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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Over the next three years, General Motors, Toyota and other automakers plan to launch dozens of new electric vehicles, hoping to capture serious market share from industry leaders Tesla and Byd. But sales growth is slowing and unsold EVs are multiplying on dealer lots, casting doubt on the pace of the EV transition and some automakers’ chances of survival. Read more ›
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Character.AI, which lets users create artificial intelligence–powered chatbots modeled after figures like TV character Tony Soprano and Tesla CEO Elon Musk, is in talks with investors about raising an additional round of funding, according to a person with direct knowledge. The discussions come just four months after Character.AI said it had raised $150 million at a $1 billion valuation. New capital could help the 20-month-old startup support skyrocketing demand for... Read more ›
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When tech’s biggest names head home from the Allen and Co. mogul fest in Sun Valley, Idaho, this week, most will walk up the airstairs of their private jet and turn right toward their cream-colored cabin seats. But an increasing number could take a left and sit in the cockpit. Every top gun in tech, it seems, wants to become a pilot. The ranks of aspiring aviators now include Meta... Read more ›
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Hi, welcome to your Weekend.The problems that have afflicted Google over the past 12 months are not unique to the search giant or its parent company Alphabet. The entire tech industry has been in correction mode after the hyper-growth years of 2020-2021, with more than 218,000 jobs slashed thus far in 2023, according to Layoffs.fyi.But Googles travails feel different to at least one crucial group of stakeholders—its employees. Founded almost... Read more ›
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The demand for artificial intelligence chips is turning into a boom for several upstart cloud-server providers, thanks to the complicated politics of the tech industry. Consider the case of one young cloud provider, CoreWeave. The company has received a generous allotment of the latest AI server chips from Nvidia, the dominant force behind ChatGPT and other AI apps, even though supply of those chips is limited. Nvidia has been diverting... Read more ›
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Meta Platforms’ successful launch of its Twitter-like app, Threads, came together in just six months of furious work by a tiny team of engineers. But the desire within Meta’s top ranks to take on Twitter goes back years. The company’s Instagram unit even began building a text-based prototype similar to Twitter, which they referred to by a similar name, Public Threads, in 2015, according to a person with direct knowledge... Read more ›
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Ordinarily, a new joint venture backed by executives from Microsoft, Adobe, Meta Platforms, Akamai and Accenture would grab major headlines in the U.S. tech press. But when that venture is a pro cricket league, well…it’s crickets. Still, this week’s launch of Major League Cricket marks a seminal moment for American cricket fans, including Microsoft CEO Satya Nadella, Adobe CEO Shantanu Narayen and other tech investors who avidly grabbed stakes in... Read more ›
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For Google employees, the news was a devastating turn in an already disorienting year. In May, a 31-year-old senior engineer at the company, later identified by police as Kevin Rawlings, died at Google’s New York office late at night in an apparent suicide. Rawlings’ death followed that of another Google employee in New York, a 33-year-old advertising partnerships lead named Jacob Pratt, who also died by apparent suicide in February... Read more ›
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Welcome back!Since we last wrote about The Information’s Generative AI Database, we added eight companies. We now track 55 companies building generative artificial intelligence technology or services. At least 10 of these companies have at least one founder who previously worked at Alphabet, including at its AI labs, Google Brain and DeepMind. At least five companies were founded by a former Meta Platforms employee, and at least three were founded... Read more ›
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After more than a year of stalled merger and acquisition activity, the deals market is showing signs of life. Bankers, lawyers and private equity dealmakers say they’ve had more discussions about potential acquisitions in the past several weeks than in the past year. And “it’s not just kicking tires,” said Brian McPeake, co-chair of law firm Goodwin Procter’s private equity practice. Formal, banker-led corporate auctions are back after a period... Read more ›
