Andy Rubin, creator of Android and a former Google executive, has launched a new startup focused on humanoid robots, said a person with direct knowledge of the venture. His venture is the latest addition to the red-hot and frothy humanoid space, crowded with companies ranging from Tesla to startups such as Figure AI. Rubin’s startup, Genki Robotics, is based in Tokyo, where he is currently living, according to the person.... Read more ›
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We are pleased to announce three new hires that will deepen our coverage of venture capital and startups, The Weekend’s feature stories, and artificial intelligence. Natasha Mascarenhas joined our venture capital and startups team in San Francisco, where she breaks news and delivers features on the most influential Silicon Valley investors and funding trends. Natasha took on the beat at a time when venture capital is in flux: After three... Read more ›
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Apple is facing challenges assembling its two upcoming new iPhone models, the iPhone 15 Pro and Pro Max, which could lead to a shortage of units at launch in September, according to two people with direct knowledge of the issue. Apple’s suppliers are using a new manufacturing process for the two models, the most expensive of the upcoming series of iPhones, that will allow it to dramatically narrow the width... Read more ›
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Threads, Meta Platforms’ competitor to Twitter, attracted 100 million sign-ups within five days of its launch earlier this month—including many readers of The Information. A narrow majority of respondents to The Information’s most recent survey said they had used Threads. Most seemed pleased. Roughly 80% of Threads users rated it at 3 or higher on a scale of 1 to 5, with 5 the best. Read more ›
0
Sequoia Capital’s Chinese affiliate, which is preparing to split from the Silicon Valley venture firm, is in talks to raise around 20 billion yuan ($2.8 billion) for a new Chinese currency fund from domestic backers including the government of the city of Hangzhou, according to a person with direct knowledge of the matter. Hangzhou’s local government revealed the registration of the latest Sequoia China yuan fund last year, but its... Read more ›
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A former executive of battery cell maker Enovix has launched a startup to develop low-cost sodium-ion batteries, a new segment of the industry that does not use increasingly scarce lithium. The startup is among the first using the chemistry outside China, the world’s biggest producer of lithium-ion batteries, which has quickly taken a large lead in sodium-ion development.Spencer Gore, who until earlier this month was Enovix’s head of electric vehicle... Read more ›
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The bulls are back in Netflix stock, even if the growth isn’t. Netflix on Wednesday reported just 2.7% higher revenue in the second quarter, below what it had projected, confirming that it’s now firmly in the class of slow-growing TV companies. Even excluding the impact of foreign exchange fluctuations, revenue grew just 6%—nothing to write home about. It’s a little hard to square that performance with a rally in Netflix... Read more ›
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Even after funding for creator economy startups collapsed, some companies have been able to raise new capital, we reported last month. The latest is Karat. The startup, which offers business credit cards and financial services for creators, on Wednesday announced $70 million in Series B funding, including $30 million in debt financing from TriplePoint Capital and a $40 million equity round led by SignalFire. Other investors included popular creators such... Read more ›
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Around 1.5 million people in the U.S. have signed up to pay for Netflix’s tier of service that carries ads, the streaming service has told advertisers in the past two weeks, according to industry executives. That’s a tiny fraction of both Netflix’s total U.S. subscribers and the roughly 30 million subscribers who pay for Hulu’s ad-supported tier, demonstrating that Netflix isn’t yet a force in advertising. Hulu’s ad-supported tier is... Read more ›
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Happy Wednesday!Coinbase investors might be getting ahead of themselves. Coinbase shares, which have been on a tear lately, are now trading at a valuation not seen since fall 2021. Coinbase is currently trading at 8.3 times its next 12 months expected revenue (all data courtesy of Koyfin). The last time it consistently traded at that rich a multiple was November 2021—the same month bitcoin hit its all-time peak. But that... Read more ›
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Sequoia Capital has shaken up its senior ranks, the latest indication of how its leader, Roelof Botha, is reshaping the storied venture capital firm during a period of tumult. The firm on Wednesday told its limited partners that longtime partner Michael Moritz would leave the firm and focus on the firm’s independent wealth management business, Sequoia Heritage, a spokesperson confirmed. Meanwhile Mike Vernal, a partner who focuses on early-stage startups... Read more ›
