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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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The Information
Anissa Gardizy @ The Information · 09/23/2024 16:45 EDT

Anthropic, OpenAI’s largest startup competitor, has started talking to investors about raising capital in a deal that could value the startup at $30 billion to $40 billion, roughly doubling its valuation from a funding that closed early this year, according to an existing investor who spoke to company leaders. Anthropic, which generates revenue from selling access to its Claude conversational artificial intelligence, is taking the temperature of investors in the... Read more ›

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The Information
Theo Wayt @ The Information · 09/23/2024 14:01 EDT

Why Amazon Is Helping Merchants Sell On Rival Sites

Last week, as Amazon’s annual gathering of online sellers was kicking off at the Seattle Convention Center, Temu staffers held an invite-only happy hour just a couple of blocks away to pitch Amazon merchants on joining the fast-growing bargain site over sliders and an open bar. That kind of wooing may seem like a serious threat for Amazon, given outside merchants account for the majority of its online sales. But... Read more ›

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The Information
Cory Weinberg @ The Information · 09/23/2024 11:30 EDT

Startup investors have been scurrying lately to come up with new ways to turn their investments into cash, given that the conventional paths to cashing out—the startup goes public or gets acquired by a bigger tech firm—are much harder to pull off nowadays. Some investors are hoping private equity firms snap up their companies. Others are trying to find willing buyers for their stakes in the secondary markets. Then there’s... Read more ›

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The Information
Amir Efrati @ The Information · 09/23/2024 10:00 EDT

A lot happened toward the end of last week. For starters, OpenAI CEO Sam Altman showed once again that he's a master of fundraising. Despite what seemed like a lack of investor enthusiasm just a few weeks ago, Altman appears to have gotten enough demand to raise more than $6 billion for the ChatGPT creator, at a roughly $150 billion valuation, according to Kate. That's nearly double its valuation from... Read more ›

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The Information
Cory Weinberg @ The Information · 09/23/2024 09:00 EDT

Parker Conrad is excited. Eager to demonstrate a corporate travel booking tool his company, Rippling, is about to introduce, Conrad opens his laptop and shows off a page that has the kind of flight and hotel selection layout familiar to anyone who has used Google Flights. “Let me show you some stuff,” he said. His company, which sells an intertwined bundle of human resources, information technology and finance software tools... Read more ›

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The Information
Meredith Mazzilli @ The Information · 09/22/2024 18:03 EDT

The U.S. Commerce Department is set to propose rules as soon as Monday banning the use of Chinese software and hardware in autonomous and connected vehicles, Reuters reported on Saturday. President Joe Biden earlier this year had launched an investigation into whether vehicles from China ... Read more ›

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The Information
Cory Weinberg @ The Information 1 place · 09/21/2024 10:00 EDT

Welcome, Weekenders! In this newsletter:• The Big Read: Bling it on! The AI startup turning shoppers into jewelry designers• Power and Influence: How Ron Conway went from playing in local San Francisco politics to helping oust Joe Biden• The Top 5: The best resources for whistleblowers • Plus: Why helicopter parents are ruining their kids; AI as fan fiction; and, finally, a real Elon exposé! When the Warriors begin their... Read more ›

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The Information
Paris Martineau @ The Information 2 place · 09/21/2024 08:00 EDT

So You Wanna Be A Whistleblower?

Shortly after Libby Liu joined Whistleblower Aid as CEO in spring 2021, the legal nonprofit got a new client: Frances Haugen, a former Facebook product manager who, with the organization’s help, would soon become quite famous (or infamous—depending on your point of view). Founded in 2017, Whistleblower Aid is dedicated to supporting whistleblowers by providing a slew of resources—including legal representation, mental health services, physical security and a comprehensive media... Read more ›

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The Information
Jon Victor @ The Information 3 place · 09/20/2024 19:33 EDT

Video conferencing company Zoom is reducing the amount of stock it uses to compensate employees, following similar moves by enterprise software firms Salesforce and Workday, according to Bloomberg. Shares of those companies have performed badly compared to broader stock indices this year. CEO ... Read more ›

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The Information
Cory Weinberg @ The Information · 09/20/2024 18:00 EDT

Just after Marc Andreessen and Ben Horowitz surprised the tech world by backing Donald Trump for the presidency a few months ago, liberals took glee in the fact that the two venture capitalists made the political equivalent of an investment no-no: They bought at the top of the market. After their endorsement, Joe Biden dropped out, paving the way for Kamala Harris, who is running slightly ahead of Trump in... Read more ›

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The Information
Anissa Gardizy @ The Information · 09/20/2024 17:11 EDT

Qualcomm approached Intel in recent days to express interest in buying the beleaguered chip maker, according to the Wall Street Journal. The approach follows Intel’s statements that it was looking at numerous options to turn around its flagging chip design business and money-losing chip ... Read more ›

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The Information
Anissa Gardizy @ The Information · 09/20/2024 13:35 EDT

Microsoft Deal Will Reopen Three Mile Island Nuclear Plant to Power AI

Microsoft signed a deal to restart a nuclear power plant at Three Mile Island in Pennsylvania to power its rapidly expanding data centers for artificial intelligence computing, the companies said Friday. Microsoft will purchase energy from a plant known as TMI Unit 1, which shut down in 2019 for ... Read more ›

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The Information
Josh Koehn @ The Information 1 place · 09/20/2024 12:00 EDT

As early morning darkness still covered the Mediterranean, Ron Conway’s phone started to blow up. The billionaire venture capitalist was asleep on a yacht off the Italian coast. But six time zones away in Atlanta, President Joe Biden was self-immolating in a live TV debate against former President Donald Trump. When Conway awoke, he wasted no time and fired off emails and text messages to the friends, colleagues and other... Read more ›

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