Welcome, Weekenders! In this newsletter:• The Big Read: How a Chinese megabillionaire became the Jensen Huang of batteries. • Style and Shopping: Tech invaded Cannes. Then we went shopping.• Plus, Recommendations—our weekly pop culture picks: “Long Buried,” “How to Not Die in Prison” and “Dust Bunny”On Tuesday, a closely watched Congressional primary in New York City ended in defeat for Alex Bores, a former Palantir engineer turned state legislator who... Read more ›
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Two weeks ago, things turned dire in Hampton Roads, Va. A hurricane slammed into the main shipyard, one of the country’s most important naval bases, raising questions about the impact of climate change and the future of military contracting in the area. In the disaster’s wake, politicians, union leaders and millionaires rushed to lobby, bribe and connive their way into somehow benefiting from the catastrophe. Such was the scenario prepared... Read more ›
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Get ready. The tech news cycle is about to go into overdrive. Next week we’ve got March-quarter earnings from Google, Microsoft and Meta Platforms. The first two will be closely watched for what we can glean about how artificial intelligence–powered services are lifting revenues, while Meta CEO Mark Zuckerberg is sure to wax eloquent about his hopes and dreams for dominating AI when he speaks on Wednesday. But those earnings... Read more ›
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As TikTok owner ByteDance ramps up its efforts to develop artificial intelligence, the Chinese internet giant recently elevated an executive leading the AI development to report directly to CEO Liang Rubo, according to two employees with direct knowledge of the matter. The decision to put the executive, Zhu Wenjia under Liang’s supervision is the latest indication of how AI has become an urgent priority for the company. Zhu’s team has... Read more ›
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The companies change but the debates stay the same. I was thinking about that during this week's recording of More or Less as we debated the future of Tesla—the technology and car company. Or is it just a car company? That plus, why TikTok launched its new app and a breakdown of some misleading tech worker statistics. Hope you enjoy. Apple Spotify YouTube Read more ›
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As the creator economy rises, so do the products and agencies that serve content creators. One such agency is Whalar, one of the fastest-growing creator agencies. As part of the recent Creator Economy Summit, Jessica Lessin, founder and CEO of The Information, sat down for a fireside chat with Neil Waller, co-founder of Whalar, to discuss creators as entrepreneurs, how they can diversify revenue, and the importance of creating content... Read more ›
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Few things matter more to Jack Altman than bedtime with the Altman siblings: the two-year-old daughter and four-year-old son he shares with his wife, Julia, who is pregnant with their third child. “Childhood is such a short period. Maybe you get 10 years where your kids want nothing more than to be with you,” he said as we settled into the Altmans’ sunny Burlingame, Calif., dining room, its glass-paneled walls... Read more ›
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The Information’s readers have cooled on their outlook for the technology sector. In our April survey, 33% of readers said they expect conditions to improve and 17% said they expect conditions to worsen. That’s markedly less optimistic than earlier in the year. In February, those expecting conditions to improve outnumbered those expecting them to worsen by 62% to 11%. Sentiment about 14 big tech companies generally followed the same pattern.... Read more ›
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Over the past six years, a Chinese startup called Tymo built a respectable online business in the U.S. selling hair dryers, curlers and straighteners, mainly on Amazon. Last year, though, it began selling its goods on the U.S. version of TikTok Shop, the viral video app’s new e-commerce platform, after TikTok recruited Tymo’s business. The difference in results was dramatic. Last month, for example, Tymo began selling a hair curler... Read more ›
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Google CEO Sundar Pichai has been criticized for avoiding tough decisions, but on Thursday he may have resolved one of the biggest questions hanging over the company: what to do about Android, the main rival to Apple as a smartphone operating system. Android has long played second fiddle to the iPhone in the U.S. while dominating globally. But lately, it has been losing more ground to Apple in key markets.On... Read more ›
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Cybersecurity company Lacework is in talks to sell to its competitor, Wiz, for between $150 million and $200 million, a fragment of its 2021 valuation of $8.3 billion, Cory and Aaron report. It’s a painful ending for the investors that poured nearly $2 billion into the 9-year-old startup, as well as the employees, who were hoping for a much better outcome.Lacework was incubated by Sutter Hill Ventures, meaning the venture... Read more ›
