Near the corner of Sixth and Market streets in downtown San Francisco, Frontier Tower has become a 15-story haven for the wildest and weirdest thinkers in technology. Floor 11 is full of longevity and health tech enthusiasts. The crypto folks are a floor above, with a lounge full of expensive furniture. AI is on floor 9. And the big event there this weekend is down on floor 8, where a... Read more ›
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Venture capital firm IVP is leading an investment in Perplexity, developer of an artificial intelligence–powered search engine that competes with OpenAI’s ChatGPT and Google’s Bard, according to people with direct knowledge. The deal values the 1-year-old company at around $500 million, including the new capital, up from a $150 million post-investment valuation from an earlier financing announced in March. Perplexity is generating $3 million in annual recurring revenue as of... Read more ›
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OpenAI is no longer the only game in town when it comes to selling generative artificial intelligence. That’s beginning to affect the growth of its sales to corporate customers. Less than a year after OpenAI launched ChatGPT and built a considerable consumer business, several big companies that were also early customers of its AI, such as Salesforce and Wix, say they are using less expensive alternatives. Some of those firms... Read more ›
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SiFive, a semiconductor startup that counted Google as a user of its products, has laid off 20% of its staff, or about 130 people, a company spokesperson confirmed. It’s a sign of strain within the semiconductor sector even as intense demand for artificial intelligence chips buoys Nvidia and others. SiFive, which was valued on paper at $2.5 billion in a financing round last year, is one of the most prominent... Read more ›
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Paradigm co-founder Fred Ehrsam is stepping down as managing partner, according to an email to employees on Tuesday, as the top crypto-focused venture capital firm gears up to raise a new fund and move past the black eye of its major investment in failed crypto exchange FTX. Ehrsam, who co-founded Coinbase before starting the venture firm, told employees he plans to devote more time to researching and investing in futuristic... Read more ›
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An overwhelming majority of The Information’s readers say they use artificial intelligence services such as ChatGPT in either their personal or their professional lives, and two-thirds of that group pay for at least one service. That’s according to our latest monthly survey, which also found readers more optimistic about the outlook for tech than at any time since we began the surveys in February. Nearly 90% of respondents said they... Read more ›
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If you’ve been following our reporting on Together (here and here), which sells access to cloud-based servers running on Nvidia’s artificial intelligence chips as well as software to help startups train and run AI models, you may remember the firm raising money at a lower valuation than it could have received. Read more ›
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When Washington state–based Coastal Community Bank struck its first fintech partnership with Aspiration, a startup backed by Leonardo DiCaprio and Orlando Bloom, it ushered in a new era for the sleepy Snohomish County bank. Starting with that agreement in 2017, Coastal quickly became one of the most prolific banking partners for fintech companies, striking deals with dozens of them. It would go on to power the lending, deposit and card... Read more ›
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It’s getting ugly out there for consumer brands, as today’s bankruptcy filing by Hello Bello, the baby care brand founded by celebrity couple Kristen Bell and Dax Shepard, demonstrates. On the surface, Hello Bello had all the ingredients for success: famous co-founders who could promote the brand to their combined 20 million Instagram followers, as well as widespread distribution in big stores like Walmart. But that wasn’t enough. The bankruptcy,... Read more ›
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Elon Musk’s The Boring Company has sold shares owned by employees and investors at a price over 22% higher than in a funding round for the tunneling startup last year, according to two people familiar with the matter. The most recent price gives the startup an implied valuation of over $7 billion and suggests investors have faith that the company’s prospects have improved, despite setbacks in key projects. The sale... Read more ›
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Will short-form video ever generate meaningful revenue for creators on YouTube, TikTok and Instagram? The next three months will go a long way to answering that question. Just pay attention to YouTube. Advertisers in the summer committed more than $7 billion to YouTube during the annual advertising negotiations known as upfronts. These dollar commitments then get spent by advertisers starting in the fourth quarter and into the following year, according... Read more ›
