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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Startup CEOs are feeling practically poetic after watching Reddit and Astera Labs trade up following their public debuts in recent days. It feels like “the sun peeking through the clouds after a long period of rain,” one CEO who has been eyeing a public listing texted me. Bankers and venture capitalists, of course, are writing love sonnets to bring on the next class of IPOs.Tech companies wanting to go public... Read more ›
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I can’t believe we are just one week away from our fourth annual Creator Economy Summit in Los Angeles!This is the second time we’re hosting this event in person, and we are so excited to bring together more than 300 people, including creators, entrepreneurs, tech executives and investors shaping the sector. (There’s still time to buy a ticket here!)For the past few months, we’ve been planning a jam-packed day of... Read more ›
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Venture capital firms are in flux. Seasoned investors are attempting to hand control to a younger generation of partners. Firms are restructuring as they seek the best investors to win competitive artificial intelligence deals. All this upheaval spells opportunity for a rising group of ambitious dealmakers. The Information’s VC reporters spoke to dozens of sources to find the individuals on track to become VC firms’ next general partners. These investors... Read more ›
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In January, Meta Platforms CEO Mark Zuckerberg posted a video touting the 350,000 Nvidia H100 graphics processing units he said the company would have by the end of the year. While the post signaled Meta’s advantage in computing capacity, several current and former employees interpreted it simply as a way to improve Meta’s ability to recruit in the intensely competitive AI world.Zuckerberg is doing more to recruit artificial intelligence researchers... Read more ›
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When Apple launched the Vision Pro headset, it leaned heavily on its own streaming app, as well as those of Disney and others, to market the headset’s most compelling feature: an immersive video experience. Now Tencent, China’s largest social media, streaming and gaming company, has agreed to make some of its most important apps available on the device, according to a person with direct knowledge of the decision. Without Tencent’s... Read more ›
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Here’s a new one in the annals of shareholder politicking. Activist investor Nelson Peltz, whose campaign for seats on Disney’s board has drawn an aggressive response from the company lately, declared on Monday that he is a supporter of CEO Bob Iger. Yes, after he has for weeks been assailing Disney’s poor performance, Peltz put out a statement saying his beef isn’t with Iger but with the Disney board. Riiiiight,... Read more ›
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When then-President Donald Trump tried to ban Chinese-owned app WeChat in 2020, hundreds of WeChat users banded together to sue. They argued that WeChat was a vital communications tool for many elderly Chinese Americans. The tactic worked and the court blocked the ban. Now TikTok, which is facing a potential ban in a bill now before the Senate, is hoping to repeat WeChat’s feat. Its prospects look good, say lawyers.... Read more ›
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Many of the big investors weighing Reddit’s initial public offering weren’t convinced by the company’s pitch in the weeks leading up to the listing, fretting about the firm’s lack of profits or uncertainty around big licensing deals for its data. But the doubts dissipated for many by the time Reddit’s bankers closed the deal, which valued the company richly compared to some competitors. Reddit’s strong performance—as of Monday afternoon, its... Read more ›
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As time goes on and some buyers of generative AI grow disillusioned with the meager returns they’ve seen, many are experimenting with new ways to eke better performance out of large language models without paying up for the latest, state-of-the-art LLM.One way to do this is through a technique called retrieval augmented generation, which aims to reduce the AI’s tendency to hallucinate or give incorrect answers by giving it access... Read more ›
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To better compete for artificial intelligence researchers, Meta Platforms is making unconventional moves, including extending job offers to candidates without interviewing them and relaxing a longstanding practice of not increasing compensation for employees threatening to leave. In a sign of how seriously the social media company is taking the competition for AI talent, CEO Mark Zuckerberg has personally written to researchers at Google’s DeepMind unit to recruit them, according to... Read more ›
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In March 2023, Musk and his 16 top executives on Tesla Investor Day. Photo: Via YouTubeFor months after Elon Musk’s 2022 acquisition of Twitter, investors voiced increasing concerns about his capacity to juggle the leadership of both the social media platform and Tesla, the electric vehicle manufacturer where he is CEO. So in March 2023, Musk organized a live demonstration of why he could effectively run both companies: At Tesla’s... Read more ›
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HeyGen, a three-year-old startup that uses artificial intelligence to generate avatars and voices for videos, is raising $60 million at a pre-investment valuation of $440 million, six times higher than the startup’s valuation four months ago, according to a person with direct knowledge of the round. Benchmark, the early-stage venture capital firm that bet early on Snap and Uber, is leading the round, which has not yet closed, the person... Read more ›
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Welcome, Weekenders! In this newsletter:Inside Jeff Bezos’ plan for Blue Origin to rocket past Elon Musk’s SpaceXThey counsel Zuckerberg and advise Sam Altman: our picks of the top lawyers for startupsPlus: “3 Body Problem”; a startup’s glowing Frankenplant; and an unshakable source of American anxietyOver the last few days, I’ve spent much of my time thinking about Jeff Bezos and his ambition to transform life on Earth by extending life... Read more ›
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Anyone who was thinking of taking their company public this year must be feeling more upbeat today. Shares of Reddit, the newest social media firm to go public, finished the week up 35% from the company’s IPO price, having lost only a bit of Thursday’s opening-day pop on Friday. Meanwhile, shares of Astera Labs, an artificial intelligence data center that went public a day before Reddit, are now up 94%... Read more ›
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Nvidia isn’t the only beneficiary of the unprecedented boom in artificial intelligence chips. One of its key suppliers, memory chip maker Micron, is sold out for this year and into 2025. Yet a senior executive acknowledged that even Micron doesn’t know how long the frenzy will last, given the high costs businesses face in using the latest AI. “We’re all wondering, how much of this is going to be sustained?... Read more ›
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Find the right lawyer and they can fill many roles: advisor, defender—let’s be real—therapist. In recent decades, the white-shoe law firms that once mostly catered to—and chased—blue-chip industrial companies, conglomerates and banks have set up practices targeting startups, and as Silicon Valley has boomed, plenty of tech-focused specialist firms have popped up in the San Francisco Bay Area and elsewhere. Many have long track records of representing companies from seed... Read more ›
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Cameo authorized a $28 million round of funding last week that will drastically reduce its valuation, the company told shareholders, reflecting a big slowdown in the celebrity video shoutout app’s business. The funding, led by existing investor Valor Equity Partners, would value the company at less than $100 million, measured after the investment, an investor said. That would represent at least a 90% drop from its previous value. Its $1... Read more ›
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There are weeks when it is really fun to be a reporter! And then even more fun to discuss what is happening with your friends! This was one of those. Lots of AI news, a Reddit IPO and more. I hope you enjoy! Apple Spotify YouTube Read more ›
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At some point during the second half of this year, Jeff Bezos, Amazon’s founder, will stuff his feet into a pair of cowboy boots and, if everything goes as planned, watch as a rocket made by his space startup, Blue Origin, blasts off from Cape Canaveral Space Force Station in Florida. The boots are a good luck charm that Bezos wears whenever Blue Origin launches a rocket. For the launch... Read more ›
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Yesterday, we published the results of our March subscriber survey, in which more than half of the 742 respondents said they had bought goods or services through social media. Another result that interested me: 53% of respondents said a creator had inspired them to buy something, regardless of whether they bought it on social media or not.Jasmine Enberg, a principal social media analyst at market researcher eMarketer, said creators may... Read more ›
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30.03.2026 18:56
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