As funding for startups outside artificial intelligence has dried up, more founders have contemplated takeover offers. But such deals can sour if the founders agree to an all-stock deal—and the acquiring business doesn’t live up to its promises.That’s essentially the situation the shareholders of venture-backed Canadian startup Kabo allege they’re in, a little over a year after selling the company, which sells pet food directly to consumers. Read more ›
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TikTok parent company ByteDance increased the share price in its latest employee buyback, an increase that’s in line with secondary market trades that have lifted its valuation close to $230 billion. The company offered to buy back shares from current employees at about $181 a share, and about ... Read more ›
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Two commissioners at the U.S. Consumer Product Safety Commission, the country’s top consumer products watchdog, called for an investigation of Shein, Temu and other foreign-owned e-commerce sites to better understand how the platforms work and whether they’re complying with U.S. safety ... Read more ›
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For years, creatine was best known as a supplement for hardcore gym enthusiasts looking to get a workout boost. More recently, popular podcasters and health and fitness influencers like Joe Rogan and Andrew Huberman have been touting other purported health benefits of creatine, like better cognitive function and sleep.One supplement startup, Create, is benefitting from creatine’s broader social media popularity. Create recently raised $5 million in Series A funding from... Read more ›
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Paul Graham’s essay on founder mode captured the imagination of Silicon Valley this weekend by clearly articulating the magic we witness in many founder-driven companies. As someone who spent a decade working under a generational founder at Meta Platforms and now sits on the board of two founder-led companies (Shopify and OpenAI), I wholeheartedly agree that we need to understand what makes founder mode so special. However, assuming that only... Read more ›
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ByteDance has increased its share price in its latest employee buyback, an increase that's in line with secondary market trades that have lifted its valuation close to $230 billion. The TikTok parent set the price for an upcoming employee share buyback at about $181 a share, while it will offer former employees about $154 a share, according to a notice sent to current and former employees. In March, ByteDance offered... Read more ›
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The Redstone family’s recent decision to sell Paramount Global, as well as Warner Bros. Discovery’s loss of NBA broadcasting rights, reflect the perilous state of traditional TV companies, mostly due to the slow decline of the hugely lucrative cable TV machine. Of the traditional TV firms, Disney may be best positioned to survive the coming shakeout, judging by its strength in video-streaming advertising, which is emerging as the most important... Read more ›
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Developers of artificial intelligence say they need bigger and bigger data centers to concentrate processing power so that it produces better versions of the technology.The companies are notoriously secretive about the details of those plans, though, which is why we just published an AI Data Center Database that lists some of the biggest existing and upcoming data centers—which we also call supercomputers or AI chip clusters—as the race among half... Read more ›
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The biggest developers of artificial intelligence closely guard their state-of-the-art technology, but they’re arguably even more secretive about the specialized data centers needed to develop it. The Information is lifting the veil on existing and planned AI data centers, sometimes known as supercomputers or AI chip clusters, in a first-of-its-kind database. The accompanying map lists 17 supercomputing data centers in seven U.S. states that are in operation or planned by... Read more ›
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ByteDance, TikTok’s parent company, is in talks with banks to arrange a $9.5 billion loan, mainly to refinance existing debt on favorable terms, according to two people with knowledge of the matter. This is part of the Chinese tech giant’s long-term financing strategy. While ... Read more ›
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Disney pulled its TV networks, including ABC and ESPN, from satellite TV firm DirecTV over the weekend after the two companies failed to reach a new agreement on terms. In a statement, DirecTV said “Disney is again taking an anti-consumer approach, demanding that customers from DIRECTV and ... Read more ›
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Intel is considering selling its Altera chip unit, Reuters reported, as part of a broader review of restructuring options underway at the struggling chip company. On Friday, Bloomberg reported that Intel was considering dividing its product design from its manufacturing operations. The news sent ... Read more ›
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Fidelity has cut its valuation on X Holdings, formerly known as Twitter, by another 4%, securities filings showed on Friday. The latest cut, taken for July, means that Fidelity has slashed the value of its stake in X by 72% since Elon Musk bought the social media app in October, 2022. The ... Read more ›
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Coatue Management founder Philippe Laffont has left the board of ByteDance, the parent of TikTok, according to the company’s website. At the same time, ByteDance has added a new director, French telecom billionaire Xavier Niel. Laffont’s departure follows The Information’s report last week that Coatue was considering selling a portion of its multibillion-dollar stake in ByteDance. It isn’t known whether Coatue, a New York investment firm, has sold any shares... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: A videogame that fuels fake wars• HBO’s surprise Sunday night wager—and what else we’re watching this fallPlus: A deepfake music video; Apple’s little-loved masterpiece; and the moment when Silicon Valley saved the military. Oh! Look who’s back in our lives: Nate Silver, the iconoclastic statistician and media mogul founder of FiveThirtyEight. Quick, Nate, give us the odds on Harris-Trump. “Right now, the... Read more ›
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Konrad Kay and Mickey Down were out at a party near the end of 2023 when they received word from HBO that their show, “Industry,” would move from its home on Monday evenings to the television industry’s premier time slot: 9 p.m. on Sunday, a position HBO had previously given to the likes of “Succession,” “Game of Thrones” and “The Sopranos.” At that point, they had already finished filming the... Read more ›
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Amazon has hired the founders of the industrial robotics company Covariant, the e-commerce giant announced in a blog post on Friday. The deal follows a trio of other acqui-hires, including Microsoft’s acquisition of artificial intelligence company Inflection’s founders and most of ... Read more ›
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Brazil blocked short-form social app X, formerly known as Twitter, on Friday after owner Elon Musk didn’t comply with a Brazilian judge’s order to suspend some accounts on the platform. Brazilian Supreme Court justice Alexandre de Moraes told internet providers in the country to restrict access ... Read more ›
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The constantly humming AI-news machine revved up a notch this week, what with Nvidia’s earnings report, news about OpenAI’s fundraising and the first ever data about how many people are using Meta AI. But potentially the biggest development was the passage in the California legislature of SB 1047, aimed at addressing the risks of AI. It has sparked enormous debate within the industry, which is sure to intensify in the... Read more ›
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A California bill that could penalize the makers of large artificial intelligence models if they’re found to cause harm is headed to California Gov. Gavin Newsom, where its outcome is uncertain. “I do not know what the governor will do,” said Scott Wiener, the state senator from San Francisco who authored SB 1047, in a broadcast interview with The Information Friday morning. Uncertainty about Newsom’s decision has given developers, venture... Read more ›
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Most popular sources
Business Insider
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31% 6 |
Eurogamer.net
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10% 5 |
Tom's Hardware
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9% 0 |
Gizmodo
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8% 1 |
CNET
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7% 2 |
| View sources » | |
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25.11.2024 08:35
Last update: 08:31 EDT.
News rating updated: 15:30.
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