Welcome, Weekenders! In this newsletter:• The Big Read: Meet the father of Claude Code• Artificial Intelligence: The hijinks around tokenmaxxing • Plus, Recommendations—our weekly pop culture picks: “Who Blew Up the Georgia Guidestones?” “Those Who Are About to Die” and “It Was Just an Accident”Over a good many years, “Silicon Valley,” the HBO show, accomplished a very rare feat: It got the elite of Silicon Valley, the place, to laugh... Read more ›
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TikTok CEO Shou Zi Chew, thanks to his televised five-hour grilling by Congress last month and accompanying brush with viral TikTok fame, has become better known in the U.S. this year. But several other less well-known executives at the company are also playing critical roles and could gain visibility in the coming months. These include senior ByteDance executives who report to CEO Liang Rubo, as well as TikTok executives in... Read more ›
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Initial public offerings of any kind are notable these days, given that few IPOs have happened for more than a year. A crypto IPO is even more ambitious, given the regulatory crackdown on the industry. Despite all that, blockchain development company Chia Network, Inc. says it’s gearing up to go public. The company announced on Friday it had filed IPO paperwork confidentially with the U.S. Securities and Exchange Commission. But... Read more ›
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Last summer, Capsule—an online pharmacy startup that had won attention with its speedy prescription-drug deliveries and quirky practice of addressing customers in emails and over the phone as “dear”—had a crisis on its hands in New York, its most important market. Beginning in August, Capsule customers in the city began experiencing dayslong delays in the delivery of medicines that in some cases were critical to their health. The cause: A... Read more ›
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Netflix is looking more and more like an old-fashioned television company. In other words, it’s growing slowly but producing lots of cash. The video-streaming giant reported what can only be described as anemic growth in the first quarter. Revenue rose 3.7%, which is the kind of growth rate we associate with traditional TV firms like Fox Corp. or Paramount Global. Its subscriber count expanded 4.9% globally, although growth in North... Read more ›
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I’ve been an avid Twitter user since April 2019, but I have to admit, the bird app isn’t doing it for me anymore. My user experience has worsened since Elon Musk took over the company in October, thanks to features that stop working and a string of changes to its verification system. More than a dozen social media apps, old and new, are vying to take Twitter’s place. Our latest... Read more ›
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The Information is delighted to again host a virtual summer journalism school for any student interested in a career in journalism. This year’s session will be hosted virtually on June 28, 2023. During these challenging times in the industry, our aim is to help connect aspiring journalists across career stages with industry leaders to inform, inspire and help navigate the news landscape. Who should attend: Anyone beginning a career in... Read more ›
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Last year was the worst year for the stock market since 2008—and for good reason. The nearly 19% drop in the benchmark S&P 500 in 2022 capped many years of wild speculation in capital markets driven largely by the Federal Reserve’s era of free money and government handouts. Dangerously loose fiscal and monetary policies sparked a seemingly endless parade of worrisome investing trends—a spike in special purpose acquisition companies, numerous... Read more ›
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For more than a year, investors have had little appetite for Instacart’s stock, available on the private market for tech shares. Now investors who may be hunting for bargains are starting to clamor for a piece of the grocery-delivery startup ahead of an expected initial public offering. Read more ›
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After placing an early bet on OpenAI, the creator of ChatGPT, Microsoft has another secret weapon in its arsenal: its own artificial intelligence chip for powering the large-language models responsible for understanding and generating humanlike language. The software giant has been developing the chip, internally code-named Athena, since as early as 2019, according to two people with direct knowledge of the project. The chips are already available to a small... Read more ›
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Apple is now paying you to have an iPhone! That’s right. Sign up for the savings account now available through Apple Wallet, administered by Goldman Sachs, and you will get an interest rate of 4.15%, Apple announced today. That’s a very good rate—most other digital-only banks aren’t offering terms quite as generous (as for big banks, forget it—their savings rates are still in the 0.01% ballpark). Even Goldman Sachs, which... Read more ›
