Welcome, Weekenders! In this newsletter:âą The Big Read: Meet the father of Claude Codeâą Artificial Intelligence: The hijinks around tokenmaxxing ⹠Plus, Recommendationsâour weekly pop culture picks: âWho Blew Up the Georgia Guidestones?â âThose Who Are About to Dieâ and âIt Was Just an AccidentâOver a good many years, âSilicon Valley,â the HBO show, accomplished a very rare feat: It got the elite of Silicon Valley, the place, to laugh... Read more âș
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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 giantâs cars. âOur vision for Alexa is that she should be everywhere a customer might need herâat home, in the office, on phonesâand in cars,â an Amazon executive gushed in a press release about the agreement. Toyota doesnât... Read more âș
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Larry Summers has a message to all of us here in Silicon Valley: Itâs time to switch up that reading list. âPerhaps pay a little more attention to history relative to science fiction in terms of understanding all the things that the future may hold,â he said during a conversation with me and The Information subscribers Tuesday. Read more âș
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Former Treasury Secretary Larry Summers predicted Silicon Valley will see a âcleaning outâ in the fintech sector as a result of regulatory attention flowing from the failure of Silicon Valley Bank. In an interview with The Informationâs editor in chief Jessica Lessin, Summers also said that the banking crisis of the past 10 days triggered by SVBâs failure had increased the chances of a recession beginning this year to ânorth... Read more âș
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Tonal, a fitness startup with a cadre of celebrity backers, is crunched for cash after failing to find a buyer. The company now may take a drastic step: raising money at a valuation nearly 90% lower than its last one, in a deal that would effectively wipe out the stakes of many existing investors, people familiar with the matter said. Private equity firm L Catterton, a current Tonal shareholder, is... Read more âș
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Twitter over the last two years introduced several features to help creators make money off the platform. But in recent weeks, some have stopped functioning, throwing its efforts to court creators into disarray. Its 18-month-old tipping feature has disappeared from creatorsâ accounts on its website, but still appears on mobile, according to a review by The Information. The âcoinsâ feature, another version of tipping that started testing under new CEO... Read more âș
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Would TikTok have become a powerhouse without Musical.ly? As arcane as that question might appear, it could become the paramount issue in court if the Biden administration tries to force TikTokâs parent ByteDance to sell the app. Thatâs because ByteDanceâs 2017 purchase of Musical.ly, a rival to the then-young TikTok, is what triggered the national security review that could give the government legal grounds to force a sale. And while... Read more âș
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A handful of months into Twitterâs new management and itâs clear an era has ended. For the siteâs power users, which include academics, journalists and lawmakers, the sudden changes in the social networkâs policies, practices and culture have destroyed years of careful network building. What that will cost us in the future in terms of relationships never forged and knowledge never created, we can only guess at. The loss of... Read more âș
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OpenAIâs ChatGPT has enraptured the business world since its November release and OpenAI is signing up customers eager to pay to use its artificial intelligence models in their own products. But the Microsoft-backed startup faces a surprising rival: Microsoft itself. As part of its multibillion-dollar investment in OpenAI, Microsoft has the rights to sell the startupâs software through its Azure cloud business, even as OpenAI licenses its own software directly... Read more âș
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Amazon is in the lead! The e-commerce behemoth has moved ahead of Alphabet in the contest to win this yearâs IBM Cup, awarded occasionally to the most bureaucratic and slow-moving big tech company around. Thatâs one takeaway from Amazon CEO Andy Jassyâs explanation today for cutting another 9,000 jobs, on top of the 18,000 layoffs already announced. Jassy said in November the job cuts flowed out of Amazonâs âannual operating... Read more âș
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Pegged as a bundle âto help creators establish their presenceâ on its platforms, Meta Verified grants subscribers a blue checkmark, extra protection from impersonation and a direct line to customer support for an $11.99 monthly price tag (or $14.99 on mobile). But it will no longer include an increase in visibility and reach for paid users. After testing out the feature, Meta received feedback that the visibility boost was causing... Read more âș
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For venture investors that have collectively invested more than $8 billion in TikTokâs parent company, ByteDance, the fate of the video app in the U.S., where officials are seeking changes to its ownership, could mean the difference between a huge portfolio win and a soul-crushing loss. Early backers of ByteDance such as Susquehanna International Group and Sequoia Capitalâs China affiliate have stakes worth tens of billions of dollars each, at... Read more âș
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The term âmetaverseâ has been around for years, but whatâs the state of it todayâand where is it going next? Jillian Goodman, opinion editor of The Information, sat down for a virtual discussion with Kevan Yalowitz, software and platform global industries lead at Accenture, Vince Cacace, founder and CEO of Vertebrae, a Snap company, and Sosti Ropaitis, an executive vice president at MediaLink, to discuss how the metaverse is evolving.]... Read more âș
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Call them acqui-fires. Several founders who took positions at the bigger tech companies that bought their startups recently lost their jobs when layoffs rolled through Silicon Valley. That means managers and engineers who also have the entrepreneurial bug are now on the market. Twitterâs most recent round of job cuts included at least four such founders, including the entrepreneurs behind Revue, Squad and Breaker. They have company. In this latest... Read more âș
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We all know how it began. It started on March 9, when the run on Silicon Valley Bank made the innovation economy totter and threatened a global financial crisis. It continued on March 10, when SVB failed and it became clear that anyone who hadnât gotten their money out yet was stuck, facing payroll in just five days with no clear way to meet it. I cannot recall how many... Read more âș
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Hi, welcome to your Weekend!Deep breath, everyone. The last 10 days have been a doozy. First came the Great Regional Bank Panic of 2023, which essentially wiped out the previous weekend for anyone operating in the startup ecosystem. In the cover story below, our team recorded the stories of two dozen tech leaders, including Rippling CEO Parker Conrad, who not only spent the week raising $500 million for his own... Read more âș
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No matter what happens in Washington, TikTok needs to keep advertisers spending money on the app. The latest threat of a ban, made recently by a U.S. interagency committee, has prompted marketers to consider their alternatives, ad executives say. TikTok has been taking steps to reassure the ad industry, including convening a closed-door meeting with advertisers in New York last month where executives, including data security manager Andy Bonillo, explained... Read more âș
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On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief. The worst of the crisis had seemingly... Read more âș
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Not even a banking crisis could chill the fever sweeping San Francisco. Last Wednesday, as the tech industry recoiled from the collapse of Silicon Valley Bank, a party was scheduled at the offices of Maverick Ventures in an old army hospital in the Presidio. The venture capital firmâs partners were hosting the latest LangChain meet-up, a roving gathering for people working on artificial intelligence projects. Given the bleak financial news... Read more âș
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Andreessen Horowitz plays an outsize role in the startup ecosystem. But its influence among startups catering to creators is even greater. The firm has been a lead investor in at least one funding round for 23 companies in The Informationâs Creator Economy Database. No other firm comes close: The next most common backers of creator startups are Tiger Global Management and Seven Seven Six, with nine each. In part, that... Read more âș
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After a series of crypto collapses over the past year, Binance has cemented its position as the industryâs powerhouse. But the worldâs biggest crypto exchange by volume had been under mounting scrutiny from regulators even before the implosion of its top rival, FTX. Media reports over the past year have also revealed closer-than-disclosed ties between Binance and Binance.US, two firms that profess to be separate entities even though Changpeng Zhao,... Read more âș
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13.04.2026 11:17
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