In some ways, Source Code Capital is China’s version of Andreessen Horowitz—it’s a relative newbie to venture investing that has surged to the top echelons of the Chinese venture capital industry and raised billions of dollars—in large part thanks to founder Cao Yi’s early bet on ByteDance. In fact, some of the shares he got from an initial investment of less than $4 million in the company—the powerhouse behind the... Read more ›
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Three years ago, Tesla CEO Elon Musk pledged to halve the cost of batteries and produce a $25,000 electric vehicle for the mass market. Much of the savings was to come from changing how the batteries’ electrodes were produced, using a dry process that would eliminate thousands of gallons of chemicals, solvent and water.Now, in a new paper, Jeff Dahn, a principal battery engineer at Tesla and physics professor emeritus... Read more ›
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Talk about kicking the can down the road. Disney today extended CEO Bob Iger’s contract by two more years, giving him until the end of 2026 to fix the beleaguered House of Mouse. Oh, and he’ll work on a CEO succession plan, the company said, although it made the same comment when it brought Iger back to replace his short-lived successor (the other Bob—Chapek) last November. Yeah, we’ve all heard... Read more ›
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Venture capital investors face stiff competition in artificial intelligence startup deals from Google and Nvidia, which are increasingly winning stakes in the startups by offering founders price breaks on cloud computing or chips. But VC investors face competition from another quarter: corporations that are willing to pay top dollar to buy startups outright. Two recent AI acquisitions demonstrate the issue. Venture firm Menlo Ventures in May offered to invest in... Read more ›
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The parched market for initial public offerings is likely to see a new entrant soon: a canned water company. Liquid Death, the irreverent water brand backed by venture capitalists, has hired Goldman Sachs to lead a potential IPO as soon as next spring, according to a person familiar with the matter. The decision follows one of the few IPO “bake-offs”—the process by which banks vie for IPO business by pitching... Read more ›
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Two summers ago, when a group of employees who previously worked at newsletter and media startup Morning Brew was fundraising for their newsletter startup Beehiiv, they had to contend with Meta Platforms’ newly launched Bulletin newsletter service, Twitter’s Revue, as well as startup Substack, which had recently been valued at $650 million. A lot has changed since then. Beehiiv was “playing from behind,” said its CEO Tyler Denk in an... Read more ›
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Among the many unusual facts about OpenAI, the buzzy startup behind the hugely popular chatbot ChatGPT, the most extraordinary may be that Sam Altman, its CEO and co-founder, doesn’t have any equity in it. He gave up the opportunity for a huge potential payday, he says, simply because he doesn’t need the money. But Altman, 38, has a head-spinning number of investments in plenty of other companies he believes will... Read more ›
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Fierce competition between two of the hottest and most highly valued security startups has turned into a legal battle. Orca Security, which became known for spotting glaring security flaws in Microsoft software, on Wednesday sued its biggest competitor, Wiz, alleging it illegally copied patented software that monitors data stored on cloud servers. Orca’s lawsuit, filed in federal court in Delaware, claims that Wiz “was birthed from the very beginning as... Read more ›
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It’s hard to talk about crypto these days without bringing up regulation in the U.S., specifically, the Securities and Exchange Commission’s recent crackdown on top crypto exchanges Binance and Coinbase. Where does this leave NFTs? The SEC has gone after exchanges and other crypto companies by alleging that most crypto tokens they list are securities. And in February, a federal judge ruled that NBA Top Shot creator Dapper Labs must... Read more ›
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HSINCHU, Taiwan—For decades, Taiwan Semiconductor Manufacturing Co., the world’s largest chip manufacturer, has been notorious for its extreme culture of secrecy and security, designed to both prevent cyberattacks and to ensure that employees and outsiders don’t steal information about the company’s sophisticated manufacturing techniques. But the company has started to relax some of its cumbersome workplace security restrictions as it struggles to attract talent and retain existing workers, current employe Read more ›
