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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Spark Capital is leading a $300 million investment in artificial intelligence startup Anthropic, one of the primary startup challengers to OpenAI, at a pre-investment valuation of $4.1 billion, according to two people familiar with the matter. The deal follows a $400 million investment in the startup by Google, one of the people said. The valuation for the two-year-old company, which has made very little revenue, reflects the recent fervor in... Read more ›
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Is crypto about to be unbankable? Crypto-friendly bank Silvergate is teetering, saying last week it could be left “less than well capitalized” after a run on deposits and shutting off its Silvergate Exchange Network payments system for crypto companies and big traders. The bank had been suffering from significant withdrawals following the collapse of FTX, which was a major customer.The news prompted top crypto firms like Coinbase, Galaxy Digital and... Read more ›
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Better.com is staring into the abyss. The SoftBank-backed mortgage lender is fighting to survive amid high interest rates that have crushed its core refinancing business. In an interview with The Information, its founder and CEO—who went viral in late 2021 when he sacked 900 employees on a Zoom call—didn’t rule out further staff cuts, even though previous layoffs have already shrunk Better.com’s headcount to 1,200 from 11,000 in 2021. In... Read more ›
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A core pillar of LinkedIn’s revenue growth in recent years, its recruiting services business, is under pressure as customers rebel against the company’s prices. LinkedIn has hiked the fees it charges for recruiter subscriptions so much that in recent months, as companies have slowed hiring, some tech firms and specialist recruiting agencies are cutting their spending on the social network, LinkedIn customers and people who work with them say. In... Read more ›
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Twitter CEO Elon Musk was speaking at a Morgan Stanley conference around the corner from our office in San Francisco today. You can’t have a conversation in Silicon Valley these days without him coming up. It’s not just that tech people love to talk about Twitter (and they do). It’s also that they love to talk about CEOs and their styles and what kind of leader they themselves want to... Read more ›
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TikTok sent a message to some creators this week inviting them to join top company executives in Washington D.C. in late March as the ByteDance-owned company continues to fight calls for a ban of the app in the U.S.The trip would include “standing side by side with creators and the TikTok team at the U.S. Capital” to show TikTok’s positive impact, according to a message reviewed by The Information. “Your... Read more ›
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Crypto companies need banks to operate—but finding one is getting a lot harder. During the crypto boom of recent years, a number of small banks looked past potential risks to embrace the fast-growing crypto industry. Now, following the implosion of FTX, top crypto-friendly bank Silvergate Bank is struggling to stay afloat and Signature Bank is cutting back on working with crypto customers. That means crypto companies, whose customers need a... Read more ›
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Over a decade ago, journalist Eric Felten claimed that “most of us make more legal agreements in a year than our grandparents made in a lifetime.” The same statement—if we equate “legal agreements” with “written contracts”—would be true today only if you changed “in a year” to “every day or two.” So entwined are written contracts in our lives that unwinding them all may seem hopeless. That’s why even though... Read more ›
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Ariel Cohen took the stage sipping champagne before 9 a.m. in front of more than 3,000 of his employees last month. Dozens of the travel software company’s workers, wearing purple pajamas, had just slept at the firm’s Palo Alto office. Another executive urged employees to get up and dance. They were celebrating a rebrand of the company, formerly known as TripActions, to Navan. Executives viewed it as an important step... Read more ›
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Comedian Louis C.K. had a smart observation a few years ago about how quickly people become blasé about the wonders of modern life, such as plane flight. His commentary came to mind after I read my colleague Wayne Ma’s story this morning about Apple’s rocky business marriage with Samsung. Among other things, the story describes how hard it is to make the OLED displays used in iPhones of recent years.... Read more ›
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When travel creator Tanyka Renee Henry is stuck on an idea, she sometimes turns to a virtual source of help: Jasper AI, an artificial intelligence-powered copywriter. Henry, who has 320,000 Instagram followers, says she uses Jasper to help her come up with written material for social media captions, business pitches, or the newsletter she sends out through her personal website. “Sometimes I have some brain fog and I can’t get... Read more ›
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There are complicated relationships in the tech industry. And then there is the rocky marriage between Apple and Samsung Electronics. While Apple has long depended on the Korean electronics giant to supply key parts for the iPhone, it has also waged a long-running court battle against Samsung, accusing it of ripping off Apple patents in its own line of smartphones. The two companies settled their legal squabbles five years ago,... Read more ›
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Hi, welcome to your Weekend!Ever since Covid lockdowns began three years ago, young people have seemed a bit adrift. I see it at home with my two daughters, 13 and 11, who still can’t break some of the annoying screen habits they formed during the pandemic. I see it with their public school peers in San Francisco, many of whom are still climbing out of the pedagogical hole that their... Read more ›
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Elon Musk is running into an obstacle in his relentless drive to cut costs at Twitter: some of the same vendors that Twitter is squeezing to save money are also its advertising clients. As recently as last month, Twitter sales and marketing staff were told by their colleagues that Amazon had threatened to withhold payment for advertising it runs on Twitter because the social network for months refused to pay... Read more ›
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The 6-second video (caption: “When dad gets the #boxball for Christmas”) seems like standard TikTok fare. Posted on December 26, it features a white-haired man in glasses punching at a red ball. The ball is attached to the man’s forehead by a bungee cord. The man keeps trying to jab the target, but like a cat pawing at a laser beam, he keeps whiffing. Then, after 4 or 5 seconds,... Read more ›
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On October 19, 2020, Jai Bhavnani paced around his University of Southern California dorm room in his pajamas, sending nervous Snapchats to his friends. It would either be a night for celebration or one for damage control. Los Angeles native Bhavnani, who was just 18 years old at the time, had founded the decentralized finance platform Rari Capital with two other teenagers half a year earlier. But that night, the... Read more ›
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Eric Zhu, 15, was zooming me from his high school bathroom. “We got kicked out of the janitor’s closet,” he explained, holding up a pink hall pass that lets him leave class anytime he wants. (He said he had to fabricate some “urinary issues” to convince his school to give it to him.) The boys’ room is now where Zhu and his co-chief technology officer Micah Johnson, 16, takes their... Read more ›
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Brothers Navid and Natheem Nathoo are on a quest to create “unicorn people.” That is, young people who want to learn about nanotechnology, blockchain, synthetic biology, artificial intelligence and more, and who welcome questions with no possible solutions. “We want to get kids comfortable with ambiguity,” said Navid. And so, seven years ago, the Navoos created The Knowledge Society, a 10-month-long program to expose youth to new technologies and new... Read more ›
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Welcome back to the Pro Weekly! We hope you’re enjoying The Information Pro and finding insights in our databases. We’ll be updating them as we learn more, so check back often. Next week, look for additions to the Cloud Database. This week, we published results from our reader survey, which will be a monthly feature. By a 51% to 18% margin, readers expect conditions for tech to improve over the... Read more ›
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Shein, the online fashion giant that started in China, recently had an interesting pitch for both Amazon and Google. As it considered buying more advertising on Google properties and more cloud time on either Amazon or Google, Shein executives wondered whether either company might be interested in buying a stake in it, people familiar with the situation said. The idea didn’t get very far. Neither U.S. firm appears to have... Read more ›
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13.04.2026 14:45
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