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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Tiger Global Management’s $12.7 billion venture fund, launched near the peak of the tech stock boom in October 2021, gave the New York hedge fund firepower to back hundreds of startups in under two years. Now the mammoth fund is bearing testimony to the bruising correction in private tech valuations that followed. Tiger has told investors the fund had a paper loss of 20%, net of management fees, as of... Read more ›
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The rise of electric vehicles has spawned a small recycling industry to extract and sell nickel, cobalt and lithium from discarded EV batteries and prevent them from ending up in landfills. But recyclers and their customers have struggled with a vexing question: How much should recycled battery material cost?Metals have been widely traded for thousands of years, and prices are set on a global market. But the dark, gooey substance... Read more ›
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Be still, my beating heart. Is that the sound of the IPO market stirring? We scooped the news today that event-ticketing firm SeatGeek had filed confidentially with regulators to go public, just a few of days after blockchain firm Chia Network Inc. said it had done the same. (For more on Chia, see our Crypto Global newsletter today). A long queue of other companies was already waiting for the right... Read more ›
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Police in northern California last month arrested Igor Babuschkin, Elon Musk’s first known hire for a new company that aims to compete with artificial intelligence startup OpenAI, for domestic battery, public records show. A representative for the Santa Clara County District Attorney’s office, Lisa Buuck, said the office had reviewed the case and had no plans to charge Babuschkin with a crime. The arrest, which took place in Palo Alto,... Read more ›
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Erin Woo here, reporting from Snap’s Partner Summit in sunny Santa Monica, Calif. The big news for creators from the one-day developer conference: Snapchat is doubling down on sharing revenue from ads inserted into creators’ disappearing Stories to incentivize them to keep posting on the app. Snapchatters with at least 50,000 followers and 25 million monthly Snap views and who post at least 10 stories a month can get revenue... Read more ›
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Event ticketing company SeatGeek filed confidentially with regulators this month for an initial public offering, people familiar with the matter said, adding itself to a long list of firms aiming for IPOs once market conditions improve. Read more ›
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TikTok CEO Shou Zi Chew, thanks to his televised five-hour grilling by Congress last month and accompanying brush with viral TikTok fame, has become better known in the U.S. this year. But several other less well-known executives at the company are also playing critical roles and could gain visibility in the coming months. These include senior ByteDance executives who report to CEO Liang Rubo, as well as TikTok executives in... Read more ›
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Initial public offerings of any kind are notable these days, given that few IPOs have happened for more than a year. A crypto IPO is even more ambitious, given the regulatory crackdown on the industry. Despite all that, blockchain development company Chia Network, Inc. says it’s gearing up to go public. The company announced on Friday it had filed IPO paperwork confidentially with the U.S. Securities and Exchange Commission. But... Read more ›
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Last summer, Capsule—an online pharmacy startup that had won attention with its speedy prescription-drug deliveries and quirky practice of addressing customers in emails and over the phone as “dear”—had a crisis on its hands in New York, its most important market. Beginning in August, Capsule customers in the city began experiencing dayslong delays in the delivery of medicines that in some cases were critical to their health. The cause: A... Read more ›
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Netflix is looking more and more like an old-fashioned television company. In other words, it’s growing slowly but producing lots of cash. The video-streaming giant reported what can only be described as anemic growth in the first quarter. Revenue rose 3.7%, which is the kind of growth rate we associate with traditional TV firms like Fox Corp. or Paramount Global. Its subscriber count expanded 4.9% globally, although growth in North... Read more ›
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I’ve been an avid Twitter user since April 2019, but I have to admit, the bird app isn’t doing it for me anymore. My user experience has worsened since Elon Musk took over the company in October, thanks to features that stop working and a string of changes to its verification system. More than a dozen social media apps, old and new, are vying to take Twitter’s place. Our latest... Read more ›
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The Information is delighted to again host a virtual summer journalism school for any student interested in a career in journalism. This year’s session will be hosted virtually on June 28, 2023. During these challenging times in the industry, our aim is to help connect aspiring journalists across career stages with industry leaders to inform, inspire and help navigate the news landscape. Who should attend: Anyone beginning a career in... Read more ›
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Last year was the worst year for the stock market since 2008—and for good reason. The nearly 19% drop in the benchmark S&P 500 in 2022 capped many years of wild speculation in capital markets driven largely by the Federal Reserve’s era of free money and government handouts. Dangerously loose fiscal and monetary policies sparked a seemingly endless parade of worrisome investing trends—a spike in special purpose acquisition companies, numerous... Read more ›
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For more than a year, investors have had little appetite for Instacart’s stock, available on the private market for tech shares. Now investors who may be hunting for bargains are starting to clamor for a piece of the grocery-delivery startup ahead of an expected initial public offering. Read more ›
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After placing an early bet on OpenAI, the creator of ChatGPT, Microsoft has another secret weapon in its arsenal: its own artificial intelligence chip for powering the large-language models responsible for understanding and generating humanlike language. The software giant has been developing the chip, internally code-named Athena, since as early as 2019, according to two people with direct knowledge of the project. The chips are already available to a small... Read more ›
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Apple is now paying you to have an iPhone! That’s right. Sign up for the savings account now available through Apple Wallet, administered by Goldman Sachs, and you will get an interest rate of 4.15%, Apple announced today. That’s a very good rate—most other digital-only banks aren’t offering terms quite as generous (as for big banks, forget it—their savings rates are still in the 0.01% ballpark). Even Goldman Sachs, which... Read more ›
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I’m en route to Los Angeles today ahead of The Information’s third annual Creator Economy Summit on Thursday. This is the first time we’re hosting this event in person, and we are so excited to bring together more than 500 registered attendees, including creators, investors and entrepreneurs shaping the creator economy. (We are at full capacity, and only have a few last-minute tickets available here!)For the past several months, the... Read more ›
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OpenAI has told employees it has finalized a tender offer that allowed some staff to cash out their holdings, one person with direct knowledge of the situation said. The move caps a process that began last fall alongside talks to raise billions of dollars from Microsoft. Over the past few months, the San Francisco startup behind artificial intelligence–powered chatbot ChatGPT has negotiated the tender offer in which investors buy employee... Read more ›
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After suffering its first-ever drop in ad sales, Meta Platforms has abandoned its once-brash tone with advertisers in favor of a more flexible approach to winning business. Instead of demanding that ad agencies commit to increases in spending of 20% or more, as they typically did in past years, Meta's salespeople are signaling they’re content with spending staying level with last year, according to two senior ad agency executives. Meta... Read more ›
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Welcome back to The Electric! The U.S. has embarked on an experiment in state-led industrialization, attempting to jump-start the creation of an electric vehicle and battery industry through more than $250 billion in government largesse. This week, we look at potential lessons from the past experiences of Japan and China in doing the same thing.Biden signs the Inflation Reduction Act, reversing decades of policy and putting the U.S. in the... Read more ›
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Most popular sources
Business Insider
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30% 5 |
Gizmodo
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15% 10 |
Android Authority
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10% 4 |
The Verge
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7% 1 |
Ars Technica
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7% 3 |
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21.11.2025 10:40
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