Near the corner of Sixth and Market streets in downtown San Francisco, Frontier Tower has become a 15-story haven for the wildest and weirdest thinkers in technology. Floor 11 is full of longevity and health tech enthusiasts. The crypto folks are a floor above, with a lounge full of expensive furniture. AI is on floor 9. And the big event there this weekend is down on floor 8, where a... Read more ›
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OpenAI, Anthropic and Elon Musk’s xAI have drawn attention for their unconventional governance structures, ones that prioritize public interest over obligations to shareholders. But these companies are the outliers, The Information’s analysis shows, as most AI developers opt for traditional approaches that appeal to investors. Only 4 of the 96 U.S.-incorporated startups in The Information’s Generative AI Database have adopted the structure of either a nonprofit or for-profit benefit corporation,... Read more ›
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If you ask the typical TV executive about the challenges of video streaming, they’re likely to use one word: churn. Unlike cable TV, streaming services let viewers chop and change their subscriptions at a moment’s notice, complicating the companies’ ability to build an audience and make money. Telecom giant Verizon sees an opportunity to help—and to make money. Verizon is pitching entertainment companies on its ability to help them manage... Read more ›
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Netflix has put media companies in a chokehold. The streaming giant’s $5 billion deal to assume the rights to World Wrestling Entertainment’s Raw from NBCUniversal’s USA network—and other WWE programming overseas—demonstrates its growing competitive advantage over older TV companies. USA has aired Raw since 1993—with a five-year break in the early 2000s—but, with the cable sector in decline, the channel is presumably becoming more careful about how much it spends... Read more ›
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New year, new M&A in the creator economy! VidIQ, an analytics provider for creators, is acquiring Creator Now, a Los Angeles-based online education startup for aspiring creators, The Information is first to report. Read more ›
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Microsoft is doubling down on artificial intelligence that’s smaller and cheaper to run than OpenAI’s. The maker of Windows and Office has formed a new team to develop conversational AI that requires less computing power compared to software it’s using from OpenAI, according to two people with direct knowledge of it. Microsoft has moved several top AI developers from its research group to the new GenAI team, which is part... Read more ›
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Three Google researchers who helped develop artificial intelligence that generates images and music recently left the company to launch their own AI startup called Uncharted Labs, according to two people with direct knowledge of their plans and a securities filing. It’s the latest example of top researchers who faced bureaucratic delays in launching their AI products at Google and decided to capitalize on venture investors’ enthusiasm for new companies in... Read more ›
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Brex is cutting 20% of its workforce and shaking up senior management ranks in a new effort to slash its cash burn, as the fintech firm grapples with slower revenue growth. The company told employees in an email on Tuesday that Chief Operating Officer Michael Tannenbaum and Chief Technology Officer Cosmin Nicolaescu are both giving up their positions. Tannenbaum will join Brex’s board, while Nicolaescu will become an adviser, in... Read more ›
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For years, partners at Andreessen Horowitz proclaimed they would scour the startup world for the next big consumer marketplace like Airbnb or the next hit consumer app out of China, areas in which the firm had unique expertise. Now, it’s shifting toward an area more en vogue across venture capital: consumer apps powered by artificial intelligence. Those changes are happening amid an overhaul of its consumer team. Connie Chan, a... Read more ›
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Developing large language models is expensive work: the costs of running LLMs in the cloud knocked out more than half of the revenue Anthropic generated last month, Maria Heeter and I reported yesterday. And that doesn’t include the cost to train its models in the first place.Recent technological advancements should make it cheaper to develop and run LLMs, however. It’s not clear if the new savings will be enough to... Read more ›
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One of the pandemic-era darlings of the fintech sector is stuck in a rut. Brex, which issues credit cards and manages cash for businesses, burned an average of about $17 million a month in cash in the fourth quarter, the company told staff at an all-hands meeting earlier this month. Brex has enough cash to last through March 2026, according to the data given to employees in early January, although... Read more ›
