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Kaya Yurieff @ The Information 3 place Ā· 09/16/2024 18:47 EDT

Three federal appeals court judges hearing TikTok’s suit against the U.S. government over legislation that would ban the app in the U.S. focused their questions on the government’s claim that TikTok posed a national security risk. The line of query signaled the judges may be unswayed by TikTok’s ... Read more ›

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The Information
Rocket Drew @ The Information Ā· 09/16/2024 18:12 EDT

EU Commissioner Breton Resigns, Citing Opposition from Commission President

Thierry Breton resigned from his role as internal market commissioner for the European Union, according to a letter the French official posted to X on Sunday night. He accused European Commission President Ursula von der Leyen of trying to prevent his candidacy for a second term in the EU ... Read more ›

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Erin Woo @ The Information Ā· 09/16/2024 18:11 EDT

One of Google's efforts to catch up to OpenAI in the artificial intelligence race is struggling. Google’s conversational AI, Gemini, is too difficult for app developers and businesses to use compared to rivals’ technology, according to interviews with developers and several Google employees that help companies use the AI. Read more ›

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The Information
Kaya Yurieff @ The Information Ā· 09/16/2024 18:00 EDT

Things are not looking great for TikTok. I spent the morning hearing TikTok’s lawyers present their arguments to convince a Washington appeals court that a ban would infringe on the First Amendment rights of 170 million American users, as well as creators.Ā The response from the court—a panel of three judges of the United States Court of Appeals for the D.C. Circuit—was telling. They spent more time questioning TikTok lawyers... Read more ›

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The Information
Theo Wayt @ The Information Ā· 09/16/2024 15:02 EDT

Amazon is planning to eliminate some management roles in an effort to streamline the company, CEO Andy Jassy said in a memo on Monday. The company is also ordering most employees back to the office five days per week. Jassy said in the memo that Amazon’s goal is to increase the ratio of ... Read more ›

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The Information
Aaron Holmes @ The Information Ā· 09/16/2024 11:32 EDT

Microsoft is rolling out new ā€˜Copilot’ features in its Office 365 software in an effort to convince more businesses to spend on the $30-per-user AI software, CEO Satya Nadella said Monday. The company is adding a new ā€œCopilot Agentsā€ feature that lets people configure AI agents that will carry ... Read more ›

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The Information
Stephanie Palazzolo @ The Information Ā· 09/16/2024 10:00 EDT

OpenAI finally released its Strawberry reasoning artificial intelligence last week—or rather, an initial, less-complete version known as o1-preview. We first reported about the breakthrough behind Strawberry 10 months ago when it was still called Q*, and more recently told you what was coming, though we expected a more inspiring name than o1-preview!The reasoning model differs from prior large language models like GPT-4 in one key way: When training the reasoning... Read more ›

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The Information
Wayne Ma @ The Information Ā· 09/16/2024 09:00 EDT

TikTok’s parent company, ByteDance, is accelerating efforts to make its own artificial intelligence chips as it looks for an edge over its rivals in China’s AI chatbot market. ByteDance is aiming for mass production of two semiconductors it has designed by 2026, in collaboration with chipmaker Taiwan Semiconductor Manufacturing Co., according to two people with direct knowledge of the matter. Production of the chips could reduce ByteDance’s dependence on costly... Read more ›

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The Information
Laura Mandaro @ The Information 2 place Ā· 09/15/2024 14:25 EDT

Insight Partners has $10 billion in commitments from its investors for its latest fund to back private tech startups, according to a person briefed on its plans. While that’s half the $20 billion it had originally targeted at the tail end of the 2021-2022 bull market, it’s still a massive fund ... Read more ›

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Abram Brown @ The Information 1 place Ā· 09/14/2024 10:00 EDT

Welcome, Weekenders! In this newsletter:• The Big Read: The firebrand investor who can explain MAGA tech• The Top 5: The doggone best pet gadgets• Plus: San Francisco goes Bourbon Street for fall; how yuppies live on; and the immigrants and the internet. Remember when an Apple unveiling was actually exciting? Honestly, I can’t. It’s probably been nearly a decade.Ā This week brought more snoozy sameness. The iPhone got a new... Read more ›

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The Information
Martin Peers @ The Information 2 place Ā· 09/14/2024 09:11 EDT

Walt Disney Co. reached a tentativeĀ agreement with satellite TV operator DirecTV that will allow Disney’s TV channels to be restored to DirecTV’s lineup, the companies announced on Saturday morning. The agreement had blacked out Disney’s ESPN during the US Open. Under the ... Read more ›

