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The Information
Aaron Holmes @ The Information · 06/19/2025 13:26 EDT

Chatbots Get Cheaper; Anthropic Reigns Supreme in Coding

When DeepSeek released its high-performing open-source artificial intelligence earlier this year, Microsoft CEO Satya Nadella predicted that the price of AI models and applications would soon come under pressure. And he said that trend would prevent any one company from gaining a permanent advantage over others in selling AI to enterprises. “Buyers are smart,” Nadella said in a February podcast interview. “The open-source alternative will actually make sure that the... Read more

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The Information
Stephanie Palazzolo @ The Information · 06/19/2025 10:00 EDT

Zuckerberg Fills Out His AI Dream Team; Developers Are Cheating on LMArena

Before we get to today’s column, my colleagues Kalley and Cory broke some important news on Wednesday: Meta Platforms is close to hiring former GitHub CEO Nat Friedman, who now moonlights as a prominent AI investor, and Daniel Gross, Friedman’s investment partner and a cofounder of Safe Superintelligence with Ilya Sutskever. In the process, Meta is partly buying out the investors’ AI-focused venture fund, which is named after them, and... Read more

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The Information
Stephanie Palazzolo @ The Information · 06/19/2025 09:00 EDT

The Little-Known Startup That Has Surged Past Scale AI—Without Any Investors

For years, data labeling existed in a tucked-away corner of Silicon Valley, a critical but unglamorous area of AI where companies like Google and OpenAI hire outside firms to improve their models by laboriously grading the quality of what they produce. Now, a spotlight has unexpectedly fallen onto the field in the wake of Meta Platforms’ decision to pay $14.3 billion for 49% of Scale AI, the best-known data-labeling firm.... Read more

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The Information
Sahil Patel @ The Information · 06/18/2025 20:00 EDT

Netflix Is Becoming What It Replaced: Live TV

Before we get into this evening’s briefing, check out Kalley and Cory’s late-breaking scoop today about Meta Platforms’ latest efforts to boost its artificial intelligence efforts. We reported that the company is holding advanced talks with Nat Friedman and Daniel Gross, two prominent investors, about joining Meta. Meta is also discussing partially buying out their investment firm, NFDG, as part of the talks.Netflix continues to find fresh ways to mimic... Read more

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The Information
Kalley Huang @ The Information · 06/18/2025 19:49 EDT

Meta in Talks to Hire AI Investors Nat Friedman and Daniel Gross, Partially Buy Out Their Venture Fund

Meta Platforms is in advanced talks to hire artificial intelligence investors Nat Friedman and Daniel Gross to help lead its AI efforts, The Information reported. Meta is also in discussion to partially buy out Friedman and Gross’ venture capital fund, NFDG, which holds stakes in top AI startups ... Read more

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The Information
Kevin McLaughlin @ The Information · 06/18/2025 19:11 EDT

Startup Typedef Aims to Help Data Engineers Harness AI

Typedef, a startup co-founded by data analytics veterans, came out of stealth today with a $5.5 million seed round led by Pear VC. The startup is developing a type of software known as a query engine which helps customers search their own databases and storage systems to get answers to ... Read more

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The Information
Alex Perry @ The Information · 06/18/2025 17:36 EDT

Waymo to Start Testing in New York City

Waymo, Google’s robotaxi company, said Wednesday it will begin mapping out New York City for the first time starting Thursday. People working for Waymo will manually drive five cars around the city, collecting data to create high definition maps of roads, buildings and signage that will later be ... Read more

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The Information
Alex Perry @ The Information · 06/18/2025 17:06 EDT

Amazon-backed Robotaxi Company Zoox Opens New Production Facility

Zoox, the Amazon-backed robotaxi company, just opened a 220,000 square foot production facility in Hayward, a suburb of San Francisco, about 15 miles from its headquarters in Foster City, Calif.. The company’s second production facility, which will be used to engineer, assemble, store and test ... Read more

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The Information
Kalley Huang @ The Information · 06/18/2025 16:57 EDT

Meta in Talks to Hire Former GitHub CEO Nat Friedman, Daniel Gross to Join AI Efforts

Meta Platforms is taking another big step to boost its artificial intelligence efforts. The company is in advanced talks to hire Nat Friedman, the former CEO of GitHub who has become a prominent AI investor, according to a person familiar with the discussions. The company is also in discussion with Daniel Gross, Friedman’s partner in the investment fund NFDG, about joining Meta to work on AI as well, the person... Read more

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The Information
Kaya Yurieff @ The Information · 06/18/2025 16:00 EDT

Podcasters Want to Go Live On Spotify (Again)

