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Steve LeVine @ The Information · 03/11/2024 07:30 EDT

The Electric: Why Tesla Veterans Dominate the EV and Battery Industries

In 2013, Landon Mossburg, then 29, was hired by Tesla to work on its supply chain team. Tesla threw him into negotiations with the senior executives of cellphone, internet and tech companies to secure internet connectivity deals that would feed Tesla’s over-the-air software updates. Mossburg had a bachelor’s degree in business and had worked as a consultant for Accenture and KPMG. But business wasn’t really a passion for him—writing code... Read more ›

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The Information
Steve LeVine @ The Information 1 place · 03/11/2024 07:30 EDT

Why Tesla Veterans Dominate the EV and Battery Industries

In 2013, Landon Mossburg, then 29, was hired by Tesla to work on its supply chain team. Tesla threw him into negotiations with the senior executives of cellphone, internet and tech companies to secure internet connectivity deals that would feed Tesla’s over-the-air software updates. Mossburg had a bachelor’s degree in business and had worked as a consultant for Accenture and KPMG. But business wasn’t really a passion for him—writing code... Read more ›

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The Information
Abram Brown @ The Information 1 place · 03/09/2024 10:00 EDT

A Rising Star Investor's Polarizing Plan

Welcome, Weekenders! In this newsletter:The Silicon Valley rising star who angered AndreessenHow a white-collar pirate pilfered the richA million-dollar strawberry that venture capitalists cravePlus—Oscars weekend! A digital shortcut to enjoying this year’s biggest films and what the Academy should do in the years to come.A week ago, I bent the rules of time and space to revisit an experience I’d long forgotten: seeing a movie on opening weekend. Yep, like... Read more ›

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The Information
Martin Peers @ The Information 1 place · 03/08/2024 19:30 EDT

Altman Is More Powerful Than Ever; Trump’s TikTok Reversal

If you’re one of those people who was obsessed with last November’s OpenAI drama, you can wipe it from your memory. The ChatGPT creator put CEO Sam Altman back on its board late Friday, we scooped (the company later confirmed the details in this blog post). You may remember, unless you’ve already erased your memory, that Altman lost his board seat when he was fired in mid-November, triggering a dayslong... Read more ›

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The Information
Laura Mandaro @ The Information 1 place · 03/08/2024 17:01 EDT

Sam Altman to Return to OpenAI Board of Directors

In a surprise move, OpenAI CEO Sam Altman is rejoining the board of directors of the non profit that oversees the artificial intelligence developer, according to a person with knowledge of the situation. The decision to reinstate Altman to that position comes four and a half months after the board fired and rehired him in a matter of days, triggering an employee revolt that nearly collapsed the ChatGPT creator. Also... Read more ›

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The Information
Michael Roddan @ The Information · 03/08/2024 13:45 EDT

JPMorgan Sees Mixed Results From Silicon Valley Push

A few months after JPMorgan Chase bought the collapsed First Republic Bank last year, Eric Bahn decided he needed a new home for his money. The general partner and co-founder of Hustle Fund, a $130 million fund that invests in pre-seed and seed companies, had been a First Republic customer for years. He liked its capital call credit lines, which plugged the gap between when investors committed money and when... Read more ›

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The Information
Jessica E. Lessin @ The Information · 03/08/2024 13:19 EDT

A potential TikTok ban is back in the news—and this attempt feels different. Plus, Musk on the attack and more on this week's More or Less. Hope you enjoy! Apple Spotify YouTube Read more ›

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The Information
Akash Pasricha @ The Information · 03/08/2024 11:00 EDT

Pro Weekly: The Many Ways to Run a Software Company

Fresh off Sridhar Ramaswamy’s appointment as CEO of Snowflake, we published an Org Chart for the cloud database software company this week, highlighting the 41 top executives. Snowflake is the latest software company added to our Org Charts catalog. We published ServiceNow and MongoDB earlier this year, and we’ve long had Org Charts for Salesforce and Adobe, among others. I spent the week scanning these organizational structures, and one thing... Read more ›

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The Information · 03/08/2024 09:00 EDT

The Startup Investor Who Earned Andreessen’s Ire

The inner sanctum of one of Silicon Valley’s most intriguing investors  is a small, bland room in Los Altos Hills, Calif., filled on a recent morning by little more than a marble-top conference table, a whiteboard and a stack of bagged spicy chili potato chips. The home office belongs to General Catalyst CEO Hemant Taneja, and it’s partly from here that he has plotted an investment philosophy that has roiled... Read more ›

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The Information
Jessica E. Lessin @ The Information · 03/07/2024 20:03 EDT

