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The Information
Paris Martineau @ The Information · 10/26/2024 08:00 EDT

Children and teens are increasingly turning to artificial intelligence tools for homework help and entertainment, as well as to seek out new information: In fact, a recent survey of more than 1,000 young people (and their parents) by Common Sense Media found that seven in 10 teenagers have already used generative AI tools. The survey found that just over half of teens have used chatbots like ChatGPT or Google’s Gemini.... Read more

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The Information
The Information Staff @ The Information 3 place · 10/26/2024 04:27 EDT

Taiwan Semiconductor Manufacturing Co. earlier this month stopped making chips for a China-based chip design firm founded by a Chinese crypto mogul, said two people familiar with the situation. TSMC cut the company off around the time the U.S. Commerce Department began investigating whether the Taiwanese giant had supplied chips to Chinese tech giant Huawei Technologies. Huawei has been prohibited since 2020 from acquiring chips made with U.S. technology, including... Read more

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The Information
Rocket Drew @ The Information · 10/25/2024 20:05 EDT

Agility, which makes humanoid robots for warehouses, is raising $150 million at about a $1 billion valuation in a funding round led by DCVC, Bloomberg reported. Agility was last valued at $550 million in 2022, according to PitchBook. The talks add to a string of fundraising discussions by ... Read more

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The Information
Martin Peers @ The Information · 10/25/2024 19:00 EDT

We’ve learned a lot lately about who CEOs like to telephone. We reported a couple of weeks ago that Microsoft CEO Satya Nadella likes to make two calls a day to CEOs of other companies, including startup chiefs, to ensure he stays up to date on the latest developments in tech. And Morgan Stanley’s former CEO and Disney chair-to-be Jim Gorman likes to call newly appointed CEOs across America to... Read more

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The Information
Theo Wayt @ The Information · 10/25/2024 17:40 EDT

Amazon’s top grocery executive, Tony Hoggett, plans to leave the company after less than three years, Hoggett and the company said Friday. A member of Amazon’s top leadership team, Hoggett oversees Whole Foods Market, Amazon-branded grocery and convenience stores and the company’s grocery ... Read more

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The Information
Kevin McLaughlin @ The Information 2 place · 10/25/2024 16:50 EDT

Perplexity, the AI-powered search engine startup that is reportedly raising a new round at a valuation of at least $8 billion, was a hot acquisition target last year, The Information reported Friday. X, Notion, and OpenAI all approached Perplexity with acquisition offers of between ... Read more

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The Information
Yueqi Yang @ The Information · 10/25/2024 15:37 EDT

The Manhattan U.S. attorney’s office is investigating Tether, the issuer of the world’s biggest stablecoin, over possible violations of sanctions and anti-money-laundering rules, the Wall Street Journal reported Friday. The criminal investigation is probing whether criminals have used Tether’s ... Read more

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The Information
Aaron Holmes @ The Information · 10/25/2024 15:19 EDT

Microsoft’s board of directors reduced CEO Satya Nadella’s pay package by $5.2 million after the CEO requested the move as a way of taking responsibility for recent cybersecurity breaches, the company said in a proxy filing on Friday. The cut came out of Nadella’s cash incentive for hitting ... Read more

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The Information
Anita Ramaswamy @ The Information · 10/25/2024 13:41 EDT

Autonomous vehicle company Waymo, a subsidiary of Google parent Alphabet, announced on Friday that it had raised $5.6 billion in a funding round led by its parent company. Other investors including Andreessen Horowitz, Fidelity and Silver Lake also participated in the fundraising, according to ... Read more

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The Information
Kevin Mclaughlin @ The Information 2 place · 10/25/2024 12:00 EDT

Legal Threats, Google Competition Loom Over Perplexity’s ‘Newbie CEO’

Aravind Srinivas didn’t set out to earn a reputation as one of the media’s biggest tech villains. It just kind of happened. Over the summer, Forbes and Wired angrily accused Srivinas’ AI search startup, Perplexity, of plagiarizing their paywalled content. In one case, Perplexity had lifted portions of a Forbes story and used it in a new product that summarizes news stories. In the other instance, a Wired reporter found... Read more

