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Paris Martineau @ The Information 2 place · 09/06/2024 12:00 EDT

In early January, Marty Sharpe thought he’d get a few dozen teachers to show up to his professional development course on using generative artificial intelligence in the classroom. After all, it was an optional workday after the two-week winter break at the Catawba County Schools in North Carolina. Instead, Sharpe—the Catawba school district’s chief technology officer—was stunned that nearly a hundred educators signed up for the course, and that it... Read more

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The Information
Kaya Yurieff @ The Information 2 place · 09/06/2024 10:35 EDT

OnlyFans revenue rose 20% to about $1.31 billion for the fiscal year ending November 2023, compared to the previous year. The total number of creator accounts jumped by 29% to about 4.1 million, while fan accounts rose 28% to 305 million, according to a U.K. filing from the adult content site’s ... Read more

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The Information
Stephanie Palazzolo @ The Information · 09/06/2024 10:00 EDT

Musk’s Rivals Take Jabs at His GPU Cluster, Nvidia’s Cuda Weakness, Enterprise AI Use Cases: Summit Highlights

I’m still buzzing from getting to meet so many of you yesterday at our first-ever AI Summit. We got to talk all things LLMs, chips and AI applications with leaders such as Reid Hoffman, one of the earliest investors in OpenAI and a Microsoft board director; Chris Lattner, who helped Google launch their tensor processing units and TensorFlow software; and Naveen Rao, the former CEO of MosaicML, whose acquisition by... Read more

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The Information
Jon Victor @ The Information · 09/06/2024 09:00 EDT

New AI Business Model: Charging Customers Only When the Tech Works

Last month, Zendesk, which makes customer support software aided by artificial intelligence, decided to sell it in a daring new way. Instead of charging businesses based on how often they use the software—essentially an AI chatbot—to try to resolve customer problems, Zendesk began charging them only when the chatbot completed the task without needing employees to step in. Read more

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The Information
Juro Osawa @ The Information · 09/06/2024 04:27 EDT

Broadcom CEO Hock Tan said a long-term trend in the artificial intelligence chip industry is that “hyperscalers"—the biggest cloud providers and other tech giants operating huge platforms—are all moving toward creating their own custom chips. If such a trend accelerates, Broadcom, ... Read more

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The Information
The Information Staff @ The Information · 09/05/2024 22:37 EDT

Artificial intelligence has turned into a battle of giants—but there is still room for startups, from makers of graphics processing units to applications that promise to make healthcare more efficient. Those themes emerged from The Information’s AI Summit in San Francisco Thursday. Greylock Partners’ Reid Hoffman called Elon Musk’s recent claim that his xAI startup had assembled a cluster of 100,000 Nvidia chips in four months “table stakes” for the... Read more

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The Information
Martin Peers @ The Information · 09/05/2024 20:00 EDT

Verizon’s Backflip

It’s the investment bankers’ dream—a company so desperate for growth that it engages in years of dealmaking under one CEO, while his successor spends years undoing all that earlier work. We’re talking about Verizon, whose $9.6 billion purchase of Frontier today is the culmination of nearly a decade of back-and-forth M&A negotiation. This is what happens when you’re making lots of money but your core business—cellular phones—has saturated the market.In... Read more

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The Information
Erin Woo @ The Information · 09/05/2024 19:02 EDT

OpenAI Investor Hoffman Says Musk’s New AI Chip Cluster Is ‘Table Stakes’

Elon Musk’s recent claim that his xAI startup had assembled a cluster of 100,000 Nvidia chips in four months represents “table stakes” for the kinds of artificial intelligence Musk is pursuing, venture capitalist Reid Hoffman said Thursday at The Information’s AI Summit. “I don't think it's necessarily [that] he's in the lead,” said Hoffman, a partner at venture firm Greylock Partners and a director at Microsoft. He said such a... Read more

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The Information
Kate Clark @ The Information · 09/05/2024 18:00 EDT

Maybe it was a blessing in disguise that I spent most of Labor Day weekend in bed recovering from a bout of Covid, because I was blissfully unaware of the newest venture capital debate brewing online.Rather than enjoy barbecues with their families, it seems like many venture capitalists and startup founders spent the weekend engaging in an argument about the efficacy of “founder mode” versus “manager mode,” a conversation inspired... Read more

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The Information
Rocket Drew @ The Information · 09/05/2024 17:00 EDT

