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The Information
Sara Germano @ The Information 1 place · 02/01/2025 08:00 EDT

When selecting the venue for next weekend’s Super Bowl between the Kansas City Chiefs and Philadelphia Eagles, the NFL went with a traditional choice: New Orleans. It’ll be the 11th time the Big Easy has hosted the Big Game, tying it with Miami for hosting the most Super Bowls ever. Recently, however, the world’s richest professional sports league has hinted it may be ready to dispense with tradition: A Super... Read more â€ș

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The Information
Kevin McLaughlin @ The Information 2 place · 01/31/2025 21:00 EDT

Texas Republican Gov. Greg Abbott has banned the use of the Chinese AI software Deepseek on government-owned devices to protect the state’s critical data, intellectual property, and other assets from being accessed by the Chinese government, his office said in a statement. The Texas ... Read more â€ș

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The Information
Stephanie Palazzolo @ The Information 3 place · 01/31/2025 19:41 EDT

ChatGPT Subscribers Nearly Tripled to 15.5 Million in 2024

Paid subscribers to ChatGPT nearly tripled to 15.5 million last year from 5.8 million a year earlier, OpenAI recently told some shareholders, despite competition from chatbots made by Google, Anthropic and Meta Platforms. Based on what OpenAI charges for the chatbot subscriptions, the increase means ChatGPT was likely generating at least $4 billion in annualized revenue around the end of last year, or $333 million per month, just two years... Read more â€ș

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The Information
Erin Woo @ The Information · 01/31/2025 18:37 EDT

Joan Braddi, who negotiated Google’s deals to put its search engine on Apple devices beginning more than 20 years ago, left at the end of last year, a company spokesperson said. The initial deal Braddi—one of the company’s earliest employees—negotiated did not include a revenue share. But by ... Read more â€ș

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The Information
Martin Peers @ The Information · 01/31/2025 18:23 EDT

Is Mark Zuckerberg auditioning for the role of Elon Musk’s Mini-Me? We’re kidding, but it is uncanny how much Zuckerberg seems to be following Musk’s lead lately. In the latest example, The Wall Street Journal reported on Friday that Meta Platforms is considering moving its legal incorporation to Texas, out of Delaware, just as Tesla did last year. This follows Zuckerberg’s recent decision to adopt a “community notes” feature for... Read more â€ș

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The Information
Jessica E. Lessin @ The Information · 01/31/2025 17:29 EDT

This week on More or Less: DeepSeek, memes and Dave quits social media. Apple Spotify YouTube Episode Transcript Read more â€ș

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The Information
Sri Muppidi @ The Information · 01/31/2025 16:36 EDT

Zyphra, a Palo Alto, Calif., developer of open-source models that can be downloaded to devices like phones or home entertainment devices, is in talks to raise $100 million in Series A funding at a $1 billion valuation, according to a person close to the company. Returning investor Metaplanet, ... Read more â€ș

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The Information
Catherine Perloff @ The Information · 01/31/2025 16:25 EDT

As Meta Platforms sets about turning its massive investment in artificial intelligence into ways to make money, it’s asking ad agencies for help. Meta has been sending its engineers to work with ad agencies on developing AI tools designed to do everything from tweaking videos and static images in ads to evaluating the effectiveness of such images in ads, ad agency executives said. Read more â€ș

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The Information
Sylvia Varnham O'Regan @ The Information · 01/31/2025 15:16 EDT

Meta Platforms is considering reincorporating its business outside of Delaware, possibly in Texas or other states, according to a report in the Wall Street Journal. Such a move would put Meta CEO Mark Zuckerberg in step with Elon Musk, who has reincorporated several of his companies, including ... Read more â€ș

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The Information
Sylvia Varnham O'Regan @ The Information · 01/31/2025 15:11 EDT

Meta Platforms CEO Mark Zuckerberg told employees Thursday that Meta sold more than one million of its Ray-Ban smart glasses in 2024, marking the first time the company has disclosed sales figures for the product. Meta has invested heavily in the glasses, designed in partnership with Ray-Ban ... Read more â€ș

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The Information
Yueqi Yang @ The Information · 01/31/2025 14:20 EDT

