Haun Ventures raised $1.5 billion to invest in crypto startups just before the market collapsed and venture deals slowed dramatically. Now, as the crypto market shows signs of a recovery, Haun is getting active—quietly grabbing a stake in one of the industry’s most high-profile survivors at a steep discount to its peak valuation. The firm, founded in 2022 by former federal prosecutor and Andreessen Horowitz investor Katie Haun, has been... Read more ›
0
When Apple began developing its Vision Pro headset years ago, the project’s leaders believed its future fortunes hinged on the creativity of app developers outside Apple, just as the iPhone’s success had, said former employees who worked on the project. Increasingly, though, those developers are expressing frustration with the restrictions Apple is imposing on what Vision Pro technologies they can use in their apps. Unlike on the iPhone, Apple doesn’t... Read more ›
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As tiny chips and artificial intelligence algorithms become more powerful, a possible future where people control computers just by thinking has become more realistic, according to Brian Otis, the cofounder and former chief technology officer of Alphabet’s Verily life-sciences unit. Otis in February joined Precision Neuroscience as chief technology officer, a move that hasn’t been reported previously. Launched in 2021 by a group of founders including Neuralink cofounder Ben Rapoport,... Read more ›
3
In early March, Google’s top artificial intelligence executive, Demis Hassabis, tried to rally his team’s spirits after a bruising few weeks. Google had just released Gemini, a chatbot powered by technology from Hassabis’ group and Google’s best shot yet at showing it could catch up to OpenAI’s buzzy ChatGPT. Instead, Gemini attracted public ridicule for generating racist responses to user queries. At a meeting, Hassabis told the staff of his... Read more ›
2
For three years, General Motors, Ford and other automakers were all elbows, seeking to outdo one another in their commitment to electric vehicles, backed by tens of billions of dollars each in promised spending. But over the last five or so months, most did a U-turn: They had gotten EVs wrong, many said—customers were not lining up for them in droves as expected, at least not yet. GM and Ford... Read more ›
2
If there is something that really gets this crew's juices flowing it is, apparently, debating streaming video entertainment! This week's episode features a lively debate about a new trend plus a look at where AI is already disrupting media—and where it probably won't. Enjoy! Apple Spotify YouTube Read more ›
0
Welcome, Weekenders! In this newsletter:Inside Microsoft’s hiring of Inflection co-founder Mustafa SuleymanHow an LA backwater turned into a hotbed of America-first capitalismThe Top 5: Best summer camps for future tech mogulsPlus: The guy who cost Reddit billions; a blast from Marvel’s past; an incredible shortcut through Robert Caro’s “The Power Broker”; and the AI of the 18th century.The New York Times Co. bedeviled the internet earlier this week with an... Read more ›
0
On March 19, the 70-person staff of Inflection, an artificial intelligence startup that had raised $1.5 billion in less than two years, was summoned to a Hyatt hotel auditorium near the company’s Palo Alto, Calif., offices. Moments before, they’d received some shocking news: Microsoft would pay $650 million to license Inflection’s AI models and hire two of its three co-founders, Chief Scientist Karén Simonyan and CEO Mustafa Suleyman, who was... Read more ›
0
Reddit’s long-awaited coming-out party is over. After more than doubling to a high of $74.90 in the days after its public debut, the stock is now trading at a still-respectable $47 or so. The man who turned down the music is 35-year-old Andrew Freedman, a partner at Stamford, Conn.–based Hedgeye Risk Management, a market-research firm that sells its data to retail investors as well as institutional clients. Read more ›
0
School will be out for the summer before you know it, presenting an annual problem: how to keep kids engaged and challenged during summer vacation—a tall task throughout the year but exponentially harder during the break. That leads to another seasonal predicament: picking the right summer camp. And while summer camp may evoke the image of tents, canoes and sleepaway cabins in the woods, multiple weeks of math, science, music... Read more ›
0
There is something perverse about the Biden administration’s willingness to ban TikTok even as it is arguing that Meta Platforms, whose Instagram is one of TikTok’s biggest rivals, holds “monopoly power” in social media. That contradiction came to mind when we read Meta’s court filing on Friday, asking a court to toss out the Federal Trade Commission’s antitrust lawsuit against Meta. The filing highlights how Meta has had to retool... Read more ›