The Superstar Podcast Deals of 2024

Not too long ago, it didn’t seem plausible that chatting with a friend in front of a microphone could make for a lucrative career. I hosted a weekly radio show for about eight years, starting in 2010, when no one had heard of a podcast. During that time, the most common question I received was “That’s neat, how much does it cost you?” So I was surprised as anyone when... Read more

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The Information
Steve LeVine @ The Information · 09/05/2024 16:52 EDT

Former President Donald Trump said that if re-elected, he would appoint Tesla CEO Elon Musk to head a commission to audit the federal government and recommend “drastic reforms” that could save trillions of dollars. Musk has been angling for such a position on X, the social platform ... Read more

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The Information
Sahil Patel @ The Information · 09/05/2024 16:04 EDT

Oracle co-founder and billionaire Larry Ellison will be the controlling owner of Paramount Global after a group led by his son, David Ellison, completes its acquisition of Paramount’s current owner, the Redstone family’s National Amusements. According to an FCC filing on Thursday, Ellison, who ... Read more

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The Information
Anissa Gardizy @ The Information · 09/05/2024 11:01 EDT

Nvidia is part of an investor group that agreed to invest $160 million in Applied Digital, a publicly traded data center and cloud computing firm focused on Nvidia’s artificial intelligence chips, Applied Digital said Thursday. Nvidia’s involvement in the fundraising follows similar investments ... Read more

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The Information
Stephanie Palazzolo @ The Information 3 place · 09/05/2024 10:00 EDT

How much would you be willing to pay for ChatGPT every month? $50? $75? How about $200 or $2,000?That’s the question facing OpenAI, whose executives we hear have discussed high-priced subscriptions for upcoming large language models, such as OpenAI’s reasoning-focused Strawberry and a new flagship LLM, dubbed Orion. (More on those models here and here.) How much customers are willing to pay for the AI chatbot matters not only to... Read more

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The Information
Qianer Liu @ The Information 3 place · 09/05/2024 09:06 EDT

Huawei Technologies, whose phones are a major competitor to Apple’s iPhones in China, has scheduled a big product announcement for next Tuesday, the day after Apple is expected to unveil its next iPhone. That would be an ideal time for Huawei to unveil its much-anticipated next flagship phone, the Mate 70. But Huawei and the company that manufactures its chips, Semiconductor Manufacturing International Corp., are struggling with production of the... Read more

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The Information
Jon Victor @ The Information · 09/04/2024 22:44 EDT

Shares in C3.ai, which sells artificial intelligence services to large companies and government agencies, fell as much as 17% despite projecting that revenue growth in the current fiscal quarter would accelerate to 23%, or about $90 million, based on the midpoint of its guidance, compared to 21% ... Read more

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The Information
Martin Peers @ The Information · 09/04/2024 20:00 EDT

It’s the billion-dollar baby of artificial intelligence. Safe Superintelligence Inc., the AI startup launched by former OpenAI chief scientist Ilya Sutskever, announced Wednesday it had raised a whopping $1 billion from big-name venture capital firms, including Sequoia and Andreessen Horowitz. That’s a huge amount of money for a three-month-old company with 10 staffers, no product and a “singular focus” on creating “safe” AI rather than a money-making product (at least... Read more

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The Information
Kaya Yurieff @ The Information · 09/04/2024 17:35 EDT

A YouTuber Finds the Math on Shorts Doesn’t Add Up

Almost a year ago, I wrote about sports creator Jack Settleman’s decision to abandon a YouTube account that had nearly 600,000 subscribers and start over on YouTube. His initial channel had become popular thanks to Shorts videos, but those viral views didn’t translate over to longer videos or help build a loyal audience, he told me. Read more

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The Information
Sahil Patel @ The Information · 09/04/2024 13:53 EDT

Elon Musk’s X said it has launched a new video app in beta for internet-connected TV screens as the company tries to revitalize its struggling ads business. The new TV app is available in some app stores with more on the way, the company’s X Engineering account posted, without providing further ... Read more

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The Information
Yueqi Yang @ The Information 2 place · 09/04/2024 13:05 EDT

Uniswap Labs, the largest decentralized crypto exchange, agreed to settle charges by the Commodity Futures Trading Commission that it illegally allowed small individual investors to make leveraged crypto bets. The CFTC alleged that Uniswap allowed users to trade tokens that provided leveraged ... Read more

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