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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It might be the bleakest chart in the media business: the severe loss of subscribers in recent years among cable and satellite companies, which for decades were the primary way people subscribed to old-fashioned television channels such as CBS and ESPN. Amid the gloom, though, one company has stood out: YouTube TV, which has grown from zero subscribers in 2017 to 8 million in February this year, making it the... Read more âș
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In the beauty pageant of initial public offerings, the latest tech companies to step to the stage, Ibotta and Rubrik, are trying to showcase the âglow-upâ transformations theyâve undergone in the past two years.In early 2022, couponing startup Ibotta was struggling for relevance, barely growing and burning cash, looking more like a candidate for the dustbin than the public markets. Rubrik, which sells data storage and security tools to enterprises,... Read more âș
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Weâre hosting hundreds of attendees at The Informationâs Creator Economy Summit and the conversations are flying. Here are some of the highlights so far.Marni Levine, who leads TikTok Shopâs U.S. operations for small and medium businesses, said the app doesnât plan to reduce e-commerce content in its powerful For You tab, despite complaints from some users that theyâre seeing too much of it. Levine also said itâs planning to bring... Read more âș
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Ty Haney left Outdoor Voices, the athleisure startup she co-founded, after a widely publicized dispute four years ago with the companyâs board. Now sheâs taking a new shot at one of the ideas that caused the rift: building loyal communities of users. âHaving built a brand whose life was cut short for various reasons, I saw a need to create a hub for long-lasting relationships, which can reward for things... Read more âș
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TikTok isnât swayed by users complaining theyâre seeing too much on their feeds from creators hawking products. âIâm not consideringâ dialing back the amount of e-commerce content on TikTokâs For You page, said Marni Levine, head of TikTok Shopâs U.S. operations for small and medium businesses, in response to a question about user complaints at The Informationâs Creator Economy Summit. Read more âș
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The valuations of artificial intelligence startups, as a multiple of their projected future revenue, may be coming down from their peaks.Three months ago, we calculated such valuation multiples for eight prominent companies that sell consumer or enterprise services tied to large language models. On average, investors valued these companies at 83 times their projected salesâusually calculated as annualized revenue, or 12 times their monthly revenue at the time of the... Read more âș
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Amazonâs grab-and-go checkout system, Just Walk Out, has been a centerpiece of its ambitions to transform bricks-and-mortar supermarkets. Now Amazon is gearing up to open a new batch of grocery stores after an 18-month pauseâand itâs ditching the technology. Tony Hoggett, Amazonâs senior vice president of grocery stores, said in an interview that the next generation of Amazon Fresh stores, the commerce giantâs answer to mass-market grocery chains, will focus... Read more âș
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We got big news today from the world of enterprise software. Microsoft has decided to stop including its Teams feature, a rival to Slack and Zoom Video, by default in its Office suite of software services, at least for new customers. The software giant made this change in Europe last summer, after a regulatory inquiry in its Teams bundling practices began, and has now extended it globally. Perhaps the company... Read more âș
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After breaking the news on Friday about how Microsoft and OpenAI are drawing up plans for an ambitious data center project costing as much as $100 billion, we were bombarded with questions from people across the artificial intelligence and cloud industries: What part of the country will it be located in? What chips would it use? How would the companies acquire the nearly-unfathomable amount of power needed to run it?Our... Read more âș
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Not long after Mary Ellen Coe joined YouTube as chief business officer in late 2022, leaders at the streaming video behemoth began intensifying their questions about a team of YouTube staffers who provided support to content creators. They wanted to know if the team was worth the money YouTube was investing in it, said a person involved in these meetings. The video serviceâs business team sifted through data to see... Read more âș
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In 2020, a mania erupted around next-generation electric vehicle batteries, especially lithium-metal batteries that promised 500 miles of driving range, twice as far as most EVs could go on a charge at the time. Investors mobbed QuantumScape, a California lithium-metal battery developer, whose share price rose almost sixfold in the month following its public listing that year when it predicted, among other things, that its batteries would be powering 1... Read more âș
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Welcome, Weekenders! In this newsletter:The skinny on Kim Kardashianâs Skimsâand how it dodged retail armageddon.BeyoncĂ© water and fake Pilsner: Our top 5 favorite New Age canned beverages that thirsty VCs love, too.Plus: The perils of inheritance; a man who could save us from our sinking world; and how a football star, a preacher and an actor shaped modern America.On Thursday, billionaire Josh Kushner and his wife, Karlie Kloss, declared their... Read more âș
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âWeâre not trying to bring back Prohibitionâor judge anyone,â promised Bill Shufelt, leading me through a taste test of the fake beer from his seven-year-old Athletic Brewing, recently valued at nearly a half-billion dollars. That money has afforded some fine products: To my immense surprise, Shufeltâs brews tasted nearly identical to actual suds, and had I not been stone sober, I mightâve worried that my sense of taste had fallen... Read more âș
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Chatbots powered by artificial intelligence, like Googleâs Gemini and OpenAIâs ChatGPT, are cool to experiment with. But itâs becoming clearer by the day just how humongously expensive this kind of AI technology is to develop. Our scoop today about Microsoft drawing up plans to spend as much as $100 billion on a data center project for OpenAI over the next several years puts things in perspective. As the story said,... Read more âș
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This week's More or Less was an ode to the return of in-person business. Plus, how VCs are breaking down the Reddit IPO and more. Hope you enjoy. Apple Spotify YouTube Read more âș
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Executives at Microsoft and OpenAI have been drawing up plans for a data center project that would contain a supercomputer with millions of specialized server chips to power OpenAIâs artificial intelligence, according to three people who have been involved in the private conversations about the proposal. The project could cost as much as $100 billion, according to a person who spoke to OpenAI CEO Sam Altman about it and a... Read more âș
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When Skims co-founders Kim Kardashian and Jens Grede were recently considering where to put their very first physical store, they knew right away that New York and Los Angeles wouldnât work well. Their retail unicorn had previously held pop-up shops in those cities, and they had attracted enormous crowds that limited any chance to observe how customers actually shopped. Instead, they wanted âa store away from the major markets,â Grede... Read more âș
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My colleagues Natasha and Kate this week published The Next GPs, identifying 19 people in industry and at venture capital firms such as Accel, Andreessen Horowitz and Lightspeed Venture Partners who are likely to become general partners in coming years. As I studied the list, I was struck by the relative youth of its members. At least nine, roughly half the list, are 31 years old or younger. At just... Read more âș
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When Air Up, a maker of scented water bottles backed by PepsiCo and Ashton Kutcher, was looking to cut costs last year, it decided to stop using warehouses located in California and Ohio, and instead ship its Asia- and Europe-made products out of the border city of Reynosa, Mexico. That change will make it cheaper for Munich-based Air Up to fulfill orders for U.S. customers, largely due to lower labor... Read more âș
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Venture capital firm Accel, an early investor in the data labeling startup Scale AI, is in talks to lead a new round of funding that would raise the startupâs valuation nearly 80% to about $13 billion, people with direct knowledge of the discussions said. The investment would allow Accel to maintain a large share of a valuable startup that has gotten a boost selling services to OpenAI and other conversational... Read more âș
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02.07.2026 13:37
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