Welcome, Weekenders! In this newsletter:âą The Big Read: How a Chinese megabillionaire became the Jensen Huang of batteries. ⹠Style and Shopping: Tech invaded Cannes. Then we went shopping.âą Plus, Recommendationsâour weekly pop culture picks: âLong Buried,â âHow to Not Die in Prisonâ and âDust BunnyâOn 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 âș
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In the world of generative artificial intelligence startups, chatbots are so 2023. This year, entrepreneurs and venture capitalists are building and backing new applications of the emerging technology, including humanlike robots and voice generators. In the first quarter, venture capitalists plowed more than $2.2 billion into startups tracked by The Informationâs Generative AI Database, an increase of more than 11% from the fourth quarter. Figure, which is building humanlike robots... Read more âș
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Investors at The Informationâs Private Capital Conference Tuesday said the shakeout in valuations the past two years has given them more opportunities to find attractive dealsâeven in beaten-down sectors such as e-commerce. But tech founders face higher hurdles to go public and many initial public offerings remain far off, even for most artificial intelligence companies. A cautious note pervaded much of the discussion, with memories of the most recent tech... Read more âș
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The stock market is setting records, partly due to enthusiasm about artificial intelligence, a sector where valuations have soared. The IPO market isnât back to where it was before interest rates started rising. Yet some investors are more upbeat about investment conditions than theyâve been in a while, judging from comments at our Private Capital Conference in New York on Tuesday. Anton Levy, of General Atlantic, for instance, said, âFor... Read more âș
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Mubadala Capital, the investment arm of a giant Abu Dhabi sovereign wealth fund, is âmoving into offense,â according to Ibrahim Ajami, Mubadalaâs head of venture investments. âWeâre leaning in,â he said, adding that the days of passive investing in vehicles like SoftBankâs Vision Fund are over. Speaking at The Informationâs Private Capital Summit on Tuesday, Ajami said that this position means Mubadala will form deeper relationships with fund managers and... Read more âș
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The stock market is near a record high. Six public tech companies are worth more than $1 trillion. Even bitcoin has made a comeback! But the titans of private capital arenât over the moon with optimism yet. That may be because theyâre still working through the hangover of the zero-interest-rate funding boom in their own portfolios. âTwenty-three was a bit of a wipeout,â said Philippe Laffont, founder of New York... Read more âș
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As creatorsâ popularity has grown, some of the biggest are now raising capital to transform their online followings into long-lasting media and consumer companies.Dude Perfect, the five-person sports and comedy group that started with a popular YouTube channel, on Tuesday announced an investment from private equity firm Highmount Capital. A spokesperson for the group said the investment is between $100 million and $300 million. Read more âș
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Some of the worldâs biggest tech investors have a reality check for companies thinking about going public: While the initial public offering market is showing signs of life, smaller companies that made the cut during the last boom cycle donât have a shot now. âThere were a lot of companies that went public in the last cycle when there was a lot of exuberance that were too small,â said Anton... Read more âș
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Two big shareholders in ByteDance made their first public comments on the political challenges facing that companyâs subsidiary TikTok on Tuesday. Coatue Chief Investment Officer Philippe Laffont, a board member of TikTok parent ByteDance, said the U.S. and China need to âgive clarityâ about the future of TikTok. Meanwhile, Anton Levy, co-president of General Atlantic, said a lot of concerns about the dangers posed by TikTok related to âfear of... Read more âș
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Being a startup founder is hard enough. Add to that the unique obstacles facing the generative AI sectorâdisappointed buyers, slow revenue growth and the high costs of conversational AIâand many AI founders are realizing that itâs not necessarily the land of free-flowing capital and Nvidia chips.Take Tome, the Bay Area startup, which uses AI to create and design presentations. It saw viral growth after the launch of its product in... Read more âș
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Paul Maderaâs venture capital firm, Meritech Capital, amassed big returns from betting on private companies such as Facebook and Salesforce that helped power previous technological shifts. But Madera has been steering clear of the tech shift that currently promises to transform the world: generative artificial intelligence. Meritech is one of a number of late-stage investors, including TCV, General Atlantic and Blackstone, that have stayed on the sidelines as $25.6 billion... Read more âș