Kraken, a crypto exchange, said its revenue last year was $1.5 billion, more than doubled from $671 million in 2023. The company said its adjusted earnings before interest, taxes, depreciation, and amortization was $380 million last year. In comparison, Coinbase, the biggest U.S. crypto ... Read more â€ș

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The Information
Erin Woo @ The Information · 01/31/2025 13:49 EDT

Apple filed an emergency motion Thursday evening seeking to pause the U.S. government’s antitrust case against Google as the iPhone maker appeals a district court judge’s decision to block it from intervening. The judge last year ruled that a contract between the companies to make Google Search ... Read more â€ș

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The Information
Theo Wayt @ The Information · 01/31/2025 12:14 EDT

In 1862, from a hill in northern Virginia, troops under Confederate General Stonewall Jackson rained artillery fire upon a column of Union soldiers on a dirt road about a thousand feet away, in the opening shots of the Second Battle of Manassas. When I visited a farmhouse on the site on a frigid day earlier this month, I saw the signs of a modern-day conflict unfolding on the same ground.... Read more â€ș

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The Information
Juro Osawa @ The Information · 01/31/2025 09:00 EDT

DeepSeek has shaken up Silicon Valley and Wall Street with its stunning advances in artificial intelligence. But its technological success doesn’t mean China’s AI industry has figured out how to make money. The rise of DeepSeek contrasts with the struggles of other Chinese competitors, especially the best-known AI unicorns dubbed the “six little dragons.” The six startups—MiniMax, Moonshot AI, Zhipu AI, Stepfun, Baichuan and 01.AI—spearheaded China’s AI push in the... Read more â€ș

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The Information
Anissa Gardizy @ The Information · 01/30/2025 20:47 EDT

Blackstone ‘Very Closely’ Watching DeekSeep’s Impact On Data Centers

Blackstone, a major investor in data centers, told investors Thursday that it’s been looking at the potential impact of cheap, powerful artificial intelligence from China on the data center market. The release of DeepSeek R1, a reasoning model developed by a Chinese quant fund, has shaken up ... Read more â€ș

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The Information
Erin Woo @ The Information · 01/30/2025 20:09 EDT

Google on Thursday offered U.S. employees of its Chrome, Android and Pixel teams voluntary buyout package that included severance pay, a Google spokesperson said. The move comes nine months after Google combined the teams under executive Rick Osterloh, giving him oversight of more than 20,000 ... Read more â€ș

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The Information
Martin Peers @ The Information · 01/30/2025 20:00 EDT

Apple’s China Syndrome

Apple had good news and bad news when it reported December-quarter results on Thursday. The bad news was that revenues from China—Apple’s second-biggest market—shrank 11%, almost certainly a result of Apple losing share in smartphones to local rivals such as Huawei. Indeed, iPhone revenues globally shrank 0.8% in the quarter. The good news is that despite the falloff in China, Apple’s top line expanded 4%, thanks to solid growth in... Read more â€ș

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The Information
Sri Muppidi @ The Information · 01/30/2025 19:35 EDT

General Catalyst has reached out to several institutions to buy a stake in its management company according to Axios. General Catalyst itself may be the buyer, according to Axios. In 2018, Petershill Partners, an investment firm operated by Goldman Sachs Asset Management, bought a stake in ... Read more â€ș

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The Information
Kevin McLaughlin @ The Information · 01/30/2025 19:12 EDT

Intel on Thursday said revenue fell 7% to $14.3 billion in the fourth quarter, but the result meant the chip maker’s performance was in line with the best-case scenario the company had projected three months earlier. Its $126 million net loss in the quarter was also many times lower than what ... Read more â€ș

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The Information
Natasha Mascarenhas @ The Information 1 place · 01/30/2025 18:01 EDT

Hi - Before we get into today’s column, some breaking news: OpenAI is in talks to raise another giant round, of about $40 billion, led by SoftBank, which would value the ChatGPT maker at $300 billion including the investment—nearly double its valuation late last year in a Thrive Capital-led round. OpenAI will use some of the money to fund its commitment to Stargate, which I reported last week would be... Read more â€ș

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