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The Information
Juro Osawa @ The Information · 08/13/2024 03:12 EDT

The U.S. Department of Defense has decided to remove Chinese lidar maker Hesai Group from its blacklist of Chinese companies with military ties, the Financial Times reported. The Pentagon added Hesai to the blacklist in January. But now, it has concluded that Hesai, whose lidar sensors are key ... Read more ›

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The Information
Rocket Drew @ The Information · 08/12/2024 20:57 EDT

Elon Musk Blames Trump Interview Delay on DDoS Attack

X owner Elon Musk on Tuesday blamed a late start to a streamed interview with former President Donald Trump on a “a massive DDOS attack on X.” Musk suggested the attack came from Trump’s opposition, without elaborating. The audio stream, which started just under 45 minutes late, followed Trump’s ... Read more ›

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The Information
Martin Peers @ The Information · 08/12/2024 20:00 EDT

It looks like Elon Musk is preparing for a cage match with Thierry Breton, a European commissioner who has been on the X owner’s case over his lack of compliance with European regulations. Today, for instance, Musk re-tweeted the latest missive from Breton—as verbose a letter as any bureaucrat could produce—with an image from the movie “Tropic Thunder” where a character played by Tom Cruise urges someone to have carnal... Read more ›

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The Information
Kaya Yurieff @ The Information · 08/12/2024 16:43 EDT

Patreon on Monday said Apple is requiring the membership site’s iOS app to use the iPhone maker’s in-app purchasing system by November—or it could risk being removed from the App Store. In a blog post, Patreon said this means Apple will take a 30% cut of all new memberships to creators purchased ... Read more ›

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The Information
Sahil Patel @ The Information · 08/12/2024 16:42 EDT

BuzzFeed’s revenue during the second quarter of 2024 fell 24% to $46.9 million, excluding the Complex Networks properties it sold off earlier this year. It reduced its net loss from operations to $6.5 million in the quarter, compared to $22.5 million last year, and generated $2.7 million in ... Read more ›

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The Information
Yueqi Yang @ The Information · 08/12/2024 16:29 EDT

Robinhood announced Monday that it hired former Lyft executive Jeff Pinner as the company’s first ever chief technology officer. Pinner joined the retail brokerage app from self-driving vehicle company Cruise, where he was a distinguished engineer. Prior to that, he spent a decade at Lyft, where ... Read more ›

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The Information
Jon Victor @ The Information 1 place · 08/12/2024 13:02 EDT

Google’s complex deal to hire the founders and other researchers of Character.AI—the third such deal between a tech giant and an artificial intelligence startup in the past six months—raises a question: Which startup might be next? Startups that collectively raised billions to develop their own AI models have found it difficult to compete against big tech companies with vast computing resources and large customer lists. But many startups are loaded... Read more ›

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The Information
Stephanie Palazzolo @ The Information · 08/12/2024 10:00 EDT

The New Fake Math of AI Startup ARR: Not So Annual, Not So Recurring

Being a venture capitalist investing in AI startups these days isn’t that different from being a detective. Much of the job, VCs tell me, is sniffing out the BS and separating it from reality.Nowhere is that more true than when analyzing startups’ top lines. We’ve talked in the past about how some AI startups are pitching investors on their “contracted ARR” (or the revenue that could come from signed contracts... Read more ›

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The Information
Qianer Liu @ The Information 2 place · 08/12/2024 09:00 EDT

Several months ago, an electric appliance company in eastern China put in a $120 million order for 300 servers powered by eight of Nvidia’s cutting-edge H100 chips. The order was for chips that U.S. export rules bar from sale in China. To get around those rules, the company didn’t go to one of Nvidia’s authorized distributors but to a chip broker in Malaysia. The broker arranged for the Chinese buyer... Read more ›

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The Information
Abram Brown @ The Information · 08/11/2024 14:18 EDT

Republican presidential hopeful Donald Trump says hackers penetrated his campaign’s internal communications. Trump’s campaign said the hack came from “foreign sources hostile to the United States.” The hack follows a Microsoft report released on Thursday that warned about Iranian ... Read more ›

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The Information
The Information @ The Information 1 place · 08/10/2024 10:24 EDT

