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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The United Auto Workers’ contract talks with Ultium Cells, General Motors’ joint venture for electric vehicle batteries, could take as long as a year as the union also attempts to hammer out a new national four-year agreement with the big three U.S. automakers, according to a union official.Six months after workers at the Ultium plant in Lordstown, Ohio, became the first at a U.S. battery gigafactory to organize, they have... Read more ›
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In its war on big tech, the Federal Trade Commission has opened a new front. In a lawsuit filed against Amazon today, the FTC accused the e-commerce giant of duping millions of consumers into “unknowingly” enrolling in its Amazon Prime service and then making it really difficult for them to cancel. So this is what Amazon founder Jeff Bezos meant when he promised once to “focus relentlessly on our customers”!... Read more ›
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Benchmark has led the first round of funding for a three-month-old artificial intelligence startup founded by former Salesforce co-CEO Bret Taylor and ex-Google executive Clay Bavor at a valuation of over $100 million, according to a person with direct knowledge of the deal. Taylor and Bavor’s company raised at least $20 million in the round, including from Sequoia Capital, an active venture investor in AI this year. The company wants... Read more ›
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David Dobrik first gained fame as an online influencer when he was a teen on the six-second video app Vine, then as a vlogger through his self-named YouTube channels. But in the past 18 months, he’s quietly become one of the top creators on Snapchat, where he posts 80 to 100 times a day and has 7.4 million subscribers. It’s a sign of how Snap has been able to court... Read more ›
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OpenAI’s stated goal is to develop and promote a software system capable of artificial general intelligence. Toward that end, the company has released systems based on large-language models, which can respond to prompts with fluent conversation on many subjects. ChatGPT, Microsoft’s Bing chatbot and other new systems based on OpenAI’s GPT-3 and GPT-4 models are truly incredible and perform far beyond previous attempts at achieving AGI. However, I would caution... Read more ›
3
What does the future of Binance.US look like? The crypto exchange, founded as a U.S. offshoot of Binance in 2019, is in a precarious situation after the Securities and Exchange Commission sued both exchanges and their founder, Changpeng Zhao, for securities violations earlier this month. The allegations included that Binance and Zhao commingled customer assets and secretly controlled Binance.US.A judge approved an agreement on Saturday between the SEC and Binance.US... Read more ›
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If you want a sense of what you might be able to do with Apple’s new Vision Pro mixed-reality headset in the future, consider this. Apple left a lot of bold new features it had been developing for the headset on the cutting-room floor—at least for now. Those include plans for fitness experiences, ambitious tools to help developers quickly and easily create augmented reality content and the ability to see... Read more ›
17
Talk about falling out of favor. Alibaba’s news today that its chair and CEO Daniel Zhang would step down so he can focus on the spinoff of Alibaba’s cloud unit—which he will continue to run—sent the company’s shares down 4.5%. That makes little sense on a number of levels. For one thing, as we wrote last year, there have long been questions about whether Zhang was the right person to... Read more ›
3
Hello!Our latest update to the Creator Economy Database comes with a major overhaul of the data we report for startups based outside the U.S. For the first time, we’ve included detailed information about the funding rounds and lead investors for private creator companies headquartered outside of the U.S. Here’s what we found:• Singapore-based BandLab, a service for artists to record and mix music on their phones, raised the largest international... Read more ›
25
Nat Friedman and Daniel Gross, a pair of founders turned startup investors, set the venture capital world abuzz last week by announcing a novel tactic to win over founders: offering them access to a huge number of free servers equipped with the most advanced chips for training machine-learning models. It turns out the duo also quietly raised an investment fund with more than $1 billion in assets to invest in... Read more ›
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It’s still incredibly hard to raise venture capital as the founder of a creator economy startup—unless you’re offering services for independent musicians. Creator economy startups in the U.S. raised $151.5 million in venture funding in the second quarter of this year so far, down 82% year over year, according to an update from The Information’s Creator Economy Database. Still, funding rose 17% from the first quarter, representing the first quarter-over-quarter... Read more ›
0
OpenAI—an early mover in releasing chatbots powered by large-language models—is contemplating another initiative to extend its influence in the world of artificial intelligence. The company is considering launching a marketplace in which customers could sell AI models they customize for their own needs to other businesses, according to two people with knowledge of discussions at the company. Read more ›
17
I’m at the bustling Cannes Lions advertising festival in the south of France, where the sun is strong and the rosé is flowing. The mood feels buoyant, even as the advertising world has pulled back on spending and tech companies reel from bruising mass layoffs. Some attendees are sharing Airbnbs with colleagues or staying far from the venue to cut down on costs. But tech companies still have a big... Read more ›
6
Hi, welcome to your Weekend.On Wednesday night, while editing Annie’s thoroughly delightful cover story on new Twitch CEO Dan Clancy, I hopped over to Clancy’s Twitch page, just to see if he was livestreaming. To my surprise and delight, he was.Almost two hours into a four-and-a-half hour jam session and open-mic night, the CEO sat facing the camera, playing the keyboard and howling the lyrics to John Prine’s “Angel from... Read more ›
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Road trip season is upon us, and with electric vehicle sales up almost 50% so far in 2023, there’s a good chance that wherever you’re going, you won’t need gasoline. But you will need to recharge, and that’s where things can get complicated. I have been testing EVs for well over a decade and have driven thousands of miles in dozens of countries. I’ve definitely learned to love the calm,... Read more ›
2
Tiger Global Management, a New York-based investment firm that became a symbol of the recent startup funding boom and bust, has raised $2.7 billion, according to a pair of securities filings it filed on Friday. Taken together, the capital is 55% less than the $6 billion goal it set for the new fund as of last fall and is 79% less than the prior investment fund it raised early last... Read more ›
12
It was in spring 2017 that Jennifer Pahlka, then a member of the Pentagon’s new Defense Innovation Board, found herself in a darkened U.S. military base watching a young analyst study aerial footage of a suspicious car. Well, the analyst was trying to parse the images: The Pentagon was relying on clunky, outdated software to highlight the vehicle’s path with a bounding red box that never seemed to keep up... Read more ›
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I will start with John Denver,” said Dan Clancy. “There’s one note that’s kind of high, so I mangle it a little. But that’s OK. Part of doing this is being comfortable mangling a note or two.” Clancy, CEO of the $45 billion livestreaming platform Twitch, then launched into an emphatic keyboard rendition of Denver’s “Take Me Home, Country Roads.” When Clancy, 59, livestreams on Twitch under the username DJClancy,... Read more ›
4
Welcome back!Thursday, we published results from our monthly reader survey. Readers of The Information remain split on their outlook for Silicon Valley, with roughly equal numbers of respondents saying conditions will improve, worsen or stay the same.Respondents last month were more optimistic about most of the 14 companies our survey asks about, but their attitudes toward some companies this month seemed to shift with the news. Here’s what to know: Read more ›
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The Securities and Exchange Commission’s lawsuits against both Coinbase and Binance have sparked an intense debate about its effort to regulate the crypto markets. But another aspect of the SEC’s crackdown has drawn less attention—proposed rules that could make it nearly impossible for some crypto-focused venture capitalists to make fresh crypto investments and could force them to dump some of their existing holdings. Venture capital firms including Andresssen Horowitz and... Read more ›
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10.04.2026 12:57
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