Near the corner of Sixth and Market streets in downtown San Francisco, Frontier Tower has become a 15-story haven for the wildest and weirdest thinkers in technology. Floor 11 is full of longevity and health tech enthusiasts. The crypto folks are a floor above, with a lounge full of expensive furniture. AI is on floor 9. And the big event there this weekend is down on floor 8, where a... Read more âș
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With AI technology progressing, itâs getting increasingly difficult to tell what content is real and whatâs not. While many deepfakes are for entertainment purposes, more and more of them are being used to defraud people or influence elections. In partnership with Comcast NBCUniversal LIFT Labs, The Informationâs Margaux MacColl sat down to discuss misinformation and deepfakes with three experts: Ben Colman: Comcast NBCUniversal LIFT Labs Accelerator Alum & co-founder and... Read more âș
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Historically (and much to the dismay of people born in May and June), the word âGeminiâ has been associated with being âtwo-facedâ or having dual personalities.  So itâs somewhat fitting, then, that Googleâs upcoming collection of large machine-learning models using that name was borne out of the forced marriage of two AI teams, Google Brain and DeepMind, with diverging and sometimes conflicting philosophies and histories.The Gemini models, which The Information... Read more âș
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In April, Alphabet CEO Sundar Pichai took an unusual step: merging two large artificial intelligence teamsâwith distinct cultures and codeâto catch up to and surpass OpenAI and other rivals. Now the test of that effort is coming, with hundreds of people scrambling to release a group of large machine-learning modelsâone of the highest-stakes products the company has ever builtâthis fall. The models, collectively known as Gemini, are expected to give... Read more âș
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When CMC Capital, a Shanghai-based venture capital and private equity firm, started raising a new fund from global investors in 2021, its target size of more than $1 billion didnât seem ambitious. The amount was only a tad more than the firmâs previous fund of $950 million. And CMCâs founder, Li Ruigang, is a well-known media mogul, sometimes referred to as Chinaâs Rupert Murdoch, who has a stake in the... Read more âș
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Venture-backed consumer lending startups are starting to fold their cards. Happy Money, an online lending startup formerly known as Payoff, is in talks to sell itself, according to a person with direct knowledge of the matter. The Torrance, Calif.-based company, valued at $1.1 billion in a private financing announced in February last year, has held sale discussions with at least one financial institution, the person said. And Sable, a Y... Read more âș
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One of the more fun business stories of recent weeks was the pressure campaign waged by an activist investor againstâwait for itâCarl Icahn, an activism icon for decades! Few other activists run public companies, as Icahn does, so weâre unlikely to see something like this repeated. But it is a good reminder that activists, who like to point out where CEOs go wrong, arenât exactly infallible. One common activist shortcoming... Read more âș
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Asset manager Yieldstreet is near a deal to buy Cadre, a once-promising real estate investment firm whose value has fallen sharply in recent years, said people familiar with the situation. If the two sides finalize an agreement, it would be the latest sign that mergers and acquisitions activity among troubled startups is beginning to pick up as founders accept that valuations are not likely to recover. Cadre shareholders are expected... Read more âș
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Creatorsâ success on social media often has a limited shelf life. They need to generate a constant stream of new content, keep up with frequent changes on social platforms and deal with inconsistent income. So many are starting offline brands to expand their businesses and find new ways to connect with their fans. Take Cassey Ho, 36, who started her career on YouTube in 2009 posting Pilates videos and eventually... Read more âș
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You know those horror stories of people who leave a faucet running in their house while on vacation for a week, returning to a flooded residence? That kind of thing is happening in AI.Edo Liberty, founder of Pinecone, a buzzy infrastructure startup which helps developers build AI applications using their own data, says he heard about an intern at a company who accidentally spent half a million dollars worth of... Read more âș
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Early this year, as the interest costs from the $13 billion in loans Elon Musk took out to buy Twitter began weighing on his pocketbook, the billionaire turned for help to a longtime trusted partner. The investor, Antonio Gracias, head of Valor Equity Partners, got involved early in Muskâs effort last year to acquire Twitter, helping him line up financing. Ever since the deal closed last October, Valorâs team has... Read more âș
