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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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The Information
Martin Peers @ The Information · 07/16/2025 20:00 EDT

No, the AI Bubble Isn’t Worse Than 1999

Here’s a sobering thought. Today’s AI bubble is bigger than the tech bubble of the 1990s, according to Torsten Slok, the chief economist for Apollo whose brief daily emails are widely followed. He bases that statement on his analysis that the top 10 companies in the S&P 500 are today “more overvalued than they were in the 1990s.”If this is true, then tech investors should be bracing for the mother... Read more

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The Information
Kaya Yurieff @ The Information · 07/16/2025 17:00 EDT

Lowe’s Bets Big on DIY Influencers

Major retailers that traditionally spent a lot of their advertising budgets on TV have been leaning into working more with creators. One of the latest examples is home improvement giant Lowe’s, which is making a big push to team up with handy influencers. Through a “home improvement creator network” launched last month, Lowe’s is setting up custom virtual stores for creators who film do-it-yourself projects, such as renovations or planting... Read more

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The Information
Kevin McLaughlin @ The Information · 07/16/2025 14:46 EDT

AWS Revamps Key AI Service to Spur Agents Business

At an event in New York City, Amazon Web Services unveiled a preview of Bedrock AgentCore, a new cloud service for building agents that handle multi-step tasks like processing medical claims and verifying inventory levels. The announcement confirms our report from last month. The key ... Read more

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The Information
Sri Muppidi @ The Information 3 place · 07/16/2025 14:33 EDT

Investors Float Deal Valuing Anthropic at More Than $100 Billion

As Anthropic’s sale of artificial intelligence has surged, the company has told investors some of its profit-related metrics are improving even as it burns a tremendous amount of cash. That financial performance has prompted some investors to indicate interest in funding Anthropic at a valuation of more than $100 billion if the company decides to pursue a deal, compared to a $58 billion valuation in a financing announced four months... Read more

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The Information
Natasha Mascarenhas @ The Information · 07/16/2025 13:34 EDT

Anthropic Hires Back Two Coding AI Leaders From Cursor Developer Anysphere 

In a surprising reversal, two leaders of Anthropic’s coding product who joined rival Anysphere two weeks ago have returned to Anthropic, according to people with direct knowledge of the move. In early July, Boris Cherny and Cat Wu left Anthropic, where they had developed a fast-growing ... Read more

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The Information
Martin Peers @ The Information · 07/16/2025 13:15 EDT

Google Sets Aug. 20 for Pixel Event

Google set Aug. 20 to unveil new hardware, where the tech giant is expected to announce the next version of its Pixel smartphones. The date is just a couple of weeks before Apple typically holds its fall event to unveil new iPhones. According to Bloomberg, the new Pixel phones—the Pixel 10 ... Read more

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The Information
Valida Pau @ The Information · 07/16/2025 13:04 EDT

Scale AI Lays Off 14% of Staff After Meta Deal

Scale AI laid off 200 employees from its data-labeling business, a month after Meta invested $14.3 billion in the startup and hired its CEO Alexandr Wang. The cuts affected 14% of the company’s global workforce, Scale spokesperson Joe Osborne told The Information on Wednesday. Scale will also ... Read more

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The Information
Ann Gehan @ The Information · 07/16/2025 12:44 EDT

OpenAI Adding Checkouts to ChatGPT, Taking Cut of Sales

OpenAI plans to add e-commerce checkouts into ChatGPT and take a cut of online shopping purchases made within the chatbot, the Financial Times reported. The move is a way for OpenAI to make money from people using AI for shopping inspiration and product recommendations. Merchants that receive ... Read more

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The Information
Stephanie Palazzolo @ The Information 1 place · 07/16/2025 10:00 EDT

Why xAI Spent So Much on Reinforcement Learning

Watching last week’s Grok 4 release, one statistic stood out to us. XAI said it spent 10 times as much computational power on reinforcement learning for Grok 4 as it laid out for Grok 3.RL is a common AI development technique that rewards a model for accomplishing certain goals and penalizes it for other behaviors. The xAI disclosure provided further evidence of how AI labs are increasingly improving their models... Read more

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The Information
Qianer Liu @ The Information · 07/16/2025 09:20 EDT