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The Information
Sylvia Varnham O'Regan @ The Information · 10/25/2024 11:21 EDT

Meta Strikes AI Deal With Reuters

Meta Platforms has reached a deal with Reuters to use its news content for Meta’s AI chatbot, a Meta spokesperson confirmed Friday. The deal, first reported by Axios, means that people in the U.S. who ask Meta’s AI chatbot questions about news and current events will receive responses that ... Read more

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The Information
The Information Partnerships @ The Information 3 place · 10/25/2024 10:55 EDT

At 6:30 a.m. on a crisp Napa morning, over 30 of America’s most powerful women broke into teams to extract a target balancing precariously inside a minefield. The target was an 80-pound punching bag; the mines were a mix of cones, mats, mace bars and superbands strewn throughout a field to create an obstacle course. The women—a mix of CEOs, founders, vice presidents, managing directors and other roles typical of... Read more

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The Information
Cory Weinberg @ The Information 3 place · 10/25/2024 09:00 EDT

A curious disconnect has fractured the world of tech investing. The market for initial public offerings has stayed stagnant for the third straight year, with bankers projecting a below-average number again next year. The stock market, meanwhile, is at all-time highs, led by big tech stocks like Nvidia, Meta Platforms and Apple. “You would think there would be more IPOs,” said Denny Fish, a San Francisco–based tech investor at asset... Read more

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The Information
Laura Mandaro @ The Information · 10/24/2024 23:58 EDT

Tesla CEO Elon Musk has secretly been in contact with Russian President Vladimir Pusk since 2022, reported The Wall Street Journal, which cited current and former U.S., Russian and European officials. The talks ranged from the personal to the political. In one instance, Putin asked Musk to ... Read more

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The Information
Jessica E. Lessin @ The Information · 10/24/2024 20:00 EDT

One of the developments I didn’t predict at the start of the year was the rise in support for Donald Trump among members of the tech elite—like Elon Musk.  Musk aside, there’s no question that Silicon Valley elites are more politically divided than they have been for at least the last 20 years I have reported on them. The Valley’s most famous investing duo—Andreessen Horowitz—are throwing their weight behind opposing... Read more

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The Information
Stephanie Palazzolo @ The Information · 10/24/2024 18:24 EDT

Biden Memo Encourages Military Use of AI

President Joe Biden on Thursday published the first national security memorandum on how government agencies should adopt artificial intelligence, as well as how they should police the private companies developing the technology. The memo encouraged agencies such as the Department of State, ... Read more

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The Information
Kate Clark @ The Information · 10/24/2024 18:00 EDT

New venture capitalists are climbing a wall of skepticism when they raise new funds, particularly as they compete with established firms like General Catalyst, which just raised $8 billion. Even veterans of some of the most successful startups are finding it tough.That was the case for Chris Koh, co-founder of Korean e-commerce giant Coupang. He set out to raise a debut venture fund for his firm, HRZ Han River, in... Read more

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The Information
Amir Efrati @ The Information · 10/24/2024 17:22 EDT

A Phoenix area chip plant run by the world’s top manufacturer, Taiwan Semiconductor Manufacturing Co., is producing usable chips at a better rate than comparable facilities in the company’s home country of Taiwan, an executive said Thursday in a webinar, according to a Bloomberg ... Read more

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The Information
Kaya Yurieff @ The Information · 10/24/2024 17:00 EDT

On Thursday, The Information released its annual list of the 50 Most Promising Startups, which included six companies focused on providing services for creators and consumers.  We chose companies that we think have the potential to be the most valuable businesses in their sectors based on our reporting, including their revenue and growth prospects. The 50 companies we selected have raised less than $100 million each or started operations in... Read more

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The Information
Kate Clark @ The Information · 10/24/2024 16:33 EDT

Arjun Sethi, a co-founder of venture capital firm Tribe Capital, is expected to be named co-CEO of cryptocurrency exchange Kraken, working alongside its existing CEO, Dave Ripley, according to two people familiar with the matter. Kraken, founded in 2011, is one of the biggest and oldest U.S. crypto exchanges, and its executives have talked about going public for years. But it has been dwarfed in terms of market share by... Read more

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14.11.2025 22:37
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