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The Information
Kalley Huang @ The Information · 07/18/2025 16:13 EDT

Meta Won’t Sign EU’s AI Code of Practice

Meta Platforms will not sign the European Union’s code of practice for artificial intelligence, a voluntary framework meant to help companies comply with the EU’s AI Act, Meta Chief Global Affairs Officer Joel Kaplan said on Friday in a post on LinkedIn. He said the code is a form of overreach. ... Read more

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The Information
Sahil Patel @ The Information · 07/18/2025 15:33 EDT

Substack Raises $100 Million

Substack, the publishing platform for writers that started out as a newsletter service, has raised $100 million, which it will use to invest more in its app, new creator tools and expanding the platform to new markets. Substack will also expand its business into advertising. The Series C funding ... Read more

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The Information
Steve LeVine @ The Information · 07/18/2025 12:15 EDT

A Flying Taxi Finally Nears Takeoff With an Unlikely Boost From Toyota

We all grew up with wide-eyed ideas of flying cars—you know, one day zipping around town like the Jetsons. Their failure to materialize so disappointed investor Peter Thiel that he quipped: “We wanted flying cars; instead we got 140 characters.” You’re free not to believe him, but JoeBen Bevirt is here to tell you we are now close—very close—to having flying cars. Next year, Bevirt said, Joby Aviation, the electric... Read more

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The Information
Catherine Perloff @ The Information · 07/18/2025 09:00 EDT

The Education of Roku’s Anthony Wood

For years, Roku founder and CEO Anthony Wood ran the streaming device maker with some strict rules. He wouldn’t allow advertisements on the Roku home screen—the first thing its viewers see when they switch on their TV—for anything besides other entertainment companies. He also wouldn’t allow the home screen to promote individual shows, preferring icons of streaming apps. But as Roku’s once-explosive growth has slowed and the streaming TV market... Read more

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The Information
Qianer Liu @ The Information · 07/17/2025 21:55 EDT

Cursor Blocks China-Based Coders from Accessing U.S. AI Models

Cursor has restricted China-based users from accessing U.S. models offered by its coding assistant software, such as Claude-4-Sonnet and Gemini-2.5-Pro, according to three users. These users received notifications stating that these models had become unavailable due to location-based ... Read more

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The Information
Yueqi Yang @ The Information · 07/17/2025 20:00 EDT

As Crypto Bill Passes, Bank Bosses Feel Heat

The crypto industry today scored its biggest win in Congress with the passage in the House of Representatives of the Genius Act. The bill, which the Senate cleared last month, legitimizes and regulates stablecoins, crypto tokens pegged to the U.S. dollar. President Donald Trump is expected to sign it quickly. It’s a moment of rejoicing for crypto, which has bounced back from an excruciating downturn and regulatory crackdown under President... Read more

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The Information
Kaya Yurieff @ The Information · 07/17/2025 18:46 EDT

Netflix’s Podcasting Challenge

Earlier this year, Netflix made headlines and stirred excitement among talent agents when co-CEO Ted Sarandos said video podcasts would likely start showing up on the streaming giant. Sarandos had framed the development as inevitable for Netflix, given the growing popularity of talk-show-like programming and the blurring lines between talk shows and podcasts. But since those April earnings call comments, we’ve heard very little from Netflix on the topic. There’s... Read more

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The Information
Rocket Drew @ The Information · 07/17/2025 18:42 EDT

OpenAI Commission Recommends Emergency Grants for Civic Organizations

A commission that advises OpenAI’s nonprofit arm said Thursday that the nonprofit should raise an emergency fund for civic organizations working on community organizing, health science and climate work, as well as to help counter “emerging harms” and disinformation involving artificial ... Read more

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The Information
Sahil Patel @ The Information · 07/17/2025 16:20 EDT

Netflix Generated $11 Billion in Q2 as Profits Grow

Netflix’s business generated $11.1 billion in revenue during the second quarter of 2025, up nearly 16% from the previous year. It also posted an operating margin of 34.1%, nearly 7 percentage points higher than the same quarter last year. After surpassing 300 million global subscribers at the ... Read more

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The Information
Alex Perry @ The Information · 07/17/2025 14:42 EDT

Uber, Lucid Motors and Nuro to Launch Robotaxis in U.S. Next Year

Uber, Lucid Motors and Nuro announced a partnership Thursday that will put 20,000 robotaxis—Lucid vehicles powered by Nuro’s self-driving technology—on Uber’s ride-hailing service over the next six years. As part of the deal, Uber will also invest hundreds of millions of dollars in both ... Read more

