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The Information
Kalley Huang @ The Information · 07/19/2024 12:01 EDT

Zuckerberg Calls Donald Trump’s Reaction to Shooting ‘Badass’

Former President Donald Trump’s reaction to being shot was “badass,” Meta Platforms CEO Mark Zuckerberg told Bloomberg in an interview. But Zuckerberg said he wouldn’t endorse either Trump or President Joe Biden and that he was not planning to play “a significant role” in the upcoming election. ... Read more â€ș

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The Information
Julia Black @ The Information 1 place · 07/19/2024 12:00 EDT

Dawn of the Silicon Valley Superbaby

When venture capitalist Jack Abraham first began dating his wife, Gabriella Massamillo, he insisted on one condition: that when they were ready to have children, she’d be willing to conceive using in vitro fertilization. Abraham had lost both his mother and his aunt at a young age to ovarian cancer, linked to a rare mutation in their BRCA-1 genes. As a carrier of the mutation, he didn’t want to leave... Read more â€ș

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The Information
Kalley Huang @ The Information 2 place · 07/19/2024 10:18 EDT

Former President Donald Trump’s reaction to being shot was “badass,” Meta Platforms CEO Mark Zuckerberg told Bloomberg in an interview. But Zuckerberg said he wouldn’t endorse either Trump or President Joe Biden and that he was not planning to play “a significant role” in the upcoming election. ... Read more â€ș

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The Information
Yueqi Yang @ The Information · 07/19/2024 09:42 EDT

Crypto trading firm Wintermute Trading is in talks with Chinese internet giant Tencent Holdings and others to raise money at a valuation of about $2 billion, according to investors with knowledge of the process. The deal talks are in flux and details still need to be finalized, the investors ... Read more â€ș

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The Information
Nick Wingfield @ The Information · 07/19/2024 09:00 EDT

It wasn't so long ago that being a supporter of Donald Trump’s presidential candidacy in Democrat-leaning Silicon Valley—or even having a loose affiliation with him—was the kind of thing that earned you dirty looks, a pink slip from an employer and stern advice to rethink your life choices. In 2016, Reed Hastings—the Netflix co-founder and a prominent backer of Democrats—told his fellow Facebook board member, Peter Thiel, that he was... Read more â€ș

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The Information
Juro Osawa @ The Information · 07/19/2024 05:47 EDT

Major Global IT Outage Hits Banks, Airlines, Broadcasters

An update by cybersecurity firm CrowdStrike triggered a major global tech outage that affected banks, airlines, broadcasters and other businesses, CNBC and other news outlets reported. CrowdStrike’s faulty update caused Windows computers around the world to crash, with ... Read more â€ș

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The Information
Amir Efrati @ The Information 3 place · 07/18/2024 20:02 EDT

Broadcom shares rose 3% Thursday after The Information reported that the chip designer was talking to OpenAI about developing a new server chip for artificial intelligence. OpenAI’s chip team is led by a former member of a Google team that worked with Broadcom to make Google’s tensor processing ... Read more â€ș

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The Information
Martin Peers @ The Information · 07/18/2024 20:00 EDT

Forget presidential politics—let’s talk about the third season of “Bridgerton.” The fun series about romance in quasi-Regency London was a big draw for Netflix in the second quarter, the video-streaming service noted today as it reported another solid quarter. Revenue rose 17% year on year, subscriber numbers grew about the same and its cash piled up. All good? For the moment. But Netflix warned that its growth will slow a... Read more â€ș

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The Information
Yueqi Yang @ The Information · 07/18/2024 19:14 EDT

Wintermute Trading, the crypto trading firm that has become a dominant market marker since the collapse of FTX, has been in talks to raise fresh money in a funding round, according to investors with knowledge of the process. The firm has been discussing a share sale of $100 million, with some of that money going to existing shareholders. Wintermute will also issue new shares, the people said, although the amount... Read more â€ș

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The Information
Sahil Patel @ The Information · 07/18/2024 18:36 EDT

Amazon’s move to make ads within Prime Video the default for customers who don’t pay extra upended the streaming TV advertising market earlier this year. Lately I’ve been hearing more about the repercussions—namely that this surge of ad inventory will hurt TikTok’s ability to win some of the ad dollars slated for TV and streaming services. Advertisers have found themselves awash with tons of new video ad inventory that appears... Read more â€ș