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I’m en route to Los Angeles today ahead of The Information’s third annual Creator Economy Summit on Thursday. This is the first time we’re hosting this event in person, and we are so excited to bring together more than 500 registered attendees, including creators, investors and entrepreneurs shaping the creator economy. (We are at full capacity, and only have a few last-minute tickets available here!)For the past several months, the... Read more ›
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OpenAI has told employees it has finalized a tender offer that allowed some staff to cash out their holdings, one person with direct knowledge of the situation said. The move caps a process that began last fall alongside talks to raise billions of dollars from Microsoft. Over the past few months, the San Francisco startup behind artificial intelligence–powered chatbot ChatGPT has negotiated the tender offer in which investors buy employee... Read more ›
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After suffering its first-ever drop in ad sales, Meta Platforms has abandoned its once-brash tone with advertisers in favor of a more flexible approach to winning business. Instead of demanding that ad agencies commit to increases in spending of 20% or more, as they typically did in past years, Meta's salespeople are signaling they’re content with spending staying level with last year, according to two senior ad agency executives. Meta... Read more ›
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Welcome back to The Electric! The U.S. has embarked on an experiment in state-led industrialization, attempting to jump-start the creation of an electric vehicle and battery industry through more than $250 billion in government largesse. This week, we look at potential lessons from the past experiences of Japan and China in doing the same thing.Biden signs the Inflation Reduction Act, reversing decades of policy and putting the U.S. in the... Read more ›
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I’ve got some bad news. It’s about Bob.” A friend was on the phone, calling Jake Shields with news about their buddy Bob Lee. “Oh, shit. Is he OK?” said Shields, a mixed martial arts fighter who lives near Las Vegas. “No.” The news of Lee’s killing on April 4 spread quickly among the close-knit but far-flung group that called the technology executive a friend. They were shocked. They never... Read more ›
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Hi, welcome to your Weekend.While I hope everyone carves out some time this weekend to read Abe’s fascinating cover story about the tech hero-turned-villain-turned-hero-again Parker Conrad, there’s one person I know will not be reading it: Conrad himself.As the Rippling CEO admitted to Abe during a lengthy interview in Vermont earlier this month, he hasn’t read any press about himself since 2016. That’s when things hit rock bottom at his... Read more ›
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The first time Joslyn Lacy tried neurofeedback, she was skeptical. A finance administrator for a large cloud software company, Lacy dealt in numbers, not woo-woo. But she’d long struggled with chronic pain and anxiety related to underlying medical conditions. “As an African American, I wasn’t feeling heard by my doctors,” she said. They often just resorted to prescribing her pain medications, but she wanted “more than a Band-Aid.” So when... Read more ›
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Last December, Bilawal Sidhu was living a double life. By day, he was a full-time product manager at Google, working on projects like building virtual reality tools. By night, he was experimenting with a barrage of new artificial intelligence models like Midjourney and Dall-E. He started posting TikToks and YouTube videos showing off the psychedelic, UFO-filled AI images he had created and predicting where AI was headed. Sidhu rode the... Read more ›
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When Jamie Snedden moved to San Francisco from London in late 2021, it occurred to him that he didn’t actually know how to make friends. In college, an abundance of common areas and extracurricular clubs had made it easy to meet new people. Now, working remotely for a startup, he barely left the house. He considered roving between coffee shops, but identifying potential pals there seemed as random as shooting... Read more ›
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Parker Conrad was touring me around a personal sliver of heaven when I asked him to relive his personal hell. As we traipsed through his sister Louisa’s hilly 100-acre farm at the eastern base of Vermont’s Green Mountains—Louisa’s chickens strutting in the spring sun, her goats poking their heads amiably from their pens—Conrad’s mind cast back to a much darker place. “I thought maybe the world was ending,” he recalled.... Read more ›
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13.04.2026 04:38
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