Newsletter publishers are having a moment again. Beehiiv, a four-year-old competitor to the larger and older Substack, is on pace to double its total revenue this year, to $30 million, CEO and co-founder Tyler Denk told my colleague Akash Pasricha on Tuesday during an interview on TITV, The Informationâs new daily streaming show. Investors valued Beehiiv at $225 million last year, and Denk hopes the startup can get to profitability... Read more âș
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Initial public offerings are generating buzz again, and share prices of tech listings have doubled on average this year. The Nasdaq has been at an all-time high, todayâs big-tech stock sell-off notwithstanding. And Chamath Palihapitiya is raising money for a special purpose acquisition company. Are we about to hit a speculative IPO and SPAC frenzy reminiscent of 2021? Itâs starting to feel like it, at least for companies in crypto... Read more âș
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Tether, the biggest stablecoin issuer, said it has hired Bo Hines, the former White House crypto executive director, to advise the company on its U.S. strategy and expansion. Hines, 29, announced his surprise resignation from the White House on Aug.9 to return to the private sector. A deputy of ... Read more âș
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Smart mattress-topper firm Eight Sleep said it had raised $100 million in a series D funding round, from investors including HSG, Valor Equity Partners, Founders Fund, and Y Combinator. It brings to $250 million the decade-old company has raised. The new funding will allow the company to ... Read more âș
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Payroll startup Deel has cinched a victory in a case linked to its larger battle with Rippling. A judge in Florida on Monday dismissed a case that was filed earlier this year against Deel. The action was filed by a court-appointed receiver to a Ponzi operation that the Securities and Exchange ... Read more âș
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Databricks, an artificial intelligence and database provider, said it is raising an undisclosed amount of new funding at a valuation of more than $100 billion, up at least 60% from a financing in December. The 12-year-old firm reached $3.7 billion in annualized revenue in July, up 50% from the ... Read more âș
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Job seekers are increasingly running into employers using artificial intelligence-powered job interviewers, and the process has garnered backlash and in some cases sparked lawsuits from spurned candidates. But AI interviewers might actually increase candidatesâ chances of getting hired.A new research study published this week from the University of Chicago and the University of Rotterdam suggests that AI agents may actually be more effective than human interviewers when it comes to... Read more âș
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The Trump family has partnered with a father-son duo with a history of run-ins with financial regulators for a deal to sell $1.5 billion of its crypto tokens. A biotech turned crypto company called Alt5 Sigma will sell $1.5 billion of stock and use the money to buy the crypto token created by World Liberty Financial, founded by Donald Trump Jr. and his brother, Eric. Read more âș
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Automating customer service has been among the most popular applications of artificial intelligence models, and investors have pumped about $1 billion into six key startups developing them. Now, a seventh is throwing its hat into the ring.San Francisco-based startup Pylon has raised $31 million in a fundraise co-led by Andreessen Horowitz and Bain Capital Ventures at a valuation in the hundreds of millions of dollars, according to a person with... Read more âș
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Signs that OpenAI and other artificial intelligence firms are generating ever-increasing revenues are getting attentionâfrom news publishers who want to get their piece of the action. Publishers that have struck deals to license their content to AI firms for training large language models are now discussing internallyâand in at least one case, with AI firmsâwhether they can get paid based on how often AI businesses use their content in answers... Read more âș
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OpenAI has launched a special subscription tier for Indian users for 399 rupees ($4.60) a month, confirming The Informationâs earlier reporting. The new tier, called ChatGPT Go, gives Indian users higher message limits, image generations, uploads and memory, OpenAI Chief Product Officer Kevin ... Read more âș
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SoftBank plans to buy $2 billion of Intel stock, the companies announced on Monday, just as the Trump administration is considering taking a roughly 10% stake in the beleaguered chip giant, worth around $10.5 billion. Intel shares rose 5% in after-hours trading following the SoftBank ... Read more âș
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Talk about symbolism. Foxconn chair Young Liu said today that the electronics manufacturer was selling its Lordstown, Ohio, electric vehicle factory to SoftBank, which will use it to make artificial intelligence computer servers. Itâs the latest example of how AI is supplanting other newish technologies. (Notably, the Lordstown factory, which Foxconn bought in 2022 from Lordstown Motors, was originally a General Motors plant making Chevys and Pontiacs, as columnist Steve... Read more âș
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When Nvidia wanted to show off software for developing artificial intelligence at its flagship customer conference in March, it brought out a Star Warsâinspired robot that bobbed its head as Nvidia CEO Jensen Huang talked to it. âStand right here,â said Huang, pointing to his side, and the knee-high robot waddled to the spot, receiving cheers and applause from the audience. What Huang didnât say was that âa puppeteer behind... Read more âș
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Google is increasing its stake in TeraWulf, a bitcoin miner that is pivoting to artificial intelligence data centers. Google had already agreed to help finance a TeraWulf data center in New York as a âbackstop.â TeraWulf said Monday that cloud computing startup Fluidstack agreed to run the ... Read more âș
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The Trump administration is considering taking a roughly 10% stake in Intel, a move that could make the US government the troubled chipmakerâs largest shareholder, Bloomberg reported Monday. A 10% stake would be worth about $10.5 billion at Intelâs current market value. The potential deal could ... Read more âș
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BNY and Goldman Sachs are aiming to manage reserve assets for stablecoin issuers, the latest move by banks to serve the sector following the passage last month of U.S. stablecoin legislation. BNY filed on Monday seeking SEC approval to launch a fund, called âBNY Dreyfus Stablecoin Reserve Funds, ... Read more âș
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The MSNBC cable news channel will change its name to MS NOW later this year, following Comcastâs planned spinoff of most of its cable TV networks into a new company called Versant. MS NOW is an acronym for âMy Source News Opinion World,â the company said in its announcement. MSNBC was formed in ... Read more âș
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Software-focused buyout firm Thoma Bravo is in talks to buy HR software provider Dayforce, Bloomberg reported Sunday. Shares of Dayforce jumped 26% on the news. Dayforce stock has tumbled for more than 25% over the past 6 months and had a market value of about $8.4 billion before Bloomberg ... Read more âș
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Chinese developers of artificial intelligence software have already pulled ahead in domains like open-source and video generation. Now, one such developer is trying their hand at making AI models that can generate realistic worlds that users can explore, like immersive video games.ByteDance, TikTokâs parent company, is developing such an AI, according to four people with knowledge of the matter. The Chinese tech giant is following the footsteps of Google and... Read more âș
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02.11.2025 09:54
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