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The Information
Sahil Patel @ The Information · 07/18/2024 18:04 EDT

One of the top executives Netflix hired to lead its advertising business is leaving the company. Peter Naylor, Netflix’s vice president of ad sales, came to Netflix in August 2022, a few months before it launched its ad-supported subscription tier. Netflix is now hiring for a head of U.S. and ... Read more â€ș

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The Information
Cory Weinberg @ The Information · 07/18/2024 18:00 EDT

Even with a dormant market for initial public offerings, shareholders in mature and highly valued startups still have been able to cash out if their startups are growing at a rapid clip. They’ve had the opportunity to sell shares in secondary rounds at fast-growing Figma, Databricks, Canva and Scale AI. Some investors are getting the chance to cash out of Stripe, whose revenue grew 35% in the third quarter, courtesy... Read more â€ș

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The Information
Steve LeVine @ The Information · 07/18/2024 17:05 EDT

Mei Cai, who led the team that developed the next-generation battery powering General Motors’ electric vehicles, has resigned, the company confirmed Thursday. The move comes five months after GM hired Kurt Kelty, a Tesla veteran, to run its battery development efforts as vice president of battery. The China-born Cai, a 24-year GM veteran and director of the company’s battery cell systems research, led the team that in a joint venture... Read more â€ș

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The Information
Martin Peers @ The Information · 07/18/2024 16:16 EDT

Netflix’s revenue growth accelerated to 17% in the second quarter, from 15% in the first quarter, as it lifted its subscriber count to 277.65 million, from 269.6 million in the first quarter. But the company forecast that revenue growth would slow to 14% in the third quarter, sending ... Read more â€ș

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The Information
Qianer Liu @ The Information · 07/18/2024 15:21 EDT

Last year, as the world’s top artificial intelligence developers were racing to speed up their work using ever-bigger clusters of computers, OpenAI CEO Sam Altman was trying to play a longer game. He decided to start a new company that could develop and produce a new AI chip and help set up chip factories to make them and data centers to house them. His plan has taken numerous twists and... Read more â€ș

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The Information
Stephanie Palazzolo @ The Information · 07/18/2024 14:24 EDT

OpenAI Launches ‘Mini’ Version of Flagship AI Model

OpenAI on Thursday released a smaller, cheaper version of its flagship GPT-4o large language model that could help developers of artificial intelligence apps to cut costs. It could also help lower OpenAI’s own costs of running the AI. OpenAI claimed the new model, GPT-4o mini, outperforms rivals ... Read more â€ș

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The Information
Natasha Mascarenhas @ The Information · 07/18/2024 13:32 EDT

Altimeter Venture Partners, the venture capital affiliate of investment firm Altimeter Capital Management, has raised $552.6 million for its seventh fund, according to a securities filing. The investment vehicle is targeting a $750 million total. Fundraising talks have been occurring since last ... Read more â€ș

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The Information
The Information · 07/18/2024 10:39 EDT

Meta Platforms is considering buying a small stake in EssilorLuxottica, the European eyewear giant it currently partners with to make Ray-Ban “smart glasses,” according to the Financial Times. The deal, if it goes ahead, suggests Meta is keen to strengthen its partnership with EssilorLuxottica. ... Read more â€ș

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The Information
Stephanie Palazzolo @ The Information · 07/18/2024 10:20 EDT

While everyone waits for OpenAI’s next flagship large language model, developers have been eking out more gains from today’s LLMs with some engineering elbow grease, as we covered here. That’s especially true for artificial intelligence-powered coding assistants, which are getting a lot better. Ofir Press, a postdoctoral researcher at Princeton’s Language and Intelligence Initiative, made some of those improvements personally while developing SWE-agent, an open-source coding assistant, and SWE-bench, a... Read more â€ș

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The Information
Wayne Ma @ The Information · 07/18/2024 09:00 EDT

Meta Platforms CEO Mark Zuckerberg has canceled the blank check he once reserved for his augmented reality and virtual reality teams. As Meta ramps up its spending on artificial intelligence, company executives have started turning a more skeptical eye on its Reality Labs division, home of AR, VR and Zuckerberg’s former pet project, the metaverse. As a result, Reality Labs’ hardware teams have been asked to cut spending by almost... Read more â€ș

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