Capitol Hill may not have the best reputation when it comes to being tech-savvy. One may recall Senator Orrin Hatch’s infamous question to Meta CEO Mark Zuckerberg about how Facebook stays free (which a smirking Zuckerberg responded to with, “Senator, we run ads”).But it was a different story during yesterday’s Senate hearing on artificial intelligence regulation, which featured testimonies from Dario Amodei, CEO and cofounder of OpenAI rival Anthropic, Stuart... Read more ›
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When the public face of TikTok’s management in the U.S.—V Pappas, TikTok’s chief operating officer—announced their departure last month, it marked the biggest shake-up in the top ranks of the popular short-form video app since its CEO, Shou Zi Chew, took over the job two years ago. To people inside TikTok, though, it wasn’t a surprise. The departure of Pappas—and their replacement by Adam Presser, Chew’s former chief of staff—was... Read more ›
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Meh. June-quarter earnings out Tuesday from Alphabet, Microsoft, Snap and Spotify shouldn’t excite anyone about the state of business in tech. The digital ad market is showing what can only be called an uneven recovery, while enterprise software appears to be still struggling. Alphabet seems to have had the best quarter of the companies reporting today, with revenue growth accelerating meaningfully from the first quarter. But let’s not get too... Read more ›
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YouTube broke a streak of three straight revenue declines, which spells good news for creators who earn a portion of revenue from ads running on their videos, and indicates the broader digital advertising market is starting to recover—at least for some tech giants. Snap, on the other hand, reported that its revenue fell from last year. YouTube’s revenue rose 4% to $7.67 billion compared with last year, the first increase... Read more ›
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Apple and Goldman Sachs were in test runs before embarking publicly on one of the biggest-name partnerships ever between tech and finance. Engineers from the Silicon Valley giant and the Wall Street titan were pulling an all-nighter a few months before launch, scrambling to find a solution to a problem that had cropped up: Tim Cook couldn’t get approved for an Apple Card. Read more ›
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AI models that once took millions of dollars per month to run could soon fit into the three-by-five-inch phone in your pocket.That may be a bit of an exaggeration, but recent technological advancements have brought edge AI—a method to run AI models on devices—back into the limelight. Engineers from Carnegie Mellon University, University of Washington, Shanghai Jiao Tong University and AI startup OctoML have recently collaborated to get large language... Read more ›
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A growing number of investors are complaining about Amazon’s management, specifically a lack of transparency about how much money it’s been pouring into ambitious satellite internet and grocery initiatives and how those bets have been paying off, investors and analysts told The Information. The complaints follow five years of Amazon shares underperforming the company’s big tech peers and the broader market alike. Investors say they are hoping Amazon at the... Read more ›
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The deal business is definitely picking up—if only from troubled companies unloading stuff to raise cash. Take reports today that Lyft is looking to sell its bike-share business and that French-controlled cable firm Altice USA is contemplating ditching its Cheddar News financial news streaming channel. Both Lyft and Altice are in a bad way—as symbolized by their stocks falling 80% and 90%, respectively, over the past two years—which surely explains... Read more ›
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It’s already shaping up to be a busy week, with a parade of quarterly tech earnings and Elon Musk’s surprise announcement that he’s rebranding Twitter to X (more on that in a moment).Second-quarter results from Snap and Alphabet on Tuesday and Meta Platforms on Wednesday will give insight into the state of digital advertising. YouTube, owned by Google parent Alphabet, has reported three straight quarters of revenue declines, offering something... Read more ›
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Welcome to AI Agenda, The Information’s new newsletter that takes you inside the fast-paced world of artificial intelligence.Rapid advancements in the field have prompted companies and governments to grapple with how emerging technology such as ChatGPT and AI-generated video will shape our lives. Through it all, The Information has brought you the early news on companies, investors and techniques driving the progress.This newsletter aims to cut through the noise on... Read more ›