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The Information
Stephanie Palazzolo @ The Information 2 place Ā· 09/14/2024 09:00 EDT

Legal AI Startup EvenUp In Talks to Raise at $1 Billion Valuation

Startups that can cut down on costly paperwork for lawyers using generative artificial intelligence continue to draw investor dollars, despite the high costs of developing that software and the difficulties the startups face in acquiring exclusive legal data to train their models.The latest: San Francisco-based EvenUp, which develops AI software to help personal injury lawyers compile claims using medical documents and case files, is in talks to raise a new... Read more ›

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The Information
Annie Goldsmith @ The Information 1 place Ā· 09/14/2024 09:00 EDT

Penny Lane, a Boykin spaniel living in the East Bay, is a bolter. It comes naturally to her: The Boykin, which is the state dog of South Carolina, was bred to fetch game during a hunt. ā€œWe live in the suburbs, so there’s some retrieving to be done, but not as much as one wishes,ā€ said Penny’s owner, Allison Braley, a Bain Capital Ventures partner. ā€œThe concern is always, ā€˜Does... Read more ›

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The Information
Martin Peers @ The Information Ā· 09/13/2024 18:30 EDT

What Biden’s Temu and Shein Crackdown Means for Amazon

It’s no surprise that President Joe Biden isn’t a TikTok fan: He’s not really the target demographic. But the president signaled today that he also isn’t a fan of Temu or Shein, two online shopping sites with ties to China that sell lots of cut-price clothing, housewares and other stuff. The Biden administration is taking new steps to close the import duty loophole that has allowed both shopping services to... Read more ›

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The Information
Theo Wayt @ The Information Ā· 09/13/2024 16:59 EDT

The Biden administration’s decision on Friday to end an import exemption that fueled the popularity of sites like Temu and Shein is likely toĀ force China-founded sellers to fast-track overhauling their supply chains—and raise their ultracheap prices. The proposed trade rule changes could also prompt strategy shifts at U.S. apparel brands that have embraced selling direct from China, including venture-backed brands like Cider and Quince, and logistics startups like ShipBob... Read more ›

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The Information
Anita Ramaswamy @ The Information Ā· 09/13/2024 16:00 EDT

Alphabet’s Waymo Expands Uber Partnership to Atlanta, Austin

Alphabet’s self-driving car business, Waymo, is expanding its robotaxi ride-hailing partnership with Uber to people in Atlanta and Austin next year. The two companies already operate a similar partnership in Phoenix, although in that city, Waymo also operates its robotaxi service through its own ... Read more ›

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The Information
Jessica E. Lessin @ The Information Ā· 09/13/2024 13:46 EDT

PerhapsĀ I was a little too harsh on Sam and Dave in this episode when I accused them each of blindly following their favorite tech CEO. But that's part of the fun ofĀ More or Less, where we give you our real views on people and companies—and call each other out on our quirks. I enjoyed this episode very much. It's the kind of discussion and debate that looks back—and... Read more ›

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The Information
Abram Brown @ The Information Ā· 09/13/2024 12:11 EDT

ā€œYou’ve been here before?ā€ asked the guard at the gate, a pistol fastened to his belt. I shook my head no. ā€œIf you go past the red Tesla,ā€ the guard said, waving my Uber through, ā€œyou’ve gone too far.ā€ After a few minutes of Texas shrubland, we arrived at Joe Lonsdale’s back door, where another armed guard ushered me out of the 100-degree heat and into a Spanish-style villa complete... Read more ›

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The Information
Kate Clark @ The Information Ā· 09/13/2024 10:13 EDT

Tiger Global Plans to Join OpenAI’s Funding Round

A clearer picture is emerging of OpenAI’s massive financing, which values the ChatGPT developer at $150 billion. Venture capital firm Tiger Global Management plans to participate in the multi-billion dollar round, according to people familiar with the matter. Tiger would join Thrive Capital, Microsoft, Nvidia, Apple and the Abu Dhabi AI investment firm MGX, as well as Khosla Ventures which are also in talks to participate in the multi-billion dollar... Read more ›

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The Information
Kate Clark @ The Information Ā· 09/13/2024 09:00 EDT

In 2022, not long after the window for initial public offerings slammed shut, European early-stage investment firm Speedinvest hired someone who informally began using a wonky new job title. The firm’s self-styled ā€œhead of DPIā€ is in charge of making sure the distributed to paid-in capital ratio—a measurement of the cash the firm has returned to investors—is as strong as possible. While venture capital firms have long paid attention to... Read more ›

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