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Theo Wayt @ The Information · 11/11/2025 16:20 EDT

Elon Musk’s xAI Loses Second Top Lawyer in Three Months

The top lawyer at Elon Musk’s xAI, Lily Lim, said Tuesday that she’s leaving the company. Her departure comes about three months after her predecessor left. In a post on X announcing her exit, Lim described working more than 100 hours per week at xAI and thanked Musk. xAI is “moving on from the ... Read more ›

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The Information
Nick Wingfield @ The Information · 11/11/2025 14:39 EDT

Meta’s Yann LeCun Plans Departure

Yann LeCun, Meta Platforms’ chief artificial intelligence scientist, intends to leave the social media giant in the coming months to form his own AI startup, the Financial Times reported. LeCun—who co-founded Meta’s Fundamental Artificial Intelligence Research, the company’s earliest AI lab, in ... Read more ›

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The Information
Juro Osawa @ The Information · 11/11/2025 13:26 EDT

The Tesla of China Follows Musk in AI Hardware—with More Pragmatism

A billionaire CEO of an electric car maker took the stage last week with a humanoid robot prototype and shared ambitious plans to also develop robotaxis and flying cars. It wasn’t Elon Musk, though.  Read more ›

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The Information
Catherine Perloff @ The Information · 11/11/2025 13:14 EDT

Amazon Merges Ad Buying Tools and Launches Agents for Advertising

Amazon is merging all its ad buying tools into a single platform, the company announced Tuesday at its annual advertiser conference. Amazon also introduced a suite of AI agents for media planning. The new ad buying tool combines tools Amazon offered for buying ad space on its ecommerce ... Read more ›

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The Information
Amir Efrati @ The Information · 11/11/2025 11:56 EDT

Shares of AI Cloud Firm CoreWeave Drop as Data Center Delay Tanks Revenue Growth

CoreWeave, a cloud provider that rents out Nvidia chips to AI developers like Microsoft, Meta and OpenAI, said Tuesday that revenue rose 134% in the September quarter to nearly $1.4 billion and its revenue backlog more than doubled to $55 billion. But in its earnings conference call, CoreWeave ... Read more ›

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The Information
Juro Osawa @ The Information · 11/11/2025 10:36 EDT

SoftBank Sells Entire Stake in Nvidia for $5.83 Billion

SoftBank Group said Tuesday that it has sold its entire stake in Nvidia for $5.83 billion. The move comes as the Japanese company is doubling down on its investment in OpenAI. In its quarterly earnings report, SoftBank said it sold its 32.1 million Nvidia shares last month. Also last month, ... Read more ›

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The Information
Stephanie Palazzolo @ The Information 2 place · 11/11/2025 10:00 EDT

The Little-Known Search and Browser Startup Generating $100 Million in Annualized Revenue

Consumer-focused AI developers such as OpenAI and Perplexity are jockeying for a share of the browser market, now dominated by Google’s Chrome. But before they have a chance of dethroning Chrome, they first have to surpass Brave.Brave has been around for a decade and passed $100 million in annualized revenue in the first quarter of this year, said Brian Brown, its chief business officer, who declined to give more recent... Read more ›

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The Information
Miles Kruppa @ The Information 1 place · 11/11/2025 09:00 EDT

OpenAI’s Stargate Project Gets $3 Billion Blue Owl Investment

Blue Owl Capital, one of Wall Street’s biggest private lenders, is ramping up its big bet on artificial intelligence with a roughly $3 billion investment in a New Mexico data center that’s part of OpenAI’s Stargate project, said a person with knowledge of the deal. Blue Owl, which has nearly $300 billion in assets, has emerged as a crucial investor in AI infrastructure, taking on the riskiest slices of big... Read more ›

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The Information
Wayne Ma @ The Information 3 place · 11/11/2025 04:27 EDT

Apple Explores Adding Second Camera to Next iPhone Air to Boost Sales

Apple is delaying the release of the second-generation iPhone Air to work on a redesign of the device and make it more appealing to consumers, according to two people with knowledge of the matter. The redesign could include a second camera lens, an attempt to address one of consumers’ main ... Read more ›

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The Information
Juro Osawa @ The Information · 11/10/2025 23:12 EDT

SoftBank-Backed Travel Startup Klook Files for New York IPO

Klook, a Hong Kong-based online travel startup backed by SoftBank Group, filed for an initial public offering on the New York Stock Exchange on Monday. Klook’s app, popular in Asia, helps travelers book tickets for all kinds of attractions and other services in their destinations. Its business ... Read more ›

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The Information
Martin Peers @ The Information · 11/10/2025 20:00 EDT