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Earlier this month, OpenAI announced a new “superalignment team” with a goal to “solve the core technical challenges of superintelligence alignment in four years.” Ilya Sutskever, OpenAI’s co-founder and chief scientist, will make this research his core focus, and the company said it would dedicate 20% of its compute resources to its superalignment team. What exactly does “superalignment” or “superintelligence alignment” mean? It means preventing superintelligent computers that can match... Read more ›
2
In March 2020, as the Covid-19 pandemic began to transform the world, the company then known as Facebook struck a deal to buy all the augmented reality displays made by British firm Plessey. At the time, the deal appeared to be a savvy way of squeezing out Apple in the competition to develop AR glasses, as Plessey was one of the few makers of AR displays. Three years on, however,... Read more ›
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If there is anything venture capitalists love more than making money, it’s opining on the best and worst ways to make money. And so the debate over how to make money (or not) investing in artificial intelligence is raging throughout Silicon Valley. There are the believers who are banking on AI to mint the next supercycle of venture profits. And then there are the skeptics who believe the technology will... Read more ›
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Before we get into today’s column, some breaking news: Cameo, the video shout-out app that once employed nearly 400 workers, enacted at least its third round of job cuts Tuesday, my colleague Natasha and I reported. The company told laid off employees it was a financial decision. Cameo got popular in 2020 as a creator platform that seemed to bridge traditional entertainment and rising consumer interest in online influencers: it... Read more ›
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Cameo, the video shoutout app that gained in popularity during the pandemic shutdowns, told employees on Tuesday that it was laying off at least 80 workers because of financial pressures, according to two former employees involved in the layoffs. The cuts leave fewer than 50 people at the startup, according to the employees, or down nearly 90% from its peak headcount last year. In an all hands meeting Tuesday, company... Read more ›
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Nvidia is known for its stranglehold over the market for the data center chips that power ChatGPT and other artificial intelligence software. But in a matter of a few months, Nvidia has also become one of the biggest venture capital investors in an important class of customers who need its chips: cloud and AI software startups. In the latest example, Nvidia is nearing a deal to take an equity stake... Read more ›
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Elon Musk’s tweet early Saturday morning that Twitter is “still cash flow negative”—as in spending more than it is taking in—was, by Musk standards, a bit of a yawn. We’ve heard so much about Twitter’s precarious financial position over the past few months—as Musk acknowledged in the tweet, it’s due to both a roughly 50% drop in ad revenue and a “heavy debt load”—that his comment barely constituted news. But... Read more ›
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On Friday, my colleague Sylvia and I published a behind-the-scenes report on how Instagram, after mulling a Twitter-type rival years ago, quickly moved to launch its text-based app Threads after Elon Musk took over Twitter. What struck me from our reporting is how much Instagram focused on creators from the start—even more so, according to some creator managers, than when Instagram launched TikTok rival Reels in 2020. “This time around,... Read more ›
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Elon Musk’s Space Exploration Technologies, the most highly valued private tech company in the U.S., has told some investors it expects to bring in about $8 billion in revenue in 2023, roughly doubling its revenue from the previous year, according to people familiar with the discussions. The expectation for rapid growth helps explain the fervor of some investors for SpaceX shares, which have defied recently depressed private tech valuations. The... Read more ›
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Over the past decade, Amazon has built an army of several hundred economists with doctorates who inform executives’ decisions in e-commerce, cloud computing and other businesses—an approach other tech giants have copied. The architect of that buildout, Chief Economist Pat Bajari, quietly left in March, he confirmed to The Information. To replace him, the company has tapped Chris Nosko, who most recently worked as chief of Uber’s science and analytics... Read more ›
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Most popular sources
Business Insider
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19% 14 |
Gizmodo
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17% 11 |
Android Authority
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11% 7 |
The Verge
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9% 1 |
Ars Technica
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6% 3 |
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20.11.2025 23:19
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