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On Aug. 2 in Tokyo, Toyota unveiled the first hybrid electric Land Cruiser, a refreshed version of a large SUV previously known for its off-road muscle-bound chops, now containing both a gasoline engine and a small electric motor. Toyota, which had pulled the Land Cruiser from its U.S. lineup in 2021 after Americans began to balk at its $85,000 base price, said the hybrid would cost around $55,000, and that... Read more âș
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Heads up, Weekenders: The Information is asking subscribers how much time and money they spend on their various fitness and wellness routines. Please fill out our completely anonymous Brain-Body Investment survey (done in five minutes, tops), and we'll share the results soon. Thanks for participating! Hi, welcome to your Weekend.This week weâve got a pair of richly reported features about two fascinating women in tech: Alphabetâs venerated Chief Financial Officer... Read more âș
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In February, after Alphabet had put the finishing touches on the technology giantâs 2023 plan, CEO Sundar Pichai and Chief Financial Officer Ruth Porat sat down to brainstorm about the future of the organization and its people. One of the people the two discussed was Porat herself, according to sources familiar with the conversation. The topic: Poratâs desire for a change in role. After eight years at Alphabet, 65-year-old Porat... Read more âș
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These must be lonely times for iPhone haters. Appleâs share of the mobile market has been growing, according to IDC, which has insulated the company a little from the shrinkage in the smartphone market. (Those damn iPhones are just so easy to use!) As the 2.4% iPhone sales decline in its recently reported June-quarter results showed, though, Apple isnât entirely immune. Analysts expect the company to finish the fiscal year,... Read more âș
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Modular, a startup whose software aims to loosen Nvidiaâs chokehold over in-demand artificial intelligence chips, has been in talks with investors including General Catalyst to raise Series A funding that would value it at roughly $600 million, according to two people with knowledge of the deal discussions. The new capital would come less than two years after two Google and Apple alumni co-founded the startup and only three months after... Read more âș
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For all the ways sports gambling has infiltrated American life since the Supreme Court legalized the industry five years ago, there was one area where betting still did not exist: within actual sports broadcasts. Bettors couldnât watch a game on Fox or ESPN and point their remote at an on-screen button to place a wager. But all that is about to change. Tappp, a New Yorkâbased payments processor, has been... Read more âș
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It is not, shall we say, boom times in the media business. Even ESPNâthe crown jewel, cash cow, you name itâof the business is on shaky ground. And it is freaking peopleâat least media peopleâout. So I had to ask the squad what they think? What saves live sports coverage? That, a snazzy new video introduction from Wizard Genius Productions, and more on this weekâs episode. Hope you enjoy! Spotify... Read more âș
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On November 16, 2022, Silicon Valley came to Washingtonâspecifically, to the airy, upscale Italian restaurant Piccolina da Centrolina, where the eveningâs co-host, Andreessen Horowitz general partner Katherine Boyle, was waiting. It was the night before Andreessenâs American Dynamism summit, and Boyle had helped convene around 30 founders, investors and politicians for cocktails, dinner and light conversation about rising tension with China and the valley of death. Attendees at the dinner,... Read more âș
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Welcome back!Akash hereâif youâre an avid reader of The Informationâs newsletters, you might recognize me from The Briefing and Crypto Global. Now Iâll also be writing our Pro newsletter more frequently. I look forward to diving into our databases with you! Letâs talk about the matrix. No, not âThe Matrixâârather, Adobeâs matrix.My colleague Kalley published an org chart earlier this week outlining the 64 people with power at Adobe. Artificial... Read more âș
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Some Databricks employees and executives sitting on valuable stock options in the decade-old startup are considering going to extraordinary lengths to turn their private stakes into $30 million in cash. Investors say they have discussed a deal that would lend the employees money in exchange for a share in the proceeds of their stock if the enterprise software startup, valued at more than $30 billion, goes public. The deal, which... Read more âș
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10.04.2026 03:07
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