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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You might not have expected Klarna, the Sweden-based original “buy now, pay later” lender, to be the setting for a “Succession”-caliber soap opera—but hey, Sweden also produces lots of dramas for streaming TV. The real-life one we’re talking about centers on Sequoia Capital’s ham-handed efforts to remove its highly respected former partner, Michael Moritz, from Klarna’s board, news of which we scooped last week. Today we broke the news that... Read more ›
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Over the past few months, I've been hearing a lot more about ByteDance-owned CapCut, with many creators telling me they use the app as their main editing tool, which provides trendy templates and filters to spruce up videos. Some of this growth comes from its sister app TikTok, where users see videos made with CapCut and then get the app, making it the second most-downloaded free iPhone app in the... Read more ›
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Sequoia Capital has retracted its request to remove Michael Moritz as chairman of Klarna’s board, according to emails reviewed by The Information. Sequoia partner Matthew Miller, the director who in recent days had asked Klarna shareholders to remove Moritz, is leaving the Klarna board. Sequoia plans to appoint a new partner to the company's board in the coming days. In an email, Sequoia’s chief Roelof Botha told Klarna shareholders that... Read more ›
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Microsoft is taking another step to reduce its dependence on Nvidia. The software giant is developing a networking card to ensure that data moves quickly between its servers, as an alternative to one supplied by Nvidia, said a person with direct knowledge. In addition to potentially saving Microsoft money, the company hopes the new networking gear will improve the performance of its Nvidia chip servers. That could help OpenAI, which... Read more ›
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When OpenAI CEO Sam Altman last week posted a series of ultrarealistic and cinematic videos made by Sora, his company’s latest artificial intelligence technology, we imagined alarm bells ringing across the technology industry and, perhaps, Hollywood. Most of all, the videos should put fear in the hearts of at least seven companies in our Generative AI Database that develop AI video generators—and the investors who collectively gave them more than... Read more ›
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Last year, the second most downloaded free app in the U.S. on iPhones was CapCut, a video-editing app made by TikTok’s parent ByteDance and popular with TikTok users who use its templates and filters to create videos for the app. But CapCut—unlike TikTok itself—is directly run by ByteDance executives in China, a point confirmed by a management shake-up at ByteDance earlier this month. Some inside ByteDance have worried over the... Read more ›
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In 2021, Europe’s electric vehicle market was feverish. Seemingly every week, automakers announced new plans to spend billions developing EVs. Those EVs would require batteries, and Sweden’s Northvolt, the most ambitious of a small coterie of European battery manufacturing startups, made plans to triple the capacity of its new gigafactory near the Arctic Circle. The project would cost billions and entail immense risk—for one thing, Northvolt had not produced a... Read more ›
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Welcome to your Weekend!A couple days ago, Mark Zuckerberg had quite a lot to say about his company—and someone else’s. Specifically, he talked about how Meta Platforms’ virtual reality headset, the Quest (which starts at $499), compares to Apple’s VR headset, the Vision Pro ($3,499). “I expected Quest would be a better value for most people,” Zuckerberg said in an Instagram video. But after using a Vision Pro, he changed... Read more ›
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The anticipation that surrounded Apple’s Vision Pro, the multitrillion-dollar company’s nearly $4,000 virtual reality headset, sure made some die-hards go to substantial lengths to lay their hands on one. Tina Debove Nigro, for instance, flew from Paris to Boston via Reykjavík, Iceland, to acquire the device as soon as humanly possible two weeks ago. “It was another $1,000 for the flight and the Airbnb” in Beantown, said the 27-year-old software... Read more ›
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It’s beginning to feel a bit like early 2021. Investor enthusiasm for AI startups has surged again, after a brief respite, as we reported today. One great example from our story: Perplexity AI has received unsolicited offers valuing the firm at more than $1 billion—just a month after its last funding round valued it at half that. Meanwhile, according to Bloomberg, SoftBank CEO Masayoshi Son is looking to raise $100... Read more ›
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After a week of going full Vision Pro, the Lessins' reaction may surprise you. (It certainly surprised me.) This week's podcast covered all of that and zoomed out with some predictions about how this next tech battleground will play out. Plus, our take on the string of AI headlines this week. And the return of Pop Culture Corner! Listen here. Read more ›
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Faye Iosotaluno initially envisioned her family’s December trip to New Zealand as a holiday-time sojourn, but a week before they left, she learned they’d have another reason to celebrate. She’d gotten the top job at Tinder, after a lengthy stretch as its chief operating officer. For Iosotaluno, the role would mean a plunge deeper into tumultuous water. Tinder, the most important part of its publicly traded corporate parent, Match Group,... Read more ›
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Readers of The Information are optimistic about the tech sector: More than 62% of respondents to our most recent survey expect conditions to improve over the next six months, the highest such percentage since we began asking that question a year ago. The favorable outlook extends to most of the 14 big tech companies we ask about each month. Optimists outnumbered pessimists for eight of the 14. Sentiment improved for... Read more ›
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For a brief period at the start of this year, it looked like venture capitalists’ hunger for artificial intelligence startups was ebbing, spooked by lofty prices and increasing competition from big companies like Google. But in recent weeks, investors have shown the kind of unbridled enthusiasm that colored much of last year—and startups are looking to capitalize. Scale AI, which labels images or text to teach AI models to recognize... Read more ›
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Sequoia Capital is pushing for one of its most venerated former partners, Michael Moritz, to step down from his personal board position at the “buy now, pay later” company Klarna. Sequoia partner Matthew Miller in recent days asked shareholders at Klarna to remove Moritz from the board of directors, a person with direct knowledge of the matter said. Roelof Botha, Sequoia’s chief, also told Klarna shareholders Miller had Sequoia’s full... Read more ›
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Last November, one of the most important private technology businesses in the world—OpenAI—nearly collapsed overnight over a governance crisis. Its nonprofit board announced to the world that it had lost confidence in CEO Sam Altman’s ability to lead, and it ousted him. Most of the people who worked there threatened to quit. Altman was brought back after a tense negotiation culminating in the decision that there would be a new... Read more ›
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After Sam Altman’s sudden firing last year, I argued the chaos that followed his short-lived ouster would inject a healthy dose of caution into venture investments in artificial intelligence companies. I figured we’d finally reached the peak of the AI venture capital frenzy when a threatened employee exodus from OpenAI risked sending the value of the $86 billion AI juggernaut almost to zero. There was plenty of other proof that... Read more ›
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Earlier this week Nielsen, the TV measurement firm, reported that 123.7 million people in the U.S. watched this year’s Super Bowl. The TV broadcast, which aired on CBS, averaged 120.3 million viewers, which made it the largest audience for a single telecast in U.S. TV history. (An additional 2.3 million viewers watched the Spanish-language broadcast on Univision, and 1.2 million tuned into the kid-friendly version on Nickelodeon, which like CBS... Read more ›
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JPMorgan approached Greece’s central bank last year with concerns about “serious governance failings” at Viva Wallet, a Greek fintech company it partly owns, as well as “misconduct” of the firm’s chief executive and co-founder Haris Karonis, according to allegations filed in a U.K. court. In a lawsuit filed Wednesday, JPMorgan sued a firm controlled by Karonis and his Viva Wallet co-founder, who between them control 51.5% of Viva Wallet. It... Read more ›
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Readers of The Information are more optimistic about prospects for the technology sector than they have been at any time in the past year, according to our latest monthly survey. More than 62% of respondents to the survey said they expect conditions for technology companies to improve over the next six months, the highest proportion expecting improvement since we began the surveys in February 2023. Fewer than 11% said they... Read more ›
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04.04.2026 08:36
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