Welcome, Weekenders! In this newsletter:• The Big Read: Midjourney’s David Holz was AI’s creative rebel. Then Google pounced. • Plus, Recommendations—our weekly pop culture picks: “Catching the Codfather” “American Reich” and “For All Mankind”The only thing more fluid these days than which AI company has a better model is which ultraexclusive conference techies lust to be invited to.And JPMorgan Chase’s Tech100, at the private Yellowstone Club in Montana, has been... Read more ›
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We’ve learned this week just how flexible the government’s definitions of “monopolist” and “competition” are. On “The Daily Show With Jon Stewart” Monday night, Federal Trade Commission Chair Lina Khan declared that a company can be judged monopolist if it mistreats its customers and gets away with it. By that definition, any bank or phone company could be judged a monopolist, regardless of the number of competitors it faces. Meanwhile,... Read more ›
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Our Creator Economy Summit in Los Angeles was a success yesterday, with wide ranging discussions about how creators are running startups and how everyone is viewing two of the biggest news stories—a potential TikTok ban and the rise of generative AI. One of the most interesting discussions was around sports. As we’ve written, professional sports organizations like the National Football League are embracing social media influencers and striking deals with... Read more ›
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As Elon Musk builds his xAI artificial intelligence startup, he’s having to compete with big tech giants and a slew of other startups for talent. One place he’s managed to snare several promising engineers from, though, is close to home—Tesla. Last month, Tesla machine-learning scientist Ethan Knight became the fourth Tesla engineer to leave the car company for xAI, the startup’s website shows. At Tesla, Knight had overseen the team... Read more ›
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Online influencers drawing consumer attention and ad dollars from traditional media have made one thing very clear: They only want to ink deals with Hollywood on their own terms. “We’ve been really fortunate to have cool conversations with various studios and production companies—but honestly, at this time, no one has really presented an offer that actually made more sense than what we have,” said Michelle Khare, creator of “Challenge Accepted,”... Read more ›
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The Telecommunications Act of 1996, which compelled the “Baby Bell” telephone networks to allow competing services to operate over their lines, included a less well-known provision that has proved transformative: that customers be allowed to keep their telephone numbers when changing providers. This modest clause helped break the network effect that gave the regional, fixed-line telephone companies a stranglehold over their markets. In so doing, it decentralized the U.S.’s information... Read more ›
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Throughout last year, some venture capitalists raised concerns about artificial intelligence startups that used much of the capital they raised to buy or rent specialized servers powered by Nvidia chips. While spending gobs of money on those servers was all well and good for major cloud providers like Google—which also funded many of these startups so they’d have money to rent those cloud servers—VCs worried the startups could get saddled... Read more ›
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It might be the bleakest chart in the media business: the severe loss of subscribers in recent years among cable and satellite companies, which for decades were the primary way people subscribed to old-fashioned television channels such as CBS and ESPN. Amid the gloom, though, one company has stood out: YouTube TV, which has grown from zero subscribers in 2017 to 8 million in February this year, making it the... Read more ›
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In the beauty pageant of initial public offerings, the latest tech companies to step to the stage, Ibotta and Rubrik, are trying to showcase the “glow-up” transformations they’ve undergone in the past two years.In early 2022, couponing startup Ibotta was struggling for relevance, barely growing and burning cash, looking more like a candidate for the dustbin than the public markets. Rubrik, which sells data storage and security tools to enterprises,... Read more ›
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We’re hosting hundreds of attendees at The Information’s Creator Economy Summit and the conversations are flying. Here are some of the highlights so far.Marni Levine, who leads TikTok Shop’s U.S. operations for small and medium businesses, said the app doesn’t plan to reduce e-commerce content in its powerful For You tab, despite complaints from some users that they’re seeing too much of it. Levine also said it’s planning to bring... Read more ›
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Ty Haney left Outdoor Voices, the athleisure startup she co-founded, after a widely publicized dispute four years ago with the company’s board. Now she’s taking a new shot at one of the ideas that caused the rift: building loyal communities of users. “Having built a brand whose life was cut short for various reasons, I saw a need to create a hub for long-lasting relationships, which can reward for things... Read more ›
