SeatGeek, a venture capital–backed ticketing app, may have a strong sales pitch when it starts early discussions with investors this week about a potential initial public offering led by Morgan Stanley. During recent quarters, revenue grew roughly 70% from the prior year, thanks to a boom in live concerts. While SeatGeek isn’t yet profitable, it expects to be by next year, a person familiar with the company’s financials said. But... Read more ›
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Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this year in multiple transactions at a valuation of $14 billion, 30% below the startup’s... Read more ›
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Jony Ive, the renowned designer of the iPhone, and OpenAI CEO Sam Altman have been discussing building a new AI hardware device, according to two people familiar with the conversations. SoftBank CEO and investor Masayoshi Son has been involved in at least some aspect of the conversation, according to one of these people, but it is unclear if he will remain involved. Read more ›
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Talk about anticlimactic. We’ve been expecting today’s Federal Trade Commission antitrust lawsuit against Amazon since the day commission chair Lina Khan was sworn into office in June 2021. After all, she rose to antitrust fame with her 2017 Yale Law Journal paper arguing that modern competition policy wasn’t equipped to deal with the threat Amazon posed. Yet despite the plentiful time for preparation, what we got today was a 172-page... Read more ›
0
Paris here. Yesterday, we published a story about MasterClass’ post-pandemic woes. MasterClass, like many startups, spent wildly when times were good, then got caught flatfooted when its pandemic-era gains didn’t continue. Its evolution says something about the position many creator economy darlings now find themselves in. For a while, it had seemed like MasterClass could be the poster child for a new crop of media companies. The startup, which launched... Read more ›
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The Federal Trade Commission’s lawsuit filed against Amazon in federal court in Seattle on Tuesday does not explicitly call for the break up of Amazon, but a close reading suggests that is definitely what the agency wants. The FTC argued in the lawsuit that anticompetitive practices in one business line can reinforce Amazon’s monopoly in another, in a “flywheel of anticompetitive harm,” implying the only way to prevent that could... Read more ›
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Microsoft’s push to put artificial intelligence into its software has hinged almost entirely on OpenAI, the startup Microsoft funded in exchange for the right to use its cutting-edge technology. But as the costs of running advanced AI models rise, Microsoft researchers and product teams are working on a plan B. In recent weeks, Peter Lee, who oversees Microsoft’s 1,500 researchers, directed many of them to develop conversational AI that may... Read more ›
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ChatGPT might be coming soon to a fridge or bedroom near you.On Monday, LLM developer OpenAI announced upcoming voice and image capabilities for its AI-powered chatbot. These new features will allow users to do things like asking for a dinner recipe based on the ingredients revealed by a photo of their fridge contents or requesting ChatGPT to tell a bedtime story. The announcement is also a sign of a broader... Read more ›
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The San Francisco Bay Area–based bankers at Centerview Partners, the investment bank that advised Silicon Valley Bank’s owner and Credit Suisse through recent turmoil, got two doses of bad news last week. First, they learned officially what many already suspected: The firm had fired a male banker in its San Francisco office after he made vulgar comments to a female colleague at a party following a Centerview event last month.... Read more ›
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You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS previously... Read more ›
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Let’s kick off this week with some creator economy M&A news. Beehiiv, a newsletter publishing startup, is acquiring Swapstack, an advertising marketplace for newsletters, Beehiiv’s CEO Tyler Denk confirmed to me. Beehiiv is acquiring the smaller firm’s tech and relationships with advertisers. Swapstack co-founder and CEO Jake Schonberger and a Swapstack account manager will join nearly two-year-old Beehiiv. They’ll help expand the ad network Beehiiv launched earlier this month to... Read more ›
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Looks like Amazon’s finally made its AI bet.On Monday, model developer Anthropic announced that it had raised as much as $4 billion from Amazon. As part of the deal, Amazon Web Services will become Anthropic’s primary cloud provider, and Anthropic will train and deploy its future models on AWS’ training- and inference-specialized chips, Trainium and Inferentia. What that means isn’t totally clear, however, since Google in February invested $400 million... Read more ›
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MasterClass had a problem with the shoot featuring its latest star instructor, Walt Disney Co. CEO Bob Iger. The startup was emerging as a poster child of the new media landscape, one that was bringing Hollywood-style production values and A-list celebrities to a category—online education—often associated with dry lectures and crummy camera work. For a course on business strategy and leadership that it released in late 2019, MasterClass wanted to... Read more ›
5
In 2003, General Motors killed the EV1, its first electric vehicle, and it has been branded a Luddite ever since. Gil Golan, who worked on the car as a young engineer, argues that the rap is unfair. Golan, named this month as GM’s chief technology officer and vice president of research and development, says canceling the EV1 was not a knock against technology, but simply recognition that the car had... Read more ›
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Despite Silicon Valley’s drift toward sports that require an octagon, long-distance running still ranks highly. In our recent Brain-Body Investment Survey, running was respondents’ second most time-consuming form of exercise, right after weightlifting. True to form, tech executives are applying their competitive spirit to the track, running jaw-dropping distances in far-flung locales. Here, five committed runners describe their favorite megarun in their own words. Though some of these highlights happened... Read more ›
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Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm announced last... Read more ›
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This week we were treated to not one but two big tech IPOs! Plus, two tech juggernauts—Amazon and Microsoft—held big, flashy product launch events. Through it all, The Information’s newsroom pumped out a string of scoops, analyses and meaty newsletters. Here are some highlights: Read more ›
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Late last month in Belgium, Sen. Elizabeth Warren (D-Mass.) had a pressing question for Paul Tang, a Dutch politician and member of the European Parliament. How had they done it, she asked him. How had the EU managed to bring big tech to heel? The liberal Massachusetts senator, alongside Sen. Richard Blumenthal (D-Conn.), had stopped off in Brussels on August 25 to speak with European Parliament members about a range... Read more ›
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Like all industries, Silicon Valley gets set in its ways. So I particularly enjoyed a comment from Sam pointing out the absurdity of tech hiring practices on this week's episode of More or Less. It is definitely food for thought, along with our debate about when tech companies should go public. Hope you enjoy! Spotify Apple YouTube Read more ›
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Long before men’s daily thoughts about ancient Rome became a TikTok meme, former GitHub CEO Nat Friedman’s mind was regularly turning toward the Roman Empire. In the early pandemic months of 2020, he ripped through Philip Matyszak’s “24 Hours in Ancient Rome,” a book that, by his own admission, was “written for eighth graders.” Friedman went down a Roman rabbit hole, diving into Wikipedia articles about the ruins of Pompeii... Read more ›
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01.04.2026 22:55
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