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The Information
Jessica E. Lessin @ The Information · 03/28/2024 20:00 EDT

Ask most founders, venture capitalists and tech executives how they feel about the state of regulation—from the antitrust case the Justice Department brought against Apple to the executive order regarding artificial intelligence—and you’ll hear a familiar refrain. Most tech leaders ignore regulators because they believe these authorities are inept—too slow or too far behind. They will never catch up.What if regulators weren’t inept over the past decade but just had... Read more ›

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The Information
Kate Clark @ The Information · 03/28/2024 18:04 EDT

Fallen crypto mogul Sam Bankman-Fried was sentenced to 25 years by a federal judge after he was found guilty of seven counts of criminal fraud. Facing a possible 110 years, he got off easy; the crypto industry, however, did not. The yearslong saga tarnished crypto’s reputation among institutional investors and sparked an exodus of capital. Lately, however, investors and founders have become more hopeful regarding crypto. The price of bitcoin... Read more ›

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The Information
Sahil Patel @ The Information · 03/28/2024 17:51 EDT

YouTube’s Shorts Challenge

It’s been a year since YouTube started sharing Shorts ad revenue with creators that meet certain audience requirements, and it’s starting to pay off. Sort of.More than 25% of YouTube channels in its YouTube Partnership Program are now earning revenue on its short-form videos, YouTube said. With more than 3 million creators in that program, that means about 750,000 Shorts creators are receiving money from YouTube. A year ago, there... Read more ›

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The Information
Abubakar Idris @ The Information 3 place · 03/28/2024 14:34 EDT

Bolt’s Fanatics Partnership Goes South, Adding to Growth Woes

Bolt, the checkout startup that rocketed to an $11 billion valuation during the pandemic e-commerce boom, is embroiled in another legal battle with a high-profile retail partner: sports apparel company Fanatics, which signed a deal in 2022 to offer Bolt’s speedy payment buttons across several of its e-commerce sites. Fanatics filed a lawsuit in California court earlier this month claiming that Bolt improperly reneged on its contract. In the complaint,... Read more ›

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The Information
Stephanie Palazzolo @ The Information · 03/28/2024 10:00 EDT

Why Two Models Are Better Than One

You may have heard of the saying, “two heads are better than one.” The same could be said about large language models.Yes, developers have figured out that model performance can be improved by combining a couple of LLMs. The concept behind "model merging" is surprisingly intuitive. Developers combine the weights (or the “settings” that determine how a model responds to queries) of two or more models trained for different purposes... Read more ›

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The Information
Michael Roddan @ The Information 3 place · 03/28/2024 09:00 EDT

Inside Mercury’s Stumble From Fintech Hero to Target of the Feds

The meeting last July between officials from the Federal Deposit Insurance Corp. and executives from Choice Financial Group was tense. For most of the two-and-a-half hour session, the FDIC officials delivered the results of the agency’s recent examination of Choice, a once sleepy bank based in Fargo, N.D., for possible violations of anti–money-laundering and counterterrorism financing regulations, according to records of the meeting. Their findings weren’t pretty. The FDIC was... Read more ›

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The Information
Steve LeVine @ The Information · 03/28/2024 07:30 EDT

The Electric: The First Commercial Silicon-Dominant Battery Powers This Motorcycle

California-based Lightning Motorcycle has released a new electric bike that it says accelerates from zero to 60 mph in two seconds, delivers 335 miles of range, and adds about 200 miles of charge in 12 minutes. The secret behind Lightning’s LS-218 is the first commercial electric vehicle battery anode dominated by silicon, a material that enables much faster charging and greater driving range than conventional graphite anodes. Read more ›

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The Information
Martin Peers @ The Information · 03/27/2024 20:00 EDT

You could hear a pin drop in the tech world today, things were so quiet. (Are techies off painting Easter eggs?) We’re so starved for news that we appreciated Amazon’s decision to “update” everyone on the status of its commitment to invest up to $4 billion in artificial intelligence startup Anthropic. The update was…Amazon has completed the full investment. After putting in an initial $1.25 billion last September, it has... Read more ›

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The Information
Kaya Yurieff @ The Information · 03/27/2024 16:40 EDT

How Creators Make Money Is Changing

In 2021, we reported on a survey that measured creators’ top sources of revenue. At that time, sponsorships with advertisers took the top spot by far. Some 77% of creators said it was their single highest source of income. Three years later, other revenue sources are starting to gain more ground. For instance, affiliate marketing, where creators earn commissions on product recommendations, is now the third highest income driver, growing... Read more ›

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The Information
Laura Mandaro @ The Information · 03/27/2024 13:48 EDT

The market for initial public offerings is crawling out of a two-year slumber, invigorated by the debuts of Reddit and Astera Labs. But most startups valued at $1 billion or higher won’t go public soon, predicts Accel partner Rich Wong. Of the 1,200-plus private startups that now have this valuation, he estimated far fewer than 20% will end up going public in the next few years. Many of the rest... Read more ›

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The Information
Tom Biegala @ The Information · 03/27/2024 12:00 EDT

There has been a lot of buzz recently around technology startups developing products for the defense industry. In the past few years, companies such as Palantir, Anduril and SpaceX have achieved strong valuations from public and private investors. In addition, geopolitical instability in Eastern Europe, the Middle East and East Asia has led to a greater demand for defense tech. But success for a defense tech company typically hinges on... Read more ›

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The Information
Amir Efrati @ The Information · 03/27/2024 10:05 EDT

Perhaps no executive in the artificial intelligence field has gone to greater lengths to knock down generative AI hype quite like Databricks CEO Ali Ghodsi. A year ago, that looked like sour grapes as OpenAI’s quick progress made many people think that software tools like those Databricks sells to companies to manage data and utilize AI would soon be obsolete.It hasn’t turned out that way, and Ghodsi has been proven... Read more ›

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The Information
Cory Weinberg @ The Information · 03/27/2024 09:00 EDT

Software startup Canva, which has grown to a $26 billion valuation with a message that it is “democratizing design” for people without professional training, is increasingly pinning its fortunes on selling its suite of editing tools to the biggest companies in the world. The privately held Australian company told prospective investors late last year that its nascent corporate sales business would grow roughly 60% this year, to about $650 million... Read more ›

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The Information
Cory Weinberg @ The Information · 03/26/2024 20:00 EDT

IPOs Still Face a High Bar, Despite Upbeat Debuts

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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The Information
Kaya Yurieff @ The Information · 03/26/2024 17:00 EDT

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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The Information
Natasha Mascarenhas @ The Information · 03/26/2024 13:24 EDT

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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The Information
Kalley Huang @ The Information · 03/26/2024 10:00 EDT

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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The Information
Wayne Ma @ The Information 1 place · 03/26/2024 09:00 EDT

Apple’s Vision Pro Gets Boost From China’s Media Kingmaker

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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The Information
Martin Peers @ The Information 3 place · 03/25/2024 20:00 EDT

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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The Information
Erin Woo @ The Information · 03/25/2024 16:44 EDT

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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