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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We’re deep into an era-defining boom in artificial intelligence, and with so much attention falling on the money and mania generated by this fast-evolving technology, it’s worth stepping back to ask: How do people really use it? And moreover, what are the people at the epicenter of this surge using AI to do? They use it for quite a lot of different things: as on-demand tutors for their children, home... Read more ›
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New CEOs love turning to familiar faces. It’s an age-old habit that is well represented across the nearly 60 Org Charts we’ve now published for Pro subscribers.Take ServiceNow, whose Org Chart we published Wednesday. Bill McDermott joined the IT giant as CEO in 2019 after a nearly 10-year stint as SAP’s chief executive. The following year, McDermott tapped Nick Tzitzon, an SAP executive vice president, to be ServiceNow’s chief strategy... Read more ›
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TikTok has hit a snag in its efforts to bring employees back to its New York City office: bed bugs. The discovery of a bed bug in the office last December, where hundreds of employees are based, has sparked a frenzy among workers fretting about the risks of transmitting bed bugs to roommates and pets, not to mention creators and other business partners. Employees this week asked for the office... Read more ›
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When Nvidia CEO Jensen Huang told investors on Wednesday that the chipmaker’s supply of specialized semiconductors vital for artificial intelligence was “improving,” he confirmed what many AI software developers already knew: The yearlong chip crunch is easing. More than half a dozen companies that use AI chips say it’s become easier to rent Nvidia’s most advanced chip, known as the H100, from cloud providers. That’s a change from last year,... Read more ›
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Ah, how things look so fresh and clean for social media executives before they have to roll around in the mud of the public markets. Reddit dropped its IPO prospectus Thursday, laying out what we already reported: decent sales growth (21%) and narrowing losses in 2023, with still a solid cash burn ($84 million last year). It also showed Reddit’s hopes and dreams, in the form of a $193 million... Read more ›
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Former parenting vlogger Ruby Franke was sentenced this week and could face decades behind bars after pleading guilty to aggravated child abuse. Before her arrest, Franke posted videos on YouTube promoting a severe style of parenting her six children, including depriving them of food and banning her son from his room so he was forced to sleep on a bean bag for months. The case raises difficult questions about what... Read more ›
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Mentally, I’ve been in Sweden this week—though the quote that best sums up our recent reporting hails from the gritty Baltimore streets of “The Wire.”Myself and my colleagues Maria and Cory have been grappling with a strange and rare attempted board coup at Klarna, the Stockholm-based “buy now, pay later” company. Rarely are such disputes made public, and it’s certainly strange that Sequoia Capital’s chief, Roelof Botha, and the broader... Read more ›
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Board members at the struggling local networking site have been debating the company’s future, including whether to bring in a new CEO or to find a buyer, a person familiar with the matter said. Investment firm Qatalyst has approached companies about their interest, said two people familiar with the matter. The company, which went public in late 2021, has struggled with anemic growth in the past year and a steady... Read more ›
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JPMorgan Chase has called its former global chief compliance officer out of retirement to help the bank assert its rights as a major shareholder in Greek payments fintech Viva Wallet, after disagreements between the two firms culminated in dueling lawsuits. Frank Pearn, who retired as JPMorgan’s top financial and legal risk manager a year ago, joined the Viva Wallet board this week as a nonexecutive director, according to regulatory filings.... Read more ›
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People close to Klarna founder Sebastian Siemiatkowski say he keeps a very tight inner circle. One of the people he trusts the most is Michael Moritz. So when big Klarna investor Sequoia Capital sought to oust Moritz—Klarna’s chair, who was a longtime leader of the venture capital firm before leaving last year—Siemiatkowski went into defense mode. Moritz had clashed with Matthew Miller, a 12-year Sequoia veteran who had just joined... Read more ›
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There’s a lot of buzz about “AI hardware” and “gadgets.” I want to discard these terms. They’re misleading. What you call gadgets or hardware, I see as facilitators of a new era in which low-latency voice becomes the primary way users interact with smart AI: These devices are support infrastructure. This isn’t just about devices; it’s about a fundamental shift in human-computer interaction. Artificial intelligence will spur two fundamental changes... Read more ›
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Google’s artificial intelligence group is having a moment.After getting its flagship Gemini large language model off the ground and roughly on par with OpenAI, Google on Wednesday appeared to take a sudden lead in a parallel race to develop open-source LLMs, which Meta Platforms has been dominating. In the process, Google also gave a shot in the arm to a branch of AI model science that’s been bubbling for the... Read more ›
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Last year was a tough one for venture-backed logistics firms, with a drop in demand for moving goods cratering Flexport’s revenue and forcing Convoy to shutter entirely. But ShipBob, which has the backing of SoftBank and Bain Capital Ventures, may have bucked the trend. The company, which sells Amazon-like warehouse and shipping services to small online merchants, grew its revenue to roughly $500 million last year, said two people familiar... Read more ›
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In an unexpected move, David Howell, for two decades one of the most consequential behind-the-scenes players in U.S. battery development, will retire next week from the Department of Energy, where he helps to lead the multibillion-dollar U.S. challenge to China’s dominance of the battery industry. One of Howell’s most lasting legacies is conceiving, almost on a lark, the industry’s widely used measure of how much a battery needed to cost... Read more ›
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All those worrywarts can relax. Nvidia did it again. The AI chip giant reported fourth quarter revenue of $22 billion, $2 billion ahead of its projection, and 265% higher than a year earlier. Even better, Nvidia projected its first quarter revenue would be $24 billion, indicating that growing competition is not yet doing much to dent its rocketship-like growth. The first quarter revenue projection implies growth from a year earlier... Read more ›
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Cybersecurity providers are facing a moment of truth. After years of persuading companies to spend more on security software, hackers are still getting through. That’s giving some companies “cyber fatigue,” and putting them under pressure to buy less, Palo Alto Networks CEO Nikesh Arora said on Tuesday. Other industry executives echoed his comments, which helped spark a sell-off in cyber stocks on Wednesday. “Companies just don’t feel like they can... Read more ›
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Last week, we published a list of creator economy startups that could be on the market for a new owner because they haven’t raised more than a seed round of venture capital in two years and may be running low on cash. Some founders have already pulled the plug on their startups, we discovered.At least eight early-stage startups in The Information’s Creator Economy Database that haven’t raised funding since early... Read more ›
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Sequoia Capital has picked partner Andrew Reed to replace Matthew Miller on the board of ‘buy now, pay later’ company Klarna, according to people familiar with the matter. Miller had joined the board in January and recently led a failed effort to remove former Sequoia leader Michael Moritz from his position as Klarna’s board chairman. On Tuesday, Miller and Sequoia retracted their request to remove Moritz as board chair, The... Read more ›
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Former GitHub CEO Nat Friedman and his investment partner, Daniel Gross, raised eyebrows last week by writing a $100 million check to Magic, the developer of an artificial intelligence coding assistant. There are loads of coding assistants already, and the top dog among them is Microsoft’s GitHub Copilot. So what did Friedman and Gross see in Magic?The answer goes beyond the company’s claim that it will soon be able to... Read more ›
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ServiceNow is the rare technology company not to have laid off employees in the past 18 months. The software maker, whose $154 billion market capitalization outranks better-known brands such as Shopify and Snowflake, avoided layoffs by hiring prudently: Revenue has grown faster than headcount each year for at least a decade. Hiring slowed considerably in 2023, especially in human resources, finance, and other administrative functions, Chief People Officer Jacqui Canney... Read more ›
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04.04.2026 08:36
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