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 ›
69
We all know how it began. It started on March 9, when the run on Silicon Valley Bank made the innovation economy totter and threatened a global financial crisis. It continued on March 10, when SVB failed and it became clear that anyone who hadn’t gotten their money out yet was stuck, facing payroll in just five days with no clear way to meet it. I cannot recall how many... Read more ›
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Hi, welcome to your Weekend!Deep breath, everyone. The last 10 days have been a doozy. First came the Great Regional Bank Panic of 2023, which essentially wiped out the previous weekend for anyone operating in the startup ecosystem. In the cover story below, our team recorded the stories of two dozen tech leaders, including Rippling CEO Parker Conrad, who not only spent the week raising $500 million for his own... Read more ›
6
No matter what happens in Washington, TikTok needs to keep advertisers spending money on the app. The latest threat of a ban, made recently by a U.S. interagency committee, has prompted marketers to consider their alternatives, ad executives say. TikTok has been taking steps to reassure the ad industry, including convening a closed-door meeting with advertisers in New York last month where executives, including data security manager Andy Bonillo, explained... Read more ›
6
On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief. The worst of the crisis had seemingly... Read more ›
8
Not even a banking crisis could chill the fever sweeping San Francisco. Last Wednesday, as the tech industry recoiled from the collapse of Silicon Valley Bank, a party was scheduled at the offices of Maverick Ventures in an old army hospital in the Presidio. The venture capital firm’s partners were hosting the latest LangChain meet-up, a roving gathering for people working on artificial intelligence projects. Given the bleak financial news... Read more ›
23
Andreessen Horowitz plays an outsize role in the startup ecosystem. But its influence among startups catering to creators is even greater. The firm has been a lead investor in at least one funding round for 23 companies in The Information’s Creator Economy Database. No other firm comes close: The next most common backers of creator startups are Tiger Global Management and Seven Seven Six, with nine each. In part, that... Read more ›
0
After a series of crypto collapses over the past year, Binance has cemented its position as the industry’s powerhouse. But the world’s biggest crypto exchange by volume had been under mounting scrutiny from regulators even before the implosion of its top rival, FTX. Media reports over the past year have also revealed closer-than-disclosed ties between Binance and Binance.US, two firms that profess to be separate entities even though Changpeng Zhao,... Read more ›
0
The year was 2008 or so and Silicon Valley was in full swing. As an internet reporter—this is back when most of the internet companies were under one beat—it was my job to cover announcements out of Google, Yahoo, Facebook and the other rising tech giants. And I was pretty busy. Facebook was expanding to new geographies, and Google responded to the social networking upstart by previewing its own Facebook... Read more ›
2
Venture capitalists just gave a master class in how not to handle a crisis. My sympathy goes out to the founders. They’ve been bombarded with conflicting advice for days, from all-caps emails written by panicked “seasoned” venture investors urging them to pull their funds out of Silicon Valley Bank, to emergency Zoom calls asking them to stand by and support the collapsed institution. Venture capitalists are supposed to help founders,... Read more ›
6
The threat of a TikTok ban is once again a real possibility, after U.S. officials said the ByteDance-owned app needed to rid itself of its Chinese ownership. Creators, having been through this rigmarole three years ago, are more prepared this time.In August 2020—when a U.S. ban felt imminent under former President Donald Trump—many of them encouraged their fans to follow them on other platforms including YouTube and Instagram. Even though... Read more ›
0
The Chinese government is likely to oppose any attempt by the Biden administration to force TikTok’s Chinese shareholders to sell their stakes in the hugely popular app, said China-based lawyers and investors, setting the stage for a protracted standoff between Beijing and Washington over the future of TikTok. “Why would China agree? Would you agree if you were in charge in Beijing?” said one Chinese tech founder, who added that... Read more ›
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Two years ago, when Stripe raised money at a valuation of $95 billion, the payments giant had such an upper hand over investors that it could institute some highly unusual conditions in its fundraising round. Investors had to agree to hold onto their shares for four years after the company went public. And Stripe had the option to sell them even more shares at the 2021 round’s valuation, according to... Read more ›
48
On Thursday, First Republic Bank CEO Mike Roffler hashed out a $30 billion rescue plan for his bank with the biggest institutions on Wall Street at the urging of the federal government. But less than two months ago, he was pleading with the Federal Reserve and the Federal Deposit Insurance Corp. to exclude his San Francisco-based lender from proposed new banking rules designed to help protect the financial system in... Read more ›
8
It started with a text from a tech investor last Wednesday afternoon. Shares in Silicon Valley Bank were tanking following the announcement of an emergency stock sale, the person told me. The bank that I had used to establish The Information 10 years ago, and that I had stuck with since, was in danger of spontaneously combusting. The investor was warning me to get my money out—ASAP. But the first... Read more ›
30
What a difference a month makes. In early February readers of The Information were optimistic about 2023, with nearly three times as many respondents saying they expected conditions for tech companies to improve over the next six months as expected conditions to worsen. Now that sentiment has reversed. By more than 2-to-1, respondents to our latest survey expect conditions to worsen. Optimism also declined about each of the 14 well-known... Read more ›
12
One of the central tensions of the past 30 years when it comes to art and culture has been the need to balance the unbridled creativity afforded us by the internet with the ability of our legal institutions to make sense of who owns it. Since the artificial intelligence revolution began in earnest last summer with the launch of OpenAI’s Dall-E 2, the guiding wisdom has been that these early... Read more ›
17
During Thomas Kurian’s nearly five years at the helm of Google’s cloud-server business, the unit has raised its profile by inking long-term agreements with companies such as Deutsche Bank, Dun & Bradstreet Holdings and Mayo Clinic. But Google Cloud has struggled to get those companies to quickly increase their spending on cloud services, according to two current sales managers and four people who do business with Google Cloud. So Kurian... Read more ›
11
What a bunch of Keystone cops. That’s the only way to think about the national security folks behind the latest U.S. threat to ban TikTok. As The Information reported just now, following an earlier report from The Wall Street Journal, the Biden administration is demanding that Chinese tech giant ByteDance sell TikTok—or else face a ban. That’s exactly what Donald Trump threatened to do in the summer of 2020 for... Read more ›
0
As potential buyers circle the remnants of Silicon Valley Bank and its affiliates, one asset could be particularly appealing: the company’s venture capital arm. The unit manages $9.5 billion with stakes in many of Silicon Valley's top-tier venture firms, including Sequoia Capital, giving it indirect access to some of the tech industry’s most valuable startups, such as Stripe. Previously unreported documents show SVB Capital invested $234 million in Sequoia Capital... Read more ›
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The Biden administration in recent days demanded that Chinese internet giant ByteDance sell TikTok despite the company’s yearslong effort to avoid such a decision, according to a person briefed about the situation. U.S. officials told TikTok to rid itself of Chinese ownership and implied the app could face an outright ban if ByteDance doesn’t comply, this person said. The threat of a ban suggests the company has failed to win... Read more ›
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Most popular sources
Business Insider
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44% 14 |
Gizmodo
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11% 2 |
Engadget
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5% 2 |
Android Authority
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5% 4 |
The Verge
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4% 5 |
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21.11.2025 16:28
Last update: 16:21 EDT.
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