Podcasters are a visible presence at Cannes Lions this year, joining the several hundred creators in attendance. I caught up with three of them—Jake Shane, Rachel Lindsay and Morgan Ashley Absher— at Spotify’s beachfront event, and asked them what features they’d like to see Spotify roll out next. Their answer surprised me: They want Spotify to bring back its Clubhouse competitor Greenroom, later renamed Spotify Live, so they can host... Read more

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The Information
Yueqi Yang @ The Information · 06/18/2025 15:29 EDT

Circle Stock Jumps 30% After Senate Passes Stablecoin Bill

Stablecoin issuer Circle surged 30% after the Senate passed legislation late Tuesday known as the Genius Act that will establish federal rules on the dollar-pegged tokens. The bill will still need approval by the House of Representatives and signature by President Donald Trump, who wants to pass ... Read more

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The Information
Aaron Holmes @ The Information · 06/18/2025 14:55 EDT

Microsoft Plans to Lay Off Thousands Employees, Primarily in Sales

Microsoft is planning to cut thousands of jobs in the coming months, primarily in its sales organization, as the company aims to consolidate sales roles to reduce the number of salespeople customers interact with, according to two people familiar with the plans. The company is still determining ... Read more

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The Information
Stephanie Palazzolo @ The Information · 06/18/2025 13:23 EDT

OpenAI Phases Out Work with Scale AI Following Startup’s Meta Deal

OpenAI has decided to wind down the data labeling work it’s doing with Scale AI following a $14.3 billion investment Meta Platforms made into the startup, whose CEO Alexandr Wang will join the social media giant, an OpenAI spokesperson confirmed. Scale accounts for a small fraction of OpenAI’s ... Read more

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The Information
Sylvia Varnham O'Regan @ The Information · 06/18/2025 12:47 EDT

Trump to Again Extend TikTok Ban Deadline

President Donald Trump will sign an executive order this week that will again delay enforcement of a law to ban or force a sale of TikTok in the U.S. White House press secretary Karoline Leavitt said in a statement to CNN that President Trump “does not want TikTok to go dark” and “This extension ... Read more

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The Information
Ann Gehan @ The Information · 06/18/2025 12:29 EDT

Liquid Death Seeks Fresh Cash to Ramp Up Production

Liquid Death has been looking to raise up to $20 million in fresh cash, as the longtime initial public offering hopeful looks to expand its production capacity and keep its drink lineup stocked in stores. The canned water and tea startup has been pitching the fundraise in the form of a convertible note, according to materials sent to prospective investors. The company expects to generate about $340 million in revenue... Read more

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The Information
Stephanie Palazzolo @ The Information · 06/18/2025 10:00 EDT

AI Startups Continue to Masquerade as SaaS Businesses; OpenAI Lays Off Some ‘Insider Risk’ Employees

Today, we’re talking about my favorite topic: sneaky things AI startups do to gussy up their revenue.We previously covered how some AI startups are including non-recurring consulting fees in their annual recurring revenue figures; pitching investors on their “contracted ARR” or “sales pipelines”; and using exploding revenue growth to entice investors without explaining that much of the money is only coming from one or two large customers.Here’s another one. The... Read more

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The Information
Aaron Holmes @ The Information · 06/18/2025 09:30 EDT

OpenAI Starts Selling ChatGPT at a Discount, Hurting Microsoft

OpenAI has started discounting enterprise subscriptions to its ChatGPT app when customers agree to spend money on additional AI products, according to an OpenAI spokesperson and two executives at large firms that have spoken to the startup in recent weeks. The move has frustrated salespeople at Microsoft, OpenAI’s biggest business partner, which sells competing apps and models and doesn’t typically discount them as much. The discounting suggests OpenAI’s pricing power... Read more

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The Information
Theo Wayt @ The Information · 06/18/2025 09:00 EDT

Amazon’s Two-Part Shopping Agent Strategy

At Amazon, the rise of artificial intelligence tools that automate shoppers’ online purchases is raising a question: Should the company fight the startups that make these tools—or join them? The answer it’s leaning toward is maybe a bit of both. Read more

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The Information
Rocket Drew @ The Information · 06/17/2025 22:48 EDT

Investors Court Anysphere with $18 to $20 Billion Valuation

Investors have approached Anysphere, the company behind the popular AI coding assistant Cursor, offering to invest in the company at a valuation of $18 billion to $20 billion in recent weeks, Bloomberg reported. The company might not agree to the offers, according to the report. But if the ... Read more

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The Information
Kevin McLaughlin @ The Information · 06/17/2025 22:42 EDT

Salesforce Hikes Pricing for CRM and Slack, Adds AI Features

Salesforce is raising prices for business users of its customer management, customer service, Slack and other products, while also adding new AI features to these offerings. The move comes a few weeks after Salesforce changed its data usage policies to prohibit customers from training AI models ... Read more

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