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The Information
Qianer Liu @ The Information · 05/21/2025 04:33 EDT

Nvidia CEO Criticizes U.S. Chip Export Restrictions for China

Nvidia CEO Jensen Huang called U.S. export controls on artificial intelligence to China a failure, saying the restrictions empowered Chinese chip developers and caused Nvidia’s market share in the country to decline. “Local companies are very talented and the export controls gave them the spirit ... Read more

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The Information
Alex Perry @ The Information · 05/21/2025 00:13 EDT

Waymo Hits 10 Million Paid Rides

Waymo’s co-chief executive officer Tekedra Mawakana said at Google I/O Tuesday that the self-driving car company has completed 10 million paid rides, including rides on the Waymo One app and the Uber app. The company’s other chief executive officer, Dmitri Dolgov, said on X that half were from ... Read more

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The Information
Martin Peers @ The Information · 05/20/2025 20:00 EDT

Google Challenges Meta With Smarter Glasses

With its Ray-Ban smart glasses, Meta Platforms has had the high-tech eyewear market pretty much to itself. But Google’s unveiling on Tuesday of its own glasses, using software developed with Samsung and to be made in conjunction with Warby Parker and Gentle Monster, an edgy Korean eyewear brand, signals there’s a new kid on this block. Now all we need is for Apple to jump in!Google’s version isn’t Google Glass... Read more

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The Information
Jon Victor @ The Information · 05/20/2025 19:49 EDT

Palo Alto Networks Predicts Slowing Revenue Growth

Palo Alto Networks said Tuesday that revenue rose 15% in its fiscal third quarter ended April 30, thanks to business’ increasing purchases of its cloud-based cybersecurity tools. Growth, however, has stalled at roughly the same pace as the prior two quarters and the company predicted revenue ... Read more

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The Information
Cory Weinberg @ The Information · 05/20/2025 18:30 EDT

The Hot New Job in VC: Portfolio Pruner

All the glory within venture capital firms goes to dealmakers who find the next big investments. But a new group that also focuses on selling rather than just buying is now playing a crucial role in the firms as they struggle to return cash to their clients. Former bankers or private equity investors at large VC firms such as New Enterprise Associates, General Catalyst and Lightspeed Venture Partners, for example,... Read more

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The Information
Catherine Perloff @ The Information · 05/20/2025 18:15 EDT

The Startup Helping TV Shows Act Like Creators

Creators have been cashing in on the ecommerce boom for at least a decade, by recommending links to products and taking a cut of any resulting purchase. It’s been harder for TV firms to take advantage. Shopsense AI, a startup founded early last year by former Amazon and Klarna executives, is trying to change that. The company has been making it easier for viewers to shop for everything they see... Read more

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The Information
Stephanie Palazzolo @ The Information · 05/20/2025 18:01 EDT

Abridge in Talks to Raise at $5 Billion Valuation as AI Health Startups Draw Investors

Abridge, a seven-year-old startup that sells artificial intelligence software for transcribing physicians’ conversations with patients, is in discussions with investors to raise hundreds of millions of dollars at around a $5 billion valuation before the investment, according to two people with knowledge of the plans. The funding would nearly double Abridge’s last private valuation, announced three months ago. At the same time, younger rival Ambience Healthcare is raising capital that... Read more

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The Information
Anissa Gardizy @ The Information · 05/20/2025 17:38 EDT

Musk Says xAI Building New Data Center ‘Near’ Memphis

XAI is building another artificial intelligence data center, which is expected to hold one million Nvidia artificial intelligence chips, Elon Musk said during an interview with CNBC on Tuesday. Musk said the data center will be in a “location just near Memphis,” where xAI has a cluster of over ... Read more

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The Information
Erin Woo @ The Information 2 place · 05/20/2025 16:17 EDT

Google Unveils New AI Features to Help Defend Its Search Business

Google on Tuesday unveiled a partnership with Warby Parker to introduce smart glasses, posing a major threat to Meta Platforms’ market lead in smart glasses. The glasses were among a slew of new products and features announced at its I/O developer conference on Tuesday. Much of Tuesday’s presentation showed how Google is moving ahead on multiple fronts to defend its most important business of search advertising from incursions by ChatGPT... Read more

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The Information
Ann Gehan @ The Information · 05/20/2025 15:05 EDT

Google Taps Warby Parker For Smart Glasses Development

Google is working with Warby Parker to develop AI-powered smart glasses, the companies said Tuesday, sending shares in the eyewear company up more than 14%. The move puts Google in direct competition with Meta, which launched its smart Ray-Ban glasses in late 2023. The glasses, which allow users ... Read more