Nothing livens up a weekend like change, and I’m very pleased to tell you about some changes here at Weekend, The Information’s weekly magazine section: We’ve added two new reporters, Josh Koehn and Paris Martineau. Josh joins us from The San Francisco Standard to cover tech’s power and influence in San Francisco and the Bay Area—how the technorati shape the region and vice versa. And at a moment when national... Read more ›

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The Information
Abram Brown @ The Information 1 place · 08/10/2024 10:00 EDT

What Altman Discussed at a Secret All-Male Retreat

Welcome, Weekenders! In this newsletter:• The Big Read: Meet Curtis Yarvis, far-right guru and friend to tech conservatives like Peter Thiel• The Top 5: Our favorite board games • The techies who went for gold in Paris Plus: A nifty, nasty weather app; Stephen King strikes again; and laughter in the slammer. For almost a century and a half, the San Francisco Bohemian Club, an elite gentlemen’s club in Lower... Read more ›

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The Information
Abram Brown @ The Information 3 place · 08/10/2024 09:42 EDT

Omid Kordestani, a former top Google executive who served on Twitter’s board when Elon Musk bought the social network, is suing the company, alleging that Musk hasn’t paid out $20 million worth of shares. Kordestani’s lawsuit adds to a mountain of legal action filed against Musk and the ... Read more ›

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The Information
Akash Pasricha @ The Information · 08/10/2024 09:00 EDT

Shortly before Canyon Barry shipped out for the Paris Olympics to compete in 3×3 basketball, his co-workers at L3Harris Technologies, the U.S. defense tech giant, threw him a jubilant send-off. “A nice little ice cream party,” he recalled. For the occasion, the company commissioned custom T-shirts, showing a basketball orbiting the Eiffel Tower—a nod to the firm’s work with satellites. The banks of the Seine are practically overflowing with athletes... Read more ›

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David Ewalt @ The Information · 08/10/2024 09:00 EDT

Matt Calkins sees a parallel between the best board games and the best software. “What I like is efficiency, the simultaneous utilization of the time of everyone at the table,” said Calkins, founder and CEO of Appian, an enterprise software company. “I like a game with high throughput.” Calkins is the author of several award-winning board games, including the highly regarded Sekigahara: The Unification of Japan, which allows players to... Read more ›

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The Information
Julia Hornstein @ The Information · 08/10/2024 01:39 EDT

WeRide, a Chinese autonomous driving company, is getting ready for its U.S. public debut. The company is selling almost 6.5 million American depositary shares, priced between $15.50 and $18.50 each, it said in a U.S. Securities and Exchange Commission filing on Friday. The offering and ... Read more ›

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The Information
Amir Efrati @ The Information · 08/10/2024 01:33 EDT

Susan Wojcicki, a longtime former Google executive, has died at 56 after battling cancer, according to CEO Sundar Pichai and a Facebook post from Wojcicki’s husband. She had five children. Larry Page and Sergey Brin worked on Google’s search engine in Wojcicki’s garage in Menlo Park, ... Read more ›

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The Information
Rocket Drew @ The Information · 08/09/2024 19:02 EDT

Venezuela Blocks X for 10 Days

Venezuelan president Nicolás Maduro signed an order to block the access of residents in the country to social media platform X for 10 days after Elon Musk criticized the recent presidential election. Venezuela’s electoral council in late July said Maduro won with 51% of the vote. The opposition ... Read more ›

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The Information
Jon Victor @ The Information · 08/09/2024 18:39 EDT

Cisco Reportedly Will Lay Off Thousands of Workers

Networking equipment maker Cisco plans to lay off as many as 4,000 workers, or about 5% of staff, in a second round of layoffs this year as the company prioritizes areas like cybersecurity and artificial intelligence, Reuters reported. A Cisco spokesperson didn’t immediately have a comment. The ... Read more ›

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The Information
Martin Peers @ The Information · 08/09/2024 18:30 EDT

It’s Friday and lots of people are on vacation. That makes this an ideal time to dive into a really wonky subject—accounting. Fun! Don’t click away just yet. This is actually interesting. Two aging entertainment companies, Warner Bros. Discovery and Paramount Global, both chose this week to reveal multibillion-dollar write-downs of their businesses, an admission that their TV networks aren’t worth anything like what they used to be worth. What’s... Read more ›

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