Nvidia CEO says AI Chip Exports Deal Linked to the US-China trade talks

Nvidia is set to “accelerate the recovery” of its artificial intelligence chip sales in China, thanks to improved U.S.-China relations, said CEO Jensen Huang at a press conference in Beijing on Wednesday. Huang attributed the resumption of chip sales to recent trade discussions between U.S. and ... Read more

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The Information
Michael Roddan @ The Information · 07/16/2025 09:00 EDT

Lavish Spending and Weak Growth Engulf Billionaire-Backed AI Startup SandboxAQ

An array of billionaire backers and the dream of two world-changing technologies has turned SandboxAQ into a $5.6 billion startup star. The company’s business has failed to keep up with the hype, and its CEO’s behavior is now under scrutiny. SandboxAQ’s success so far is illusory. Nearly all of the company’s first-quarter revenue can be traced back to Sergey Brin, who helped found the company. Inside the company, employees have... Read more

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The Information
Jessica E. Lessin @ The Information 2 place · 07/15/2025 20:38 EDT

‘We are basically all in on this’: Zuckerberg on AI

Meta will have “the largest compute fleet of any company,” Meta founder and CEO Mark Zuckerberg told me in an interview first aired on The Information’s TITV Tuesday. “And focusing on that on being powered by a small and talent-dense team, I think we’re gonna have by far the most compute per ... Read more

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The Information
Martin Peers @ The Information · 07/15/2025 20:00 EDT

Waymo’s Debatable Growth Milestone

Way to go, Waymo! The Alphabet-owned robotaxi service has hit a 100-million-mile autonomous driving milestone, the company announced Tuesday to much fanfare. That figure is 10 times what it was two months ago. Take that, Elon Musk, whose Tesla has barely launched its robotaxi service in Austin, Texas.Waymo’s success reflects a growing acceptance of self-driving cars as taxis—one that’s increasingly global. Indeed, also on Tuesday, Uber and Baidu announced a... Read more

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The Information
Cory Weinberg @ The Information · 07/15/2025 18:13 EDT

Speed and Greed Test Silicon Valley

The artificial intelligence dealmaking frenzy over the past few weeks is shifting Silicon Valley norms and creating wealth at a pace and scale we’ve never seen before. One theme is becoming clear: These AI deals are all about speed, and speed can make things messy. The latest example was Google co-founder Sergey Brin (suddenly relevant again), sitting in a Mountain View hotel meeting room last Thursday with more than 40... Read more

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The Information
Stephanie Palazzolo @ The Information 3 place · 07/15/2025 17:59 EDT

OpenAI Preps ChatGPT Agents in Challenge to Microsoft Excel and PowerPoint

As OpenAI tries to turn ChatGPT into a core application for white-collar work, it’s developing agent features that could make its customers less dependent on productivity apps from Microsoft. In the latest example, OpenAI has developed features that let ChatGPT customers quickly create and edit presentations and spreadsheets that are compatible with PowerPoint and Excel directly in the chatbot without using the Microsoft apps themselves, according to a person who... Read more

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The Information
Kaya Yurieff @ The Information · 07/15/2025 17:00 EDT

The Tech Company That Powered Kai Cenat’s Streaming University

Kai Cenat, the world’s top Twitch streamer, made a splash in late May with a four-day “Streamer University” bootcamp for aspiring creators. Cenat, who has more than 18 million followers on the Amazon-owned site, along with fellow Twitch streamer Dennis Duke and rapper and YouTuber DDG and others, offered up classes teaching streamers how to grow their audience, generate revenue and use different tech tools. Read more

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The Information
Miles Kruppa @ The Information · 07/15/2025 15:49 EDT

Blackstone investing $25 billion in Pennsylvania AI push

Blackstone plans to invest $25 billion in data centers and energy production in Pennsylvania, CEO Jon Gray said at a Pittsburgh event where President Donald Trump spoke about artificial intelligence investments. Gray announced the planned investment on a panel at the Pennsylvania Energy and ... Read more

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The Information
Alex Perry @ The Information · 07/15/2025 15:31 EDT

Uber and Baidu to Launch Robotaxi Partnership

Uber said Tuesday that it partnered with Baidu to launch thousands of Apollo Go robotaxis in cities outside of the U.S. and mainland China. The first robotaxis under the partnership are expected to launch in Asia and the Middle East later this year. Baidu owns and operates Apollo Go. Apollo Go ... Read more

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