Welcome, Weekenders! In this newsletter:ā¢ The Big Read: How a Chinese megabillionaire became the Jensen Huang of batteries.Ā ā¢ Style andĀ Shopping: Tech invaded Cannes. Then we went shopping.ā¢ Plus, Recommendationsāour weekly pop culture picks: āLong Buried,ā āHow to Not Die in Prisonā and āDust BunnyāOn 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 āŗ
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Perhaps no company has benefited more from the artificial intelligence boom than chipmaker Nvidia. Since OpenAI released its blockbuster ChatGPT chatbot in late 2022, Nvidiaās quarterly revenue has tripled and its stock price has nearly quadrupled, as startups and big tech companies alike have fought over access to its chips, which are considered ideal for training and running advanced AI models. That success has attracted a growing number of startups... Read more āŗ
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When TikTok creators start a livestream to chat about their new favorite hairbrush, dog toy or cleaning product, theyāre usually doing so from a setup in their own home. Soon some may be broadcasting from a company-operated studio in Los Angeles. The short-video app is planning to open several locations in cities including LA where creators can livestream and sell products, according to three people familiar with the project. Each... Read more āŗ
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One of the foundational academic works business students read and discuss is George Akerlofās 1970 paper, āThe Market for āLemons.āā Akerlof, a Nobel Prize winner, described a problem in the used car market: Buyers have less information about the quality of the car than sellers do. They canāt see the defects in low-quality used cars, or ālemons.ā This leads the buyer to assume all used cars are of roughly average... Read more āŗ
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Alphabet, the parent company of Google, is cutting back its commitment to ambitious moonshot projects. Company executives have told staffers at the X unit, which converts promising investment projects into full-fledged subsidiaries, known as Other Bets, that no such conversions will happen this year, said a person familiar with the situation. At the same time, executives have told staffers that projects within X that might have turned into full subsidiaries... Read more āŗ
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In case you missed it, we just started selling early bird tickets to our fourth annual Creator Economy Summit, taking place on April 2 in Los Angeles!Our event is coming at a time when the creator economy is entering a new era. Many startups are struggling to raise fresh venture funding, forcing them to seek buyers, pivot or even consider shutting down. But while investor appetite has soured, there are... Read more āŗ
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As officials from Lina Khanās Federal Trade Commission scrutinize the role that cloud providers play in OpenAI and Anthropic, one thing they should recognize quickly is that the two startupsā relationships with their big cloud-shareholders are not the same. Anthropic has a lot more independence from its shareholders than OpenAI.Ā For instance, Microsoft has access to the weights of OpenAIās GPT-4 model, which means that they could recreate much of... Read more āŗ
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If you want to understand how Microsoftās embrace of artificial intelligence is driving growth in its business, take a look at GitHub, a business it bought a few years ago that stores code for software developers around the world. Itās no secret that developers have flocked to GitHub Copilot, an AI-powered coding assistant Microsoft developed with OpenAI. But Microsoft is making strides toward its bigger goal: convincing those customers to... Read more āŗ
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Charlotte, N.C.-based Albemarle, the worldās largest lithium producer, has laid off more than 300 employees in its U.S. and global operations as the lithium industry navigates an 81% drop in prices for the central metal in the manufacture of electric vehicle batteries, according to people familiar with the matter. The layoff amounts to 4% of the companyās global workforce. Read more āŗ
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Welcome to your Weekend!Let me introduceāwell, reintroduceāmyself. Iām Abram Brown, the new editor of Weekend, the magazine youāve got in front of you. This issue marks my return to The Information after earlier tenures as a Weekend staff editor and senior reporter. In coming weekends, youāll notice some changes to Weekend, but its raison dāĆŖtre remains the same: to present you with the foremost chronicle of tech, media and financeāand... Read more āŗ
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How does Bill Gates wield his influence? Will artificial intelligence kill us all? Why doesnāt the creator economy function better? The answers to all these questions and more fill the pages of the books weāre most excited about this year. As much as they have a common theme, several express a sense of āennui with technology,ā as Kyle Chayka, the author of one pick, understatedly put it to us. Read more āŗ
