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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After a two-week auction process, Silicon Valley Bank has finally been sold to regional lender First Citizens Bank. But while the sale of the tech industry’s go-to bank was playing out, other banks moved to fill the void. Among the firms moving quickly are SVB rival Western Alliance-owned Bridge Bank and JPMorgan Chase, as well as newer institutions Mercury and Brex. “You can see the void is being filled immediately,”... Read more ›
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Welcome back to The Electric! To those of you receiving the newsletter for the first time, I hope you enjoy this dive into the world of electric vehicles and batteries. I welcome feedback, so feel free to email. For my faithful subscribers, this begins a new publication schedule. For reasons more aligned with the news cycle, we will now publish Monday and Thursday mornings.This week, we look at a fervent... Read more ›
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Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has projected that Twitter will generate... Read more ›
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In the hours after Margaret Mitchell was fired by Google over email in February 2021, she ran to the bathroom and threw up. “I was just so terrified that I was never going to get a job in tech again, that my name had been scarlet lettered,” she told me over an hourlong Zoom this week, calling from her home outside Seattle. That was not the case. In the ensuing... Read more ›
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I’m always 29 at heart,” said Liyia Wu, CEO of ShopShops, a livestream shopping app for fashion, beauty and lifestyle products. But now that she’s actually over 40, Wu is searching for her fountain of youth. She’s one of the many time-starved executives navigating the crowded beauty tech marketplace, which did an estimated $12.5 billion in sales in 2021, according to Grand View Research, and is anticipated to grow nearly... Read more ›
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Hi, welcome to your Weekend!We all have our spot: The one cafe within a 5-minute walk (or a 10-minute drive, if you work in L.A.), where you can grab a quick meeting, sidle up to an acquaintance or eavesdrop on a stranger. It’s the kind of place where you feel like you’re being productive, even when you’re really procrastinating. My favorite coffee hang in San Francisco is Noe Cafe, which... Read more ›
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TikTok and some companies that work with the popular app have shifted into damage control mode after a rancorous Congressional grilling of TikTok CEO Shou Zi Chew failed to allay lawmakers’ concerns that its Chinese parent, ByteDance, poses a national security risk. Golin, a major public relations firm that hires creators on behalf of brand clients, on Friday asked some clients to hold off on signing sponsorship deal agreements related... Read more ›
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Dealmakers who gathered in New Orleans this week are hopeful that the prolonged deals freeze will thaw this year—and that the tech sector in particular holds plenty of companies ripe for acquisition. That may be a case of optimism transcending reality. On panels and in coffee chats at the annual Tulane Corporate Law Institute conference, attorneys and bankers in mergers and acquisitions fretted about the prolonged slowdown, which they pin... Read more ›
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In early March, Ken DeLeon, founder of DeLeon Realty, a Silicon Valley–based brokerage that sold more than $1 billion in homes in 2021, called one of his venture capitalist clients to discuss the purchase of a $20 million–plus megamansion. The client was flip-flopping between a cash offer and a loan. “First Republic Bank has a 10-year loan at 4.65%,” DeLeon informed him—well below the average 6.97% interest rate for 30-year... Read more ›
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Fintechs were supposed to transform banking by making it dead simple for users to open savings accounts or pay their bills. But a series of recent high-profile setbacks with both fintechs and the traditional banking sector is setting off alarm bells. This month’s series of bank collapses has shined a spotlight on the health of small banks, typically a behind-the-scenes partner of fintechs. And a report on Thursday from short... Read more ›
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Coupa Cafe in Palo Alto. Buck’s of Woodside. The Creamery in SoMa (RIP). Silicon Valley’s coffee shops have undoubtedly seen more dealmaking than any one fancy office building or members’ club. Now a new guard of cafes, spread throughout the San Francisco Bay Area, New York and Los Angeles, is growing in popularity among venture capitalists and, by extension, startup founders and tech workers. With AI deals suddenly running hot,... Read more ›
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Welcome back! The Information 50 is our guide to promising startups, which we’ve published each year since 2020. Now we’ve brought together the 150 startups we’ve identified over the past three years, with added information about how they’ve fared since. The Information 50 Startups Database, which we published Thursday, details each company’s total fundraising and most recent valuation. As a reminder, to qualify for our annual list, a company must... Read more ›
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On Monday, David Garner rose at 5 a.m. to sign the final documents required to finish setting up an account for his startup at JPMorgan Chase, following a two-week ordeal that began with the collapse of Silicon Valley Bank. Garner’s Seattle-based startup—CalmWave, which develops software for hospital intensive care units—had moved its money out of SVB to First Republic Bank. When startups also began fleeing that bank over concerns about... Read more ›
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Well, it’s been a minute since Jack Dorsey has been in the news. But lest you think that Elon Musk—and Congress’s favorite punching bag, TikTok—get all the fun, today short seller Hindenburg Research sent Block’s stock down 15% with a report saying the payments company, formerly known as Square, had been inflating its user metrics by serving criminals with shady “Wild West compliance.”You can read the details here and watch... Read more ›
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Well, that was something. For roughly five hours on Thursday, TikTok CEO Shou Zi Chew responded to a grilling by representatives from both major political parties who bombarded him with questions and accusations related to national security, TikTok’s data practices, and its Chinese parent company ByteDance’s alleged relationship with the Chinese Communist Party. Chew largely kept his cool and often stuck to talking points about TikTok’s efforts to cordon off... Read more ›
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With bids for the entity formerly known as Silicon Valley Bank due Friday, potential buyers and regulators are running into an interesting reality: Breaking up—and salvaging—SVB is hard to do. Nearly two weeks after SVB failed, the Federal Deposit Insurance Corp. has yet to find a buyer for the so-called bridge bank that took over SVB’s operations, despite being on the third round of bidding. After initially shunning bids by... Read more ›
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What do Good Eggs, a startup that delivers $4.99 broccoli bunches, and Tonal, a fitness startup that sells $3,995 exercise equipment, have in common—other than a business model subsidized by venture capital? They’re both engaged in a painful type of financing known as a “cram down.” If you grew up in the era of easy money, ultralow interest rates and 100 times multiples, it’s possible you’ve never heard about one... Read more ›
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Shivon Zilis, director of operations at Elon Musk’s Neuralink, has stepped down from the board of OpenAI, according to a person familiar with the move and Zilis’ LinkedIn profile. Her departure follows public criticism of OpenAI from Musk, who aside from being her boss at the brain-computer interface startup Neuralink is also the father of her twins. Musk, who is widely cited as a cofounder of OpenAI but cut ties... Read more ›
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As more startups struggle to raise money from venture capitalists and approach bankruptcy, they are going to extreme lengths to stay afloat. The latest example is Good Eggs, which delivers fresh produce and other groceries. The company this month raised around $7 million from Greenwich, Conn., hedge fund Glade Brook Capital Partners at a pre-investment valuation of $15 million, said two people with knowledge of the deal. That represents a... Read more ›
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Phosphate deposits in the Western Sahara near Morocco. Photo: Peter Turnley/Corbis/GettyAs auto manufacturers increasingly choose lithium-iron-phosphate batteries to power their electric vehicles, a phosphate project under development in Canada marks another step in building a U.S.-led battery metals industry to compete with China’s.The project, launched by Vancouver, British Columbia-based First Phosphate, appears to be the first mining and cathode development in North America intended specifically for LFP Read more ›
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Most popular sources
Business Insider
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43% 13 |
Gizmodo
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10% 0 |
Engadget
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6% 3 |
The Verge
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5% 4 |
Android Authority
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4% 5 |
| View sources » | |
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21.11.2025 15:02
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