Welcome, Weekenders! In this newsletter:• The Big Read: Pickleball is the past—the tech elite is obsessed with padel. • Plus, an Americana-themed batch of Recommendations—our weekly pop culture picks: “The Americans,” “East of Eden,” “High Desert Daydream,” “Lonesome Dove,” USA vs. Belgium, and “The Twilight Zone.” The year’s midpoint is an apt moment for some studied reflection, and I’ve been thinking about how much has changed in the last six... Read more ›
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For years, Klaviyo’s best partner was e-commerce giant Shopify. Now, as the marketing software firm once valued at $9.5 billion gears up for an initial public offering, it’s looking to make new friends. Most of the 110,000-plus merchants paying for the company’s software are e-commerce sellers who host their sites on Shopify. But Klaviyo is now trying to diversify its customer base, in part by overhauling its sales force to... Read more ›
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Trailing rivals in the U.S. and China, once high-flying electric vehicle battery developer QuantumScape is lowering its ambitions and aiming to make smartphone-size batteries, a pivot it hopes will restore its momentum and contain the damage from a delayed production ramp.Until now, the San Jose, Calif., company has sought to make a single product—large pure lithium metal batteries delivering far longer EV driving range than current lithium-ion batteries can. But... Read more ›
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Uh oh. Here we go again. In today’s headlines: TikTok, which could use some positive press attention at the moment, has begun allowing publishers to sell ads alongside their videos while keeping half the revenue. And some big publishers are taking it up on the invitation.The Wall Street Journal heralds the move thusly: “The opportunity to sell ads in social media’s hottest app comes as many publishers are struggling to... Read more ›
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More videos created with the help of AI tools are circulating online. In one of the latest examples, a commercial for an imaginary pizza chain created by a video producer with the handle Pizza Later garnered more than half a million views across YouTube, Reddit and Twitter. The anonymous producer used a bevy of AI tools, including OpenAI’s GPT-4 technology for the script, Midjourney to generate images, and Runway’s Gen-2... Read more ›
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Reduced profits and declining share prices hit many tech workers last year where it hurts—in their wallets. Median pay for employees declined in 2022 at at least 18 well-known tech companies, according to an analysis of securities filings by The Information. At two companies—Snap and Cloudflare—median pay declined more than 30%. Read more ›
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These days it seems like crypto venture capitalists can’t stop talking about blockchain infrastructure. But that doesn’t mean everyone is all in on the idea.Many VCs have been pulling back from flashy consumer startups following the blowup of FTX, favoring safer bets on software that helps power the back end of blockchains. But Alok Vasudev, co-founder of venture firm Standard Crypto, says now is the time to take risks on... Read more ›
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A flock of big-name investors—Andreessen Horowitz, Thrive Capital, Founders Fund and even Jack Ma and George Soros—piled into Cadre six years ago at an $800 million valuation, seeing potential in its promise to bring commercial real estate investing to the masses. The company, co-founded by Jared Kushner and former Blackstone employee Ryan Williams, told investors then that its “addressable market opportunity is $100+ trillion.” But the New York–based company failed... Read more ›
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Are we at peak ChatGPT hype yet? It seems every company has got the memo that they need to declare how they’re using the technology. Just today, for instance, we heard from Uber (artificial intelligence will help Uber predict ETAs more accurately for riders), Box (announcing Box AI, “a breakthrough in how you can interact with your content”) and Snap, pitching advertisers on how they can put ads into its... Read more ›
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It’s hasn’t been an easy few years to be the head of TikTok’s U.S trust and safety team, as the popular app deals with everything from reports its algorithm promoted eating disorders and suicide content to misinformation. Now it’s in search of a new leader. Eric Han, who was responsible for overseeing efforts to police harmful content on TikTok in the U.S., is leaving the company next week, according to... Read more ›
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Sign up for Rosen’s newsletter, Parqor, part of The Information’s newsletter network. As of midnight last night, Hollywood’s writers are on strike. Their demands for better pay and better job security seem like the beginning of the end of this digital chapter in our entertainment industry. I would argue, however, that the true origin point was actually a couple of weeks ago, when Netflix announced in a blog post that... Read more ›
