Disney CEO Robert Iger surprised investors recently when he revealed that the company’s traditional television business, including the ABC network and ESPN, “may not be core” to its future. Selling the linear networks would leave Disney’s future primarily in its parks and direct-to-consumer businesses. The irony is that this sounds a lot like the vision of former Disney CEO Bob Chapek, who was ousted last fall in favor of Iger’s... Read more ›
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The rise of artificial intelligence that can understand or mimic language has upended the power balance in enterprise software this year. Some executives have become more powerful, others have become less relevant, and a new cohort of company operators and investors is suddenly pulling the strings as customers incorporate the new AI software. There are four new faces among the top 10 executives. And the top dog from last year,... Read more ›
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Thousands of machine learning researchers, founders and venture capitalists flooded the sandy beaches of Oahu last week for the International Conference on Machine Learning. Notable attendees included John Schulman, an OpenAI co-founder and head of its reinforcement learning team; OpenAI researcher Noam Brown, known for creating the first AI to achieve human-level performance in the strategy game Diplomacy; and Paige Bailey, a lead product manager at Google DeepMind. Conference-goers attended... Read more ›
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For the past year, Microsoft has been racing to add capacity to its Azure cloud computing platform, especially for customers seeking to train and run artificial intelligence applications. Now the cost of that effort is becoming visible. Microsoft’s capital expenditures—primarily purchases of hardware and software—in the second quarter exceeded $10.7 billion, up 23% from the same quarter a year earlier and the highest quarterly capex in the company’s history. Chief... Read more ›
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Uber shareholders kicked the ride-hailing giant in the shins today for what some may have considered lackluster revenue growth. They ought to be celebrating! Finally, at long last, Uber’s operations are profitable.The company this morning said it generated $9.23 billion in revenue in the second quarter, a little more than $100 million less than what analysts were expecting, according to S&P Global Market Intelligence. That drove the stock down nearly... Read more ›
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Binance founder and CEO Changpeng Zhao attempted to shut down the crypto exchange’s U.S. offshoot earlier this year, showing how far he was willing to go in order to protect the much larger global exchange amid mounting regulatory scrutiny, two people familiar with the matter told The Information. The Binance.US board of directors, for which Zhao serves as chair, held a vote on whether to liquidate the company, which had... Read more ›
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Sales at Black-owned businesses fell 51% in January 2022 vs. a year earlier, undoing some gains made by Black entrepreneurs after George Floyd’s murder in 2020 sparked national discussions about institutional racism. Jordyn Weaver sees an opportunity to boost Black-owned businesses again with the launch of her new Atlanta-based startup Forefront. It provides an affiliate marketplace matching creators with Black-owned brands. Through the service, which officially launched on Tuesday, these... Read more ›
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The Hollywood labor strikes have proven a boon for YouTube, with Google’s video-streaming service luring television ad buyers who are worried about committing to traditional TV ads while actors and writers remain on the picket lines. That, combined with YouTube’s push into live sports with National Football League games starting in September and growing usage of YouTube on TV sets, is prompting a dramatic reshuffling of TV ad spending this... Read more ›
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When Axios on Monday reported on Google’s plan to revamp Assistant—its voice assistant that competes with Apple’s Siri—with technology based on large language models, it got us thinking about a trillion-dollar question that has consumed the tech industry for months. Which software companies will benefit most from the LLM boom: upstart LLM providers like OpenAI and the firms that are chasing it; tech giants like Google, Meta Platforms and Microsoft... Read more ›
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Reed Jobs, son of late Apple co-founder Steve Jobs and his spouse, philanthropist Laurene Powell Jobs, is leaving his mother’s Emerson Collective to start his own venture capital fund, according to a person with direct knowledge. The 31-year-old Reed Jobs is planning to raise $400 million for the fund he’s calling Yosemite Fund 1, according to a securities filing. The fund will focus on healthcare, Jobs’ specialty at Emerson, and... Read more ›
