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Theo Wayt @ The Information 2 place · 11/07/2023 09:00 EDT

Supply Chain Unicorns Say: We’re Not the Next Convoy

Trucking startup Convoy abruptly shut down last month, while freight forwarder Flexport’s revenue has cratered. Other supply chain unicorns are now trying to prove they will have a different fate. Previously unreported financial data for three other major supply chain startups, including Project44 and Cart.com, show all of them are on track for decent double-digit percentage revenue growth this year. And with venture dollars drying up, these startups are scrambling... Read more

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The Information
Akash Pasricha @ The Information · 11/06/2023 20:00 EDT

Behind Enterprise Software Stocks' Lackluster Year

The good news from tech’s earnings season, so far, is that the ad market appears to have recovered a lot from the worst of the downturn. But that’s likely not true for enterprise software. While we haven’t yet heard earnings updates from most enterprise software firms, some of those who have reported suggest that business remains weak, thanks to a software spending pullback by corporate America. It’s no wonder that... Read more

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The Information
Kaya Yurieff @ The Information 3 place · 11/06/2023 17:25 EDT

Threads Courts Reality TV Creators

We’re starting the week off with a scoop about Instagram’s efforts to court creators. Instagram’s Threads recently invited some creators to join “Pops,” a new community of reality TV and pop culture creators on the text-based app. Among other incentives, it will offer challenges where creators compete to win unnamed “special prizes,” we are the first to report. Separately, the Meta Platforms-owned app is giving holiday bonuses to some creators... Read more

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The Information
Stephanie Palazzolo @ The Information · 11/06/2023 10:00 EDT

Musk’s ChatGPT Rival Isn’t as Smart as It Seems; Creators of a Key Open-Source Model Get Offer From Index Ventures

Elon Musk finally unveiled his alternative to OpenAI’s ChatGPT, which he developed because he felt it was too woke, as my colleagues first revealed eight months ago. Why do it on a Sunday? Perhaps because OpenAI’s Dev Day event in San Francisco is this morning, and Musk’s xAI team was hoping to upstage it. (Musk also doesn’t distinguish between weekdays and weekends, much to the dismay of our social media... Read more

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The Information
Sahil Patel @ The Information 2 place · 11/06/2023 09:00 EDT

The People Running Disney As It Grapples With Streaming Revolution

The Walt Disney Co. has been a scene of near-constant reorganization for the past few years. And more of that is likely to come as Disney, along with other entertainment companies, tries to get the right structure in place to cope with changes in the industry caused by the rise of streaming video. The most recent shakeup came Monday, as Disney named PepsiCo vice chairman and chief financial officer Hugh... Read more

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The Information
Steve LeVine @ The Information · 11/06/2023 07:30 EDT

The Electric: 24M Fires a Shot Across the Bow of the Battery Industry

Massachusetts-based battery developer 24M Technologies claims it has significantly increased how tightly electrodes can be stacked in a battery pack, improving energy density and electric vehicle driving range. If 24M’s assertions are true, its new battery could outperform groundbreaking, roughly similar batteries made by China’s Byd and Contemporary Amperex Technology Ltd., the world’s two largest EV battery manufacturers. Read more

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The Information
Maria Heeter @ The Information 2 place · 11/05/2023 14:09 EDT

Palo Alto Networks Finalizing $600 Million-Plus Acquisition of Israeli Startup

Palo Alto Networks is close to acquiring Israeli startup Talon Cyber Security in a deal that could value it at $600 million to $700 million, according to two people familiar with the discussions. The deal could be announced as soon as Monday, one of the people said. The acquisition would extend Palo Alto Networks’ acquisitions of small cybersecurity startups and add another offering to its suite of enterprise security software... Read more

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The Information
Jon Steinberg @ The Information 3 place · 11/04/2023 09:00 EDT

The SBF Circus Leaves Town

Hi, welcome to your Weekend.For the past five weeks, The Information’s crypto reporter Aidan Ryan has been taking one for the team, rising long before dawn to commute to the U.S. courthouse in Lower Manhattan. Once there, he’d grab a place in line and wait on the sidewalk for hours, huddling in the dark and sometimes the pouring rain, until the court opened and the crypto trial of the century... Read more

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The Information
Adam Lashinsky @ The Information 1 place · 11/04/2023 09:00 EDT

‘It’s Like I Created a Baby’: An AI Matriarch Appraises Her Offspring

In the most overheated technology debate of our time—the societal impact of artificial intelligence—Fei-Fei Li finds herself precariously balanced in the middle. A Stanford University computer science professor and co-head of its Institute for Human-Centered Artificial Intelligence, Li is neither a Geoffrey Hinton–esque doomer, fretting that the machines we’ve created will slaughter us, nor an unbridled techno-optimist (to use Marc Andreessen’s self-identifier), who equates regulating AI with impeding prog Read more

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The Information
Julia Black @ The Information 2 place · 11/04/2023 09:00 EDT

A New Novel By ‘Silicon Valley’s Favorite Fixer’ Is Coming for Everybody

In Bradley Tusk’s new satirical novel, “Obvious in Hindsight,” no one is safe from skewering—including the author. When I asked Tusk whether his cast of conniving characters is based on people he’s encountered in his long, drama-filled career in politics and tech, or whether they are actually all versions of himself, he admitted, “A little bit of both.” The book’s plot includes the delusional founder of a flying-car startup who... Read more