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Good news for institutional crypto investors: The courts have your back. But as for individual traders: You’re on your own. That was the spirit of a New York district judge’s ruling on an SEC lawsuit against Ripple Labs, which alleged that the crypto firm illegally sold securities. In a split-the-crypto decision, the judge ruled that Ripple Labs' sales of its XRP cryptocurrency to institutional investors were a violation of securities... Read more ›
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OpenAI is on the prowl for a seasoned venture capitalist or two to run its startup investment fund.The San Francisco developer of ChatGPT is gearing up to soon start raising its second fund, which will be far larger than its $175 million debut, representatives of OpenAI have told several venture capital investors. They want an established investor to lead more AI startup deals. Poaching a successful venture capitalist from a... Read more ›
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A startup that rode the pandemic-era frenzy around OnlyFans is selling to a rival. Fanhouse, which operates a website where creators charge fans for exclusive content, has agreed to sell itself to Passes, a Miami-based membership service for creators and their superfans, Fanhouse CEO Khoi Le and Passes CEO Lucy Guo said in an interview with The Information. It’s not clear how much Passes, which Wednesday announced $9 million in... Read more ›
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The crypto world is celebrating after a federal judge issued a long-awaited ruling in the Securities and Exchange Commission’s case against Ripple Labs, saying some sales of Ripple’s xrp token did not constitute illegal securities sales. Shares in top U.S. crypto exchange Coinbase soared 25% after the ruling dropped, and xrp tokens are up 78% over the past 24 hours. But the ruling on Tuesday wasn’t a complete victory for... Read more ›
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The California Supreme Court recently agreed to hear a challenge from labor unions to Proposition 22, which classified gig workers as independent contractors rather than as employees. Many gig workers want to be independent contractors, but Prop 22 doesn’t honor the spirit of what this means. I run a company that works frequently with gig workers, specifically food-delivery and ride-share drivers. Many of them prefer the flexibility of being independent... Read more ›
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In some ways, Source Code Capital is China’s version of Andreessen Horowitz—it’s a relative newbie to venture investing that has surged to the top echelons of the Chinese venture capital industry and raised billions of dollars—in large part thanks to founder Cao Yi’s early bet on ByteDance. In fact, some of the shares he got from an initial investment of less than $4 million in the company—the powerhouse behind the... Read more ›
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Three years ago, Tesla CEO Elon Musk pledged to halve the cost of batteries and produce a $25,000 electric vehicle for the mass market. Much of the savings was to come from changing how the batteries’ electrodes were produced, using a dry process that would eliminate thousands of gallons of chemicals, solvent and water.Now, in a new paper, Jeff Dahn, a principal battery engineer at Tesla and physics professor emeritus... Read more ›
0
Talk about kicking the can down the road. Disney today extended CEO Bob Iger’s contract by two more years, giving him until the end of 2026 to fix the beleaguered House of Mouse. Oh, and he’ll work on a CEO succession plan, the company said, although it made the same comment when it brought Iger back to replace his short-lived successor (the other Bob—Chapek) last November. Yeah, we’ve all heard... Read more ›
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Venture capital investors face stiff competition in artificial intelligence startup deals from Google and Nvidia, which are increasingly winning stakes in the startups by offering founders price breaks on cloud computing or chips. But VC investors face competition from another quarter: corporations that are willing to pay top dollar to buy startups outright. Two recent AI acquisitions demonstrate the issue. Venture firm Menlo Ventures in May offered to invest in... Read more ›
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The parched market for initial public offerings is likely to see a new entrant soon: a canned water company. Liquid Death, the irreverent water brand backed by venture capitalists, has hired Goldman Sachs to lead a potential IPO as soon as next spring, according to a person familiar with the matter. The decision follows one of the few IPO “bake-offs”—the process by which banks vie for IPO business by pitching... Read more ›
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Most popular sources
Business Insider
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19% 13 |
Gizmodo
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17% 11 |
Android Authority
|
11% 7 |
The Verge
|
9% 1 |
Ars Technica
|
6% 3 |
| View sources » | |
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20.11.2025 23:56
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