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The Information
Erin Woo @ The Information · 05/20/2025 14:32 EDT

Google Rolls out ‘AI Mode’ in Search to All U.S. Users

Google will start rolling out AI Mode, its chatbot-style search tab, to all users in the United States starting Tuesday, search chief Liz Reid announced. The announcement was part of a bevy of AI product announcements at Google I/O, the company’s annual developer conference. Soon, Google Search ... Read more

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The Information
Jon Victor @ The Information · 05/20/2025 13:16 EDT

Why Databricks Is Paying for an AI Sales Coach

Microsoft, Salesforce and numerous startups have talked up the idea of an artificial intelligence–powered coach that gives feedback to salespeople about their pitches to customers. Databricks is one of the few companies to actually use such a product at scale. Earlier this year, the data-analysis software provider gave 1,000 employees in its sales group access to an AI sales coach from Yoodli, a small startup. Read more

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The Information
Evan Robinson-Johnson @ The Information · 05/20/2025 12:20 EDT

Elon Musk Wants To Remain At Tesla, Spend Less on Campaigns

Elon Musk said he’s committed to remaining chief executive of Tesla for at least five years because he wants sufficient oversight of the car maker as it pivots to humanoid robots. Musk said he wanted “sufficient voting control such that I cannot be ousted by activist investors… It’s not a money ... Read more

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The Information
Theo Wayt @ The Information · 05/20/2025 11:05 EDT

EU Plans Fee on Cheap Packages, Threatening Temu and Shein

The European Union is planning to put a tax of 2 euros, or $2.25, on individual packages shipped directly to consumers from outside the bloc, the Financial Times reported Tuesday. That would represent a blow to low-cost online shops like Temu, Shein and Amazon’s Haul storefront, which are ... Read more

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The Information
Kevin McLaughlin @ The Information · 05/20/2025 10:00 EDT

XAI Moves Closer to Starting an Enterprise and Government Business

How Elon Musk’s xAI plans to make money is one of the big questions in the AI world right now. Musk hasn’t said much and even investors in the company don’t seem to know many details, given the vague statements they made when asked about it at our  Financing the AI Revolution conference last month. We have one answer: XAI plans to use data from government agencies to build AI... Read more

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The Information
Theo Wayt @ The Information · 05/20/2025 09:00 EDT

Amazon’s Tariff Response Has Pandemic Parallels

For many merchants selling on Amazon, a 90-day pause in steep U.S. tariffs on China should be a chance to stockpile inventory. But Amazon has already grown cautious about letting goods pile up in its warehouses, as it tries to keep its massive logistics and commerce business running efficiently amid trade turmoil. In recent weeks, Amazon told some merchants it was cutting the amount of space they can use in... Read more

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The Information
Sri Muppidi @ The Information · 05/19/2025 22:41 EDT

Perplexity Buys Browser Startup Sidekick

Perplexity, the three-year-old startup that has raised nearly $900 million in just over a year, has been using some of its venture capital windfall to make acquisitions or hire staff from struggling startups, The Information reported Monday. The startup bought Sidekick, a six-year-old startup ... Read more

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The Information
Rocket Drew @ The Information · 05/19/2025 20:21 EDT

Regeneron to Buy 23andMe for $256 Million

Biotechnology company Regeneron agreed to buy the assets of 23andMe, the DNA testing company that filed for bankruptcy in March, for $256 million. That’s just 4% of the San Francisco-based startup’s peak valuation as a public company in 2021. Publicly held Regeneron discovers new drugs using ... Read more

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The Information
Martin Peers @ The Information · 05/19/2025 20:00 EDT

What We Learned About xAI’s Grok From Microsoft Build

Uh-oh. We’re in conference hell, one of those periods of the year when tech companies try to seize control of the news cycle with a seemingly never-ending stream of product announcements (many incomprehensible to ordinary folks) and/or partnership deals. Today Microsoft kicked off its Build developer conference (not to be confused with its Ignite conference in November). Tomorrow Google starts I/O. No one will be surprised that AI is the... Read more

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The Information
Miles Kruppa @ The Information · 05/19/2025 19:05 EDT

United Arab Emirates’ MGX Backs Paris Data Center Project

United Arab Emirates-backed investment firm MGX and France’s sovereign wealth fund are building a 1.4 gigawatt artificial intelligence data center near Paris they said will be the largest in Europe. MGX, France’s sovereign-wealth fund Bpifrance, Paris-based AI company Mistral and Nvidia formed a ... Read more

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