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The Information
Qianer Liu @ The Information 2 place · 10/18/2024 00:04 EDT

U.S. Investigates TSMC’s Business With Huawei

The U.S. Commerce Department is investigating whether Taiwan Semiconductor Manufacturing Co., the world’s largest chip manufacturer, produced chips for China’s Huawei Technologies, in potential violation of U.S. export controls, The Information reported. The department has ... Read more ›

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The Information
Qianer Liu @ The Information 3 place · 10/17/2024 20:13 EDT

The U.S. Commerce Department is investigating whether Taiwan Semiconductor Manufacturing Co. has been making artificial intelligence or smartphone chips for Chinese tech giant Huawei Technologies in what would be a breach of U.S. export rules, said two people with direct knowledge of the matter. Since 2020, the U.S. has banned Huawei from buying chips manufactured using American equipment, citing national security concerns. The U.S. restrictions also block Huawei from using... Read more ›

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The Information
Martin Peers @ The Information · 10/17/2024 20:00 EDT

Google Fixes AI Structural Flaw

Google might move slowly but it gets there eventually. Well, at least that’s the theory. A shake-up in the management ranks of the tech giant, unveiled on Thursday, belatedly fixes a flaw in the company’s artificial intelligence organization, one that had constrained its ability to compete with ChatGPT’s creator, OpenAI.CEO Sundar Pichai today moved the team behind Google’s Gemini AI chatbot from its search and ads unit to its DeepMind... Read more ›

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The Information
Laura Mandaro @ The Information · 10/17/2024 20:00 EDT

Meditation app Calm said Thursday it had entered into a partnership with healthcare giant UnitedHealth that will make the app’s services available to more than 13 million people. The partnership follows its move, first reported by The Information, to set aside tens of millions of dollars of ... Read more ›

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The Information
Jon Victor @ The Information · 10/17/2024 19:54 EDT

Silver Lake, GIC to Take Software Firm Zuora Private for $1.7 Billion

Zuora, which sells software for businesses to manage subscription billing, has agreed to be bought by private equity firm Silver Lake and Singaporean sovereign wealth fund GIC for $1.7 billion, the company said Thursday. The deal values Zuora 20% higher than its valuation in April, before media ... Read more ›

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The Information
Theo Wayt @ The Information 2 place · 10/17/2024 18:34 EDT

Amazon has opened a new type of small grocery store next to a Whole Foods Market, a spokesperson confirmed. The store, branded Amazon Grocery, offers products that aren’t sold in Whole Foods, due in part to the health grocer’s restrictions on ingredients like artificial sweeteners and color ... Read more ›

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The Information
Kalley Huang @ The Information · 10/17/2024 17:53 EDT

Meta Reorganizes and Lays Off Staff on Several Teams

Meta Platforms on Wednesday reorganized and laid off staff on several teams, according to a spokesperson for Meta. The affected teams included Instagram, WhatsApp and Reality Labs, Meta’s augmented and virtual reality unit, The Verge reported. Meta in June culled middle managers from Reality ... Read more ›

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

U.S. Creator Startup Funding Drops, Ending Two Quarter Rebound

The rebound in funding for creator startups has faded.Funding for U.S. creator economy startups fell nearly 16% to $253.1 million during the September quarter compared to a year earlier, according to the latest update to The Information’s Creator Economy Database. Globally, funding for creator-related startups dropped about 20% to $415.8 million year over year. Read more ›

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The Information
Yueqi Yang @ The Information · 10/17/2024 17:13 EDT

Payment giant Stripe is in talks to buy Bridge, a San Francisco-based stablecoin infrastructure startup, for $1 billion, Forbes reported, citing people familiar with the discussions. Founded in 2022 by Coinbase and Square alumni Zach Abrams and Sean Yu, Bridge helps companies convert dollars or ... Read more ›

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The Information
Sahil Patel @ The Information · 10/17/2024 16:31 EDT

Netflix revenue grew 15% year over year to $9.8 billion in the third quarter of 2024, the company said in its earnings report. Netflix also said based on its forecast for the fourth quarter, it expects full-year 2024 revenue to be up 15% as well. However, Netflix also expects revenue growth to ... Read more ›

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The Information
Kate Clark @ The Information · 10/17/2024 16:11 EDT

