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Wayne Ma @ The Information 2 place · 07/06/2023 09:00 EDT

Inside Google’s Efforts to Develop Custom Chip for Pixel

Google has big ambitions to develop its own chips for its Pixel phones. So far, however, things haven’t gone according to plan. The search giant has delayed by at least one year the release of its first fully customized chip, which would act as the brains for its Pixel line of smartphones, according to two people with direct knowledge of the situation. Google had originally planned to release the chip,... Read more â€ș

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The Information
Steve LeVine @ The Information · 07/06/2023 07:30 EDT

The Electric: The U.S. EV Industry is in the Line of Fire in China’s Trade Retaliation

Chinese restrictions on the export of two key materials for the high-tech and defense industries could be a harbinger of problems for Western makers of electric vehicles. China’s Commerce Ministry on Monday said it would require permits for the export of gallium and germanium beginning next month. The timing of the announcement, just ahead of U.S. Treasury Secretary Janet Yellen’s arrival today in Beijing, underscored the chilly nature of U.S.-China... Read more â€ș

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The Information
Martin Peers @ The Information 3 place · 07/05/2023 20:00 EDT

What Threads Could Mean for Meta
and Twitter

If there’s a tech billionaire the news media hates more than Mark Zuckerberg, it's Elon Musk. That's why you're seeing an unusual deluge of positive coverage for Meta Platforms' Twitter rival app, Threads, which formally launched a short time ago. The positivity won’t last, to be sure. Before too long—give it a week—someone in the media will discover that Meta is collecting user data on Threads (shocking!) for advertising purposes,... Read more â€ș

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The Information
Isabelle Sarraf @ The Information · 07/05/2023 17:46 EDT

Instagram’s Threads App Courts Creators; How One Reddit App Is Surviving

Creators have told us they would like more texting features to reach fans on the platforms where they already spend time—and Instagram seems to be listening. Ahead of the rollout of Threads, its text-focused app expected to launch this week, it’s been courting creators. The separate app, which describes itself as a “text-based conversation app,” allows users to “follow and connect directly with your favorite creators,” according to its description... Read more â€ș

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The Information
Sahil Patel @ The Information 1 place · 07/05/2023 15:49 EDT

BuzzFeed’s Peretti Is Hoping to Raise $150 Million From Sale of Complex Assets

For months, BuzzFeed stock has traded so low that the Nasdaq recently threatened the company with delisting. With BuzzFeed’s effort to sell Complex Networks, a group of websites targeted at people in hip-hop, fashion and sports, CEO Jonah Peretti has the chance to transform Wall Street’s view of the company. Peretti is asking $150 million for a group of Complex assets, including its annual ComplexCon festival and its video series... Read more â€ș

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The Information
Akash Pasricha @ The Information 3 place · 07/05/2023 12:01 EDT

Checking in on Crypto’s Most Promising Startups

Can you believe it? We’re already halfway through 2023! To mark the occasion, Aidan Ryan and I caught up with our 2022 list of the most promising startups in crypto, first published in October, to see how they’ve held up.In an industry that has undergone a tremendous transformation, with collapses like FTX and BlockFi and the SEC cracking down on Coinbase and others, it’s worth pointing out that all six... Read more â€ș

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The Information
Adam Bly @ The Information 2 place · 07/05/2023 12:00 EDT

This Is the Help Congress Needs to Regulate AI

When OpenAI CEO Sam Altman testified before Congress in May about the existential risks large-language models and other generative artificial intelligence technologies pose to humanity, there was an elephant in the room. Who believes that Congress—in its current state, at least—is capable of designing and agreeing upon effective rules to manage this complex and far-reaching technology? Case in point: Last week, Senate Majority Leader Chuck Schumer outlined a plan for... Read more â€ș

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The Information
Aidan Ryan @ The Information · 07/05/2023 09:00 EDT

Crypto VCs Wrest Power Back From Founders

Venture capitalists are becoming a little more demanding of crypto firms. At the height of the crypto boom, venture investors were so focused on winning hot deals that they didn’t push for audited financial statements or board seats. Now some are demanding both, venture capitalists and outside accounting providers say. Some are also insisting startups hire part-time finance executives, known as fractional chief financial officers, to watch over their financial... Read more â€ș

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The Information
Kevin McLaughlin @ The Information 2 place · 07/03/2023 20:00 EDT

Longtime Microsoft Executive Gurdeep Pall to Depart

Gurdeep Pall, a 33-year Microsoft corporate vice president who helped build and promote key products like Windows, Skype and Bing, recently informed colleagues that he plans to retire from the company in September, according to people with knowledge of the matter. Since joining Microsoft in 1990, Pall has served as a high-profile executive under former CEOs Bill Gates and Steve Ballmer and current CEO and Chairman Satya Nadella, frequently appearing... Read more â€ș

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The Information
Martin Peers @ The Information 1 place · 07/03/2023 20:00 EDT

Reddit Battle Spotlights Existential Question

It’s that point of the early summer when many in tech and business take a well-deserved break. Aside from the nonstop machinations of Elon Musk—whose only purpose in life, apart from transforming cars and rockets, seems to be keeping journalists employed—the most interesting tech news story of recent days centers on Reddit. The site’s volunteer moderators have been rebelling for weeks at fees the company has imposed on apps that... Read more â€ș