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David Ellison should be careful what he wishes for. The son of Oracle chair Larry Ellison is reportedly nearing victory in his bid for TV and film company Paramount Globalâto be financed with help from his dadâdespite competition from Apollo. The last time there was a takeover battle for Paramount was almost exactly 30 years ago, when Sumner Redstone dueled Barry Diller over a period of nearly six months from... Read more âș
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Meta Platforms is planning to launch two small versions of its forthcoming Llama 3 large-language model next week, according to a Meta employee. The models will serve as a precursor to the launch of the biggest version of Llama 3, expected this summer. Release of the two small models will likely help spark excitement for the forthcoming Llama 3, which will be coming out roughly a year after Llama 2... Read more âș
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TikTokâs growth in Europe has slowed down so much that itâs rolling out a new app that gives people financial incentives to watch its videos. The Chinese-owned company is introducing a new app in Spain, France and other countries that will encourage users to watch videos, invite friends to sign up and perform other actions by awarding them points they can redeem as gift cards or digital tips to give... Read more âș
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Haun Ventures raised $1.5 billion to invest in crypto startups just before the market collapsed and venture deals slowed dramatically. Now, as the crypto market shows signs of a recovery, Haun is getting activeâquietly grabbing a stake in one of the industryâs most high-profile survivors at a steep discount to its peak valuation. The firm, founded in 2022 by former federal prosecutor and Andreessen Horowitz investor Katie Haun, has been... Read more âș
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When Apple began developing its Vision Pro headset years ago, the projectâs leaders believed its future fortunes hinged on the creativity of app developers outside Apple, just as the iPhoneâs success had, said former employees who worked on the project. Increasingly, though, those developers are expressing frustration with the restrictions Apple is imposing on what Vision Pro technologies they can use in their apps. Unlike on the iPhone, Apple doesnât... Read more âș
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As tiny chips and artificial intelligence algorithms become more powerful, a possible future where people control computers just by thinking has become more realistic, according to Brian Otis, the cofounder and former chief technology officer of Alphabetâs Verily life-sciences unit. Otis in February joined Precision Neuroscience as chief technology officer, a move that hasnât been reported previously. Launched in 2021 by a group of founders including Neuralink cofounder Ben Rapoport,... Read more âș
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In early March, Googleâs top artificial intelligence executive, Demis Hassabis, tried to rally his teamâs spirits after a bruising few weeks. Google had just released Gemini, a chatbot powered by technology from Hassabisâ group and Googleâs best shot yet at showing it could catch up to OpenAIâs buzzy ChatGPT. Instead, Gemini attracted public ridicule for generating racist responses to user queries. At a meeting, Hassabis told the staff of his... Read more âș
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For three years, General Motors, Ford and other automakers were all elbows, seeking to outdo one another in their commitment to electric vehicles, backed by tens of billions of dollars each in promised spending. But over the last five or so months, most did a U-turn: They had gotten EVs wrong, many saidâcustomers were not lining up for them in droves as expected, at least not yet. GM and Ford... Read more âș
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If there is something that really gets this crew's juices flowing it is, apparently, debating streaming video entertainment! This week's episode features a lively debate about a new trend plus a look at where AI is already disrupting mediaâand where it probably won't. Enjoy! Apple Spotify YouTube Read more âș
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Welcome, Weekenders! In this newsletter:Inside Microsoftâs hiring of Inflection co-founder Mustafa SuleymanHow an LA backwater turned into a hotbed of America-first capitalismThe Top 5: Best summer camps for future tech mogulsPlus: The guy who cost Reddit billions; a blast from Marvelâs past; an incredible shortcut through Robert Caroâs âThe Power Brokerâ; and the AI of the 18th century.The New York Times Co. bedeviled the internet earlier this week with an... Read more âș
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02.07.2026 11:28
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