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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The year was 2008 or so and Silicon Valley was in full swing. As an internet reporterâthis is back when most of the internet companies were under one beatâit was my job to cover announcements out of Google, Yahoo, Facebook and the other rising tech giants. And I was pretty busy. Facebook was expanding to new geographies, and Google responded to the social networking upstart by previewing its own Facebook... Read more âș
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Venture capitalists just gave a master class in how not to handle a crisis. My sympathy goes out to the founders. Theyâve been bombarded with conflicting advice for days, from all-caps emails written by panicked âseasonedâ venture investors urging them to pull their funds out of Silicon Valley Bank, to emergency Zoom calls asking them to stand by and support the collapsed institution. Venture capitalists are supposed to help founders,... Read more âș
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The threat of a TikTok ban is once again a real possibility, after U.S. officials said the ByteDance-owned app needed to rid itself of its Chinese ownership. Creators, having been through this rigmarole three years ago, are more prepared this time.In August 2020âwhen a U.S. ban felt imminent under former President Donald Trumpâmany of them encouraged their fans to follow them on other platforms including YouTube and Instagram. Even though... Read more âș
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The Chinese government is likely to oppose any attempt by the Biden administration to force TikTokâs Chinese shareholders to sell their stakes in the hugely popular app, said China-based lawyers and investors, setting the stage for a protracted standoff between Beijing and Washington over the future of TikTok. âWhy would China agree? Would you agree if you were in charge in Beijing?â said one Chinese tech founder, who added that... Read more âș
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Two years ago, when Stripe raised money at a valuation of $95 billion, the payments giant had such an upper hand over investors that it could institute some highly unusual conditions in its fundraising round. Investors had to agree to hold onto their shares for four years after the company went public. And Stripe had the option to sell them even more shares at the 2021 roundâs valuation, according to... Read more âș
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On Thursday, First Republic Bank CEO Mike Roffler hashed out a $30 billion rescue plan for his bank with the biggest institutions on Wall Street at the urging of the federal government. But less than two months ago, he was pleading with the Federal Reserve and the Federal Deposit Insurance Corp. to exclude his San Francisco-based lender from proposed new banking rules designed to help protect the financial system in... Read more âș
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It started with a text from a tech investor last Wednesday afternoon. Shares in Silicon Valley Bank were tanking following the announcement of an emergency stock sale, the person told me. The bank that I had used to establish The Information 10 years ago, and that I had stuck with since, was in danger of spontaneously combusting. The investor was warning me to get my money outâASAP. But the first... Read more âș
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What a difference a month makes. In early February readers of The Information were optimistic about 2023, with nearly three times as many respondents saying they expected conditions for tech companies to improve over the next six months as expected conditions to worsen. Now that sentiment has reversed. By more than 2-to-1, respondents to our latest survey expect conditions to worsen. Optimism also declined about each of the 14 well-known... Read more âș
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One of the central tensions of the past 30 years when it comes to art and culture has been the need to balance the unbridled creativity afforded us by the internet with the ability of our legal institutions to make sense of who owns it. Since the artificial intelligence revolution began in earnest last summer with the launch of OpenAIâs Dall-E 2, the guiding wisdom has been that these early... Read more âș
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During Thomas Kurianâs nearly five years at the helm of Googleâs cloud-server business, the unit has raised its profile by inking long-term agreements with companies such as Deutsche Bank, Dun & Bradstreet Holdings and Mayo Clinic. But Google Cloud has struggled to get those companies to quickly increase their spending on cloud services, according to two current sales managers and four people who do business with Google Cloud. So Kurian... Read more âș
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What a bunch of Keystone cops. Thatâs the only way to think about the national security folks behind the latest U.S. threat to ban TikTok. As The Information reported just now, following an earlier report from The Wall Street Journal, the Biden administration is demanding that Chinese tech giant ByteDance sell TikTokâor else face a ban. Thatâs exactly what Donald Trump threatened to do in the summer of 2020 for... Read more âș
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As potential buyers circle the remnants of Silicon Valley Bank and its affiliates, one asset could be particularly appealing: the companyâs venture capital arm. The unit manages $9.5 billion with stakes in many of Silicon Valley's top-tier venture firms, including Sequoia Capital, giving it indirect access to some of the tech industryâs most valuable startups, such as Stripe. Previously unreported documents show SVB Capital invested $234 million in Sequoia Capital... Read more âș
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The Biden administration in recent days demanded that Chinese internet giant ByteDance sell TikTok despite the companyâs yearslong effort to avoid such a decision, according to a person briefed about the situation. U.S. officials told TikTok to rid itself of Chinese ownership and implied the app could face an outright ban if ByteDance doesnât comply, this person said. The threat of a ban suggests the company has failed to win... Read more âș
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With the April 18 tax deadline creeping up, many creators are firing up QuickBooks for the first time and wading through online forums to identify the tax write-offs they can claim. Itâs not as intuitive as it seems, particularly for those new to reporting income from their online careers that have to string together multiple sources of income such as deals with different brands. Instead of W-2 forms, theyâre keeping... Read more âș
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âWhack-a-mole of banking activity.âThat was how Circle CEO Jeremy Allaire described the current crypto banking climate, when I caught up with him Wednesday. And heâs right! Over just a few short days, crypto-focused banks Silvergate Bank and Signature Bank and startup favorite Silicon Valley Bank all collapsed. While Silicon Valley Bank had counted some crypto companies among its vast number of startup clients, the Silvergate and Signature meltdowns were especially... Read more âș
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Microsoft is poised to announce a suite of Office 365 tools powered by GPT-4, the powerful new artificial intelligence software made by OpenAI. But now Microsoft is facing an internal shortage of the server hardware needed to run the AI, according to three current Microsoft employees. That has forced the company to ration access to the hardware for some internal teams building other AI tools to ensure it has enough... Read more âș
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The U.S. government will likely only sell Silicon Valley Bank to another bank, people familiar with the matter said, essentially ruling out the private equity firms and venture capitalists that had been exploring making a bid. The Federal Deposit Insurance Corp. took over SVB, which failed Friday, and is in the process of selling it. A person familiar with the sales process said there is virtually no chance SVB would... Read more âș
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The NBA is one of the most popular sports leagues in the world. It also has high hopes for squeezing far more money out of media outlets in negotiations for future TV broadcast rights, in part because tech giants including Amazon and Google have told the league of their interest in streaming the games. According to two people who have recently spoken with the NBA, the league wants to triple... Read more âș
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As if the technology industry hadnât spit out enough news lately, today brought another big batch of headlines. Once again techies are closely tracking the arrival of OpenAIâs latest conversational artificial intelligence model, dubbed GPT-4. And then there are the sweeping layoffs at Meta Platforms. News of the layoffs, expected to total a whopping 10,000, was largely expected based on news reports. But what I didnât expect was the form... Read more âș
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When Silicon Valley Bank was crumbling last week, eyes turned to the biggest lender in the countryâthe bank that had stepped in to save failing competitors during the financial crisis in 2008, whose CEO has been called âAmericaâs bankerâ and whose views and decisions influence the corporate world. But JPMorgan Chase was nowhere to be foundâand its absence from the SVB crisis was purposeful, according to people familiar with the... Read more âș
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13.04.2026 11:17
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