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The Information
Ann Gehan @ The Information · 11/11/2024 15:21 EDT

Forerunner Ventures announced a new $500 million fund on Monday focused on making early-stage investments in consumer startups. Commerce, health and wellness, consumer finance and more will be transformed by artificial intelligence, Forerunner founder Kristen Green said in the announcement, and ... Read more

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The Information
Juro Osawa @ The Information · 11/11/2024 14:49 EDT

More than a year before Donald Trump’s landslide victory in last week’s presidential election, TikTok’s top leaders insisted on a major shift in the app’s content moderation principles to make the platform more appealing for Trump and his supporters. In a series of internal meetings, U.S. public policy chief Michael Beckerman, backed up by CEO Shou Zi Chew, argued that the content moderation policies TikTok then had in force had... Read more

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The Information
Theo Wayt @ The Information · 11/11/2024 11:24 EDT

Amazon is developing smart glasses for delivery workers, Reuters reported Monday. The glasses would include an embedded screen that would give workers navigation instructions while they’re driving and when they arrive at customers’ homes, according to the report. That could enable workers to ... Read more

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The Information
Amir Efrati @ The Information 2 place · 11/11/2024 10:00 EDT

On Halloween, a Reddit user asked OpenAI CEO Sam Altman whether “GPT-5” was coming, as well as the full version of the company’s o1 reasoning model—a preview version of which went on sale seven weeks ago. In other words, when would the public see the company’s next flagship large language model? Altman answered, “we are prioritizing shipping o1 and its successors,” and added that limited computing resources meant that it... Read more

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The Information
Ann Gehan @ The Information · 11/11/2024 09:00 EDT

Blackstone’s Spanx and Supergoop Bets Are Stuck in Low Gear

How tough is it out there for investors that made big consumer bets in recent years? Just take a look at private equity giant Blackstone. Blackstone’s $4.5 billion debut growth equity fund is sitting on steep paper losses in oat milk brand Oatly, whose shares dropped soon after its 2021 initial public offering. The fund’s bet on skincare brand Supergoop has barely gained anything on paper, and it recently marked... Read more

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The Information
Stephanie Palazzolo @ The Information 1 place · 11/09/2024 16:47 EDT

The number of people using ChatGPT and other artificial intelligence products is soaring. The rate of improvement for the basic building blocks underpinning them appears to be slowing down, though. The situation has prompted OpenAI, which makes ChatGPT, to cook up new techniques for boosting those building blocks, known as large language models, to make up for the slowdown. Read more

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The Information
Abram Brown @ The Information 2 place · 11/09/2024 10:00 EDT

A Valuable AI Startup’s Election Gamble

Welcome, Weekenders! In this newsletter:• The Big Read: Tech has bought itself a more moderate San Francisco• Power and Influence: San Francisco's new mayor vows ‘city is open for business’• Media: How tech’s conservative shift went unnoticed for so long • Plus: How Stevie Wonder still wows; a fertile drama in Leningrad; and the witch is back.Most of the major AI companies choose to play it safe on Election Night.... Read more

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The Information
Josh Koehn @ The Information 3 place · 11/09/2024 08:00 EDT

The moderate political wave that crested over San Francisco this election is the culmination of several years of anger, frustration and tech-funded organizing. It was propelled by millions of dollars in campaign money, hundreds of thousands of fed-up voters, several upstart political organizations, two recall elections and one sad San Francisco teenager. Let’s start with the kid. Almost a year into the pandemic, Shriyans Sivaraj was refusing to get out... Read more

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The Information
Martin Peers @ The Information · 11/08/2024 18:00 EDT

Why TV Mergers Aren’t the Solution to Streaming’s Flaws

That didn’t take long. Within a day of Donald Trump’s election as president, TV executives were signaling optimism that the new administration would make life easier for them by allowing the industry to consolidate. Warner Bros. Discovery CEO David Zaslav made the most articulate case on Thursday, presenting mergers as a way of helping out poor consumers who can’t figure out how to navigate the crowded world of streaming apps.“Consumers... Read more

