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The Information
Abram Brown @ The Information 2 place · 05/25/2024 10:00 EDT

Welcome, Weekenders! In this newsletter: Where techies should go to vacation this summer Book recommendations galorePlus: What men and women should wear to Sun ValleyThese words were written at a cruising altitude of 34,000 feet—or at least that’s where Captain Pat said we were a few minutes ago. Like many of you, I’m using the long weekend to get out of town. Waaay out of town, actually. Like many of... Read more â€ș

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The Information
Vincent Boucher @ The Information 3 place · 05/25/2024 09:55 EDT

“A lot of times men don’t really realize what they’re capable of pulling off,” Andrew Weitz was saying over the phone. “But the game has changed these days and if they don’t keep up with fashion, they’re going to get left behind.” Weitz knows of what he speaks, being a noted men’s style consultant who dresses many top entertainment executives and tech savants in Los Angeles, New York and Northern... Read more â€ș

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The Information
Antonina Jedrzejczak @ The Information · 05/25/2024 09:45 EDT

From the U.S. Open to Art Basel, to the conclaves of Sun Valley and Cannes, the summer months are rife with networking opportunities. They’re also hot, sticky and known for air conditioning set to full blast. Throw in frequent travel and the sheer range of dress codes, and the question of what to wear can become tricky at best. The answer? “It’s all about an effortless, gentle vibe that’s not... Read more â€ș

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The Information
Akash Pasricha @ The Information · 05/24/2024 18:00 EDT

Microsoft’s Satya Nadella and Nvidia’s Jensen Huang made plenty of news this week. But what about Charles Barkley? The legendary NBA-player-turned-broadcaster’s remarks on a podcast yesterday seemed to suggest that TNT’s hit halftime and postgame show “Inside The NBA” could be nearing its end if the network’s parent company, Warner Bros. Discovery, doesn’t successfully renew its TV rights deal with the league. And last night, Bloomberg’s Lucas Shaw reported the... Read more â€ș

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The Information
Jessica E. Lessin @ The Information 2 place · 05/24/2024 12:31 EDT

So much news. So much weird. This week, on More or Less, we discussed the latest on OpenAI and ScarJo, Humane's fire sale, Slack's poor AI judgment and more. Plus, a preview of what we're all looking forward to this summer. Hope you enjoy, and have a great Memorial Day weekend! Apple Spotify YouTube Read more â€ș

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The Information
Todd Plummer @ The Information · 05/24/2024 11:00 EDT

The world has changed a lot in the last four years, and for better or for worse, that has greatly impacted our travel plans. For several summers since 2020, we found our vacations foiled—whether it was travel restrictions, the closures of our favorite hotels, or, ultimately, catching up on a never-ending backlog of weddings and other delayed social engagements. As a result, many of us were stuck at home and... Read more â€ș

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The Information
Akash Pasricha @ The Information 1 place · 05/24/2024 11:00 EDT

Pro Weekly: A Puzzle in Our Survey Results

The responses to our latest monthly survey posed a puzzle: Readers were far more optimistic than last month about the tech sector overall, but they were more pessimistic about nine of the 14 big tech companies we asked about.Let’s go through the numbers. More than 51% of the 1,756 readers who took our survey earlier this month feel conditions for technology companies generally will get better and fewer than 9%... Read more â€ș

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The Information
Cory Weinberg @ The Information 2 place · 05/24/2024 09:00 EDT

The handful of tech companies that have taken the leap into the public markets over the past nine months have been sure to show investors heavy profits (Instacart and Arm), fast growth (Rubrik, Ibotta and Klaviyo) or a clear story about how they’re benefitting from artificial intelligence (Astera Labs and Reddit). Tempus AI, a healthcare data company backed by Google and started by the wealthy founder of Groupon, largely falls... Read more â€ș

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The Information
Nick Wingfield @ The Information · 05/23/2024 20:00 EDT

Taylor Swift’s blockbuster Eras Tour united music fans, and now her fury towards Ticketmaster has resulted in an antitrust lawsuit against the ticketing giant that seems to have united people across the ideological spectrum. The U.S. Department of Justice and state and district attorneys general today filed a lawsuit against Ticketmaster and its parent company Live Nation Entertainment for operating a monopoly that they said muscles out competitors, hurts artists... Read more â€ș

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The Information
Abubakar Idris @ The Information · 05/23/2024 19:38 EDT

Consumer startups aren’t getting a lot of attention from venture capitalists these days, except if they’re powered by artificial intelligence. (More on that later.) That disinterest has made it particularly challenging for VC-backed startups wrestling with a slowdown in consumer demand after a spike during the pandemic. One path forward: business sales. That pivot has been underway at Calm.com. The San Francisco-based parent of the meditation and wellness app raised... Read more â€ș

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The Information
Kalley Huang @ The Information 2 place · 05/23/2024 18:59 EDT

