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The Information
Roddy Lindsay @ The Information · 03/05/2025 12:30 EDT

A stroll in downtown San Francisco in 2025 would not be complete without overhearing a conversation about artificial intelligence agents and seeing a billboard imploring managers to “stop hiring humans” for entry-level sales jobs. A visitor could be forgiven for predicting that AI bots would soon replace entire job categories, such as salespeople and therapists. Not so fast. It’s more likely that humans will retain jobs requiring client interaction because... Read more â€ș

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The Information
Catherine Perloff @ The Information · 03/05/2025 11:50 EDT

Five months ago, app studio Sociaaal, which creates apps that help people identify their celebrity look-alike or suggest pick-up lines to score a date, started using generative artificial intelligence to create ads for running on social media, including YouTube. The AI-created ads included some Sociaaal’s marketing team say they never would have thought of, like a video of an older woman encouraging people with Gen Z lingo to download Sociaaal’s... Read more â€ș

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The Information
Sahil Patel @ The Information · 03/05/2025 11:11 EDT

YouTube Premium and Music Surpass 125 Million Subscribers

YouTube said its YouTube Premium and Music subscription services now have more than 125 million global subscribers, including those on free trials. YouTube is also expanding a cheaper ad-free tier it has been testing in the U.S. and in some markets overseas as the video giant aims to grow ... Read more â€ș

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The Information
Stephanie Palazzolo @ The Information 1 place · 03/05/2025 10:09 EDT

OpenAI is betting big on ChatGPT, which is generating at least $4 billion in annualized revenue. But that’s not the only application the AI firm is hoping will make big bucks. If you saw our story last month detailing OpenAI’s financial projections, you might have noticed an intriguing reference to revenue expected to come from another type of application: Agents.The term “agents” typically refers to AI that can take actions... Read more â€ș

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The Information
Yueqi Yang @ The Information · 03/05/2025 09:00 EDT

On the Friday before Donald Trump’s inauguration as president in January, Brian Armstrong, CEO of Coinbase, joined his top executives in Washington at the Crypto Ball, where the tech elite celebrated the imminent arrival of the country’s first crypto-friendly president. Soon, though, there was an interruption in the revelry for Paul Grewal, Coinbase’s chief legal officer, after Trump unexpectedly posted on X that he had launched a memecoin called $Trump.... Read more â€ș

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The Information
Qianer Liu @ The Information · 03/05/2025 04:07 EDT

President Donald Trump urged lawmakers to repeal a $52 billion chip subsidy program during an address to Congress on Tuesday, while touting the $100 billion investment pledge from Taiwan Semiconductor Manufacturing Company as a better way to boost chipmaking capacity in the U.S. Trump has ... Read more â€ș

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The Information
Rocket Drew @ The Information 3 place · 03/04/2025 22:23 EDT

The federal judge presiding over Elon Musk’s lawsuit against OpenAI on Tuesday turned down Musk’s request to block OpenAI’s planned conversion to a for-profit company. Instead, District Judge Yvonne Gonzalez Rogers requested that the two parties go to a trial this fall. Musk’s lawyers “failed to ... Read more â€ș

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The Information
Cory Weinberg @ The Information · 03/04/2025 21:22 EDT

Fintech startup Plaid is in talks to arrange a secondary share sale at about a $6 billion valuation, led by mutual fund Franklin Templeton, three people involved in the discussions said. The valuation would be a decline from the $13.4 billion price at which the company last raised money in 2021. ... Read more â€ș

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The Information
Kaya Yurieff @ The Information · 03/04/2025 21:02 EDT

ByteDance is allowing current and former employees to sell their shares to the company at a slightly higher price than six months ago. The TikTok parent company set the price for an upcoming employee share buyback at about $190 a share for current employees and $161 per share for former ... Read more â€ș

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The Information
Martin Peers @ The Information · 03/04/2025 20:00 EDT

How Trump Volatility Is Freezing Business Decisions

There’s an old joke that if you’re unhappy about the weather in San Francisco, you only have to wait a few minutes until it changes. That line is beginning to seem applicable to the Trump administration’s tariff plans. Late Tuesday afternoon—after the stock market closed on the second successive sell-off sparked by President Donald Trump’s imposition of tariffs on Canada and Mexico—Commerce Secretary Howard Lutnick told Fox Business News that... Read more â€ș

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The Information
Erin Woo @ The Information · 03/04/2025 19:41 EDT

