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The Information
Erin Woo @ The Information · 11/20/2024 20:37 EDT

Anthropic CEO Dario Amodei said he doesn’t expect the rate of improvement of large language models to slow down, despite recent reports that upcoming LLMs from his company as well as from Google and OpenAI didn’t show as many performance gains compared to earlier models. The Information reported ... Read more

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The Information
Martin Peers @ The Information · 11/20/2024 20:00 EDT

Nvidia investors are, let’s face it, a bit like spoiled children. Here’s a company that posts a 94% increase in revenue from a year ago, which is quite a bit better than it had projected, and the stock falls! Sure, Nvidia’s growth rate has come down from the blazing-fast 260% or so of a few quarters ago, but did anyone imagine the company could maintain that pace?The chip designer, which... Read more

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The Information
Catherine Perloff @ The Information · 11/20/2024 17:55 EDT

The Trade Desk Launches Smart TV Operating System

Publicly traded ad tech giant The Trade Desk is building a TV operating system for streaming. It’s a notable move, given most of the dominant smart TV operating systems on the market have come from TV businesses, such as Roku, Samsung or LG, or big tech firms, like Amazon or Google. The Trade ... Read more

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The Information
Anissa Gardizy @ The Information · 11/20/2024 17:22 EDT

Nvidia on Wednesday said revenue rose 94% year-over-year to $35.1 billion in the October quarter, continuing its two-year streak of blowing past its own growth projections as more artificial intelligence developers and cloud providers gobble up its data center chips. The revenue growth was 14.5 ... Read more

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The Information
Kaya Yurieff @ The Information · 11/20/2024 17:09 EDT

Next year, expect more companies to hire creators as employees, either to represent their brands to the public or run their social strategies.On Monday I spoke to two creators who have joined companies in the past few years: Morning Brew’s Dan Toomey, who runs the media outlet’s Good Work YouTube channel, which covers business and finance topics, and Rashad Assir, the face of Redpoint Ventures’ TikTok account, where he films... Read more

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The Information
Kevin McLaughlin @ The Information · 11/20/2024 17:04 EDT

Shares of database provider Snowflake jumped more than 19% in the wake of its report after dropping less than 1% in regular trading. Investors seemed to be encouraged that the company sailed well past its earlier quarterly product revenue projections and raised its full-year ... Read more

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The Information
The Information Partnerships @ The Information 1 place · 11/20/2024 14:49 EDT

To call the last two years “tepid” for tech initial public offerings would be an understatement. In the wake of a record-smashing high in 2021, IPO deal proceeds plummeted 94% in 2022 and have been slow to recover. But 2025 could be looking up, with some big names likely to hit exchanges. At a recent event about artificial intelligence’s impact on the IPO market, Anita Ramaswamy, The Information’s financial analysis... Read more

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The Information
Yueqi Yang @ The Information · 11/20/2024 13:01 EDT

Digital Currency Group, the parent company of crypto asset manager Grayscale, is launching a decentralized artificial intelligence subsidiary called Yuma, led by DCG founder and CEO Barry Silbert, who will also serve as the subsidiary’s CEO. Yuma will invest in and build on Bittensor, a ... Read more

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The Information
Kevin McLaughlin @ The Information · 11/20/2024 10:47 EDT

Snowflake Talks With Anthropic About AI Partnership

Database provider Snowflake is talking with OpenAI rival Anthropic about letting Snowflake’s customers use Anthropic’s large language models to build artificial intelligence–powered applications, according to a person with direct knowledge of the matter. The Anthropic agreement, if consummated, could help CEO Sridhar Ramaswamy address investors’ concerns about Snowflake’s ability to compete with rivals like Databricks, Microsoft, and Amazon for generative AI business. Snowflake’s stock has fallen 35% so fa Read more

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The Information
Stephanie Palazzolo @ The Information 3 place · 11/20/2024 10:00 EDT

Here’s a question of paramount importance in AI: what if large language models could continue learning new information even after they’re done training? That’s the question that researchers at Writer, a $2 billion-valuation startup developing AI tools for enterprises, found themselves asking six months ago. Those researchers have now developed a new type of LLM, called “self-evolving LLMs,” that they claim can continue learning and updating its parameters, or the... Read more