General Catalyst is swiftly widening its global footprint. On the heels of acquiring two smaller venture firms in India and Germany, the firm plans to lead an investment in Riyadh, Saudi Arabia-based financial technology startup Lean Technologies, according to a person with direct knowledge of the firm’s investments.The deal would represent General Catalyst’s first investment in Saudi Arabia, the person said, and is a sign Silicon Valley investors are changing... Read more ›

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The Information
Sahil Patel @ The Information · 10/17/2024 16:00 EDT

As Facebook owner Meta Platforms has backed away from news, Microsoft’s LinkedIn has leaned into it. LinkedIn is doubling down on its long-standing efforts to promote news articles and work with news publishers, in hopes of driving both usage and ad revenue. In the latest sign of that, in the next few days it will start testing a new News Banner atop the feed on its mobile app, highlighting news... Read more ›

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The Information
The Information Partnerships @ The Information · 10/17/2024 15:58 EDT

It's the early days of the artificial intelligence revolution. At this stage, enterprises are developing mostly tactical AI use cases. The next step is a more strategic, higher-value approach. As part of The Information’s San Francisco AI Summit, Stephanie Palazzolo, The Information’s AI reporter and author of the AI Agenda newsletter, sat down with three AI executives to discuss how they see the AI revolution progressing: Lenore Lang, executive vice... Read more ›

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The Information
The Information Partnerships @ The Information · 10/17/2024 15:51 EDT

Currently, healthcare is reactive. Economic rewards are not always matched with the best outcomes for patients. Artificial intelligence is opening new possibilities for change. During The Information’s WTF Summit, Kaya Yurieff sat down with two healthcare visionaries to discuss what patients want and new, proactive ways of staying healthy: Alina Ioani, vice president of business development and strategic partnerships, Prenuvo  Sarah Russell, managing director, bellwether, X, The Moonshot Factory   Becomin Read more ›

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The Information
Kate Clark @ The Information · 10/17/2024 15:04 EDT

Harvard Management Company delivered a 9.6% return for its fiscal year ending June 30, 2024, according to its annual report released Thursday. This exceeds the $53.2 billion endowment’s 9.3% annualized return over the last seven years. While Harvard’s performance in a ... Read more ›

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The Information
The Information Partnerships @ The Information · 10/17/2024 15:00 EDT

Today’s economy is challenging for startups as many new ventures find scaling a tougher climb. But that may not be a bad thing. At The Information’s 2024 Women in Tech, Media and Finance Summit, Kate Clark, The Information’s deputy bureau chief, sat down with three experts to discuss how entrepreneurs can grow their businesses in today’s market: Shikha Goyal-Allain, Bay Area market executive and managing director, Innovation Economy Banking, J.P.... Read more ›

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The Information
Amir Efrati @ The Information · 10/17/2024 13:54 EDT

Google’s head of search and advertising, Prabhakar Raghavan, is moving to a new role while the team behind the company’s Gemini artificial intelligence chatbot, which competes with OpenAI’s ChatGPT, and voice assistant is moving to the DeepMind AI group, CEO Sundar Pichai said Thursday. Raghavan ... Read more ›

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The Information
Juro Osawa @ The Information 2 place · 10/17/2024 11:54 EDT

Baidu CEO Robin Li compared the current artificial intelligence frenzy to the dot-com bubble of the late 1990s, and predicted that only 1% of AI companies will eventually stand out and become huge. “A bubble is kind of inevitable when you pass the stage of initial excitement,” said Li, speaking ... Read more ›

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The Information
Martin Peers @ The Information · 10/17/2024 11:45 EDT

TSMC Lifts Profits 54% on AI Demand

Taiwan Semiconductor Manufacturing Corp lifted third quarter revenues 39% to $23.5 billion and net income 54%, as the world’s biggest chipmaker benefited from surging demand for AI chips. TSMC manufactures chips designed by other companies, such as Apple and Nvidia. It particularly dominates the ... Read more ›

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The Information
Kalley Huang @ The Information · 10/17/2024 10:00 EDT

Earlier today, we published our Generative AI Takeover List of 78 startups that could be acquisition targets. The list includes companies that develop their own models or robots, haven’t raised funding in at least two years, or both. These companies are most likely to face a cash crunch and be open to takeover offers.My colleagues Stephanie and Rocket highlighted the conundrum for these startups: It’s expensive to build large language... Read more ›

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