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The Information
Martin Peers @ The Information · 11/03/2023 18:15 EDT

It’s Time for Apple to Identify Cook’s Successor

What a week Tim Cook had. On Thursday, Apple reported anemic September-quarter results, completing a fiscal year where revenues fell 2.8%. That’s actually not a bad result given that the smartphone market that drives Apple’s business shrank 10.5% in the same 12-month period, according to IDC data. Still, it is yet another reminder (if any were needed) that Apple is no longer a growth company. Cook’s other big event this... Read more

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The Information
Jessica E. Lessin @ The Information 1 place · 11/03/2023 15:01 EDT

AI Regulation, War and the Future of the American Tech Stack

This week, the United States and the European Union tipped their hands on how they plan to regulate AI. The rules amounted to a sea change in the relationship bewteen tech businesses and the government and spurred a whole lot of thinking on our part about what comes next. We hope you enjoy. Apple Spotify YouTube Read more

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The Information
Aidan Ryan @ The Information · 11/03/2023 12:00 EDT

A Front-Row Seat at the Sam Bankman-Fried Circus

Shortly after 1:30 a.m. on Monday morning, while most people were tucked in bed ahead of the new week, I stepped into an Uber outside my apartment in Brooklyn. I was on my way to the Daniel Patrick Moynihan U.S. Courthouse in Manhattan with the hopes of snagging one of the 21 courtroom seats to see Sam Bankman-Fried testify in his own criminal trial. Crossing the Brooklyn Bridge during my... Read more

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The Information
Akash Pasricha @ The Information · 11/03/2023 11:00 EDT

Pro Weekly: Behind the Explosion of Generative AI Startups

Time flies! We launched our Generative AI Database five months ago, and this week we added our 100th (and 101st) companies, with inside reporting about who’s backing each company, how much revenue the company has generated, the machine-learning model it uses and the cloud providers it relies on.The numbers make clear just how much investors are pouring into the sector. In total, the companies we track have raised more than... Read more

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The Information
Nick Wingfield @ The Information · 11/02/2023 20:25 EDT

SBF Found Guilty on All Counts

Hot off the presses: The jury in the trial of Sam Bankman-Fried convicted the FTX founder and former CEO of all seven fraud and conspiracy charges he was facing. The quick verdict—jurors began deliberating Thursday afternoon—felt fitting for a case that federal prosecutors filed less than a year ago. Bankman-Fried now faces a maximum sentence of 110 years on all counts, though some attorneys believe he’s likely to get significantly... Read more

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The Information
Erin Woo @ The Information · 11/02/2023 20:04 EDT

Hashtag Activism Returns to X

Hashtag activism is back.Dozens of trans users of X have been posting their stories on the app formerly known as Twitter as a way of protesting conservative video maker PragerU, which purchased one of X’s most prominent advertising spot to promote a documentary arguing that gender-affirming care is dangerous for transgender youth. The users are flooding the film’s promoted hashtag, #DETRANS, with their own experiences of being transgender or in... Read more

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The Information
Natasha Mascarenhas @ The Information 3 place · 11/02/2023 17:16 EDT

Tension Brews in Defense Tech

It’s not every day that you see a company like Anduril, a 2,200-person defense technology company last valued at $8.5 billion, sue a 6-person startup with just $4 million in venture backing. But, as my colleague Margaux and I reported this week, Anduril CEO Palmer Luckey is going after a much smaller upstart founded by his former employees, Salient Notion. Anduril alleges Salient stole trade secrets and breached employee contracts,... Read more

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The Information
Sylvia Varnham O'Regan @ The Information 2 place · 11/02/2023 15:43 EDT

Ex-Meta COO Sandberg Sets Up Venture Investment Firm with Husband

Sheryl Sandberg, the longtime former chief operating officer at Meta Platforms, and her husband Tom Bernthal have started an investment firm to fund businesses in various sectors, according to a spokesperson for Sandberg. An internationally recognized figure, Sandberg often was the public face of the Facebook parent company before leaving last fall after 14 years, igniting speculation about her next act. The new firm, Sandberg Bernthal Venture Partners, uses the... Read more

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The Information
Kaya Yurieff @ The Information · 11/02/2023 15:13 EDT

CEO of X Intervened to Get Hitler Post Taken Down

Last weekend, staffers at X grew increasingly upset after a Pakistani senator posted a photo of Adolf Hitler on the service with the text “at least now the world know, why he did, what he did,” in reference to the Holocaust. Over the course of several hours, the post drew about a million views, as well as complaints from several staffers, who reported it for violating X’s rules. One staffer... Read more

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The Information
Stephanie Palazzolo @ The Information 1 place · 11/02/2023 10:15 EDT

What it Takes to Make Open-Source AI Cheaper Than OpenAI; Microsoft Goes Multimodal

When Meta Platforms’ released its open-source Llama models earlier this year, the tech giant was praised for giving developers a free alternative to the expensive, bleeding-edge large-language models offered by proprietary LLM developers such as OpenAI. Turns out it’s not so simple.In many cases, using open-source LLMs can actually be more costly than proprietary AI software from OpenAI and its ilk, as I discovered while researching this piece I published... Read more

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