I remember my jaw dropping last year when The Informationâs Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldnât imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. Moreover,... Read more âș
2
People strike over wages, working conditions...and now, apparently, the decision by Reddit to charge developers for access to their usersâ jokes, memes and gaming tips. On Monday, the managers of hundreds of forums on Reddit, including some of its most popular ones such as r/gaming and r/music, will take these forums private to protest the companyâs decision to charge app developers for access to its application program interface, which has... Read more âș
1
Sequoia Capital on Tuesday told investors that by the first quarter of next year it would fully separate its U.S. and China venture capital operations, ending an 18-year run during which Sequoia Capital China became Chinaâs most successful VC firm and drove outsize returns for Sequoiaâs global investors. But the separation, anticipated for years and related to a growing geopolitical conflict between the U.S. and China, wonât stop Sequoiaâs U.S.-based... Read more âș
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The Securities and Exchange Commissionâs lawsuit against Coinbase today, alleging a wide range of securities violations, kicks off what will likely be a yearslong legal battle that holds the key to Coinbaseâs future. If the SEC wins, it will be all but impossible for the crypto giant to do business in the U.S. The SEC alleges that Coinbase has been operating an unregistered securities exchange, broker and clearinghouse, and combining... Read more âș
0
From Silicon Valley to Washington, America has suddenly woken up to the risks of artificial intelligence. While Congress is just beginning conversations over how to regulate AI, the technology is advancing at an astonishing pace. Rather than indulge the fantasy that regulation will establish a âresponsibleâ AI trajectory quickly and sustainably enough, the better and more reliable bet would be on competitionâmore specifically, competition between proprietary and open-source models. Read more âș
0
Will Patterson was on a hot streak. As the co-founder and CEO of CareRevâa gig-work platform sometimes described as an âUber for nursesââhe saw his companyâs business surge during the pandemic as hospitals and clinics scrambled to find healthcare workers. In late 2020, he seized the moment by pitching investors over Zoom about his vision for marrying technology and healthcare, ultimately nabbing $50 million for a Series A round. He... Read more âș
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ââJudging a new Apple personal computing device is a foolâs errand. Just ask the countless critics of the first iPhone, iPad and Apple Watch. Despite that unparalleled track record, the companyâs $3,500 Apple Vision Pro headset, unveiled on Monday, might encounter unique challenges even as it appears likely to become the most advanced virtual or augmented reality device on the market, leapfrogging Meta Platformsâ Quest headsets. Those challenges include a... Read more âș
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Apple may have just BlackBerried Meta Platformsâ Quest devices. Appleâs presentation of its mixed-reality headset, the Vision Pro, on Monday seems likely to spell the beginning of the end for Metaâs ambitions in augmented reality and virtual reality. Remarkably, given the endless amounts of media coverage devoted to this device over the past couple of years, Appleâs presentation felt surprisingly fresh. By showing how iOS apps, movies and photos would... Read more âș
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A new Hulu docuseries out on Monday called âThe Age of Influenceâ examines the underbelly of the influencer world, from people whoâve used social media to perpetuate scams and fraud to child abuse happening behind the scenes of a popular kids YouTube channel.The show, produced by Part2 Pictures for ABC News Studios, looks at lesser known scandals involving social media that havenât risen to the same level of attention as... Read more âș
14
Sequoia Capitalâbacked logistics startup Next Trucking, facing a slowdown in the trucking sector, is trying to sell itself, according to people familiar with the matter and a pitch deck reviewed by The Information. Next has enlisted the help of BG Strategic Advisors, a Florida-based boutique investment bank specializing in transportation and logistics mergers and acquisitions, according to the deck and a person familiar with the matter. The sale process for... Read more âș
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As OpenAI and Google battle for artificial intelligence supremacy in the West, a parallel contest is happening in China. Dozens of young Chinese startups as well as local tech giants Alibaba, Tencent and Baidu are developing machine-learning models to power chatbots similar to OpenAIâs ChatGPT. Five Chinese startups, including MiniMax and LangBoat, stand out from the startup pack when it comes to funding theyâve raised and their foundersâ experience in... Read more âș
15
As it has for decades, the U.S. this year will spend hundreds of billions of dollars on its military. Political support for that spending remains strong, through peace and war, in part because the Pentagon is careful to disburse it across virtually every Congressional district and through 200,000 defense contractors. Critics claim the system encourages waste, but hawks say it helps guarantee a strong military, tying Pentagon budgets to the... Read more âș
0
Thousands converged on San Francisco this week for a 200-event âSF Tech Weekâ extravaganza that attempted to answer the question: Wait, isnât every week tech week in San Francisco? The six-day roving party, which officially ends Sunday evening, was organized by Andreessen Horowitz, the famed and flashy venture capital firm known locally as a16z, which last year moved its official headquarters from the San Francisco Bay Area âto the cloud.â... Read more âș
16
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least thatâs how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I jokeâbut seriously, itâs wild out here. No fewer than 17 of the 35 startups listed on The Informationâs new Generative AI Database... Read more âș
3
Adam DâAngelo is basking in an âendless summerâ of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside. âRight now thereâs a little bit of a climate of, like, if you say something thatâs too positive, people need... Read more âș
0
Zume, which raised $375 million from SoftBank to automate pizza-making with robots before switching to developing sustainable packaging, has shut down. The company is insolvent and has retained restructuring firm Sherwood Partners to liquidate the assets for the benefit of the creditors, an alternative to bankruptcy, according to Martin Pichinson, Sherwood Partnersâ cofounder. It ceased operations late last month, according to a person with direct knowledge. Zume, which raised a... Read more âș
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Until it reached its planned obsolescence last week, the mythical city of Zuzalu was an intellectual wonderland. Days at Zuzalu began shortly after dawn at the edge of the Adriatic Sea. In the pursuit of an infinite life, Zuzalans (as they self-identify) enjoyed submerging themselves in the frigid waters of Montenegro at 8 a.m.âand again at 1 p.m., depending on their level of dedicationâbefore heading to a white geodesic dome... Read more âș
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Welcome back!To help readers track the frenzy around generative artificial intelligence, we launched The Information's Generative AI Database, listing 39 startups that make AI models or build services on top of them. Together, those companies have raised more than $15 billion from more than 50 investors.OpenAI, whose ChatGPT fueled the generative AI craze, has seen the bulk of that haul, raising $11 billion from investors including Microsoft and Khosla Ventures.... Read more âș
0
Microsoft and other software companies that recently launched artificial intelligence features now face the hard part: getting customers to pay for the features, which are costly to operate. More than 600 of Microsoftâs largest customers, including Bank of America, Walmart, Ford and Accenture, have been testing the AI features in its Microsoft Office 365 productivity apps, and at least 100 of the customers are paying a flat fee of $100,000... Read more âș
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You donât need special glasses to see why Meta Platforms announced its latest mixed-reality headset, the Quest 3, on Thursday, just days before Apple is expected to unveil its own entry to the field. CEO Mark Zuckerberg has literally bet the company, and its name, on the metaverse, but the results so far have been disappointing. Itâs been almost a decade since Meta, nĂ©e Facebook, stepped into another reality by... Read more âș
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05.04.2026 14:39
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