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The Information
Kaya Yurieff @ The Information · 09/24/2024 18:01 EDT

I’ve been binging Hulu’s new reality TV series, “The Secret Lives of Mormon Wives,” which follows the lives of eight young TikTok-famous Mormon moms who get caught up in a scandal where some of them hooked up with each other’s husbands.Even though that drama played out in real time on TikTok two years ago, the show has become a huge hit. Hulu announced it was the streamer’s most-watched premiere of... Read more

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The Information
Ann Gehan @ The Information · 09/24/2024 17:12 EDT

Stitch Fix shares dove 18% in after-hours trading Tuesday, after the online styling service said that revenue fell for a third straight year and CEO Matt Baer said it could take the company until 2026 to restart growth. For its most recent fiscal year, which ended Aug. 3, Stitch Fix reported ... Read more

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The Information
Yueqi Yang @ The Information · 09/24/2024 17:06 EDT

Caroline Ellison, 29, a key prosecution witness in the fraud trial of FTX founder Sam Bankman-Fried, was sentenced to two years in prison on Tuesday for her role in the collapse of the crypto currency exchange. U.S. District Judge Lewis Kaplan praised her “remarkable” cooperation during the ... Read more

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The Information
Anissa Gardizy @ The Information · 09/24/2024 16:54 EDT

Google CEO Sundar Pichai said the artificial intelligence boom is “challenging” to the company’s carbon emissions goal. Speaking at a Carnegie Mellon University event last week, Pichai said Google made a commitment to operate with carbon-free energy by 2030, but that goal was set before the “ ... Read more

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The Information
Michael Roddan @ The Information · 09/24/2024 16:28 EDT

DOJ Accuses Visa of Debit Card Monopoly

The Justice Department sued Visa on Tuesday alleging the company used its dominant market power to stifle competitors and illegally monopolize debit card payments. Visa, which controls roughly two-thirds of U.S. debit transactions and generates $7 billion in annual fees on debit cards, imposed ... Read more

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The Information
Jon Victor @ The Information · 09/24/2024 16:28 EDT

Private equity firms Blackstone and Vista Equity Partners are set to buy publicly traded enterprise software firm SmartSheet for $8.4 billion in cash, in what would be one of the largest tech acquisitions of the year, SmartSheet said in a statement Tuesday. The purchase price of $56.50 per share ... Read more

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The Information
Kaya Yurieff @ The Information · 09/24/2024 16:13 EDT

TikTok is shutting down its music streaming app TikTok Music on November 28, according to a notice on its website. The service wasn’t available in the U.S., but in other countries including Indonesia, Brazil and Australia. The company said users’ account information and ... Read more

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The Information
Aaron Holmes @ The Information · 09/24/2024 15:27 EDT

Microsoft will spend $1.3 billion in Mexico over the next three years on data centers to support demand for artificial intelligence, as well as AI-related training programs in the country, CEO Satya Nadella said on Tuesday during an event in Mexico City. The announcement follows Microsoft’s ... Read more

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The Information
Aaron Holmes @ The Information 1 place · 09/24/2024 10:00 EDT

In case you missed it, my colleagues broke news yesterday about Anthropic’s attempt to draft off OpenAI’s pending fundraising, by looking to do its own funding round. Like OpenAI, Anthropic wants to double its valuation. Whether it can do so despite weaker financials remains to be seen! On to today’s issue… It’s been a while since Microsoft told the world anything about its development of generative artificial intelligence that could... Read more

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The Information
Cory Weinberg @ The Information 3 place · 09/24/2024 09:00 EDT

Helping artificial intelligence companies improve the accuracy of their large language models is turning into a giant business for Scale AI, which labels data for big AI developers like Meta Platforms and Google. Scale nearly quadrupled its sales to almost $400 million in the first half of the year compared with the same period last year, according to people familiar with the figures. Scale is among the privately held firms... Read more

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The Information
The Information Partnerships @ The Information · 09/23/2024 21:48 EDT