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The Information
Kevin McLaughlin @ The Information · 07/17/2025 14:26 EDT

AWS Lays Off Hundreds of Staff Amid Increasing AI Investment

Amazon Web Services has laid off at least hundreds of employees from various units within the cloud unit, Reuters reported. The job cuts, which come two weeks after Microsoft announced its second round of major layoffs this year, are the latest sign of tech giants adjusting headcount as they ... Read more

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The Information
Stephanie Palazzolo @ The Information · 07/17/2025 13:55 EDT

OpenAI Releases ChatGPT ‘Agent’ in Competition with Microsoft

OpenAI on Thursday launched features for ChatGPT subscribers to create and edit spreadsheets and presentations, generate reports and automate tasks using web browsers, confirming The Information’s earlier report about the product. The new capabilities, combined with document collaboration ... Read more

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The Information
Kalley Huang @ The Information · 07/17/2025 13:54 EDT

Meta Executives Settle Shareholder Lawsuit Over Privacy

Meta Platforms CEO Mark Zuckerberg, along with other current and former directors and executives at the company, on Thursday agreed to settle a shareholder lawsuit that had accused them of allowing repeated violations of Facebook users’ privacy, a lawyer for the shareholders told a Delaware ... Read more

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The Information
Stephanie Palazzolo @ The Information · 07/17/2025 13:41 EDT

Thinking Machines Lab Raises $2 Billion at $10 Billion Valuation

Thinking Machines Lab, the artificial intelligence startup founded by former OpenAI Chief Technology Officer Mira Murati, has raised $2 billion in funding at a $10 billion pre-investment valuation, the company said. The round was led by Andreessen Horowitz, with participation from Nvidia, Accel, ... Read more

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The Information
Aaron Holmes @ The Information · 07/17/2025 13:00 EDT

AWS’ Free Agent Targets Microsoft Customers

As Microsoft and Amazon Web Services have dueled over cloud customers in the past decade, one of Microsoft’s biggest advantages has been its base of corporate customers that run Windows software on their local servers and want to move it to the cloud. AWS has complained about this dynamic for years, saying the Windows licenses effectively lock customers into Microsoft services because it costs customers extra to run Windows on... Read more

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The Information
Yueqi Yang @ The Information · 07/17/2025 12:32 EDT

Fintech and Crypto Industries Launch Fight to Block Bank Fees for Customer Data

The fintech industry has gone to the Trump administration to try to block the threat by banks, led by JPMorgan Chase, to charge fintechs fees for accessing their customers’ banking data. Under proposed pricing sheets from JPMorgan, the fintech and crypto industries could face hundreds of millions of dollars in costs to get access to their customers’ bank account information, which they now get for free. The data allows companies... Read more

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The Information
Stephanie Palazzolo @ The Information 2 place · 07/17/2025 10:00 EDT

OpenAI’s Clever Coding Hack with ChatGPT ‘Startup-Killing’ Agents

OpenAI is continuing its push into the application layer with ChatGPT “agents.” As we scooped this week, it plans new features that will allow users to create and edit spreadsheets and presentations, generate reports and automate tasks on their browsers—all through ChatGPT.There was one interesting detail in that news that you might have missed. Instead of leveraging a computer-using agent that would open and click around in a PowerPoint or... Read more

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The Information
Qianer Liu @ The Information · 07/17/2025 09:47 EDT

TSMC Speeds Up Construction of U.S. Plants

Taiwan Semiconductor Manufacturing Company is speeding up the construction schedule of its second and third factories in the U.S. by “several quarters,” responding to strong demand from its American customers, CEO C.C. Wei said on an earnings call on Thursday. The company in January pledged to ... Read more

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The Information
Kalley Huang @ The Information · 07/17/2025 09:00 EDT

The People With Power at Meta Superintelligence Labs

Meta Platforms’ new artificial intelligence organization is starting to take shape on the company’s Menlo Park, Calif., campus. The company’s blockbuster hires of AI leaders and researchers in recent weeks has introduced dozens of new faces to the area around Meta’s C-suite, where CEO Mark Zuckerberg has made room for Meta Superintelligence Labs, the new name for the company’s AI team. Staffers have to pass through two layers of security... Read more

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29.07.2025 13:35
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