Apple has been expanding its computing budget for building artificial intelligence to millions of dollars a day. One of its goals is to develop features such as one that allows iPhone customers to use simple voice commands to automate tasks involving multiple steps, according to people familiar with the effort. The technology, for instance, could allow someone to tell the Siri voice assistant on their phone to create a GIF... Read more ›
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Crypto firm Genesis, whose lending unit filed for bankruptcy in January, said last week that its parent company, Digital Currency Group, and a committee of creditors had tentatively agreed to a restructuring deal that would be a big step toward paying back customers. But there’s been a lot more going on behind the scenes.Crypto exchange Gemini, which is the biggest Genesis creditor, has been quietly pitching an alternative plan to... Read more ›
0
In the past two months, the number of people using a Discord server dubbed Pika has quietly grown from zero to more than 160,000. Thousands of users post requests such as, “a sleek, electric car silently glides across the screen against a backdrop of futuristic cityscapes” and “clouds move with breeze.” The server spits back three-second AI-generated video clips in return.The startup hasn’t gotten much press attention, but it’s gotten... Read more ›
0
In February 2022, Chris Fear was sitting in her car outside Scottsdale, Ariz., a couple of hours after sunset with the windows down, when she heard a man’s voice. “Get out of your car,” the man said from the darkness. Fear had spent the prior couple of hours delivering packages for Amazon, but she had gotten lost on the way to a customer’s house after Amazon’s routing software sent her... Read more ›
14
Four-year-old Deel has become one of the fastest-growing and most valuable startups by positioning itself as a way for businesses to hire contract employees anywhere in a snap. What the human resources startup doesn’t talk about in its prolific marketing is the fact that the company, last valued by investors at $12 billion, has also become the exclusive way nearly a dozen websites in a high-risk corner of retail investing... Read more ›
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It’s time for an updated edition of “Games People Play,” one dedicated to IPO marketing. The prime example could be SoftBank and the army of bankers it has on tap that are marketing the IPO for chip design firm Arm. They’re doing a masterful job in manipulating what the media thinks SoftBank wants. A few weeks ago, we saw reports that SoftBank was hoping Arm would be valued at between... Read more ›
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You may have heard about Midjourney, a generative artificial intelligence company that specializes in creating images from text prompts and visual inputs. My colleague Kate Clark today published an in-depth profile of the startup, whose founder David Holz refuses to take venture capital and hosts the service on Discord, a chat application popular with gamers. Some artists fear generative AI programs may make their work obsolete, or unfairly use their... Read more ›
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Meta Platforms’ releases of its large-language models, Llama and Llama 2, in the past six months have won the company praise for offering free, open-source alternatives to models from OpenAI and Anthropic. But for some of the scientists and engineers who worked on Llama, that praise was too little, too late. Many have quit, embittered by a previously unreported internal battle over computing resources with another Meta research team working... Read more ›
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Tomorrow, dozens of startups will take to the virtual stage to pitch their ideas as part of Y Combinator’s iconic Demo Day, though some well-known investors have already gotten an early look at them. This year, more than 60% of the group—or 134 startups—are building applications or tools around artificial intelligence, mostly related to large-language models, according to YC’s startup directory. In past YC groups, the percentage of startups bucketed... Read more ›
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Ever since David Holz founded Midjourney in mid-2021, venture capitalists have been practically begging him to take their money. On top of cold-calling and emailing Holz incessantly, some have asked his inner circle for “warm” introductions. Others have preemptively sent him term sheets. A lucky few have landed meetings with the 35-year-old CEO of Midjourney, which uses machine-learning models to generate uncanny, hyperrealistic images. Index Ventures partner Mike Volpi scored... Read more ›
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In 1876, millions of visitors to the World’s Fair in Philadelphia saw the first typewriter, the largest steam engine ever, and arguably the showstopper—the telephone, demonstrated by Alexander Graham Bell. Seventeen years later, visitors to the Chicago World’s Fair witnessed Nikola Tesla’s system of alternating electric current and the “City of Light” it created.Every four or so years for the last century and a half, nations have gathered in gigantic... Read more ›
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Hi, welcome to your Weekend.This week, we’re publishing stories from near (a testosterone party in San Francisco) and far (Jessica's four-day reporting junket in China). But there’s another story we’re tracking that is geographically close to home and psychologically close to Never Never Land. I’m talking about the dream city of California Forever. As scooped earlier this week by the New York Times, the shadowy backers of a new urban... Read more ›
9
The chassis lurking under the skin of most cars is a pretty pedestrian thing—mostly sections of stamped and welded steel perforated with mounting points for the engine, suspension and everything else required to make the machine whole. The 3D-printed chassis of the Czinger 21C, however, has an unnervingly organic look. Imagine a car not so much designed as evolved out of a puddle of primordial goo, formed around a skeleton... Read more ›
0
A former ambulance driver was whizzing me through the rainy streets of Shanghai to meet an eight-car motorcade and—hopefully—U.S. Commerce Secretary Gina Raimondo. She’d been a hard person to wrangle during her three-day diplomatic trip to China, and I had been given the smallest of windows for a face-to-face interview: just 15 minutes in the back of her vehicle, en route to an engagement. The trip had been a whirlwind:... Read more ›
0
The high-profile spat between Gemini co-founders Cameron and Tyler Winklevoss and Digital Currency Group founder Barry Silbert is poised to get even uglier. Gemini is trying to rally other creditors behind a plan to wring more money out of DCG to help pay back the more than $3.5 billion owed by its bankrupt lending subsidiary, Genesis, two people familiar with the matter said. The new proposal, viewed by The Information,... Read more ›
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Bob Iger’s path to rescuing Disney just ran into a roadblock. Disney’s cable channels, including ESPN, went dark on Thursday on the No. 2 cable operator, Charter Communications, amid a fight about how much Charter should pay to carry the channels. Make no mistake: This is not one of those boring cable TV industry battles that have been going on intermittently for years. This is shaping up to be a... Read more ›
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Sometimes VCs need a therapy session. Reporters and editors, too. And so, with this week’s episode, you get a little bit of both—and some news nuggets on what I learned about China and AI on my quick trip to Beijing and Shanghai this week. Hope you enjoy and have a great Labor Day weekend! Spotify Apple YouTube Read more ›
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Early one Saturday morning in August, a dozen men—a mix of startup founders, software engineers, designers and one professional Dungeons & Dragons dungeon master—gathered inside a small San Francisco condo to get their blood drawn. Testosterone levels had been in steep decline globally, the men had learned, and they wanted to find out if they were part of the “low T” epidemic. “My pitch is to help you guys go... Read more ›
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As companies have shifted more of their computing tasks to cloud providers, their payments to Amazon Web Services, Microsoft, Google and others have become a significant cost of doing business. New updates to The Information’s Cloud Database reveal how those payments rise and fall with those companies’ financial results.Take Robinhood, for example. Cloud expenses at the online stock and cryptocurrency trading company fell 36% to $67 million in the first... Read more ›
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After a flood of earnings today, from the likes of MongoDB, Broadcom and Nutanix, we’re pretty much done with tech’s latest quarterly earnings season. (Next earnings season is only six weeks away—whoopee!) As we look back at what we learned, here’s something that’s worth thinking about: Price increases for enterprise software firms are likely to underwrite revenue growth in the next year or so. Various companies in the sector have... Read more ›
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21.06.2026 15:41
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