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TikTok isn’t swayed by users complaining they’re seeing too much on their feeds from creators hawking products. “I’m not considering” dialing back the amount of e-commerce content on TikTok’s For You page, said Marni Levine, head of TikTok Shop’s U.S. operations for small and medium businesses, in response to a question about user complaints at The Information’s Creator Economy Summit. Read more ›
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The valuations of artificial intelligence startups, as a multiple of their projected future revenue, may be coming down from their peaks.Three months ago, we calculated such valuation multiples for eight prominent companies that sell consumer or enterprise services tied to large language models. On average, investors valued these companies at 83 times their projected sales—usually calculated as annualized revenue, or 12 times their monthly revenue at the time of the... Read more ›
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Amazon’s grab-and-go checkout system, Just Walk Out, has been a centerpiece of its ambitions to transform bricks-and-mortar supermarkets. Now Amazon is gearing up to open a new batch of grocery stores after an 18-month pause—and it’s ditching the technology. Tony Hoggett, Amazon’s senior vice president of grocery stores, said in an interview that the next generation of Amazon Fresh stores, the commerce giant’s answer to mass-market grocery chains, will focus... Read more ›
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We got big news today from the world of enterprise software. Microsoft has decided to stop including its Teams feature, a rival to Slack and Zoom Video, by default in its Office suite of software services, at least for new customers. The software giant made this change in Europe last summer, after a regulatory inquiry in its Teams bundling practices began, and has now extended it globally. Perhaps the company... Read more ›
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After breaking the news on Friday about how Microsoft and OpenAI are drawing up plans for an ambitious data center project costing as much as $100 billion, we were bombarded with questions from people across the artificial intelligence and cloud industries: What part of the country will it be located in? What chips would it use? How would the companies acquire the nearly-unfathomable amount of power needed to run it?Our... Read more ›
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Not long after Mary Ellen Coe joined YouTube as chief business officer in late 2022, leaders at the streaming video behemoth began intensifying their questions about a team of YouTube staffers who provided support to content creators. They wanted to know if the team was worth the money YouTube was investing in it, said a person involved in these meetings. The video service’s business team sifted through data to see... Read more ›
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In 2020, a mania erupted around next-generation electric vehicle batteries, especially lithium-metal batteries that promised 500 miles of driving range, twice as far as most EVs could go on a charge at the time. Investors mobbed QuantumScape, a California lithium-metal battery developer, whose share price rose almost sixfold in the month following its public listing that year when it predicted, among other things, that its batteries would be powering 1... Read more ›
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Welcome, Weekenders! In this newsletter:The skinny on Kim Kardashian’s Skims—and how it dodged retail armageddon.Beyoncé water and fake Pilsner: Our top 5 favorite New Age canned beverages that thirsty VCs love, too.Plus: The perils of inheritance; a man who could save us from our sinking world; and how a football star, a preacher and an actor shaped modern America.On Thursday, billionaire Josh Kushner and his wife, Karlie Kloss, declared their... Read more ›
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“We’re not trying to bring back Prohibition—or judge anyone,” promised Bill Shufelt, leading me through a taste test of the fake beer from his seven-year-old Athletic Brewing, recently valued at nearly a half-billion dollars. That money has afforded some fine products: To my immense surprise, Shufelt’s brews tasted nearly identical to actual suds, and had I not been stone sober, I might’ve worried that my sense of taste had fallen... Read more ›
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Chatbots powered by artificial intelligence, like Google’s Gemini and OpenAI’s ChatGPT, are cool to experiment with. But it’s becoming clearer by the day just how humongously expensive this kind of AI technology is to develop. Our scoop today about Microsoft drawing up plans to spend as much as $100 billion on a data center project for OpenAI over the next several years puts things in perspective. As the story said,... Read more ›
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30.03.2026 16:55
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