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The Information
Michael Roddan @ The Information · 11/20/2024 09:00 EDT

In mid-2020, when cryptocurrency firm Circle needed to raise cash, CEO Jeremy Allaire sought out Steve McLaughlin, founder of investment bank FT Partners and a force in fintech dealmaking. For its services, FT wanted a percentage of any capital it raised for Circle, plus fees on any future fundraising or acquisition, even if FT wasn’t involved. While those terms are far longer than what most banks expect, Allaire agreed, telling... Read more

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The Information
Jing Yang @ The Information · 11/20/2024 07:00 EDT

China’s Top VC Firm Qiming Plans Leadership Transition

Qiming Venture Partners, one of China’s leading venture firms, is planning a major leadership transition, one of the first of a generation of Chinese VC firms to take this step, according to three people with knowledge of the plan. Nisa Leung and Duane Kuang, two of Qiming’s managing partners, will gradually step back from their roles to let younger partners take center stage, according to the people. The plan comes... Read more

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The Information
Erin Woo @ The Information 2 place · 11/19/2024 22:07 EDT

Musk Joined Call Between Trump, Google CEO

When Google CEO Sundar Pichai called Donald Trump to congratulate the president-elect on winning the election, a guest was on the line: Elon Musk, the CEO of Tesla, xAI and other companies, according to two people familiar with the situation. Musk’s appearance took Pichai by surprise, one of these people said. Read more

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The Information
Sahil Patel @ The Information 2 place · 11/19/2024 20:54 EDT

Comcast plans to spin off most of NBCUniversal’s cable TV networks including MSNBC, CNBC, USA and Oxygen, according to a person with knowledge of the matter. The decision, which comes a month after company executives first floated the idea to investors and analysts, could pave the way for more ... Read more

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The Information
Theo Wayt @ The Information · 11/19/2024 20:00 EDT

Walmart reported solid third-quarter numbers today, driving home what’s surely a sore point for Jeff Bezos: No matter how hard Amazon tries, it can’t conquer Walmart.The Arkansas retailer’s revenue grew 5.5% to $169.6 billion, and the company showed optimism about the holiday season by raising its full-year sales forecast. Investors are happy with the results—Walmart’s shares closed up 3% on Tuesday. So far this year the stock has rallied 63%,... Read more

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The Information
Yueqi Yang @ The Information · 11/19/2024 18:41 EDT

President-elect Donald Trump said Tuesday he will nominate Cantor Fitzgerald CEO Howard Lutnick to lead the Commerce Department. The crypto industry has been eager to see what role Lutnick will play once Trump takes office. The billionaire Wall Street executive has been a vocal crypto ... Read more

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The Information
Cory Weinberg @ The Information 3 place · 11/19/2024 18:00 EDT

Good afternoon from Las Vegas, where I’m writing this newsletter from a hotel room with a Strip view of the Encore, the hotel where bankers, investors and tech executives will slide from meeting to meeting at Goldman Sachs’ annual private tech confab. Say hi if you’re there. (I’ll be one of the many bald guys roaming around, but I’m younger than average and have a mustache and wire-rimmed glasses.) The... Read more

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The Information
Aaron Holmes @ The Information · 11/19/2024 17:30 EDT

Microsoft has struck a deal with HarperCollins to use the publishers’ books to train new artificial intelligence models, Bloomberg first reported on Tuesday. Microsoft is reportedly planning to use nonfiction books to train a new AI model that has not yet been released. The news follows similar ... Read more

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The Information
Theo Wayt @ The Information · 11/19/2024 17:28 EDT

Walmart’s e-commerce business grew 27% in the third quarter, the company reported Tuesday. The retailer also raised its full-year revenue guidance, indicating optimism about holiday sales. On a call with analysts, Walmart chief financial officer John Rainey said e-commerce sales accounted for ... Read more

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The Information
Sahil Patel @ The Information · 11/19/2024 17:22 EDT

Apple has started selling its own ads on Apple News as a deal with its longtime ad sales partner NBCUniversal expires at the end of the year, according to Axios. Apple is also pitching new ad units to boost revenue for the news app. This includes sponsorships of coverage of top events such as ... Read more

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14.11.2025 00:41
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