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Lina Khan needs to work on her aim. A judge’s ruling today against the Federal Trade Commission’s request to block Microsoft’s purchase of Activision was so definitive that it has to hurt the regulator’s credibility, at least when it comes to tech cases. Coming immediately after a similar defeat involving Meta Platforms, the ruling suggests that by going after all tech, all the time, Khan is overreaching and risks achieving... Read more ›
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TikTok’s efforts to encourage its users to buy goods directly from the app, dubbed TikTok Shop, have gotten off to a slow start, as my colleagues reported earlier this year. But some influencers who have gained a following on the short-form video app have found some early success.Arlene Resendiz, a 29-year-old tutor who teaches math tips and counts 1.5 million followers under her main TikTok handle @silentmath, generates most of... Read more ›
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TikTok’s parent company, ByteDance, will offer U.S. employees a chance to sell their shares later this year, an indication that the firm isn’t planning to go public anytime soon, a person familiar with the matter said. ByteDance officials told employees the share sale plan would occur in the fourth quarter. It’s unclear whether the company would buy back the stock itself or line up new investors for the sale. It’s... Read more ›
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When Abhi Yadav, co-founder of the Cambridge-based AI Innovators Community forum, was preparing a June summit for artificial intelligence startups, he reached out to Silicon Valley Bank to see if the lender would support the conference. “They jumped on it,” Yadav said. The event wound up drawing 150 executives. SVB’s director of sales origination, Lisa Puleo, hosted a lightning pitch round for dozens of startups. “It’s not your imagination—we are... Read more ›
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It’s July, which means on the East Coast it’s hot and humid and in San Francisco it’s winter. It also means we’re in a news desert, which partly explains the breathlessness (not to mention brainlessness) of much of the coverage of Threads’ rapid rise to 100 million downloads. Leave aside the fact that it’s easier to get to 100 million downloads quickly when you’re mining an existing user base like... Read more ›
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Earlier this year, we started asking our readers to submit their questions about the creator economy. Today I answer questions on how startups can reach creators, the downside of repurposing posts and how much influencers really make. Read previous Mailbag editions here and here. You can submit more questions through this page on The Information’s Forum, or feel free to email me directly kaya@theinformation.com.What marketing channels are startups using to... Read more ›
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Mark Zuckerberg and his longtime lieutenant, Andrew Bosworth, were at odds. It was mid-2019 and the two men held a series of discussions about Meta Platforms’ plans to build futuristic eyeglasses, part of Zuckerberg’s ambitions to control the hardware underpinnings of the next wave of technology. Bosworth—the imposing 6-foot, 2-inch executive who led Meta’s hardware division—wanted to focus on building augmented reality glasses that would blend digital images with the... Read more ›
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As major Western automakers have struggled to make the transition to electric vehicles, they have stubbornly favored nickel-based batteries, even though they are costlier and subject to more supply chain snarls than the iron-based batteries used by market leaders Tesla and China’s Byd. A primary objection to iron-based batteries has been that they are not economically recyclable, diminishing their value.But over the last year or so, little noticed in the... Read more ›
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Twelve days before last Christmas, Marina Rosa, an artificial intelligence engineer in São Paulo, Brazil, walked into a neighborhood tattoo parlor and laid her left arm on the table. Rosa then asked artist Nadine Guerra to give her a tattoo made up of various elements, including a 1950s-style female cyborg, an abstract squiggle, and four small items that look like stereo speakers. The art was then permanently inked onto Rosa’s... Read more ›
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Hi, welcome to your Weekend.Since we launched our Weekend section in November 2021, we’ve been near-obsessive chroniclers of the generative AI boom. Our very first cover story, written by yours truly, was on Sam Altman and his optimistic vision for OpenAI. We followed that up with reports on how AI image generators would disrupt the design profession, the software that launched a thousand music deepfakes and the e-commerce companies searching... Read more ›
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22.06.2026 07:47
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