AI Summit Recap: Where to Invest in AI

Over the last two years, it’s felt like investors have poured money into any startup with dot-ai in its domain name. In 2023 alone, artificial intelligence funding topped $189 billion. But with hundreds of new AI startups launching each year, it can be difficult for investors to distinguish a true unicorn from a flash in the pan. As part of The Information’s San Francisco AI Summit, Laura Mandaro, managing editor... Read more

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The Information
The Information Partnerships @ The Information · 09/23/2024 21:47 EDT

There’s no doubt that artificial intelligence has already changed the business world. But there are other areas where it has been utterly transformative. One of those areas is health and medicine. As part of the Information’s recent San Francisco AI Summit, reporter Natasha Mascarenhas sat down to discuss the current state of AI in healthcare with three luminaries whose work is synergistic: Ayman AlAbdallah, partner, Mubadala Capital Michael Mager, co-founder... Read more

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The Information
The Information Partnerships @ The Information · 09/23/2024 21:46 EDT

In the age of artificial intelligence, new AI-based apps and platforms are proliferating by the day. What consumers don’t see are all the hurdles a project must overcome to become market ready. As part of The Information’s SF AI Summit, and in partnership with Amazon Web Services, reporter Anissa Gardizy explored the question of what it really takes to go from prototype to products with two industry experts: Adam Seligman,... Read more

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The Information
Rocket Drew @ The Information 3 place · 09/23/2024 21:03 EDT

Telegram’s founder and CEO Pavel Durov said that the private messaging app will start sharing the IP addresses and phone numbers of users who violate its terms of service with “relevant authorities in response to valid legal requests.” Telegram’s encrypted messaging has made the app a magnet for ... Read more

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The Information
Martin Peers @ The Information · 09/23/2024 20:00 EDT

Biden’s Intel Quandary

Merger activity is alive! Well, maybe. Friday’s news that Qualcomm had made a friendly takeover overture to Intel has given a shot of adrenaline to deal junkies everywhere. This would be a big deal. Despite Intel’s travails—its revenue this year is expected to be less than in 2013, according to S&P Global Market Intelligence—the company still had a market capitalization on Friday of around $93 billion.An acquisition would end up... Read more

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The Information
Rocket Drew @ The Information · 09/23/2024 19:32 EDT

Elon Musk posted on X that it is “high time” his social media platform changed its rules around blocked users. “The block function will block that account from engaging with, but not block seeing, public post,” Musk said Monday in the post. Currently, a blocked user cannot see posts from the ... Read more

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The Information
Aaron Holmes @ The Information · 09/23/2024 19:26 EDT

Microsoft Says 34,000 Engineers Are Working on Security After U.S. Government Criticism

Five months after a federal agency found that Microsoft’s “cascade of security failures” exposed its customers to foreign hackers, the company announced that it has taken several steps to make security a top priority. Microsoft now has 34,000 full-time engineers working on securing its products, ... Read more

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The Information
Anissa Gardizy @ The Information · 09/23/2024 18:01 EDT

San Francisco-based Anthropic has begun talking to investors about raising a new round of capital, which could value the company between $30 billion and $40 billion, The Information reported Monday. Anthropic’s discussions are early, and it is not clear investors will agree to such a high ... Read more

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The Information
Yueqi Yang @ The Information · 09/23/2024 17:33 EDT

Coinbase has hired Ryan VanGrack, most recently Citadel Securities’ general counsel, for its legal team, the crypto exchange’s chief legal officer Paul Grewal said on LinkedIn. VanGrack had also worked at the U.S. Securities and Exchange Commission as senior advisor to the chair from 2013 to ... Read more

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The Information
Kate Clark @ The Information · 09/23/2024 17:05 EDT

Polymarket, a blockchain-based prediction market that has taken off as a place for people to bet on the U.S. election, on Taylor Swift’s engagement prospects and on who will win the Super Bowl, is in talks to raise more than $50 million in new capital, according to people familiar with the matter. Polymarket has also discussed the possibility of launching a token that could be used to run its betting... Read more

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15.11.2025 09:08
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