How You Fight Back Against Elon Musk

There was a moment last summer when Elon Musk had challenged Mark Zuckerberg to a mixed martial arts fight, and I, for once, had sympathy for Meta Platforms’ public relations team. The owner of X was proposing he settle his differences with Zuckerberg by fighting him in the Roman Colosseum. It was absurd. And yet, months later, it seems to be a metaphor for where more and more companies find... Read more ›

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The Information
Abubakar Idris @ The Information · 03/07/2024 18:55 EDT

For much of the past year, most articles about fintech startups have sounded alike: A once high-valued startup struggles to live up to its lofty valuation after interest rates spike, making it difficult to fund expansive growth plans. (I wrote about one, Chipper Cash, earlier this week.) But an announcement from a U.K. neobank has offered a glimmer of hope for the trodden-down sector. This week, London-based Monzo pulled off... Read more ›

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The Information
Sahil Patel @ The Information · 03/07/2024 17:22 EDT

TikTok Engages Its 170 Million Fans to Fight Potential Ban

Here we go again! TikTok is back in the crosshairs of the U.S. government and it’s already using the most valuable marketing real estate at its disposal—its own app—to rally U.S. users to its defense. Over the last day, some people with the TikTok smartphone app received push notifications stating that it “is at risk of being shut down in the U.S.” If users clicked on the notification, it led... Read more ›

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The Information
Kaya Yurieff @ The Information · 03/07/2024 16:17 EDT

TikTok Reactivates Creator Lobby as Ban Bill Clears House Panel

A bipartisan bill to ban TikTok unless it cuts ties with its Chinese owner, ByteDance, cleared a crucial hurdle in the House of Representatives on Thursday when the House Energy Committee approved it with a unanimous vote. The vote signaled that a long-simmering threat to the app may be boiling over into concrete action. The bill’s quick progress prompted TikTok to reactivate creators to help with lobbying, as it did... Read more ›

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The Information
Kalley Huang @ The Information · 03/07/2024 10:01 EDT

Here's How Big Tech Is Tackling Deepfakes

Here’s an increasingly familiar feeling: You see an image and you can’t tell if it was made or manipulated using artificial intelligence. It’s a big problem, given the potential of fake images to influence elections, among other things. Fortunately, many of the companies whose technology makes it easy to create and spread AI-generated content now are introducing ways to identify and label that content. It may be a while before... Read more ›

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Theo Wayt @ The Information · 03/07/2024 09:00 EDT

Amazon Pumps the Brakes on Global Domination

Less than two years ago, Amazon had big plans to continue its march into the sizable areas of the world where it hadn’t yet officially opened an online store for business. In 2022, it planned to launch local versions of its store that year in at least three new European countries—Ireland, Belgium and Switzerland—according to a person who worked on Amazon’s international business. That same year, it announced plans to... Read more ›

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

Exclusive From The Electric: A Battery Startup Proposes Souped-Up CT Scans to Prevent Fires

Two Tesla veterans have formed a startup to apply X-ray technology to one of the biggest problems for the makers of electric vehicle batteries: finding defects in the batteries as they’re made—and before they cause bigger problems.  Read more ›

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The Information
Natasha Mascarenhas @ The Information 1 place · 03/06/2024 22:05 EDT

Y Combinator CEO Garry Tan Discussed OpenAI Board Role

Y Combinator CEO Garry Tan, a longtime venture capitalist, early this year talked with directors of OpenAI about joining the board that governs the artificial intelligence startup valued at more than $80 billion, according to a person who has spoken to board members. The talks were preliminary, and it’s not clear if the board is still considering Tan, whose career has intersected with that of OpenAI CEO Sam Altman. Still,... Read more ›

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The Information
Amir Efrati @ The Information · 03/06/2024 20:00 EDT

The Talent Battle Behind Musk’s Feud With OpenAI

Elon Musk seems to enjoy getting into verbal fisticuffs with other CEOs (as Bob Iger of Disney can attest). But his attacks on OpenAI and its CEO Sam Altman in a lawsuit last week may have a strategic purpose. In artificial intelligence, talent has long been a priceless commodity. And it’s a good bet Musk’s OpenAI battle has something to do with his effort to recruit or retain key employees... Read more ›

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The Information
Kaya Yurieff @ The Information · 03/06/2024 17:33 EDT

Linktree Jumps Into Social Commerce With Sephora

Linktree, the largest and best known among the dozens of startups offering link-in-bio tools—the landing pages that link creators’ social media accounts to product pages, podcasts and videos—is expanding into social commerce. The seven-year-old startup is testing an affiliate marketing program with Sephora, Revolve and Urban Outfitters. Creators will earn commissions of about 12% to 15%, although it may vary by the brand and product in the future. Linktree won't... Read more ›

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