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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In early March, Ken DeLeon, founder of DeLeon Realty, a Silicon Valley–based brokerage that sold more than $1 billion in homes in 2021, called one of his venture capitalist clients to discuss the purchase of a $20 million–plus megamansion. The client was flip-flopping between a cash offer and a loan. “First Republic Bank has a 10-year loan at 4.65%,” DeLeon informed him—well below the average 6.97% interest rate for 30-year... Read more ›
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Fintechs were supposed to transform banking by making it dead simple for users to open savings accounts or pay their bills. But a series of recent high-profile setbacks with both fintechs and the traditional banking sector is setting off alarm bells. This month’s series of bank collapses has shined a spotlight on the health of small banks, typically a behind-the-scenes partner of fintechs. And a report on Thursday from short... Read more ›
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Coupa Cafe in Palo Alto. Buck’s of Woodside. The Creamery in SoMa (RIP). Silicon Valley’s coffee shops have undoubtedly seen more dealmaking than any one fancy office building or members’ club. Now a new guard of cafes, spread throughout the San Francisco Bay Area, New York and Los Angeles, is growing in popularity among venture capitalists and, by extension, startup founders and tech workers. With AI deals suddenly running hot,... Read more ›
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Welcome back! The Information 50 is our guide to promising startups, which we’ve published each year since 2020. Now we’ve brought together the 150 startups we’ve identified over the past three years, with added information about how they’ve fared since. The Information 50 Startups Database, which we published Thursday, details each company’s total fundraising and most recent valuation. As a reminder, to qualify for our annual list, a company must... Read more ›
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On Monday, David Garner rose at 5 a.m. to sign the final documents required to finish setting up an account for his startup at JPMorgan Chase, following a two-week ordeal that began with the collapse of Silicon Valley Bank. Garner’s Seattle-based startup—CalmWave, which develops software for hospital intensive care units—had moved its money out of SVB to First Republic Bank. When startups also began fleeing that bank over concerns about... Read more ›
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Well, it’s been a minute since Jack Dorsey has been in the news. But lest you think that Elon Musk—and Congress’s favorite punching bag, TikTok—get all the fun, today short seller Hindenburg Research sent Block’s stock down 15% with a report saying the payments company, formerly known as Square, had been inflating its user metrics by serving criminals with shady “Wild West compliance.”You can read the details here and watch... Read more ›
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Well, that was something. For roughly five hours on Thursday, TikTok CEO Shou Zi Chew responded to a grilling by representatives from both major political parties who bombarded him with questions and accusations related to national security, TikTok’s data practices, and its Chinese parent company ByteDance’s alleged relationship with the Chinese Communist Party. Chew largely kept his cool and often stuck to talking points about TikTok’s efforts to cordon off... Read more ›
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With bids for the entity formerly known as Silicon Valley Bank due Friday, potential buyers and regulators are running into an interesting reality: Breaking up—and salvaging—SVB is hard to do. Nearly two weeks after SVB failed, the Federal Deposit Insurance Corp. has yet to find a buyer for the so-called bridge bank that took over SVB’s operations, despite being on the third round of bidding. After initially shunning bids by... Read more ›
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What do Good Eggs, a startup that delivers $4.99 broccoli bunches, and Tonal, a fitness startup that sells $3,995 exercise equipment, have in common—other than a business model subsidized by venture capital? They’re both engaged in a painful type of financing known as a “cram down.” If you grew up in the era of easy money, ultralow interest rates and 100 times multiples, it’s possible you’ve never heard about one... Read more ›
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Shivon Zilis, director of operations at Elon Musk’s Neuralink, has stepped down from the board of OpenAI, according to a person familiar with the move and Zilis’ LinkedIn profile. Her departure follows public criticism of OpenAI from Musk, who aside from being her boss at the brain-computer interface startup Neuralink is also the father of her twins. Musk, who is widely cited as a cofounder of OpenAI but cut ties... Read more ›