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Plaid is at a crossroads. The financial technology company has been pushing new services and inking deals with companies such as automakers as it attempts to diversify beyond its business of selling software that connects consumers’ bank accounts to financial services firms like Robinhood and Venmo. Its current structure, mapped out in The Information’s new organizational chart highlighting 56 executives and managers, reflects its evolving priorities. Reporting to co-founder and... Read more ›
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For those of you still mourning the end of “Succession,” you’re in luck—a new season just unexpectedly dropped. This time, though, it will be presented by Walt Disney, not HBO, in the form of an arrangement in which two onetime Disney heir apparents, Kevin Mayer and Tom Staggs, have returned as advisers to CEO Bob Iger. Officially, Iger—who himself came back to run Disney last November—brought Mayer and Staggs on... Read more ›
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New data shows just how important Twitch’s top streamers are to the livestreaming service. Last month, 10,000 Twitch streamers made up 76% of the hours users watched on the platform, according to Rainmaker.gg, the analytics partner of StreamElements, a creator tools and sponsorships startup. These creators represent just 0.5% of the 2 billion total streamers on the platform, according to Rainmaker, which tracks livestreaming data across Twitch, YouTube and Facebook.... Read more ›
0
Coatue Management has raised $331 million for its third fund focused on early-stage startups, according to a financial filing, a third less than its target and a previous early-stage fund. The smaller than anticipated total shows how the firms that raised huge funds during the pandemic investing boom are falling short of their fundraising goals, taking longer to reach them or choosing to raise smaller funds as valuations for private... Read more ›
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The artificial intelligence boom has resulted in an explosion of new startups and new products. All of these companies need funding, but the venture capital landscape has become more lean and focused. With the proliferation of so many new companies, how do venture capitalists decide where to put their money? In a live panel discussion held in partnership with Mercury, Amir Efrati of The Information discussed AI investments with three... Read more ›
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Amazon Web Services, the king of renting cloud servers, is facing an unusually large amount of pressure. Its growth and enviable profit margins have been dropping, Microsoft and Google have moved faster—or opened their wallets—to capture more business from artificial intelligence developers (TBD on whether it will amount to much), and Nvidia is propping up more cloud-provider startups than we can keep track of.It’s no wonder AWS CEO Adam Selipsky... Read more ›
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Nvidia plays favorites with its newest, much-sought-after chips for artificial intelligence, steering them to small cloud providers who compete with the likes of Amazon Web Services and Google. Now Nvidia is also asking some of those small cloud providers for the names of their customers—and getting them—according to two people with direct knowledge. It's reasonable that Nvidia would want to know who’s using its chips. But the unusual move also... Read more ›
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China dominates the electric vehicle, battery and critical metals industries. In recent weeks, though, policymakers in other countries have begun to push back: In Australia, regulators blocked Chinese investment in a lithium mine; in India, officials rejected a factory proposed by the largest Chinese EV maker; and in the U.S. Congress, Republicans challenged a partnership between Ford and China’s largest battery company.The resistance to China is not everywhere—Brazil, Thailand and... Read more ›
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Hi, welcome to your Weekend.What’s that I hear? It’s the sound of thousands of techies in the Bay Area calling in favors and taking out second mortgages to score tickets to Taylor Swift’s concert at Levi’s Stadium last night and tonight in Santa Clara. If you succeeded, congratulations! Speaking of Taylor, I stumbled across a fascinating post this week by a Microsoft employee on Blind, the anonymous commenting app that... Read more ›
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Enough with the chatter about Elon Musk and Mark Zuckerberg. Let’s talk about ordinary people for a second. If you’re in that group (and let’s face it, we can’t all be billionaires), then you may be aware that nowadays you’re spending more on broadband than you might have a few years ago. In fact, we may all find we’re spending more and more over time. The firms that provide high-speed... Read more ›
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04.04.2026 10:43
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