Before we get into today’s column, some breaking news: Cameo, the video shout-out app that once employed nearly 400 workers, enacted at least its third round of job cuts Tuesday, my colleague Natasha and I reported. The company told laid off employees it was a financial decision. Cameo got popular in 2020 as a creator platform that seemed to bridge traditional entertainment and rising consumer interest in online influencers: it... Read more ›
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Cameo, the video shoutout app that gained in popularity during the pandemic shutdowns, told employees on Tuesday that it was laying off at least 80 workers because of financial pressures, according to two former employees involved in the layoffs. The cuts leave fewer than 50 people at the startup, according to the employees, or down nearly 90% from its peak headcount last year. In an all hands meeting Tuesday, company... Read more ›
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Nvidia is known for its stranglehold over the market for the data center chips that power ChatGPT and other artificial intelligence software. But in a matter of a few months, Nvidia has also become one of the biggest venture capital investors in an important class of customers who need its chips: cloud and AI software startups. In the latest example, Nvidia is nearing a deal to take an equity stake... Read more ›
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Elon Musk’s tweet early Saturday morning that Twitter is “still cash flow negative”—as in spending more than it is taking in—was, by Musk standards, a bit of a yawn. We’ve heard so much about Twitter’s precarious financial position over the past few months—as Musk acknowledged in the tweet, it’s due to both a roughly 50% drop in ad revenue and a “heavy debt load”—that his comment barely constituted news. But... Read more ›
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On Friday, my colleague Sylvia and I published a behind-the-scenes report on how Instagram, after mulling a Twitter-type rival years ago, quickly moved to launch its text-based app Threads after Elon Musk took over Twitter. What struck me from our reporting is how much Instagram focused on creators from the start—even more so, according to some creator managers, than when Instagram launched TikTok rival Reels in 2020. “This time around,... Read more ›
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Elon Musk’s Space Exploration Technologies, the most highly valued private tech company in the U.S., has told some investors it expects to bring in about $8 billion in revenue in 2023, roughly doubling its revenue from the previous year, according to people familiar with the discussions. The expectation for rapid growth helps explain the fervor of some investors for SpaceX shares, which have defied recently depressed private tech valuations. The... Read more ›
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Over the past decade, Amazon has built an army of several hundred economists with doctorates who inform executives’ decisions in e-commerce, cloud computing and other businesses—an approach other tech giants have copied. The architect of that buildout, Chief Economist Pat Bajari, quietly left in March, he confirmed to The Information. To replace him, the company has tapped Chris Nosko, who most recently worked as chief of Uber’s science and analytics... Read more ›
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Over the next three years, General Motors, Toyota and other automakers plan to launch dozens of new electric vehicles, hoping to capture serious market share from industry leaders Tesla and Byd. But sales growth is slowing and unsold EVs are multiplying on dealer lots, casting doubt on the pace of the EV transition and some automakers’ chances of survival. Read more ›
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Character.AI, which lets users create artificial intelligence–powered chatbots modeled after figures like TV character Tony Soprano and Tesla CEO Elon Musk, is in talks with investors about raising an additional round of funding, according to a person with direct knowledge. The discussions come just four months after Character.AI said it had raised $150 million at a $1 billion valuation. New capital could help the 20-month-old startup support skyrocketing demand for... Read more ›
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When tech’s biggest names head home from the Allen and Co. mogul fest in Sun Valley, Idaho, this week, most will walk up the airstairs of their private jet and turn right toward their cream-colored cabin seats. But an increasing number could take a left and sit in the cockpit. Every top gun in tech, it seems, wants to become a pilot. The ranks of aspiring aviators now include Meta... Read more ›
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Hi, welcome to your Weekend.The problems that have afflicted Google over the past 12 months are not unique to the search giant or its parent company Alphabet. The entire tech industry has been in correction mode after the hyper-growth years of 2020-2021, with more than 218,000 jobs slashed thus far in 2023, according to Layoffs.fyi.But Googles travails feel different to at least one crucial group of stakeholders—its employees. Founded almost... Read more ›
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The demand for artificial intelligence chips is turning into a boom for several upstart cloud-server providers, thanks to the complicated politics of the tech industry. Consider the case of one young cloud provider, CoreWeave. The company has received a generous allotment of the latest AI server chips from Nvidia, the dominant force behind ChatGPT and other AI apps, even though supply of those chips is limited. Nvidia has been diverting... Read more ›
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Meta Platforms’ successful launch of its Twitter-like app, Threads, came together in just six months of furious work by a tiny team of engineers. But the desire within Meta’s top ranks to take on Twitter goes back years. The company’s Instagram unit even began building a text-based prototype similar to Twitter, which they referred to by a similar name, Public Threads, in 2015, according to a person with direct knowledge... Read more ›
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Ordinarily, a new joint venture backed by executives from Microsoft, Adobe, Meta Platforms, Akamai and Accenture would grab major headlines in the U.S. tech press. But when that venture is a pro cricket league, well…it’s crickets. Still, this week’s launch of Major League Cricket marks a seminal moment for American cricket fans, including Microsoft CEO Satya Nadella, Adobe CEO Shantanu Narayen and other tech investors who avidly grabbed stakes in... Read more ›
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For Google employees, the news was a devastating turn in an already disorienting year. In May, a 31-year-old senior engineer at the company, later identified by police as Kevin Rawlings, died at Google’s New York office late at night in an apparent suicide. Rawlings’ death followed that of another Google employee in New York, a 33-year-old advertising partnerships lead named Jacob Pratt, who also died by apparent suicide in February... Read more ›
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Welcome back!Since we last wrote about The Information’s Generative AI Database, we added eight companies. We now track 55 companies building generative artificial intelligence technology or services. At least 10 of these companies have at least one founder who previously worked at Alphabet, including at its AI labs, Google Brain and DeepMind. At least five companies were founded by a former Meta Platforms employee, and at least three were founded... Read more ›
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After more than a year of stalled merger and acquisition activity, the deals market is showing signs of life. Bankers, lawyers and private equity dealmakers say they’ve had more discussions about potential acquisitions in the past several weeks than in the past year. And “it’s not just kicking tires,” said Brian McPeake, co-chair of law firm Goodwin Procter’s private equity practice. Formal, banker-led corporate auctions are back after a period... Read more ›
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Good news for institutional crypto investors: The courts have your back. But as for individual traders: You’re on your own. That was the spirit of a New York district judge’s ruling on an SEC lawsuit against Ripple Labs, which alleged that the crypto firm illegally sold securities. In a split-the-crypto decision, the judge ruled that Ripple Labs' sales of its XRP cryptocurrency to institutional investors were a violation of securities... Read more ›
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OpenAI is on the prowl for a seasoned venture capitalist or two to run its startup investment fund.The San Francisco developer of ChatGPT is gearing up to soon start raising its second fund, which will be far larger than its $175 million debut, representatives of OpenAI have told several venture capital investors. They want an established investor to lead more AI startup deals. Poaching a successful venture capitalist from a... Read more ›
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A startup that rode the pandemic-era frenzy around OnlyFans is selling to a rival. Fanhouse, which operates a website where creators charge fans for exclusive content, has agreed to sell itself to Passes, a Miami-based membership service for creators and their superfans, Fanhouse CEO Khoi Le and Passes CEO Lucy Guo said in an interview with The Information. It’s not clear how much Passes, which Wednesday announced $9 million in... Read more ›
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04.04.2026 16:13
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