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The Information
Isabelle Sarraf @ The Information 2 place · 07/03/2023 17:54 EDT

Creator-Focused AI Startups Draw Investor Dollars (Chart)

Artificial intelligence advances are piquing investor interest in creator economy startups, according to our latest update to the Creator Economy Database.Since we reported preliminary funding for creator economy startups in mid-June, we’ve tracked eight more funding rounds raised in the second quarter. Three back startups that use AI-based technology to develop their products and one big one, for Runway, has nearly doubled the quarterly total since we published those early... Read more â€ș

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The Information
Mark Matousek @ The Information · 07/03/2023 09:00 EDT

The People Who Run Chime

Chime aims to undercut traditional banks by being more consumer friendly. Its management team’s experience reflects that approach. None of the seven executives reporting to Chime CEO Chris Britt has ever worked at a traditional bank. Instead, the team mostly came out of either financial services firms such as Visa and LendingClub or consumer tech such as Ring. It’s a similar story for Britt, who worked for Visa for three... Read more â€ș

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The Information
Steve LeVine @ The Information 3 place · 07/03/2023 07:30 EDT

The Electric: The IRA Has Triggered a Nickel War

In December 2021, Sen. Joe Manchin (D-W.Va.) killed one of President Joe Biden’s signature initiatives—an extension of the $7,500-a-vehicle consumer tax credit on the sale of electric vehicles, which he said did not need public subsidies. Months later, though, Manchin said he would go along with the subsidies—if they were tied to a robust effort to build a U.S. battery industry, from mining to metals processing and battery assembly, and... Read more â€ș

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The Information
Annie Goldsmith @ The Information 1 place · 07/01/2023 10:31 EDT

The Cereal Influencers of SoHo

Pop Up Grocer looks like it was created as much for social media as for real-life shopping. Walking around the bright, checkerboard-floored West Village market one day last month, I felt like I was stepping inside an Instagram post. On an eye-level shelf in the center of the store (prime real estate, as every packaged food distributor knows) was a pair of pastel Magic Spoon cereal boxes filled with gluten-free,... Read more â€ș

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The Information
Jon Steinberg @ The Information 1 place · 07/01/2023 09:00 EDT

A Mogul Smackdown We Could Get Behind

Hi, welcome to your Weekend.It should be pretty clear by now what a lame idea the whole Mark Zuckerberg vs. Elon Musk cage match was. The spectacle of two middle-aged men working out their self-esteem issues by beating on each other was not worthy of their companies—or our time. But a pitch from the producers of the Discovery show “BattleBots” offered a far more productive use of Mark and Elon’s... Read more â€ș

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The Information
Anissa Gardizy @ The Information 1 place · 06/30/2023 22:32 EDT

Nvidia Acquired AI Startup That Shrinks Machine-Learning Models

Nvidia in February quietly acquired OmniML, a two-year-old artificial intelligence startup whose software helped shrink machine-learning models so they could run on devices rather than in the cloud, according to a spokesperson and LinkedIn profiles of former OmniML employees who now work at Nvidia. The acquisition could be a sign that the chipmaker, whose data-center server chips have fueled a recent AI boom and enabled chatbots including ChatGPT, wants to... Read more â€ș

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The Information
Jessica E. Lessin @ The Information · 06/30/2023 18:40 EDT

Introducing ‘More or Less’: MMA, M&A and ‘Misfits’

When I moved to Silicon Valley in 2008, Brit and Dave Morin were two of the first people I met. They were working at Google and Facebook respectively, and I had a lot to learn from them as I set out to understand the world of tech. Soon after, my now husband Sam joined me in the Bay Area, and the four of us became close friends and sounding boards... Read more â€ș

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The Information
Cory Weinberg @ The Information · 06/30/2023 14:00 EDT

Fifteen Years After Founding Grindr, Joel Simkhai Has ‘Unfinished Business’

On a sweat-soaked New York afternoon over Pride Weekend, a short line formed outside a dark bar on the Lower East Side. After checking customers’ IDs, a boyish-looking bouncer at the front door asked if they’d downloaded the app they needed to get in: “Do you have Motto?” I pulled up the app, its home screen affixed with the photo of an anonymous man—handsome, smiling, hairy and shirtless—and a clock... Read more â€ș

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The Information
Chris Stokel-Walker @ The Information 3 place · 06/30/2023 12:00 EDT

Rishi and the VCs: London Is Calling, and Silicon Valley Is Happy to Answer

It was the worst-kept secret in U.K. tech. For months, the Conservative government of Prime Minister Rishi Sunak had been wooing Sam Altman’s OpenAI, trying to coax the San Francisco–based artificial intelligence firm into opening its first non-U.S. office in London. Then, in early June, two weeks after Altman met with Sunak in his official residence at No. 10 Downing Street, the U.K. government published a press release that claimed... Read more â€ș

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The Information
Anissa Gardizy @ The Information · 06/30/2023 11:00 EDT

Pro Weekly: Updates to Our Database of the Biggest Cloud Spenders

Welcome back!I’m Anissa, a reporter on cloud computing for The Information. This week we published numerous updates to our Cloud Database, which tracks how much companies spend on cloud computing and with which providers. We also added cybersecurity firm Rapid7 to the list, which now includes 77 companies. Together, they spend more than $13 billion a year on cloud computing services. Amazon Web Services remains the leading cloud provider for... Read more â€ș

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