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When it comes to drama, Netflix has turned out to be a disappointment, at least for reporters. In the annals of tech CEO successions, Reed Hastingsā handoff of the reins to the duo of Ted Sarandos and Greg Peters seems to have gone about as smoothly as possible. In the year since Hastings kicked himself upstairs, Netflix stock has soared 67%. Worries about its slowing growth have (to some extent)... Read more āŗ
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It's been a bleak week. From the blood bath in the news industry to further job cuts throughout tech, 2024 is off to a brutal start. Unless you're Netflix. Plus, why we're so into football,Ā pop culture and peptides at the moment. That and more on this week's More or Less. Apple Spotify YouTube Read more āŗ
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Flexport plans to lay off nearly 20% of its workforce in the coming weeks, representing several hundred roles, according to people familiar with the matter. It would mark the SoftBank-backed logistics startupās third major round of cuts in just over a year. Flexport is planning the cuts even after it raised $260 million from Shopify earlier this month. The company had approximately 2,600 employees after it cut another 20% of... Read more āŗ
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Up nearly 9,000 feet in the Utah sky, the yurt-shaped lodge atop Powder Mountain offered an expansive vista when I arrived in mid-January, showing dozens of icy peaks stretching across four states. A blizzard had just dumped several feet of snow across the 10,000-acre luxury ski resort, worsening travel on the mountainās infamously steep roads. As a matter of fact, the storm had prompted a warning from the mogul who... Read more āŗ
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Earlier this week, I reported one finding from combing through details of the 123 companies in our Generative AI Database: Only four of the 96 U.S.-based startupsāincluding two of the best known, OpenAI and Anthropicāare structured as nonprofits or for-profit benefit corporations.My dive through the database also revealed other insights, including a recent surge of generative artificial intelligence companies based in Europe. Overall, Europe is not well represented in the... Read more āŗ
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For some venture capitalābacked cybersecurity startups, the slow-moving gears of initial public offerings are starting to turn. Snyk, an Accel Partnersābacked startup that sells security tools for developers, valued at $7.4 billion in 2022, has been drafting its IPO investor prospectus and could file it confidentially with regulators in the next few months, a person familiar with the matter said. Meanwhile, Cato Networks, a SoftBank-backed Israeli startup that sells network... Read more āŗ
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In the classic Akira Kurosawa movie āRashomon,ā four witnesses to a murder describe the event in four conflicting ways. Watching that movie would have been good preparation for the contradictory narratives that greeted Appleās seemingly momentous news today about changes to its app policies in Europe.Ā Ā Ā Apple outlined those changes in a news release and a long set of posts for developers. It will make the shifts in March to... Read more āŗ
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Apple appeared to drop a bombshell Thursday morning in saying it would comply with a new European law by offering to lower its App Store commissions to 20% from 30% and dropping other longtime restrictions, including its prohibition on alternative app stores. Apple also opened up the iPhone chip used for Apple Pay to banks and other developers to launch contactless payments at cash registers. At the same time, though,... Read more āŗ
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TikTokās efforts to make inroads with Hollywood include bringing a dozen top movie-focused creators to the Sundance Film Festival, which is currently taking place in Park City, Utah. If that sounds familiar to you, thatās because YouTube did this at Sundance for several years last decade, when it, too, was heavily focused on making inroads into the traditional entertainment industry.TikTok creators including Joe Aragon (1 million followers on TikTok) and... Read more āŗ
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This week made it clear that venture capitalists have given up on the idea that theyāll make their career finding the next hit consumer marketplace, retail brand or media company.We reported that the core consumer team at Andreessen Horowitz, a firm known for bets on Pinterest, Instacart and Airbnb, has dissolved. Connie Chan, a longtime consumer general partner at the firm, said she was leaving the firm. She was the... Read more āŗ
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04.07.2026 12:12
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