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While Nvidia makes bank from selling artificial intelligence chips at $32,000 a pop, several upstart cloud providers—as well as the big guns like Amazon Web Services—are buying as many chips as they can so they can rent them out to AI developers. These cloud providers hope to generate revenue of at least several times that sticker price for each chip. Will that gamble pay off?That’s the question in our mind... Read more ›
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At a moment when many investors are retreating from fintech, Lightspeed Venture Partners is doubling down. The venture capital firm has hired Aaron Frank, who built the company that became the foundation for the Apple Card, to help seek out deals in payments and lending. The 37-year-old Frank was the co-founder and CEO of Final, the credit-card platform Goldman Sachs bought in 2018 after it partnered with Apple to build... Read more ›
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Two years ago, Eren Bali was on top of the world. The online education company he co-founded, Udemy, had gone public in 2021 at a $3.8 billion market value, and Bali was turning his focus to a startup he had formed in 2015: Carbon Health, a chain of urgent-care clinics that planned to use tech know-how to improve healthcare. At the time, Carbon’s business was surging due to the pandemic... Read more ›
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Hello Bello, the venture-backed diaper and baby care company founded by celebrities Kristen Bell and Dax Shepard, filed for Chapter 11 bankruptcy on Monday. The filing is a high-profile symbol of the struggles many buzzy consumer-focused startups have faced from dealing with belt-tightening by shoppers and increases in digital marketing costs. Hello Bello has lined up a $65 million bid from the healthcare-focused private equity firm Hildred Capital to buy... Read more ›
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In 2021, Qichao Hu began planning a pilot factory in South Korea to produce next-generation electric vehicle batteries for the startup he founded, SES AI, when a debate erupted among his staff scientists: Should the plant include explosion-proof bunkers? Some of the scientists argued that such fortifications were a waste of money—ordinarily the lithium-metal batteries they were developing were quite dangerous, but they had tamed the technology, leaving little risk... Read more ›
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Qatar last year signaled it wanted to be a much bigger investor in tech when its $475 billion sovereign wealth fund backed Elon Musk’s takeover of Twitter. Now, the war between Israel and Hamas—a Palestinian terrorist group with ties to Qatar—may hamper those ambitions. The petroleum-rich Persian Gulf nation has been trying to follow in the footsteps of neighboring Saudi Arabia and the United Arab Emirates, which have long invested... Read more ›
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When Ziad Sultan began thinking about artificial intelligence, there was no craze afoot. Not even a cultish flurry of excitement. Sultan, who is now Spotify’s vice president of personalization, responsible for a slate of new AI features for the audio streamer, first caught the bug in the early 2000s. He was 17, had just moved to Cambridge, Mass., from Beirut, was not yet fluent in English, and began studying this... Read more ›
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Since the Hamas terror attacks of Saturday, October 7, Israel’s tight-knit tech community has rallied to the country’s defense. Some executives have children in the Israeli military or serve themselves; others immediately launched civil aid programs to support the Israel Defense Forces, war refugees or the families of hostages. While universally agreeing on the need to disarm Hamas in Gaza, tech investors and founders we spoke to are conflicted about... Read more ›
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Hi, welcome to your Weekend.As Jessica writes in her cover story this week, Andy Jassy has enjoyed a relatively smooth transition period as CEO of Amazon. Sure, there have been hiccups and challenges in the two years since Jeff Bezos handed Jassy the reins. He earned some ire from employees after laying off 27,000 workers in 2022. And there was more internal grumbling this year when he enacted a tough... Read more ›
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You have to enjoy a certain level of self-confidence to start a business, particularly if you’re asking other people to help fund it. Too often, though, entrepreneurs have way too much confidence for their own good. Take the people behind Convoy, the trucking startup that fell off a cliff this week, after months spent trying to find a buyer or some new cash to keep the business going. As demonstrated... Read more ›
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09.04.2026 10:06
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