Meta Platforms is considering charging users for a more advanced version of its artificial intelligence-powered assistant, called Meta AI, according to an internal post reviewed by The Information. Google, Microsoft, OpenAI and Anthropic each offer $20-per-month subscriptions to their chatbots. The subscriptions let people use those companies’ chatbots inside workplace apps such as Microsoft Word and give people priority access when usage is high, among other things. The features Meta... Read more â€ș

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The Information
Sylvia Varnham O'Regan @ The Information · 05/23/2024 17:30 EDT

On July 5, it will be one year since the launch of Threads, Instagram’s rival to Twitter.Though the app was big news when it launched—the timeline for its release was accelerated to make the most of the chaos engulfing Twitter—chatter about the app has been relatively quiet since then.That’s in part because generative artificial intelligence became the shiny new thing that consumed the tech industry over the past year. It’s... Read more â€ș

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The Information
Akash Pasricha @ The Information · 05/23/2024 13:00 EDT

Sales of electric vehicles are slowing and some automakers are rethinking their plans for EVs. But readers of The Information remain enthusiastic about EVs. Nearly two-thirds of respondents to our most recent survey said they own an EV, with Teslas by far the most popular choice. By comparison, a March Gallup survey found that 7% of Americans owned EVs. Moreover, a majority of our survey respondents who don’t own an... Read more â€ș

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The Information
Amir Efrati @ The Information 2 place · 05/23/2024 12:21 EDT

How good was Nvidia's quarterly earnings call? Let us count the ways. Everyone is buzzing about Nvidia’s revenue nearly quadrupling to $26 billion in the quarter ended in April, mostly from the sale of artificial intelligence server chips. But Nvidia immediately shared three other pieces of good news: a strong sales forecast, a 10-to-1 stock split and a bigger dividend. As if that wasn't enough, Nvidia CFO Colette Kress and... Read more â€ș

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The Information
Abram Brown @ The Information · 05/23/2024 11:00 EDT

25 Great Books for Summer 2024

During a pivotal scene of “Very Bad Company,” a new satirical novel involving a tech billionaire, a dead body and many bruised egos, a startup’s executives dine at Carbone in Miami, where they receive important news calligraphed inside folded origami animals that cost $5,000 each. I half-expected to find one waiting for me as I sat down to lunch with Emma Rosenblum, the book’s author, at Carbone in New York’s... Read more â€ș

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The Information
Amir Efrati @ The Information 3 place · 05/23/2024 10:00 EDT

Conversational artificial intelligence startups are singing the acquisition blues. As Natasha and I reported on Wednesday, Adept, which raised more than $400 million from investors at a $1 billion-plus valuation to develop artificial intelligence agents, has been exploring a buyout, including from Meta Platforms. A Meta deal is unlikely, though. The news follows Snowflake’s aborted buyout talks with Reka, a large language model developer, for a reported $1 billion-plus price... Read more â€ș

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The Information
Yueqi Yang @ The Information · 05/23/2024 09:26 EDT

Crypto exchange Coinbase is poised for a big boost as the U.S. suddenly looks more likely to approve exchange-traded funds holding ether, giving investors a way to trade the second most popular cryptocurrency as easily as a stock. At least six out of the nine investment firms that plan to issue ether ETFs have picked Coinbase as a custodian, meaning the crypto company will safeguard ether for giants including BlackRock,... Read more â€ș

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The Information
Steve LeVine @ The Information 2 place · 05/23/2024 07:30 EDT

The Electric: China’s Iron-Based Batteries Are Even Cheaper Than We Thought

On Monday, we reported that the going rate for iron-based batteries in China had plunged to an astonishing $56 per kilowatt hour, 40% below last year’s average outside the country. But we have since learned that the average price is even lower—$47/kWh, half as much as such batteries outside China, according to a survey last month by BloombergNEF, a renewable energy research firm. Read more â€ș

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The Information
Amir Efrati @ The Information · 05/22/2024 21:45 EDT

The leaders of Adept, a 2-year-old artificial intelligence startup run by former OpenAI and Google AI developers, held talks in recent months about a possible sale or strategic partnership with large tech companies, according to a person with direct knowledge of the conversations. One company Adept spoke to was Facebook owner Meta Platforms, this person said, though an acquisition is unlikely. The effort by Adept, which investors valued at more... Read more â€ș

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The Information
Cory Weinberg @ The Information · 05/22/2024 20:00 EDT

Nvidia, a $2 trillion chip giant worshipped by financial markets and Silicon Valley, has to pass an increasingly difficult test of investors’ faith every quarter. On Wednesday, it gave everyone in the church of artificial intelligence a reason to keep believing.The company’s revenue nearly quadrupled from the first quarter last year to $26 billion, powered largely by sales of its chip used for training and getting responses from large language... Read more â€ș

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