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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In the spring of 2022, the irascible Wall Street short seller Marc Cohodes was in a particularly foul mood. The 62-year-old’s second marriage was on the rocks. He was recuperating from shoulder surgery after his horse rammed him. He couldn’t do much of anything besides fume and tweet about the financial markets. On April 29, 2022, Cohodes found himself seething about offshore crypto exchange FTX and its CEO, Sam Bankman-Fried,... Read more ›
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Welcome back!Los Angeles, with its close ties to the larger entertainment industry, has emerged as the center of the creator economy. For years, startups serving creators have flocked to Southern California. But this year, more money is flowing to creator startups based elsewhere.Only 14% of the creator economy startups that have raised funding this year are headquartered in Southern California. Prior to this year, 27% of the startups in The... Read more ›
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Chime found a way to offer zero-fee banking services without being a bank itself. But that approach is starting to show its limits. While Chime brought in more than $1 billion in revenue last year, according to two people familiar with the figure, Chime’s revenue growth has slowed dramatically since 2020. And behind the scenes, the startup that once fetched a $25 billion valuation has struggled to fix costly fraud... Read more ›
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Since 100% of the conversations I have on a given day turn to artificial intelligence, I can’t stop thinking about the new technology, the new business models around it and how regulators will respond. And if I am being honest with myself, the answer to most of the questions that come up in these conversations is that I simply have no idea how this will all play out. Apparently, investors... Read more ›
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A new livestreaming service called Kick has been attracting streamers with a revenue-split that lets creators keep 95% of their subscription revenue, a more generous deal than the 50% split they get from streaming site Twitch. A new report Thursday shows just how successful that perk has been. Hours watched on Kick climbed to 51.8 million in April, up from 12.8 million in January, according to a new report on... Read more ›
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Welcome back!U.S. venture capitalists seem to be gripped by patriotic fervor, with a growing faction urging their peers to back more companies that help the U.S. battle adversaries like China. That’s put other venture capital firms with large China footprints on the defensive, as I reported this week.The recent bout of nationalism has worried me, as well as some investors I’ve spoken to. For one thing, it could fuel xenophobia... Read more ›
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JPMorgan has told customers with personal credit lines at First Republic Bank that it will no longer offer those lines when they come up for renewal, according to correspondence viewed by The Information. The failed lender, which has been sold to JPMorgan, had offered personal lines of credit to its wealthy client base as a key way of attracting customers. A person familiar with the matter said JPMorgan doesn’t offer... Read more ›
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Sign up for Rosen’s newsletter, Parqor, part of The Information’s newsletter network. I doubt the shareholder lawsuit filed against former Disney CEO Bob Chapek and current Chief Financial Officer Christine McCarthy a couple weeks ago will go to trial. If Disney is guilty of fraud in how it represented the performance of its streaming properties, then there is a biblical-style legal reckoning coming for all media companies with streaming businesses.... Read more ›
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Satya Nadella didn’t want to hear it. Last December, Peter Lee, who oversees Microsoft’s sprawling research efforts, was briefing Nadella, Microsoft’s CEO, and his deputies about a series of tests Microsoft had conducted of GPT-4, the then-unreleased new artificial intelligence large-language model built by OpenAI. Lee told Nadella Microsoft’s researchers were blown away by the model’s ability to understand conversational language and generate humanlike answers, and they believed it showed... Read more ›
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The world’s top-selling electric vehicle makers, Tesla and China’s Byd, have one thing in common—they largely use inexpensive iron-based batteries in their cars. By contrast, legacy Western car manufacturers have stuck almost entirely with more costly nickel-based EV batteries. Volkswagen, Mercedes-Benz and Stellantis have said they will use iron batteries in some of their EVs, but they have declined to say when or how many.Now Ford has offered some specifics:... Read more ›
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The most important acronym in business right now is AI, but another one—GPU—isn’t far behind. Today’s earnings forecast from chip designer Nvidia, which makes graphics processing units that power ChatGPT and its ilk, shows what surging demand for the data center chip is worth. Nvidia said it expected to generate about $11 billion in revenue in the current fiscal quarter, which ends in July, up 64% from the same period... Read more ›
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Two influential shareholder advisory firms have taken an aggressive stance against Alphabet’s board of directors ahead of the company’s June 2 annual meeting, telling clients they should vote in favor of a majority of proposals submitted by shareholders to improve the company’s corporate governance—proposals the board hopes to squash. The advisory firms, Institutional Shareholder Services and Glass Lewis, also called for voting out two directors, including the chair, John Hennessy.... Read more ›
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Given that Amazon owns Twitch, you’d think that the live streaming service would have made commerce a key part of its product. That hasn’t been the case, though it’s tested features like affiliate links and even live shopping games. But Mike Minton, Twitch’s chief monetization officer, said it still has hopes for commerce—and live shopping may be a better fit. “We’re trying to balance and figure out what’s the right... Read more ›
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Crypto fans are freaking out! What else is new? Over the past week, the crypto hardware wallet maker Ledger came under fire for a product update that customers worried could jeopardize the safety of their digital assets. That prompted an apology from the company over how the change was communicated. And this is a familiar rhythm for crypto startups, which increasingly are being forced to alter—or at least jump through... Read more ›
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Several years ago, providers of open-source software had a beef with Amazon Web Services. They complained that AWS was selling cloud-based versions of their software, depriving them of hundreds of millions of dollars in annual revenue. The dispute was a public relations nightmare for AWS and risked inviting trouble from competition regulators. So the company found ways to make peace with the open-source providers—short of sharing revenue with them. More... Read more ›
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Silicon Valley venture capitalists are coming to terms with a new reality: Their once-prized China investments may be victims of a simmering cold war. As tensions between the U.S. and China have risen, some firms have sought ways to distance themselves from China’s tech scene. NEA, a VC firm whose Chinese investments date back two decades and include TikTok parent ByteDance, hasn’t made a new investment in China since 2021,... Read more ›
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It’s been refreshing to hear BuzzFeed CEO Jonah Peretti declare that the era of media riding social media is over. But it’s depressing to hear his views on what’s next.Today, BuzzFeed announced a chatbot that helps people find recipes and said it hopes to charge subscription fees for similar services in the future. It’s part of the company’s pivot to focus more on revenue and profits and build a direct... Read more ›
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At the University of Southern California, college kids aren’t just making TikTok videos for fun in their dorms: they’re teaching each other how to go viral. Reach, a social media and content creator club that started at USC, has cultivated a community of over 500 college students nationally who want to be influencers, digital marketers or work in social media. Running the show is Dylan Huey, a USC junior studying... Read more ›
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My first SXSW was 11 years ago. Arriving there in 2012 with just an idea for my first company—a secure communications platform called Lisnr—was scary, to say the least. I wasn’t on any event lists. But more than that, there wasn’t any programming aimed at encouraging Black founders, or even seemingly any desire to do so. I kept attending SXSW over the years as both my company and the offerings... Read more ›
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It’s the age-old refrain in American business: You have to spend money to make money. And it’s particularly true of the tech industry, where startups pour millions into untested new businesses and technologies. Investors usually don’t mind companies burning cash as long as they’re growing quickly—but some enterprise software companies aren’t growing fast even after burning money for many years. The Information looked at 90 of the best known publicly... Read more ›
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Most popular sources
Business Insider
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30% 3 |
Gizmodo
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15% 10 |
Android Authority
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9% 4 |
The Verge
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8% 1 |
Ars Technica
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6% 2 |
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21.11.2025 05:37
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