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 ›
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Shipping companies have urged international maritime regulators to create safety rules for transporting electric vehicles after a spate of fires aboard freighters carrying EVs, including one last week near the Netherlands that killed a crew member and injured seven others. In the latest accident, the 650-foot Fremantle Highway caught fire July 26 en route from Bremerhaven, Germany, to Singapore with 3,783 vehicles aboard, including 498 EVs. It took until Sunday... Read more ›
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Anybody hunting for dark signs about consumer spending will have to look somewhere other than a couple of earnings reports from e-commerce companies today. DoorDash, for example, said its food-delivery business hit all-time highs in terms of revenue, gross value of orders on its marketplace and total orders. The company said revenue jumped 33% to $2.13 billion in the second quarter compared to the year-earlier period, and DoorDash is bullish... Read more ›
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The buzzwords that executives drop during their companies’ quarterly conference calls provide a window into management’s interest at the moment, or at least what they want investors to hear. At Pinterest, executives led by CEO Bill Ready have been effusive about artificial intelligence lately—and as the chart above shows, they’ve spent much less time chatting about creators. In the digital scrapbook site’s most recent quarterly investor call, Pinterest executives mentioned... Read more ›
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Late last month, the CEO of storage and moving startup Clutter emailed some of the company’s investors to say the firm was in dire straits: Clutter, which had been valued at a reported $600 million in 2019 and garnered investments from SoftBank and Sequoia, had essentially run out of cash. To stay alive, it struck a deal to be sold for pennies on the dollar to one of its business... Read more ›
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Changpeng Zhao really wants to cut off all ties to the U.S.I scooped yesterday that Zhao pushed to shut down Binance.US, the U.S. offshoot of the global exchange Binance. The decision shows just how far Zhao is willing to go to help preserve the image of the global exchange, which is the largest in the world. A spokesperson for Binance.US declined to comment. Read more ›
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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 ›
5
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 ›
18
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 ›
0
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 ›
26
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 ›
0
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 ›
15
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 ›
17
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 ›
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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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10.04.2026 04:46
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