A few weeks ago, Sam predicted the end of the "venture capital industrial complex," a term he coined to refer to the old way of doing things in the industry. And so, I asked him this week, howâamid news of major new fundraisesâthat was holding up. That, and lots more, on this week's episode of More or Less. Apple Spotify YouTube Read more âș
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Readers of The Information are spending more on software, especially programs related to artificial intelligence and the cloud, and expect to boost software budgets further in 2024, although perhaps at a slower pace.Our latest survey also found that readers expect conditions for tech companies to improve in the coming months, but they are slightly less optimistic about the outlook for tech than they were a month ago. The results are... Read more âș
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The founder and CEO of InVision saw the siege coming. His successful user interface design startup was growing fast, having built a product that some expected to put Adobe, the juggernaut of the design industry, back on its heels. But Adobe was working on a next-generation app of its own, and another upstart, Figma, was gaining momentum with software that could be a game changer. So InVisionâs CEO, Clark Valberg,... Read more âș
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Lately, when San Francisco makes national headlines, itâs about crime, homelessness or questions about whether tech companies will ever return to downtown. So this week, it was nice to see San Francisco in the news for a different reason, as U.S. President Joe Biden and Chinese President Xi Jinping of China came to town for the Asia-Pacific Economic Cooperation Summit, a summit of world leaders to promote trade.I have never... Read more âș
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Googleâs company-defining effort to catch up to ChatGPT creator OpenAI is turning out to be harder than expected. Google representatives earlier this year told some cloud customers and business partners they would get access to the companyâs new conversational AI, a large language model known as Gemini, by November. But the company recently told them not to expect it until the first quarter of next year, according to two people... Read more âș
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Before Frances Haugen became a global public figure for leaking a trove of internal documents on Facebook, she carefully avoided alerting Facebookâs security to her plans. The details on howâfascinating to journalists and probably alarming to any CEOâsuggest Haugen knew she was about to launch a grenade into the strenuously cultivated public image of the company now called Meta Platforms.âTo thwart potential surveillance to the greatest degree possible, I had... Read more âș
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A debate has resurfaced in the venture capital industry over the value of regularly updating portfolio startupsâ valuations to better reflect current conditionsâin particular, how aggressively to lower the value of the stakes. Many venture capitalists argue that markdowns are arbitrary and therefore meaningless, and that a VC firmâs limited partners wonât really know the value of a stake until itâs sold or the startup goes public. But some LPs... Read more âș
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Web Summit attempted to put a turbulent chapter behind it this week, drawing more than 70,000 attendees to the annual tech conference in Lisbon. But the fallout from its former CEO's remarks isnât over. Two Israeli startups, Lasso Security and Ask-AI, are rejecting the investments of the tech conferenceâs venture arm after former Web Summit CEO Paddy Cosgrave referred to Israelâs retaliatory strikes on Gaza as âwar crimes.â Startups rarely... Read more âș
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Before we get into todayâs main topic, hereâs a piece from our editor in chief Jessica Lessin and me that will be interesting if youâre into the drama of Silicon Valley and AI regulation.The article digs into the divisions between tech investorsâwell known to be an opinionated bunchâaround how to regulate new AI technology. The most recent argument was triggered by the VC industry group Responsible Innovation Labsâ release of... Read more âș
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In early 2022, JPMorgan Chase proudly claimed it was the first bank to enter the metaverse. Inside a crypto-focused virtual world called Decentraland, users could visit the swanky Onyx lounge, named after the bankâs blockchain operations, to mingle with fellow crypto enthusiasts and watch videos of the bankâs experts discussing crypto markets. Read more âș
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Two years after abruptly exiting robotaxi developer Cruise, Dan Ammann is onto a new big thingâlarge-scale lithium mining. His employer is oil behemoth ExxonMobil, whichâif Ammann is successful in an Arkansas drilling operation he announced this weekâis poised to become a global player in lithium just as it is today in oil, gas and chemicals. Read more âș
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If youâre a fashion plate on a budget, youâre probably a fan of Shein, known for selling ultracheap and trendy clothes. By all accounts, itâs popular with the kids. As we scooped today, the Singapore-based online storeâs global revenue surged 40% in the first three quarters of this year, which means its revenue is now bigger than that of another fast-fashion retailer, H&M. Weâve no doubt that Sheinâs investors, including... Read more âș
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For the past week and a half, Iâve been reporting on a social media CEO whoâs been slashing product management staff, taking a hands-on role with product decisions and extolling the benefits of spending longer hours in the office. It wasnât Elon Musk.Instead, Snap co-founder and CEO Evan Spiegel has taken the hard-core mantle from Musk as Spiegel tries to lift Snapâs business out of its ad slump, I reported... Read more âș
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Regulating artificial intelligence was always going to be a thorny issue. But a few months into Washingtonâs push to do so, the question of how to oversee powerful large language models and other AI is sharply dividing the tech community. On Tuesday, a venture capital industry group released a set of guidelines on âresponsible AI,â calling on companies to promote measures such as AI safety checks, and âfostering trust through... Read more âș
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To entice their investors off the sidelines, venture capital firms are turning to a tactic used during the dot-com bust: discounts. Coatue Management recently raised $1.4 billion for a companion fund to its $7.7 billion VC growth fund, according to two people with direct knowledge of the matter. Coatue is not charge existing investors in the growth fund management fees to invest in the companion fund. That saves the backers... Read more âș
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Crypto prices have been creeping up over the past month, fueling hope that the crypto winter could be thawing. But some trading and investing apps have already thrown in the towel. I reported earlier this week that Stash, an app that offers stock, ETF and crypto trading, is pulling the plug on its crypto trading service in December. The fintech had already taken crypto out of portfolios it manages for... Read more âș
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Late last year, Amazon executives met with their counterparts at TikTok parent ByteDance to propose a novel idea: creating a new advertising format that would let customers buy items from Amazon ads on TikTok without leaving the app, according to a person with direct knowledge of the discussions. A partnership could have been a breakthrough for both companies. Amazon knew ads on TikTok that provided the ability to buy things... Read more âș
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In September, I wrote about an emerging group of startups that help developers manage the exploding costs of AI. These companies figure out what tasks can be handled by cheap-to-use AI models so their customers donât end up paying for a more expensive model from OpenAI that they donât really need. Thereâs signs these companies have legs, at least in the eyes of venture capitalists. One of the earliest of... Read more âș
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Sheinâs revenue surged more than 40% to $24 billion between January and September from a year earlier, people familiar with its finances said, growth that highlights the mounting threat for Amazon as the China-founded retailer looks to expand beyond fast fashion by ramping up sales of other goods like appliances and electronics. Shein, last valued at $66 billion and backed by investors including Sequoia Capital and General Atlantic, has already... Read more âș
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If Adrian Aoun has his way, the next time you visit the doctorâs office, you wonât see a single medical professional. In fact, he said, âI donât even believe a doctorâs office should exist.â Instead, the outspoken founder and CEO of primary care startup Forward wants you to entrust your health to a landmark new product, the CarePodâa whirring, purring autonomous module that looks like an airport lactation room crossed... Read more âș
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01.04.2026 08:38
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