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Not everyone trusts OpenAI’s ChatGPT. While the new artificial intelligence–powered chatbot has proved popular with some businesses looking to automate business tasks, other companies, such as banks, have avoided adopting ChatGPT for fear that their employees would inadvertently give the chatbot proprietary information when they use it. Microsoft, which has the rights to resell the startup’s technology, has a plan to win over the holdouts. Later this quarter Microsoft’s Azure... Read more ›
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Talk about mixed feelings. Anyone who banks with First Republic is surely feeling relieved today, now that JPMorgan Chase has essentially taken over the bank in a rescue deal brokered by the federal government. After weeks of worrisome headlines and a steadily falling stock price, this is a good outcome for customers—even if it’s a disaster for shareholders. Still, we’ll miss (yes, I’m a customer) the free cookies and umbrellas... Read more ›
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When business payments firm Bill.com went public in November 2019, the banks leading the initial public offering included Goldman Sachs, Bank of America and Jefferies. Missing was JPMorgan Chase, despite the fact that it had worked closely with the Palo Alto, Calif.–based company. Among other endeavors, JPMorgan made a strategic investment when it led Bill.com’s $100 million financing round in 2017 and even inked a deal to integrate the firm’s... Read more ›
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We are living in interesting times. Recent advances in generative artificial intelligence are forcing social networks like TikTok, Twitter and Instagram to grapple with videos and posts that use AI to make facsimiles of real artists and public figures. The output can be lighthearted—think Pope Francis in a Balenciaga puffer. But the technology can spread political disinformation and violate artists’ copyrights. In a sign of how things are playing out,... Read more ›
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Some viral TikTok videos may soon show a new type of label: that it’s made by AI. The ByteDance-owned app is developing a tool for content creators to disclose they used generative artificial intelligence in making their videos, according to a person with direct knowledge of the efforts. The move comes as people increasingly turn to AI-generated videos for creative expression, which has sparked copyright battles as well as concerns... Read more ›
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Big tech companies such as Meta Platforms, Alphabet and Microsoft have become more careful about spending over the past few months, with each laying off thousands of people. But all three are ramping up spending on servers and other technical infrastructure to gain the capacity to build and sell more artificial intelligence tools. The spending reflects the gold rush mentality that has taken hold in tech as companies race to... Read more ›
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After three years of pandemic lockdowns that kept out most foreign visitors, China last week concluded a mobbed Shanghai Auto Show, and people returning from the event had a near-unanimous message: Chinese electric vehicle makers are coming to the West, and legacy auto and battery makers appear unready to defend their turf.The verdict seemed ominous: Analysts and the executives of legacy automakers raved about the range, quality and technology on... Read more ›
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A special committee of IRL’s board of directors suspended CEO Abraham Shafi on Friday after receiving a report from outside counsel that outlined a pattern of misconduct by Shafi, an IRL spokesperson told The Information. The spokesperson declined to offer details on the misconduct described in the report or disclose which law firm prepared the report. Scott Kauffman, who has previously served as CEO for tech and media firms including... Read more ›
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After spending six months alienating many of Twitter’s biggest users, Elon Musk’s Twitter is now trying to woo creators. For the past few weeks, Twitter has been encouraging creators to sign up for its subscription product, through which users pay creators a few dollars a month to receive content that’s behind a paywall, as well as a badge denoting their subscriber status. Twitter’s director of product management overseeing subscriptions, Patrick... Read more ›
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Hi, welcome to your Weekend.While we wait around for another bank to collapse (First Republic, we hardly knew ye), the opposite is happening in social media. A thousand new apps are blooming! With Bluesky and Lemon8 and Mastodon and T2 soaking up attention, it feels like 2008 again in the Valley—except that all the coding is being done by GPTs instead of humans. This week, Arielle examines the great race... Read more ›
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09.07.2026 11:46
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