Google has asked officials at the Department of Justice to drop a push to break up the company, Bloomberg reported on Tuesday. President Biden’s Department of Justice last year called for Google to be forced to sell its Chrome browser and possibly its Android mobile operating system, after a ... Read more â€ș

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The Information
Natasha Mascarenhas @ The Information · 03/04/2025 19:39 EDT

CoreWeave to buy Weights & Biases for $1.7 Billion

CoreWeave, which provides cloud servers to large companies developing artificial intelligence, said late Tuesday it plans to buy Weights & Biases, a startup that helps developers build AI applications. The company, which is preparing for an IPO, confirmed the acquisition plans after The ... Read more â€ș

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The Information
Stephanie Palazzolo @ The Information · 03/04/2025 18:53 EDT

CoreWeave in Talks to Buy AI Startup Weights & Biases For Around $1.7 Billion

CoreWeave, which provides cloud servers to large companies developing artificial intelligence, is in talks to acquire Weights & Biases, a startup that helps developers build AI applications, for around $1.7 billion, according to two people who spoke to executives at Weights & Biases. The deal could help CoreWeave diversify its base of customers ahead of its initial public offering. CoreWeave primarily generates revenue from large customers such as Microsoft, which... Read more â€ș

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The Information
Cory Weinberg @ The Information · 03/04/2025 18:32 EDT

Two very different startups, Plaid and CoreWeave, have been preening themselves in recent weeks to raise money. Their diverging fortunes show how timing, luck and fast-changing tech trends can create and destroy value quickly. Plaid is a victim of circumstance. The fintech startup is working on a secondary share sale, led by mutual fund Franklin Templeton, at a valuation of $5.5 billion or $6 billion, I’ve learned. That’s less than... Read more â€ș

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The Information
Kaya Yurieff @ The Information · 03/04/2025 18:18 EDT

A lawsuit alleging creator membership site Passes hosted child porn is causing quite the stir among creators, founders and talent managers. The complaint, filed by OnlyFans creator Alice Rosenblum in the Southern District of Florida last week, claims that Passes recruited Rosenblum to create pornography before she turned 18 and distributed that content to paying subscribers. The suit, which is seeking class action status, claims the two-year-old startup knew she... Read more â€ș

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The Information
Theo Wayt @ The Information · 03/04/2025 17:40 EDT

Amazon Web Services has formed a new division focused on artificial intelligence agents, according to an internal memo The Information has viewed, in a bet that cloud computing clients will want to spend more on AI tools that automate tasks. Establishing the new division shows that AWS is ... Read more â€ș

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The Information
Qianer Liu @ The Information 2 place · 03/04/2025 13:24 EDT

When DeepSeek’s success in developing competitive artificial intelligence models at a low cost prompted a $750 billion sell-off in Nvidia shares in late January, Nvidia CEO Jensen Huang wasn’t worried. He told some employees a few days later that DeepSeek had just become Nvidia’s most important customer in China, since any progress in AI will only increase demand for the company’s chips, according to a person who heard his remarks.... Read more â€ș

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The Information
Kalley Huang @ The Information 3 place · 03/04/2025 13:00 EDT

Meta Platforms is preparing a new push to woo businesses to set up and run artificial intelligence chatbots on Messenger and WhatsApp, according to a current employee.As a newcomer in a crowded market, Meta has pitched its business chatbots as tools to provide customer support, plus information and recommendations that will lead to sales, the employee said. The company has also suggested to businesses that running a chatbot on Meta’s... Read more â€ș

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The Information
Rocket Drew @ The Information · 03/04/2025 10:00 EDT

Figure AI is the talk of the robotics town these days.The three-year-old startup, which designs humanoid robots for work in factories and homes, is planning to raise $1 billion to $2 billion in equity financing at a $38.5 billion pre-money valuation. That’s a staggering 15 times its valuation from a year ago. However, the venture funds which are putting money into the round—Align Ventures, Parkway Venture Capital and FutureNow Technologies,... Read more â€ș

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The Information
Aaron Holmes @ The Information 2 place · 03/04/2025 09:00 EDT

The role of salespeople is already changing in the era of artificial intelligence—and big tech companies are notching benefits from using these tools, which could be a leading indicator of how the broader industry is set to transform. At Microsoft, for instance, executives have been touting evidence that custom-built AI tools automating repetitive sales tasks have allowed the company to reduce its sales staff while simultaneously lifting sales revenue. During... Read more â€ș

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