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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I’m back in San Francisco and still recovering from last week’s VidCon. (Coffee, Emma Chamberlain-branded or not, sounds extremely compelling right about now.)By the numbers, VidCon was a success. Yesterday, VidCon announced that 55,000 people attended this year’s conference, up 10% from 2022 but still lower than pre-pandemic records. Overwhelmingly, though, attendees told me that VidCon this year felt more subdued than in previous years. The Cannes Lions advertising festival,... Read more ›
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In the span of half a year, ChatGPT has become one of the world’s best-known internet brands. Now its creator, OpenAI, has bigger plans for the chatbot: CEO Sam Altman privately told some developers OpenAI wants to turn it into a “supersmart personal assistant for work.” With built-in knowledge about an individual and their workplace, such an assistant could carry out tasks such as drafting emails or documents in that... Read more ›
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Until two weeks ago, Thoma Bravo had sold just one company worth more than $10 billion in the past three years, when it offloaded Ellie Mae to Intercontinental Exchange for $11 billion in 2020. That drought is why Thoma Bravo’s deal to sell its financial software firm, Adenza, to Nasdaq Inc. for $10.5 billion—nearly twice what it paid for the business—is so remarkable. Thoma Bravo hit the home run by... Read more ›
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U.S. auto and battery makers are racing to build battery assembly plants for the transition to electric vehicles. But mining companies and metals processors have moved excruciatingly slowly to establish a domestic supply chain of raw materials and finished electrodes for those batteries. They blame regulators who stretch out permit approvals, activist groups that sue to keep mines from going ahead, and local residents hostile to having hard industry near... Read more ›
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A group of investors led by Apollo Global Management is making a more than $1 billion debt investment in Wolfspeed, a publicly traded semiconductor maker with a $6 billion market capitalization, according to a person with direct knowledge of the matter. The deal could be announced in the coming days and would be one of the largest direct lending deals of the year that doesn’t involve a takeover. Direct lending—when... Read more ›
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Drew Romero’s hikes were weighing on him, literally. A Reston, VA-based senior software developer for technology consulting company Tkxel, Romero thought heavy accessories—battery packs and bottles of water—would hamstring him on a challenging five-day hike through a remote mountain range in Skardu in the Gilgit-Baltistan region of Pakistan. That is, until he discovered solar-powered hiking gear: “It opened up a whole new world of possibilities,” he said. Romero isn’t alone... Read more ›
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Hi, welcome to your Weekend.For about 11 months after OpenAI released its text-to-image generator Dall-E 2 in April 2022, many of us wondered when Adobe would come to market with a rival product, which could be neatly integrated into design programs like Photoshop, Illustrator and Premiere. The wait felt long, especially considering how rapidly startups like Open AI, Stability AI, Midjourney and Runway ML were shipping mind-boggling new tools. Finally,... Read more ›
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Last year, the CEO of messaging app IRL repeatedly said it had 20 million monthly active users, who chatted about shared interests and planned real-world events together. Today, a spokesperson for the startup said an investigation by the board of directors concluded 95% of those users were “automated or from bots.” As a result of the probe, the spokesperson said the company would shut down and return capital to shareholders,... Read more ›
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TikTok has signed logistics deals to ensure that the products people buy on its app arrive smoothly at their front doors—a key part of the video app’s efforts to transform itself into a shopping destination. It’s currently testing the fulfillment services with U.S. sellers, a person familiar with the matter said. TikTok is partnering with outside logistics firms that lease and operate warehouses to store inventory and to pack and... Read more ›
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Former National Basketball Players Association Executive Director Michele Roberts has never attended a soccer game. She says with a laugh that if Lionel Messi appeared in her Harlem living room, she’d call the police to report an intruder, because unlike most people on the planet, she has no idea what he looks like. But Roberts is spiritually attuned to Messi in at least one sense. She, too, has wanted to... Read more ›
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Jacob Devlin, a prominent artificial intelligence researcher who left Google for rival OpenAI in January after complaining internally about how the company trained its Bard AI chatbot software, has returned to his old job, according to a person with knowledge of the situation. Google’s willingness to hire Devlin back, despite the fact his internal complaints became public and embarrassed the tech company, reflects the intense competition for talent in the... Read more ›
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Six months ago, Adobe’s chief strategy officer, Scott Belsky, was in a New York conference room with around two dozen top marketing executives. They had gathered to discuss how artificial intelligence could transform advertising, allowing them to turn a string of words into a visual ad. At first, Belsky thought they were on the same page about the vast potential of generative AI. “Their answer was, ‘It’s really exciting,’” he... Read more ›
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Welcome back!When streetwear company Parade World launched Moetic in July 2022, executives considered its London headquarters a strength. Moetic, a fashion marketplace where creators could launch storefronts with recommended items, could connect with fashion companies across the continent. But as dealmaking slowed last year, Moetic struggled to whet investor appetite. Parade World shut Moetic in March and folded the rest of the company a month later. “Where the industry is... Read more ›
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Four years ago, one of the most intense battles in enterprise software was underway between two startups led by former colleagues: Rubrik and Cohesity. They help businesses manage data, and they also market themselves as offering protection against ransomware attacks. At the time, Rubrik was clearly in the lead, but Cohesity was growing faster and gaining on it. Times have changed. By one measure—closeness to going public—Rubrik appears to be... Read more ›
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“Terrifying.”That was the word from a longtime Hollywood hand when I asked for the person’s reaction to Disney’s former communications czar, Zenia Mucha, joining TikTok to lead brand marketing and communications. For a little context, Mucha is known as one of the toughest and best communications leaders in the land. For two decades, she ran Disney and CEO Bob Iger’s communications with an iron fist, threatening anyone who dared publish... Read more ›
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It’s Erin Woo, reporting from VidCon in Anaheim, Calif.The convention, which kicked off Wednesday night, has drawn thousands of social media creators, industry executives and fans this year. YouTube is back sponsoring the conference which it has done every year there’s been a VidCon except last year, when TikTok took over as main sponsor. Amjad Hanif, YouTube’s vice president of product management, hosted the keynote this afternoon with YouTubers Colin... Read more ›
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A stark business reality faced Reddit before a user uprising engulfed its site this month: slowing sales growth. Reddit’s revenue rose 38% in 2022 to about $670 million last year, two people familiar with the matter said, faster than many other internet ad firms but a steep slowdown from the more than doubling of revenue the company experienced in 2021 over 2020. Read more ›
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Adobe’s $20 billion plan to buy design software startup Figma in September offered Silicon Valley venture capitalists brief relief from the downturn’s tight grip. But they might want to put the champagne away. European regulators plan to launch an investigation of Adobe’s deal, the Financial Times reported earlier this week. A few months earlier, Bloomberg reported that the U.S. Department of Justice was also preparing to sue to block the... Read more ›
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TikTok's Chief Operating Officer V. Pappas has quit, she told staff on Thursday, according to an email viewed by The Information. In an email to staff, Pappas said she will continue in an advisory role for the company, noting she feels the "time is right to move on and refocus." Her departure comes amid intense uncertainty about TikTok's future, however, given the threat of a U.S. government ban. For more... Read more ›
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Meta Platforms executives always knew this moment would come. Apple’s unveiling of its Vision Pro mixed reality headset early this month puts the spotlight on the looming battle between Apple and Meta over control of the augmented reality and virtual reality market. And for the past five years, Meta has readied itself for the competition by trying to develop as many of its own chips as it could, to better... Read more ›
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10.04.2026 12:57
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