Tesla CEO Elon Musk said the company would release Robotaxis costing less than $30,000 in 2026, though he stopped short of promising the vehicles would be fully autonomous, describing them as “highly optimized for autonomous transport.” Musk also said the company would sell $20,000 humanoid ... Read more ›
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It’s become well understood that the high-stakes political world more closely mirrors the satire “Veep” than the prestige-draped “The West Wing.” Behind the pomp, circumstance and power are humans who, like all of us, are prone to bumbling mistakes.   The same thing can be said, it seems, about highly choreographed, stealthy corporate activist investors. Case in point today: Starboard, one of the largest such firms, had its $1 billion activist... Read more ›
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A federal judge in Virginia on Thursday denied domain registrar GoDaddy’s effort to dismiss an antitrust lawsuit alleging that the company deterred its customers from using software tools made by a competitor. Entri, a startup that helps domain owners connect their websites to software tools ... Read more ›
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The boom in artificial intelligence funding has extended into the healthcare sector, where startups are developing generative AI tools to improve patient care.Abridge, a six-year-old startup that uses AI to transcribe doctors’ conversations with their patients, is raising $250 million at a valuation of $2.5 billion before the investment, according to people familiar with the deal. Elad Gil, a prolific solo fund manager and a co-founder of Color Genomics (now... Read more ›
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Toptal, a hiring startup that connects companies with technical freelance workers such as developers and engineers, has laid off a significant number of workers, according to LinkedIn posts by employees who said they were laid off and people who said they lost their jobs. The layoffs affected ... Read more ›
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Earlier this year, when healthy-bagel startup BetterBrand was looking to raise more capital, things seemed to be going well. The firm told investors revenue was on track to roughly double this year, and it was expanding into Europe. But founder and CEO Aimee Yang thought the company should be valued at between $250 million and $300 million, above the $170 million valuation the firm had secured in mid-2023 from investors... Read more ›
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Investing giant Fidelity Investments is laying the groundwork to launch a money market fund that may trade on a blockchain in the future. It’s the latest effort by a big traditional money manager to explore using the technology to speed up financial transactions and widen the audience for its products. Fidelity on Sept. 26 filed paperwork with U.S. securities regulators to outline its plans, a move that has not previously... Read more ›
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Ahead of Hurricane Milton’s landfall in Florida, some local creators decided to stay put—and use the natural disaster as an opportunity to capture some prime viewership. These terrifying videos of wind-whipped trees and troubled skies are hard to pass up. But they also show creators playing to the internet’s worst instincts.“Shit is looking dicey,” said Morgan Roos, a TikTok creator with 1.5 million followers, who is based in Tampa and... Read more ›
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Marketing software vendor HubSpot has struck a deal to buy Cacheflow, which sells a billing product for businesses, for roughly $100 million, according to a person with direct knowledge of the situation. The acquisition, which could be announced as soon as Friday, will help HubSpot expand its ... Read more ›
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Amid a roomful of Silicon Valley elite this week, a Clinton made a rousing call to action by recounting a tragedy: the story of Amanda Zurawski, a young Texan woman left infertile after a botched abortion procedure. “This is what we’re doing to women in America,” said Chelsea Clinton, daughter of Bill and Hillary, founder of Metrodora Ventures, a New York venture firm, and vice chair of her family’s Clinton... Read more ›
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Federal regulators hit TD Bank with about $3 billion in fines after the firm pleaded guilty to widespread money-laundering breaches that allowed criminals to easily open accounts and move money through the bank for nearly a decade. The penalties, issued by FinCEN, the Office of the Comptroller ... Read more ›
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Apple will offer its TV+ streaming service through Amazon Prime Video in the U.S. beginning later this month, according to the companies. Apple TV+ will be sold as a $9.99 add-on subscription within Prime Video. A wide range of streaming services are offered through Amazon Prime Video, including ... Read more ›
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Howdy! Amir and Rocket here. Before we get to today’s column, please read this phenomenal piece from Aaron about Microsoft CEO Satya Nadella’s market analysis methods. Hint: they involve an absurd number of meetings and calls with people outside his company. It’s a leadership masterclass.Onto today’s issue…When we told you in July that OpenAI would probably lose $5 billion this year, we also explained how the company reminded us of... Read more ›
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Technology is in a state of rapid change. Google faces a historic antitrust breakup. Advances in artificial intelligence are minting multibillion-dollar startups. And venture capital is still grappling with the hangover of the 2021 boom. Speakers at The Information’s Women in Tech, Media and Finance summit had opinions on them all. Chelsea Clinton called on Silicon Valley to use artificial intelligence to get out the vote. Marissa Mayer noted a... Read more ›
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Investors may be viewing Meta Platforms’ stock through rose-tinted glasses. Meta’s shares have soared over 70% this year, more than those of any other big tech stock except Nvidia, giving Meta a premium valuation next to comparable stocks such as Alphabet’s. Shares of the Facebook and Instagram parent now trade at 14.2 times next year’s expected earnings before interest, taxes, depreciation and amortization, compared to 12.3 for Alphabet, according to... Read more ›
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TikTok’s parent company ByteDance has released $170 AI-equipped wireless earbuds into the Chinese market. The earbuds enable users to talk to the company’s artificial intelligence chatbot, Doubao, without looking at their phones. The product is the latest sign of how tech companies are coming up ... Read more ›
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Sierra, an artificial intelligence startup co-founded by former Salesforce co-CEO Bret Taylor, is raising hundreds of millions of dollars in new funding led by growth-stage investor Greenoaks Capital, according to two people who have examined the deal. The new financing will at least triple the company’s valuation, which was $1 billion in a funding round in January, one of the people said, adding they expected the valuation to surpass $4... Read more ›
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We’re at the point in the Google antitrust battle where the story has stalled. Not much real news is going to happen for a while. We got blaring headlines late on Tuesday night about the government’s latest filing in the search case (the one Google has already lost but awaits penalties for). The headlines emphasized the government’s desire to break Google up, although the document refers only to possible “structural... Read more ›
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Liam Fedus, one of seven leaders who oversaw the development of OpenAI’s new reasoning models, was recently promoted to lead post-training, a group that improves and prepares artificial intelligence models for release, said a person with knowledge of the move. Fedus is taking a role ... Read more ›
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In September, Amazon CEO Andy Jassy made waves when he announced a plan to sharply reduce the number of managers at the internet giant, partly to combat the bureaucracy creeping into its culture. It turns out Jassy’s plan will affect far fewer managers than some outside the company had expected. Amazon’s efforts to cut back the number of managers at the company will apply only to its corporate employees, not... Read more ›
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28.03.2026 13:24
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