0
A mysterious company started by former Apple designer Jony Ive and OpenAI CEO Sam Altman to launch an artificial intelligence-powered personal device has started funding talks with some of the biggest names in venture capital. The startup has discussed deals with Emerson Collective and Thrive Capital, a major investor in OpenAI, whose conversational AI could theoretically power some of the device features, according to a person involved in the process... Read more ›
33
Last Wednesday, the hottest invite in El Segundo, Calif., was to a get-together at El Segundo Brewing on Main Street, which sits in the shadow of a sprawling Chevron refinery. Founders Fund hosted the happy hour, gathering some of the startup founders that have recently flocked to El Segundo to make rockets, portable nuclear reactors and lethal drones, among many other things. At the middle of it all was Peter... Read more ›
6
The market for initial public offerings seems to be heating up, and we’ve been updating and enhancing The Information’s Tech IPO Tracker to keep pace. On Monday, data security software firm Rubrik filed its public IPO prospectus, suggesting it will debut on the stock market later this month or in early May. Shopping rewards company Ibotta published its prospectus last month. Social media company Reddit and data center component maker... Read more ›
0
The eyes of Bader Al Mana—deputy chief investment officer at Sanabil, the venture arm of Saudi Arabia’s sovereign wealth fund—were heavy with jet lag last month as he spoke about his firm’s pursuit of investments in artificial intelligence startups at The Montgomery Summit in Los Angeles. Sanabil is focused on taking direct stakes in startups and building out its own AI playbook, he told the invite-only gathering of startup investors... Read more ›
0
We’re at the point in the artificial intelligence hype cycle where online pundits are looking to tear down what they’ve spent much of the past 18 months building up. Exhibit A is the spread this week of a nugget of a story The Information wrote nearly a year ago about the role of human reviewers in India in powering Just Walk Out, Amazon’s grab-and-go checkout technology. How this story has... Read more ›
0
Wow! I’m still buzzing from our Creator Economy Summit on Tuesday. It was amazing to see so many familiar faces, meet new subscribers and learn from our lineup of speakers. Thank you to everyone who traveled from near and far to be there! If you have any feedback on the event, we’d love to hear your thoughts. One of my favorite conversations of the day was with Diplo, the Grammy-winning... Read more ›
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We know that many of Silicon Valley’s investors are desperate to tap into the Middle East’s plentiful capital reserves. Less discussed are the hurdles Middle Eastern investors face while trying to land stakes in Silicon Valley’s best startups.A new fund wants to help both sides. Fahad AlSharekh, vice chair of Kuwaiti asset manager Kamco Invest, tells me he has raised $50 million to invest in emerging fund managers located in... Read more ›
0
Worrying about artificial intelligence turning into Skynet—a la the Terminator—should take a back seat to basic cybersecurity concerns, as we’ve written repeatedly. Today we’ve got news to prove our argument.Israeli cloud security firm Wiz has exclusively revealed to us that it discovered a substantial security flaw in Hugging Face, a wildly popular online repository of machine learning models that’s used by 50,000 organizations including Meta Platforms, Microsoft and Google.Shir Tamari,... Read more ›
0
When The Information began surveying readers about their outlook for 14 big tech companies in February 2023, the tech industry was in turmoil. Stocks were receding from their pandemic highs and layoffs were surging. Today, major stock indices are at all-time highs and tech companies big and small are racing to capitalize on advances in artificial intelligence. These shifting moods are captured in our new Tech Sentiment Tracker. Each month,... Read more ›
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Most popular sources
Business Insider
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27% 1 |
Tech Wire Asia
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9% 4 |
The Verge
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8% 0 |
Eurogamer.net
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7% 4 |
Gizmodo
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6% 0 |
| View sources » | |
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27.11.2024 16:31
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