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As more startups struggle to raise money from venture capitalists and approach bankruptcy, they are going to extreme lengths to stay afloat. The latest example is Good Eggs, which delivers fresh produce and other groceries. The company this month raised around $7 million from Greenwich, Conn., hedge fund Glade Brook Capital Partners at a pre-investment valuation of $15 million, said two people with knowledge of the deal. That represents a... Read more ›
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Phosphate deposits in the Western Sahara near Morocco. Photo: Peter Turnley/Corbis/GettyAs auto manufacturers increasingly choose lithium-iron-phosphate batteries to power their electric vehicles, a phosphate project under development in Canada marks another step in building a U.S.-led battery metals industry to compete with China’s.The project, launched by Vancouver, British Columbia-based First Phosphate, appears to be the first mining and cathode development in North America intended specifically for LFP Read more ›
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If Steve Martin were to remake his 1984 film “Lonely Guy” this year, he could center it around Shou Zi Chew, CEO of TikTok. It’s a paradox that the executive leading one of the most popular apps in the U.S. is basically on his own as he fights the threat of a ban from both the Biden administration and congressional opponents. The few people who have publicly come out in... Read more ›
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Creators need to mingle. To market themselves and their work, they need to constantly connect with their peers, professionals supporting creators and advertisers. But traditional networking and recruiting sites such as LinkedIn and Fiverr can come up short for creators, especially when it comes to finding industry-specific opportunities and showcasing their visual content.Brian Freeman says he has a solution. He’s the founder and CEO of Creatorland, which is planning to... Read more ›
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A subsidiary of Saudi Arabia’s investment fund and an Abu Dhabi investment firm are planning to invest in a multibillion-dollar funding round for SpaceX, Elon Musk’s rocket company, according to people familiar with the investor discussions. Representatives of SpaceX and Morgan Stanley, which is organizing the ongoing funding effort, have told investors that Badeel—Saudi Arabia’s Water and Electricity Holding Company, which is part of the country’s Public Investment Fund—along with... Read more ›
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Bitcoin has been on a tear in recent days following the collapse of banks including crypto-friendly Silvergate and Signature. Crypto bulls take the bitcoin rally as a sign investors are seeking a safe haven in crypto, while skeptics are pointing out the gains likely have more to do with macro trends like inflation and interest rates. Regardless, the rally is good for Coinbase, since higher prices should pump up trading... Read more ›
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TikTok is one of the most popular entertainment services in the U.S., used monthly by nearly half of the population. Yet as the app battles for its life, it has remarkably few allies to provide support. Even those that directly benefit from TikTok, such as music labels and creators, have mixed feelings about TikTok, largely because they say it doesn’t pay its partners enough. That’s left a motley collection of... Read more ›
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Job listings site Indeed.com told employees on Wednesday that it’s laying off 2,200 people, representing 15% of its headcount, according to a person with direct knowledge of the decision. Indeed CEO Chris Hyams broke the news to employees in an all-hands meeting on Wednesday morning, saying that the cuts would affect teams across the company and attributing the decision to broader economic pressures, a person who attended the meeting said.... Read more ›
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Meta Platforms CEO Mark Zuckerberg’ effort to cut back on middle managers isn’t stopping the company hiring more middle managers. Meta has re-hired a veteran manager, Nick Grudin, to oversee its relationships with media companies and other creators, just seven months after Grudin quit to join Dapper Labs, an NFT startup. Grudin will resume his old job, reporting to his previous boss Justin Osofsky, head of online sales, operations and... Read more ›
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At the 2018 Consumer Electronics Show, Amazon announced one of its biggest partnerships yet to help make its Alexa voice assistant ubiquitous: a deal with Toyota to integrate Alexa into the auto giant’s cars. “Our vision for Alexa is that she should be everywhere a customer might need her—at home, in the office, on phones—and in cars,” an Amazon executive gushed in a press release about the agreement. Toyota doesn’t... Read more ›
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13.04.2026 09:56
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