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The Information
Steve LeVine @ The Information · 10/07/2024 18:25 EDT

Daniel Ho, a former senior Tesla executive who managed the launch of the Models 3, Y and Cybertruck, has joined Waymo as program director, he said in a LinkedIn post. Ho left Tesla in April at the same time CEO Elon Musk dismissed Rebecca Tinucci, head of Tesla’s Supercharger group and ... Read more ›

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The Information
Yueqi Yang @ The Information · 10/07/2024 17:35 EDT

FTX received approval from a U.S. bankruptcy court for its plan to fully repay customers plus interest, almost two years after the collapse of the crypto exchange. Thanks to rising crypto prices, FTX expects the total value of its assets, when converted to cash and available for distribution, ... Read more ›

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The Information
Amir Efrati @ The Information · 10/07/2024 15:37 EDT

A federal judge in California took extraordinary actions to weaken Google’s Android app store, known as Google Play, after the company lost an antitrust trial late last year. App developer Epic Games filed the case. The judge, James Domato, ordered Google to stop requiring American Android app ... Read more ›

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The Information
Theo Wayt @ The Information · 10/07/2024 13:46 EDT

Amazon has acquired MX Player, an Indian an ad-supported video streaming service, Amazon said Monday. The companies did not disclose the value of the deal, but TechCrunch reported it valued MX Player at less than $100 million. Amazon said it’s combining its own Indian ad-supported streaming ... Read more ›

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The Information
Stephanie Palazzolo @ The Information 1 place · 10/07/2024 10:00 EDT

OpenAI closed out its big week of fundraising news with a rather understated product announcement: the release of Canvas, a new ChatGPT interface that makes it easier for users to draft documents and code.That might not sound like a big deal. But it has bigger implications for the company’s position in the AI race and its relationship with its customers than you might think.With Canvas, users can open up a... Read more ›

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The Information
Kate Clark @ The Information · 10/07/2024 09:00 EDT

It’s back to the races for artificial intelligence startups that require billions of dollars—and the investors that want to own a piece of their growth. OpenAI’s $6.6 billion capital raise and startups’ high computing costs have sparked new funding discussions between AI startups—including xAI, Anthropic, Perplexity and ElevenLabs—and investors hoping to kick-start deals. In some cases, pressure to close investments before the holiday lull sets in has added urgency. Read more ›

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The Information
Cory Weinberg @ The Information 1 place · 10/05/2024 10:43 EDT

Cerebras Systems, a $4 billion-valuation semiconductor designer taking on Nvidia, stands out as one of the few tech startups aiming to list its shares publicly this year, trying to capitalize on investor interest in hardware that powers artificial intelligence. What may dampen some of the fervor is another unusual detail: Its co-founder and CEO, Andrew Feldman, was convicted for an accounting fraud felony nearly two decades ago. Read more ›

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The Information
Abram Brown @ The Information 2 place · 10/05/2024 10:00 EDT

Tech’s Performative Grudge Matches

Welcome, Weekenders! In this newsletter:• The Big Read: Why women in tech are sounding an alarm• Power and Influence: The tangled web behind the VC who wants to be mayor• Plus: Terrors from a storm; Netflix escapism; and a podcast with Tom Hanks and chimpanzee butts. Silicon Valley grudgery really can devolve into such absurd performativity. Take, for example, the very public reconciliation efforts lately undertaken by  Palmer Luckey, the... Read more ›

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The Information
Josh Koehn @ The Information 3 place · 10/05/2024 08:00 EDT

In 2015, many San Franciscans were furious with startups like Airbnb as they depleted the city’s housing supply and pushed rent in the city to some of the highest levels in the country. Mark Farrell—a venture capitalist then serving as a city supervisor and now a leading candidate in San Francisco’s current mayoral contest—wasn’t one of them. Farrell co-authored legislation with then-Mayor Ed Lee establishing new rules for short-term rental... Read more ›

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The Information
Jing Yang @ The Information · 10/05/2024 00:55 EDT

