/2024 12:29 EDT

The U.S. Federal Trade Commission has launched a sweeping antitrust investigation of Microsoft that includes scrutiny of its Azure cloud business, cybersecurity and AI products, as well as its software licensing practices, Bloomberg reported. While U.S. antitrust authorities haven’t paid as much ... Read more â€ș

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The Information Staff @ The Information 3 place · 11/28/2024 08:00 EDT

Ho, ho—oh, hello there! And welcome back to a spirited new tradition at The Information: our annual holiday gift guide. This is a list of our favorite things, and none of these selections came to our attention through a publicist’s pitch. Rather, a few simple guiding principles guided us as we assembled this roll. We genuinely love these items. In most cases, they’re things we own and enjoy. (And if... Read more â€ș

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The Information
Kevin McLaughlin @ The Information · 11/27/2024 20:50 EDT

Amazon has developed new generative artificial intelligence that can process images and video in addition to text, according to a person with direct knowledge of the matter and two people who spoke with Amazon about its plans. The model could help customers search video archives for certain scenes, say a winning basketball shot, using simple text prompts. In developing the new model, Amazon is showing that it still hopes its... Read more â€ș

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Sylvia Varnham O'Regan @ The Information · 11/27/2024 20:47 EDT

Meta Platforms CEO Mark Zuckerberg met with President-elect Donald Trump Wednesday at Mar-a-Lago in Florida, a Meta spokesperson confirmed. Zuckerberg follows other CEOs who have reached out to Trump since the presidential election, including Alphabet CEO Sundar Pichai. Zuckerberg, who ... Read more â€ș

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Martin Peers @ The Information · 11/27/2024 18:20 EDT

You have to hand it to Lina Khan. The Federal Trade Commission chair, appointed by outgoing President Joe Biden, is working until the bitter end (which is likely two months away). Bloomberg reported Wednesday afternoon that Khan had signed off on an antitrust investigation of Microsoft. That’s a big deal.Microsoft is the only one of the five big tech firms—also including Apple, Amazon, Meta Platforms and Alphabet—that has not faced... Read more â€ș

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Kaya Yurieff @ The Information · 11/27/2024 17:23 EDT

We’re in the second year of an intense holiday shopping drive on TikTok. Sadly for all you bargain hunters, the dirt cheap prices that teased TikTok users a year ago are no more. But the app is still heavily promoting discounts as it’s rolled out other improvements and features, like livestreaming. As I browsed the Shop tab on TikTok this week ahead of Black Friday, my feed was an endless... Read more â€ș

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Natasha Mascarenhas @ The Information · 11/27/2024 15:46 EDT

Sriram Krishnan, a general partner at Andreessen Horowitz and former product leader at Twitter, is leaving the firm four years after joining, according to a person familiar with the discussions. Krishnan, 41, has had discussions with Elon Musk about joining the Department of Government Efficiency, the new entity incoming President-elect Donald Trump has promised to establish, according to the same person. Read more â€ș

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Abram Brown @ The Information · 11/27/2024 15:42 EDT

Reid Hoffman, the billionaire venture capitalist who has been an outspoken critic of Donald Trump, is weighing a move outside the United States. In recent years, Hoffman has financed private litigation against Trump and was both a prominent donor and public surrogate for Kamala Harris. Now, ... Read more â€ș

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Cory Weinberg @ The Information · 11/27/2024 13:35 EDT

Ramp, the business card and expense software startup, is discussing selling shares held by employees and other stockholders at a price that would value it at $11 billion, two people familiar with the deal said. That price would be 35% above Ramp’s highest valuation, set in 2022—near the end of the low-interest-rate funding boom—and would extend its rebound from a down round 15 months ago. The anticipated high valuation shows... Read more â€ș

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Natasha Mascarenhas @ The Information · 11/27/2024 11:55 EDT

OpenAI is conducting a share sale for employees to sell about $1.5 billion worth of shares to SoftBank, a person familiar with the discussions said. Employees will have until Dec 24th to decide if they want to participate in the offer, which could impact the amount of shares that are ultimately ... Read more â€ș

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Aaron Holmes @ The Information · 11/27/2024 10:00 EDT

OpenAI has a first-mover advantage in a realm known as reasoning, or artificial intelligence capable of solving complex problems with little human oversight, as we reported this week. Now, the startup is moving to cash in on that headstart by selling its reasoning model, known as o1, to corporate customers. I talked with OpenAI chief commercial officer Giancarlo “GC” Lionetti this week about how the company is looking to convince... Read more â€ș

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Aaron Holmes @ The Information · 11/27/2024 09:00 EDT

OpenAI, targeting nearly $4 billion in revenue this year, has generated the vast majority of those sales from individual consumers who pay for ChatGPT’s premium features. The company’s ability to hit its steep growth goals—as much as $100 billion in revenue by 2029—will hinge in part on its ability to sell to businesses. To get there, OpenAI’s sales team is angling to capitalize on a “paradigm shift” at large enterprises... Read more â€ș

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