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The Information
Ann Gehan @ The Information · 11/08/2024 15:32 EDT

Resale site StockX announced Friday that Greg Schwartz, the company’s cofounder and chief operating officer, would become CEO, taking over the role from Scott Cutler. Schwartz will assume the CEO role on Jan. 1, and Cutler would stay on as an advisor. StockX, which has raised more than $600 ... Read more

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The Information
Abram Brown @ The Information · 11/08/2024 15:09 EDT

Elon Musk joined a phone call on Wednesday between Donald Trump and Ukrainian President Volodymyr Zelensky, the latest signal that the billionaire will play a major role in Trump’s second administration after helping guide Trump to victory in the election. On the call, Musk said he will continue ... Read more

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The Information
Jessica E. Lessin @ The Information · 11/08/2024 13:38 EDT

This week on More or Less: The media lessons to take away from the presidential campaign. Plus, why you are probably building your apps wrong. Enjoy! Transcript below. Apple Spotify YouTube Read more

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The Information
Julia Black @ The Information · 11/08/2024 13:15 EDT

In 2022, I got a tip about Elon Musk, who even as recently as that was misunderstood—and underestimated—by the media: He had embarked on a mission to singlehandedly try to repopulate the Earth with his children, a source told me, passing along a quiet rumor going around Austin. It led me to a shocking discovery. He had fathered twins with an executive at one of his companies, Shivon Zilis, who... Read more

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The Information
Michael Roddan @ The Information · 11/08/2024 12:55 EDT

Jack Dorsey’s payments fintech Block is negotiating a potential settlement with several state regulators that have probed the company’s anti-money laundering and other compliance programs, adding to the legal problems the Cash App and Square parent is facing. Block disclosed the new regulatory ... Read more

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The Information
Sahil Patel @ The Information · 11/08/2024 11:16 EDT

Paramount Global reported a 10% growth in its streaming business during the third quarter as the company’s overall revenue fell 6% year-over-year, driven by ongoing declines in its traditional cable TV and studio businesses. Paramount’s direct-to-consumer segment, which includes the Paramount+ ... Read more

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The Information
Qianer Liu @ The Information · 11/08/2024 10:08 EDT

Taiwanese chipmaker TSMC has told some Chinese customers it will stop making advanced AI chips, potentially setting back chip design efforts of companies such as ByteDance, Alibaba and Baidu, according to two people directly involved in the situation. The Financial Times and Chinese media ... Read more

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The Information
Michael Roddan @ The Information 1 place · 11/08/2024 09:00 EDT

In just two years, Chinese-owned Temu has come out of nowhere to become one of the best-known bargain shopping sites, known for its ultracheap and sometimes wacky gadgets and apparel. U.S. consumers are expected to spend about $18 billion on the site this year. Behind the scenes, though, Temu has encountered trouble with the bank that was handling those payments. Citigroup, the fourth-biggest U.S. bank, stopped handling payments for Temu... Read more

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The Information
Wayne Ma @ The Information · 11/08/2024 02:42 EDT

Baidu, which operates China’s largest search engine, plans to announce a pair of AI-powered smart glasses amid the rising popularity of the products globally, Bloomberg reported. The move could accelerate demand for AI-powered smart glasses in China, a market that is currently served by local ... Read more

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The Information
Anissa Gardizy @ The Information · 11/07/2024 20:36 EDT

Amazon, the largest cloud computing provider, is discussing making another multi billion-dollar investment in Anthropic, The Information reported on Thursday. During negotiations, Amazon has asked the OpenAI rival to use a large number of servers powered by AI chips the cloud provider developed ... Read more

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The Information
Nick Wingfield @ The Information · 11/07/2024 20:00 EDT

Considering the political rifts in tech this presidential election exposed, you might think Silicon Valley is about to fracture into a scenario in which blue venture capitalists widely refuse to work with red investors and founders—and vice versa. But we’re not so sure.There’s no doubt that at times during the campaign, the rhetoric between Donald Trump backers in tech like Elon Musk and Kamala Harris backers like venture capitalist Vinod... Read more

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