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Whenever I fly to or from San Francisco, I like to snoop on people in first class as I shuffle back to my coach seat. What gadgets are they using? What are they reading? (And, maybe, are there any confidential documents on their laptop screens? Shh.) On Sunday, as I flew back to New York from a West Coast visit, one gentleman was about halfway through “Chip War” by Chris... Read more ›
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Earlier today, we published a story about creators’ growing role in the 2024 election. President Joe Biden’s re-election campaign is hiring a director of digital partnerships to work with creators to amplify his message and reach key voting blocs, including working with local nanoinfluencers. Staffers have discussed having a creator representative in every U.S. state. As we note in the story, not all creators are comfortable throwing their support behind... Read more ›
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Politicians used to make pilgrimages to military veterans and labor union members as they hit the campaign trail. This year they’re courting creators. President Joe Biden’s reelection campaign is hiring a director of digital partnerships to work with creators to “amplify Joe Biden’s message and reach key voting blocs,” according to a job posting. Staffers have also discussed tapping a creator representative in every U.S. state this year, according to... Read more ›
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Over the past year, we’ve seen billions in funding thrown at AI startups at eye-popping valuations. More important than the absolute valuation figures, though, is how they stack up to those startups’ revenue numbers.In the chart above, we’ve tracked the valuations of eight AI startups that have recently raised funding, calculated against their projected revenue. On average, these companies raised money at a price that is 83 times their projected... Read more ›
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In the past year, artificial intelligence developer Anthropic has raised billions of dollars at a more than $15 billion valuation due to its fast revenue growth and big projections for future sales. But as Anthropic and scores of rivals mature, they’ll need to prioritize profit margins and cash flows if they want to build a sustainable business and have any hope of going public someday. New data show that profit... Read more ›
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Welcome back to The Electric!Investors and mining hands were broadsided last year by a large surplus of lithium, nickel and other battery metals and a plunge in their prices. This week, we look at a little-known reason for the unexpected hit lithium prices have taken—Chinese companies have massively overproduced iron-based cathodes.At a lithium evaporation pond in Golmud, China, a billboard promotes the production of battery metals and minerals. Photo: Qilai... Read more ›
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Hi, welcome to your Weekend.When a team of assassins killed the dissident journalist Jamal Khashoggi inside the Saudi consulate in Istanbul a little over five years ago, Silicon Valley for a moment found its vertebrae. At the time, tech investors and founders were growing increasingly intoxicated by funding from Saudi sources. But those days seemed like they might be over after western intelligence services pointed the finger at the country’s... Read more ›
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Instagram co-founder Kevin Systrom, Sequoia Capital’s Roelof Botha and ThirdLove CEO Heidi Zak were among the guests who packed a restaurant in San Francisco Friday night to celebrate The Information’s 10 year anniversary. Party goers traded in their hoodies for black ties and gowns at the gala, held at Foreign Cinema restaurant in the city’s Mission District. Guests listened to The Information’s founder and CEO Jessica Lessin stress the importance... Read more ›
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Earnings season is back! Netflix kicks off the tech sector’s round of December-quarter reports on Tuesday, followed the week after by Alphabet, Microsoft, Apple, Meta Platforms and others. This promises to be an unremarkable quarter, with big companies’ growth rates largely unchanged from the third quarter. That’s not as true for Netflix, which last fall projected its revenue would grow 10.7% year on year in the quarter. That would be... Read more ›
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Flexport is raising $260 million from e-commerce software giant Shopify, one of its biggest shareholders, according to two people with direct knowledge, giving the struggling logistics startup more breathing room after it burned through cash last year. Shopify will get notes that are convertible into Flexport equity in exchange for the money. The fundraising, which has not been previously reported, follows Shopify's sale of its money-losing logistics business to Flexport... Read more ›
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08.04.2026 12:15
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