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It’s very likely that you have heard the term “FAST channel” bandied about recently, considering how often it gets brought up within the streaming industry. These “free ad-supported television” channels have proliferated on internet services like Pluto TV, Tubi and The Roku Channel that carry a continuous feed of video. This 24-hour programming cycle has already started to vacuum up the biggest creators’ video content. MrBeast, for example, launched a... Read more ›
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There’s a new order at Tesla: The company said Monday it would eliminate 10% of its workforce, and two key executives who reported directly to CEO Elon Musk have departed. At least 35 people now report directly to Musk, according to Tesla’s internal org chart, which The Information viewed. (See our updated Tesla Org Chart here.) The new additions include key executives overseeing energy, public policy and business development, the... Read more ›
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Cybersecurity startup Wiz is in advanced talks to acquire Lacework, one of its largest private competitors, according to two people with direct knowledge of the talks. The deal values Lacework at between $150 million and $200 million, according to one of the people, a sharp decline from the company’s 2021 valuation of $8.3 billion. The talks come as small cybersecurity firms offering individual products are facing a tougher competitive environment,... Read more ›
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When you’re covering a space as hyped-up as generative AI, it can be easy to become jaded and overly skeptical (something I have to combat every time I see yet another AI funding round valued at a 100-times forward revenue multiple).But, there’s still plenty in AI to be excited about—just take a look at this piece from my colleague Aaron Holmes, which highlights the startups and big tech companies getting... Read more ›
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As many businesses remain cautious about spending on conversational artificial intelligence, AI providers such as Microsoft, OpenAI and Google are racing to make the technology more of a must-have—by introducing new features that can handle complex tasks with little guidance from the customer. Microsoft, for instance, is making software to automate multiple actions such as creating, sending and tracking a client invoice based on their order history or rewriting an... Read more ›
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Tesla CEO Elon Musk is vowing accelerated development of the fully driverless Robotaxi, brushing aside calls from analysts and investors to walk back his abrupt postponement of a long-awaited $25,000 electric vehicle. “Going balls to the wall for autonomy is a blindingly obvious move,” Musk said in a tweet Tuesday. “Everything else is like variations on a horse carriage.” Read more ›
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It’s good to see that Tesla’s board is focusing on what’s important. The electric car maker revealed today that it will put Elon Musk’s contentious 2018 pay package to a shareholder vote again in mid-June, along with a proposal to move the company’s corporate domicile to Texas from Delaware. The pay vote makes sense: Musk created value and should get paid. A Delaware judge voided the package after shareholders filed... Read more ›
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After a bruising couple of years for cash-burning financial technology startups, valuations are starting to rise again. Khosla Ventures and Founders Fund are co-leading a $150 million financing of Ramp, which offers credit cards and software for managing corporate expenses, at around a $7.65 billion valuation including the new capital, according to a person who spoke to Ramp executives about the deal. That number, which is up 36% from its... Read more ›
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There’s a palpable anxiety in Hollywood about AI leading to job losses or automating some of the creative process. Creative Artists Agency, the talent agency that represents stars like Brad Pitt and Reese Witherspoon, is also trying to figure out how entertainers can benefit. Last fall, the talent agency started testing a new initiative called CAA Vault with certain A-listers that allows them to make a digital double of themselves. Read more ›
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A year ago, the board of Salesforce, one of the most acquisitive companies in tech, disbanded its mergers and acquisitions committee as it faced pressure from activist shareholders to reduce spending. The economic backdrop had sent deal-hunters into hiding. Forecasters braced for a global recession. Investment bankers complained they had nothing to do.But in recent days there’s been signs that the deal market is beginning to turn. News last week... Read more ›
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02.07.2026 09:32
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