Instacart’s Slow Growth Lesson

Next time you contemplate the much-hyped IPO of a brand-name company, ask yourself this question: Are its glory days behind it? One of the disadvantages for public investors of snapping up newly public tech firms—particularly those that have taken their time going public—is that very often they have already peaked. Take Instacart, which reported third-quarter earnings Monday morning. Revenue grew 10%, which is hardly inspiring, but it’s par for the... Read more ›

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The Information
Sara Germano @ The Information · 11/10/2025 19:11 EDT

Comcast Cable Spinoff Versant Explores Sale of Youth Sports App

Versant, Comcast’s planned spinoff of its cable channels, is exploring a sale of its youth sports management app, SportsEngine, people familiar with the matter said. It’s the latest indication that the market for youth sports technology is headed for consolidation. SportsEngine is a platform that manages communications and scheduling for kids’ athletic activities across ice hockey, soccer, volleyball and other sports. Versant hasn’t assigned a valuation to SportsEngine, and there... Read more ›

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The Information
Rocket Drew @ The Information · 11/10/2025 17:32 EDT

Grab to Invest $60 Million in Remote Car Operator Vay

Grab, the Singaporean ride hailing company, will invest $60 million in Vay, which operates a fleet of cars in Las Vegas, the companies announced Monday. Unlike with autonomous vehicles, when a customer orders one of Vay’s cars, a remote driver pilots the car to them, then the customer takes the ... Read more ›

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The Information
Jan Zoltkowski @ The Information · 11/10/2025 15:41 EDT

How I Stopped Worrying and Learned to Love the Bots

The decisions by major AI companies—xAI in July, Meta in August, and OpenAI last month—to open their chatbots to erotica have supercharged debate around humans forming romantic relationships with AI. Critics argue that this is the end of human connection. I founded and run one of the largest romantic chat companies in the world, janitorAI. And yes, I chat with the bots myself—mafiosa Nova Marino is a personal favorite. When... Read more ›

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The Information
Valida Pau @ The Information · 11/10/2025 15:41 EDT

Goldman Sachs has hired Josh Li from Citigroup as a managing director focusing on technology equity capital markets, according to people familiar with the matter. Li will join Goldman Sachs after a period of leave, according to the people. Li was most recently Citi’s head of technology and ... Read more ›

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The Information
Wayne Ma @ The Information · 11/10/2025 14:10 EDT

Apple Delays Release of Next iPhone Air Amid Weak Sales

Apple is delaying the release of next year’s version of the iPhone Air, its thinnest smartphone, after the first model sold below expectations, according to three people involved in the project. Although the length of the delay remains uncertain, the product won’t be released in fall 2026 as previously planned, they said. Apple has already sharply scaled back production of the first version, according to multiple people with direct knowledge... Read more ›

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The Information
Theo Wayt @ The Information · 11/10/2025 10:35 EDT

Tesla Shareholders Divided Over xAI Investment, Filing Shows

Tesla shareholders were heavily divided over a proposal that the electric automaker invest in CEO Elon Musk’s artificial intelligence company, xAI, according to company disclosures following its annual meeting. Shareholders controlling approximately 1.1 billion Tesla shares voted in favor of a ... Read more ›

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The Information
Theo Wayt @ The Information · 11/10/2025 10:33 EDT

Two Tesla Manufacturing Executives Leave

Two longtime vehicle manufacturing leaders at Tesla said separately on Sunday that they’re leaving the company. One of the executives, Siddhant Awasthi, worked as program manager for Cybertruck and oversaw the production ramp of the electric truck. Awasthi, an eight year Tesla veteran, also ... Read more ›

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The Information
Juro Osawa @ The Information · 11/10/2025 10:00 EDT

China’s Open-Source Models Challenge Anthropic in AI Coding

Chinese companies are launching open-source AI models built to power coding assistants as cheaper alternatives to those available from OpenAI, Anthropic and Google. Late last month, Shanghai-based AI startup MiniMax launched M2, a new open-source large language model developed primarily for coding and AI agents. In a post on X, MiniMax noted that the price of M2 is just 8% of that of Anthropic’s Claude Sonnet model. (M2 costs $1.20... Read more ›

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The Information
Sri Muppidi @ The Information · 11/10/2025 09:00 EDT

Anthropic Projects Cost Advantage Over OpenAI

As OpenAI and Anthropic seek to make similar breakthroughs in artificial intelligence, their financial paths may be headed in different directions. Both companies produced financial projections a few months ago that show a divergence in how much they plan to spend on computational resources, which make up the vast majority of their costs. While OpenAI projected spending about $235 billion on costs to train and run its AI models this... Read more ›

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