High-end pet food startup The Farmer’s Dog is working with JPMorgan and other investment banks to raise hundreds of millions of dollars by early next year, in a deal that could value it significantly higher than its last $2.5 billion valuation, people familiar with the matter said. The fundraising could help the company buck the trend of collapsing direct-to-consumer valuations over the past two years. The Farmer’s Dog, which delivers... Read more ›
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Andreessen Horowitz, one of the most prolific investors during the pandemic-era funding boom, recently held an event for limited partners in Las Vegas, where it presented its ideas on investing in various industry sectors, according to a person familiar with the talks. The investment firm could soon ask its backers to commit to those sector bets more deeply. It has been planning to raise money for at least three industry-specific... Read more ›
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This past year has been a blur of nine-figure funding rounds and billion-dollar-plus valuations for artificial intelligence startups that investors hope can be the next OpenAI or Midjourney. I can’t tell you how many times investors have justified the money they’ve put into a brand new startup by saying things like: “Well, he was one of the lead authors on the Llama paper!” or “Well, she was a star AI... Read more ›
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The venture capital gravy train for artificial intelligence startups may be slowing down. Some young startups have struggled to close rounds investors would have jumped to win a year ago. Take Liquid AI, which is developing a new kind of AI model that can learn while in use, not just during its training, a method that differs from the way OpenAI’s models work. In July, CEO Ramin Hasani spoke with... Read more ›
0
OpenView Ventures’ sudden decision last week to lay off most of its staff and halt investments in new startups left one major question unanswered: what to do with the $570 million that endowments and other institutions recently committed to its latest fund. Earlier Monday, the firm’s senior partners held all-day meetings to review their investment portfolio and discuss dueling proposals: In one scenario, partners would ask the fund’s backers to... Read more ›
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Quick quiz: Which C-suite position has the least job security? This year, at least, the answer would have to be chief financial officer, arguably the No. 2 executive at most big public companies. In tech and media in 2023, we’ve seen CFO departures (or CFOs taking a different position internally) at Alphabet, Uber, Tesla, Disney, Stripe, Airbnb, Digital Currency Group, Pinterest, Rent the Runway, Allbirds, BuzzFeed, Everlane and, on Thursday,... Read more ›
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The past few years have brought an explosion of creator economy startups that tended to focus on one niche offering, say tax help or online courses. As many struggle with a drop in venture funding, some boot-strapped companies have been expanding. Whalar, best known for influencer marketing and managing creators, has quietly launched several new divisions over the last few years. These include a studio to help creators sell their... Read more ›
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Startups have gone to extreme measures this year to get a hold of graphics processing units, the rare chips needed to train and run AI models. They’ve tried everything from raising capital from cloud providers like Microsoft, Google and Amazon to building bots that scour hyperscalers’ websites in search of open servers.One AI founder, though, doesn’t think the GPU shortage is as bad as everyone has made it out to... Read more ›
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Last week, Elon Musk’s X began giving subscribers to its premium, advertising-free version access to a new feature: Grok, a sassy artificial intelligence chatbot created by xAI, a separate AI startup that Musk founded. To some, it wasn’t clear why mashing together the chatbot with the service formerly known as Twitter—or for that matter with Tesla products, as xAI has hinted—made sense. “I don’t see what Grok is solving,” said... Read more ›
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In a May 2022 note titled, “The End of the Beginning,” Goldman Sachs analyst Nicholas Snowdon said high lithium prices had ignited a surge of new production in Australia, Chile and China, creating a coming flood of supplies that would knock the metal’s price into a sharp decline. From $65 a kilogram at the time, he predicted lithium would fall to an average of $16 a kilo in 2023. Industry... Read more ›
0
Mujeeb Ijaz, who stepped down as CEO of Our Next Energy. Photo: Courtesy ONE.The surprising demotion Sunday of the CEO of next-generation battery developer Our Next Energy was triggered by the withdrawal of a $100 million investment by a U.K. firm, according to people familiar with the situation. Read more ›
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Hi, welcome to your Weekend: 10th Anniversary Edition!Ten years isn't a lot in geologic or California redwood time—but it's an eternity in media time. Just ask some of the news startups that went bankrupt over the last decade. So what secrets have we at The Information gathered in our first ten years of bringing business news to the business class?  Our founder and CEO Jessica lays out some of the... Read more ›
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It was the best of times (for big tech), it was the worst of times (for WeWork investors), it was the strangest of times (for Elon Musk). The past 10 years has witnessed so much, and The Information has covered it all—from good deals to bad bets to ugly blowups on social media. In honor of our 10th anniversary, we present the 10X Awards: Our subjectively chosen rankings of the... Read more ›
0
You knew it was just a matter of time. Regulators in the U.K. and U.S. are looking into the antitrust implications of Microsoft’s partnership with OpenAI, according to the U.K. regulator and Bloomberg. Yes, that’s right. A partnership that poses a serious competitive threat to Google—whose dominance of internet search and advertising is the subject of several antitrust lawsuits—is itself potentially a problem for antitrust regulators. You’d think the bureaucrats... Read more ›
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Andreessen Horowitz-backed D2iQ, a cloud infrastructure startup formerly known as Mesosphere once popular with software developers, is shutting down. It is the latest in a string of firms to evaporate this year after raising significant venture capital. D2iQ on Thursday sent notices to shareholders that it was being wound down and would distribute assets to creditors. The company had about 150 employees earlier this year, a former employee said, and... Read more ›
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I could tell something had happened when I saw the river of notifications on my phone—WhatsApp messages, Slack messages, tweets and texts. “Can’t wait for The Information’s read on this one.” Gulp. Sam Altman had been fired as CEO of OpenAI. I spent the next two weeks with The Information team uncovering everything about what had happened. In the end, we produced 27 exclusive news stories about Altman’s dismissal and... Read more ›
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One of the things I enjoy most about recording More or Less every week is learning to use all the new tech creators have at their fingertips. To that end, Dave found a new feature that used AI to compile the show note summaries for this episode. I think they are pretty great. That's the beauty of AI: making little things easier. As for whether AI will change the big... Read more ›
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My colleague Cory this week previewed potential 2024 initial public offerings, highlighting the fact that many of the candidates are more than a decade old. Cory also helped us update The Information’s Tech IPO Tracker, where we’ve revised our assessments of which companies will—and won’t—make it to the public markets anytime soon.The tracker suggests at least 12 tech companies could go public as early as next year, including car-sharing marketplace... Read more ›
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U.S. lawmakers have Shein in their crosshairs as the China-founded fast-fashion retailer gears up for what could be an enormously valuable initial public offering. But another potential roadblock to Shein’s hopes for a U.S. listing may lie elsewhere—in China. For months, Shein has been discussing with the Chinese government whether it needs to register with the country’s securities regulator before it files for a U.S. public listing, according to two... Read more ›
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Electric vehicle manufacturer Rivian this week laid off about 20 members of its long-range battery cell development team including Victor Prajapati, the company’s lead cell engineer and a former senior manager at Tesla, according to people familiar with the matter. It is the latest in a surge of battery and electric vehicle industry cutbacks as EV sales—though reaching record levels this year—have failed to match expectations. Read more ›
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01.04.2026 03:58
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