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The Information Partnerships @ The Information · 05/15/2023 12:00 EDT

Summit Recap: How to Build a Strong Personal Brand

In the world of the creator economy, traffic growth and brand partnerships rely on one thing: the creator’s personal brand. Many creators have turned to experts to help them shape their brands and stand out. Laura Mandaro, managing editor of news and talent for The Information, spoke with three luminaries for their advice on developing a unique personal brand: Ian Wang, head of product, Adobe Express Skyelar Garcia, social media... Read more â€ș

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The Information
The Information Partnerships @ The Information · 05/15/2023 11:51 EDT

Panel Recap: Building a Global Financial Strategy

Organizational growth often requires global expansion. But how do companies navigate the complexity of hiring people from all over the world, taking into account various regulations, taxes and wages—while creating benefit parity across the board? Jessica Lessin, founder and CEO of The Information, sat down for a virtual panel with three experts to find out what this all means for a company’s financial strategy: Michael B. Tannenbaum, chief operating officer... Read more â€ș

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Jon Victor @ The Information 2 place · 05/15/2023 09:00 EDT

Open-Source AI Is Gaining on Google and ChatGPT

In February, Meta Platforms set off an explosion of artificial intelligence development when it gave academics access to sophisticated machine-learning models that can understand conversational language. Within weeks, the academics turned those models into open-source software that powered free alternatives to ChatGPT and other proprietary AI software. Free AI models are now “reasonably close” in performance to proprietary models from Google and ChatGPT creator OpenAI, and most software developers will... Read more â€ș

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The Information
Steve LeVine @ The Information · 05/15/2023 07:30 EDT

The Electric: U.S. Automakers Face Another Threat—Restive Battery Plant Workers

In 1966, General Motors opened a new factory in a cornfield in Lordstown, Ohio, 210 miles southeast of Detroit, to manufacture top-selling Chevys and Pontiacs. When it opened, Lordstown was the most modern GM plant, to which the company soon added 26 robots. For workers, though, the plant was a brutal physical experience with a vastly accelerated assembly line. By the 1970s, the factory’s 7,000 workers, represented by the United... Read more â€ș

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The Information
Annie Goldsmith @ The Information 2 place · 05/13/2023 09:00 EDT

Running Shoe or Cheat Code? Tech Pros on Their Performance-Enhancing Athletic Gear

Samantha Whitmore has run seven marathons and six ultramarathons. Her favorite was a 44-mile rim-to-rim run of the Grand Canyon, which she and her husband have traversed four times. “You’ll come away from the experience feeling like you are capable of anything,” she said. “It’s a mental as well as physical test.” Whitmore, a machine-learning engineer who is currently working on a stealth artificial intelligence startup in San Francisco, Calif.,... Read more â€ș

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The Information
Jon Steinberg @ The Information 1 place · 05/13/2023 09:00 EDT

The Hero’s Journey of Marissa Mayer

Hi, welcome to your Weekend.Marissa Mayer has been a mainstay of tech journalism for almost two decades, ever since she was anointed the glamorous geek goddess of Google back in its “don’t be evil” days. She’s had quite a ride since then, becoming Yahoo CEO in 2012, bumping along in the role for five acquisition-heavy years, then selling the company for $4.5 billion to Verizon, where it remains in a... Read more â€ș

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The Information
Annie Goldsmith @ The Information 3 place · 05/13/2023 09:00 EDT

Screentime: The Author–Investor Searching for the Internet’s Next Hangout

Despite leaving Discord last year, Amber Atherton still spends many of her working hours on the social platform. The company’s former head of community—now a partner at early-stage venture firm Patron—Atherton builds relationships with her portfolio companies in a Discord “zen garden” designed for streaming lo-fi music and hosting founder-investor chats. Discord is essentially her office. The concept makes sense for Atherton, whose debut book, “The Rise of Virtual Communities,”... Read more â€ș

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The Information
Sahil Patel @ The Information 2 place · 05/12/2023 16:00 EDT

Musk Installs NBCU’s Linda Yaccarino to be his Adult in the Room

At SpaceX, Elon Musk’s top lieutenant Gwynne Shotwell has won a reputation as the adult in the room, able to turn Musk’s visionary ideas into commercial reality. Ad executives are hoping that former NBCUniversal ad sales chief Linda Yaccarino will play the same role at Twitter, where she was named Friday as CEO. People who know Musk and ad executives who know Yaccarino—a 30-year veteran of both Comcast’s NBCUniversal and... Read more â€ș

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The Information
Aidan Ryan @ The Information · 05/12/2023 15:03 EDT

Crypto Firm Bakkt Delists Tokens as Regulatory Pressures Mount

Bakkt, the new owner of a crypto custody and clearing provider that helps fintech companies like Public.com and Webull offer crypto trading, is removing support for 25 of the 36 tokens it offers, a spokesperson confirmed. The decision, which impacts popular tokens like uniswap and avalanche, marks the latest example of companies pulling back on crypto products in the U.S. as regulators closely scrutinize the industry. Securities and Exchange Commission... Read more â€ș

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The Information
Margaux MacColl @ The Information · 05/12/2023 14:03 EDT

Think She’s Fast? You Should Borrow Her Ferrari: Welcome to Lucy Guo’s Miami

This is “Show Us Everything,” a new feature from The Information Weekend, in which company founders share intimate glimpses of their everyday lives. When Lucy Guo told me she ran a 4:50 mile, I knew we were about to have very different experiences at Barry’s Bootcamp. It was a little after 8 a.m. when a black van dropped Guo off at Barry’s, the favored workout studio of Miami Beach tech... Read more â€ș

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The Information
Arielle Pardes @ The Information · 05/12/2023 12:00 EDT

Can Marissa Mayer Eclipse Herself?