Shein Hosts Informal Investor Roadshows in London, New York

China-founded Shein is hosting informal roadshows in London and New York this and next week in preparation for the company’s initial public offering on the London Stock Exchange, according to a person familiar with the company. Shein’s elusive CEO Sky Xu and CFO Leigh Gui have been meeting with ... Read more ›

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The Information
Erin Woo @ The Information · 10/05/2024 00:16 EDT

Google on Friday said that it would stop linking to news content in New Zealand if the country passed a law to make platforms like Google and Facebook pay media outlets. In a blog post, Google said it would also discontinue its current partnerships with New Zealand media outlets. New Zealand is ... Read more ›

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The Information
Laura Mandaro @ The Information · 10/04/2024 22:12 EDT

Ben Horowitz told employees at the venture capital firm he co-founded that he planned to donate to Vice President Kamala Harris’ run for president, an about-face from his own position–and that of his co-founder Marc Andreessen—to support former President Donald Trump. In a note to staff, which ... Read more ›

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The Information
Theo Wayt @ The Information · 10/04/2024 18:30 EDT

It looks like Amazon has finally realized most people go to grocery and convenience stores to browse and shop—not to be wowed by technology. Case in point: Amazon is closing more of its futuristic cashierless convenience shops and launching mini Whole Foods stores that are comparatively low tech. When Amazon opened its first Go store to the public in 2018, it touted the grab-and-go Just Walk Out technology as the... Read more ›

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The Information
Yueqi Yang @ The Information · 10/04/2024 16:07 EDT

Kalshi, a prediction market startup, went live with its betting market that allows U.S. users to bet on who will win the November presidential election on Friday after a favorable court decision. A federal appeals court on Wednesday rejected the Commodity Futures Trading Commission’s emergency ... Read more ›

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The Information
Kalley Huang @ The Information · 10/04/2024 13:30 EDT

Meta Platforms on Friday unveiled a series of artificial intelligence-powered tools for generating videos, editing videos and creating audio. The tools, called Movie Gen, are not yet publicly available, but the company plans to integrate them in its social media apps next year. A Meta ... Read more ›

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The Information
Julia Black @ The Information 1 place · 10/04/2024 12:00 EDT

There wasn’t any one thing that led to the slow death of Girls in Tech, a standard-bearer nonprofit that provided Silicon Valley women with the kind of mentorship and training opportunities that men took for granted. First, the pandemic struck, and donors shifted their attention to health and science causes. Then the Black Lives Matter movement prompted donors to shift their focus to groups that were more obviously working on... Read more ›

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The Information
Martin Peers @ The Information · 10/04/2024 11:24 EDT

Alphabet’s self-driving robotaxi unit Waymo struck a deal to incorporate electric cars made by Hyundai in its fleet, the two companies announced on Friday. The deal comes as Waymo’s robotaxi business is expanding. It is available to anyone in San Francisco, Phoenix and Los Angeles ... Read more ›

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The Information
Theo Wayt @ The Information · 10/04/2024 11:12 EDT

Amazon closed three of its Go convenience stores in New York last week, a company spokesperson confirmed, leaving just two locations in the city and 17 nationwide. It’s the latest example of Amazon trimming its retail footprint as the company continues to search for a winning formula in physical ... Read more ›

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The Information
Sahil Patel @ The Information · 10/04/2024 09:00 EDT

Publishers are happy that the Department of Justice sued Google over its control of online display advertising. But some would have preferred to have seen the case brought five or six years ago—when the gap between what publishers and the tech giants generate from online ads was not as wide as it is today. Publishing executives say they might have had a chance to build the ad tools that could... Read more ›

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The Information
The Information Staff @ The Information · 10/03/2024 21:47 EDT

We’re excited to see everyone on October 7th and 8th at The Information's WTF Summit. Our breakout sessions are an important part of the Summit. At this year’s event, we’ll have two sets of 35-minute breakout sessions on Tuesday, October 8th. Here’s a preview of this year’s topics. Connected Experiences: What the Future of Smart Living Looks Like 1:15 PM From consumer tech to robotics, hear from industry leaders about... Read more ›

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