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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On March 19, the 70-person staff of Inflection, an artificial intelligence startup that had raised $1.5 billion in less than two years, was summoned to a Hyatt hotel auditorium near the companyâs Palo Alto, Calif., offices. Moments before, theyâd received some shocking news: Microsoft would pay $650 million to license Inflectionâs AI models and hire two of its three co-founders, Chief Scientist KarĂ©n Simonyan and CEO Mustafa Suleyman, who was... Read more âș
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Redditâs long-awaited coming-out party is over. After more than doubling to a high of $74.90 in the days after its public debut, the stock is now trading at a still-respectable $47 or so. The man who turned down the music is 35-year-old Andrew Freedman, a partner at Stamford, Conn.âbased Hedgeye Risk Management, a market-research firm that sells its data to retail investors as well as institutional clients. Read more âș
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School will be out for the summer before you know it, presenting an annual problem: how to keep kids engaged and challenged during summer vacationâa tall task throughout the year but exponentially harder during the break. That leads to another seasonal predicament: picking the right summer camp. And while summer camp may evoke the image of tents, canoes and sleepaway cabins in the woods, multiple weeks of math, science, music... Read more âș
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There is something perverse about the Biden administrationâs willingness to ban TikTok even as it is arguing that Meta Platforms, whose Instagram is one of TikTokâs biggest rivals, holds âmonopoly powerâ in social media. That contradiction came to mind when we read Metaâs court filing on Friday, asking a court to toss out the Federal Trade Commissionâs antitrust lawsuit against Meta. The filing highlights how Meta has had to retool... Read more âș
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A mysterious company started by former Apple designer Jony Ive and OpenAI CEO Sam Altman to launch an artificial intelligence-powered personal device has started funding talks with some of the biggest names in venture capital. The startup has discussed deals with Emerson Collective and Thrive Capital, a major investor in OpenAI, whose conversational AI could theoretically power some of the device features, according to a person involved in the process... Read more âș
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Last Wednesday, the hottest invite in El Segundo, Calif., was to a get-together at El Segundo Brewing on Main Street, which sits in the shadow of a sprawling Chevron refinery. Founders Fund hosted the happy hour, gathering some of the startup founders that have recently flocked to El Segundo to make rockets, portable nuclear reactors and lethal drones, among many other things. At the middle of it all was Peter... Read more âș
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The market for initial public offerings seems to be heating up, and weâve been updating and enhancing The Informationâs Tech IPO Tracker to keep pace. On Monday, data security software firm Rubrik filed its public IPO prospectus, suggesting it will debut on the stock market later this month or in early May. Shopping rewards company Ibotta published its prospectus last month. Social media company Reddit and data center component maker... Read more âș
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The eyes of Bader Al Manaâdeputy chief investment officer at Sanabil, the venture arm of Saudi Arabiaâs sovereign wealth fundâwere heavy with jet lag last month as he spoke about his firmâs pursuit of investments in artificial intelligence startups at The Montgomery Summit in Los Angeles. Sanabil is focused on taking direct stakes in startups and building out its own AI playbook, he told the invite-only gathering of startup investors... Read more âș
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Weâre at the point in the artificial intelligence hype cycle where online pundits are looking to tear down what theyâve spent much of the past 18 months building up. Exhibit A is the spread this week of a nugget of a story The Information wrote nearly a year ago about the role of human reviewers in India in powering Just Walk Out, Amazonâs grab-and-go checkout technology. How this story has... Read more âș
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Wow! Iâm still buzzing from our Creator Economy Summit on Tuesday. It was amazing to see so many familiar faces, meet new subscribers and learn from our lineup of speakers. Thank you to everyone who traveled from near and far to be there! If you have any feedback on the event, weâd love to hear your thoughts. One of my favorite conversations of the day was with Diplo, the Grammy-winning... Read more âș
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We know that many of Silicon Valleyâs investors are desperate to tap into the Middle Eastâs plentiful capital reserves. Less discussed are the hurdles Middle Eastern investors face while trying to land stakes in Silicon Valleyâs best startups.A new fund wants to help both sides. Fahad AlSharekh, vice chair of Kuwaiti asset manager Kamco Invest, tells me he has raised $50 million to invest in emerging fund managers located in... Read more âș
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Worrying about artificial intelligence turning into Skynetâa la the Terminatorâshould take a back seat to basic cybersecurity concerns, as weâve written repeatedly. Today weâve got news to prove our argument.Israeli cloud security firm Wiz has exclusively revealed to us that it discovered a substantial security flaw in Hugging Face, a wildly popular online repository of machine learning models thatâs used by 50,000 organizations including Meta Platforms, Microsoft and Google.Shir Tamari,... Read more âș
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When The Information began surveying readers about their outlook for 14 big tech companies in February 2023, the tech industry was in turmoil. Stocks were receding from their pandemic highs and layoffs were surging. Today, major stock indices are at all-time highs and tech companies big and small are racing to capitalize on advances in artificial intelligence. These shifting moods are captured in our new Tech Sentiment Tracker. Each month,... Read more âș
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In November, Tesla released its long-promised, Matrix-styled Cybertruck pickup, and two months later a refurbished Model 3 sedan that Motor Trend called âsomething to get excited about.â Next year, the company aims to release a new version of its high-end Roadster that CEO Elon Musk calls a cross between a car and a rocket ship. And in case anyone is worried about charging these vehicles, the company said it installed... Read more âș
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Weâve learned this week just how flexible the governmentâs definitions of âmonopolistâ and âcompetitionâ are. On âThe Daily Show With Jon Stewartâ Monday night, Federal Trade Commission Chair Lina Khan declared that a company can be judged monopolist if it mistreats its customers and gets away with it. By that definition, any bank or phone company could be judged a monopolist, regardless of the number of competitors it faces. Meanwhile,... Read more âș
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Our Creator Economy Summit in Los Angeles was a success yesterday, with wide ranging discussions about how creators are running startups and how everyone is viewing two of the biggest news storiesâa potential TikTok ban and the rise of generative AI. One of the most interesting discussions was around sports. As weâve written, professional sports organizations like the National Football League are embracing social media influencers and striking deals with... Read more âș
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As Elon Musk builds his xAI artificial intelligence startup, heâs having to compete with big tech giants and a slew of other startups for talent. One place heâs managed to snare several promising engineers from, though, is close to homeâTesla. Last month, Tesla machine-learning scientist Ethan Knight became the fourth Tesla engineer to leave the car company for xAI, the startupâs website shows. At Tesla, Knight had overseen the team... Read more âș
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Online influencers drawing consumer attention and ad dollars from traditional media have made one thing very clear: They only want to ink deals with Hollywood on their own terms. âWeâve been really fortunate to have cool conversations with various studios and production companiesâbut honestly, at this time, no one has really presented an offer that actually made more sense than what we have,â said Michelle Khare, creator of âChallenge Accepted,â... Read more âș
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The Telecommunications Act of 1996, which compelled the âBaby Bellâ telephone networks to allow competing services to operate over their lines, included a less well-known provision that has proved transformative: that customers be allowed to keep their telephone numbers when changing providers. This modest clause helped break the network effect that gave the regional, fixed-line telephone companies a stranglehold over their markets. In so doing, it decentralized the U.S.âs information... Read more âș
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Throughout last year, some venture capitalists raised concerns about artificial intelligence startups that used much of the capital they raised to buy or rent specialized servers powered by Nvidia chips. While spending gobs of money on those servers was all well and good for major cloud providers like Googleâwhich also funded many of these startups so theyâd have money to rent those cloud serversâVCs worried the startups could get saddled... Read more âș
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02.07.2026 13:37
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