Earlier this year, Marissa Mayer—signature blond bob, talking a mile a minute—taught a class on how to start your own company. It had been five years since Mayer had become a startup founder herself, and she had prepared a slide deck describing the finer details of entrepreneurship. As she clicked through the presentation, her audience fidgeted in their seats. They were fourth graders. Mayer had come to her son’s classroom... Read more â€ș

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The Information
Kalley Huang @ The Information · 05/12/2023 11:00 EDT

Welcome back! It’s no secret that the valuations of tech companies have fallen in the past year or so. We offer a window into just how far valuations of once high-flying startups have declined in our updated Tech IPO Tracker, which now includes estimated valuations of companies that were looking to go public as recently as last year. Since their most recent private fundraising rounds, valuations of these startups have... Read more â€ș

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The Information
Erin Woo @ The Information · 05/12/2023 09:00 EDT

TikTok Tests Exclusive Deals With Music Artists, Edging Into Labels’ Turf

Over the past few years, TikTok has become a viral hitmaker, sending musical artists like Lil Nas X to the top of the record charts and propelling the careers of Olivia Rodrigo and Megan Thee Stallion. Now TikTok’s parent, ByteDance, is angling to play a bigger role in these artists’ careers, which could reduce the increasingly steep costs of licensing their music. TikTok has been pursuing dozens of artists to... Read more â€ș

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The Information
Martin Peers @ The Information 3 place · 05/11/2023 20:00 EDT

SoftBank’s Missed AI Call

What do you call a visionary who fails to act on their own vision? Masayoshi Son. The SoftBank chief was a prominent advocate for artificial intelligence for at least the past six years, long before OpenAI’s ChatGPT woke the world to AI’s potential. But lately, as everyone and their dog rushes to put money into AI startups, SoftBank has been largely absent from the investment scene. Burned by last year’s... Read more â€ș

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The Information
Aidan Ryan @ The Information · 05/11/2023 18:32 EDT

Binance.US Explores Ways to Cut Founder Changpeng Zhao’s Majority Stake

Binance.US and Changpeng Zhao, the crypto exchange’s founder, majority owner and chair, have been exploring ways to reduce his stake in the company, two people familiar with the matter said. Zhao has been trying to sell at least some of his stake since last summer, one of the people said. And in recent weeks, since the Commodity Futures Trading Commission sued Zhao’s international crypto firm Binance for allegedly violating U.S.... Read more â€ș

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The Information
Isabelle Sarraf @ The Information · 05/11/2023 17:53 EDT

Meta’s Generative AI ‘Sandbox’ Is Also a Creator Play

Meta Platforms is pouring more money into generative artificial intelligence and incorporating the technology into its products for advertisers and creators. The parent of Facebook and Instagram on Thursday unveiled an “AI Sandbox” of three new features that use generative AI it’s been testing with a small group of advertisers. One allows users to describe their advertisement in text and view variations that play around with wording and tone, or... Read more â€ș

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The Information
Kate Clark @ The Information · 05/11/2023 15:37 EDT

AI Startup Rewind Gets 170 Offers—and $350 Million Valuation in Unusual Fundraising

Hungry venture capitalists inundated Rewind AI co-founder and CEO Dan Siroker the moment they caught wind of his artificial intelligence startup’s Series A plans, he wrote on Twitter last month. So he skipped the traditional fundraising process and tried something unorthodox.On April 14, he shared a link to an online form and asked investors to state “the highest amount you’re comfortable” paying between $200 million and $1 billion. It was... Read more â€ș

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The Information
Ryan Broderick @ The Information · 05/11/2023 12:00 EDT

AI Can’t Save Snapchat From Itself

A former employee for Snap, the company behind Snapchat, once told me there’s an inside joke at the company that Snap is “the research and development team for Meta Platforms.” The joke started as a self-deprecating dig at Instagram’s ripping off of Snapchat’s Stories feature in 2016. Nowadays, though, it often feels like Snapchat isn’t just doing R&D for Meta—it’s doing research for every big platform. The app is consistently... Read more â€ș

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The Information
Kalley Huang @ The Information · 05/11/2023 09:00 EDT

How Valuations of IPO Hopefuls Have Plunged From Pandemic-Era Heights

Valuations of startups that had been looking toward an initial public offering have fallen as much as 93% from their most recent private fundraising rounds, according to estimates by Caplight, which tracks trading of private-company shares on secondary markets. Caplight’s estimates are included in The Information’s newly updated Tech IPO Tracker. Last year, The Information identified 34 startups that appeared to be headed toward IPOs. But rising interest rates and... Read more â€ș

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The Information
Steve LeVine @ The Information · 05/11/2023 07:30 EDT

The Electric: In the Battery Olympics, Startups Must Overcome Multiple Hurdles

When lithium-metal battery developer SES AI held its first-quarter earnings call this week, executives were especially prepared for one question: When would the company complete its “A Sample”? And when that was done, when would SES finish its “B” and “C” samples? CEO Qichao Hu assured analysts that all three were on schedule, and the battery on track to be in a commercial electric vehicle by 2026.Out of the public... Read more â€ș

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