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Stitch Fix’s new CEO, Matt Baer, grew up in South Florida, working at his family’s chain of furniture stores. But after studying business in college, Baer went to law school and took a job with hotshot lawyer David Boies’ firm. He returned to retail when he joined e-commerce startup Fab in 2011, which started a decade of work at both e-commerce startups and bigger retailers Walmart and Macy’s. Despite those... Read more ›
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When JPMorgan Chase signed a deal last year to buy 49% of Greek payments fintech Viva Wallet for $800 million, Jamie Dimon flew to Athens to stand alongside Prime Minister Kyriakos Mitsotakis, who hailed the purchase as a “vote of confidence in the country.” The deal crowned Viva Wallet as Greece’s first tech unicorn, valued at $1.6 billion. For JPMorgan, Viva Wallet’s expertise in dealing with financial laws and compliance... Read more ›
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Sales of electric vehicles are growing at 55% a year. California and the EU have both banned the sale of new combustion vehicles after 2035. Yet in 2050 drivers will still be plying the world’s roads in up to 1 billion combustion vehicles, according to leading analysts. Combustion’s tenacity will exacerbate the extreme weather conditions experienced around the world this summer, funnel more than $1 trillion a year in revenue... Read more ›
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In May, hundreds of people queued outside an auditorium in the San Isidro district of Lima, Perú. They had to wait another two hours before the event began, with the line nearly wrapping around the block and storm clouds looming in the late evening sky. As they killed time, the crowd buzzed in anticipation: “Notion! Notion! Notion!” they chanted. The young Perúvians had gathered to celebrate their favorite workplace productivity... Read more ›
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Hi, welcome to your Weekend.You’re likely not intimately familiar with the world of John Collison, and that is mostly by design. Unlike other millennial tech titans like Sam Altman, Brian Chesky and Brian Armstrong, relatively little has been written about Collison, the intensely private, Irish-born co-founder of the $50 billion payments company Stripe.“He’s still so young,” one Stripe investor and Collison intimate told Cory for this weekend’s cover story. “This... Read more ›
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Talk about shades of “Succession.” Investor Activant Ventures, a shareholder in e-commerce software firm Bolt, made some extraordinary allegations in a lawsuit filed today against Bolt co-founder Ryan Breslow—which The Information’s Erin Woo scooped here. Most stunning was that Breslow, in a move reminiscent of Logan Roy, last spring removed three of Bolt’s five directors who wouldn’t do his bidding regarding a $30 million personal loan—guaranteed by the company—that he... Read more ›
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There was a moment in this week's episode that made me realize (yet again) that we are in interesting and important times. It was when Sam said, "It's not typical that you see VCs write down an investment in the same quarter they made it." He was talking about struggling AI startups, a big topic this week, along with the Hollywood strike and Threads. I hope you enjoy. Spotify Apple... Read more ›
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When Chris Messina joined Google back in 2010 as a user experience designer, he was placed within a team devoted to making Google+, the company’s big bet in social media, a success. The network, launched in 2011, was designed to bring Google’s might to the world of social media and supplant some of the big beasts of the time, including Facebook and Twitter. Rather than change the world, Google+ became... Read more ›
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Visitors to the Abbey Leix estate in County Laois, Ireland, must drive on an unkempt gravel road that leads through a thick forest and past a derelict corn mill to get to the giant old house in the country’s midlands. Stephen Kinsella, an Irish economist, made the journey last May at the invitation of a friend who had recently purchased the 1,120-acre estate for more than $15 million, with plans... Read more ›
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Welcome back!On Thursday, we published results from our monthly subscriber survey, revealing a sunnier outlook for the technology industry among readers of The Information.Nearly half of respondents—47%—said conditions for technology companies would improve over the next six months, while about a fifth—19%—said they would worsen. In June, pessimists slightly outnumbered optimists, with 31% saying conditions would improve and 36% saying they would worsen. Read more ›
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04.04.2026 12:53
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