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The Information
Kalley Huang @ The Information · 05/07/2025 09:01 EDT

Meta Renews Work on Facial Recognition Tech as Privacy Worries Fade

Back in 2021, Mark Zuckerberg and other top Facebook executives were dreaming big about how to design the company’s first generation of smart glasses. One feature they considered adding to them was facial recognition, which would have allowed someone wearing the glasses to, say, identify a person they bumped into at a party. Ultimately, though, Zuckerberg and the others discarded the idea, which presented a mountain of both technical challenges... Read more

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The Information
Sri Muppidi @ The Information · 05/07/2025 00:19 EDT

OpenAI Plans to Slash Revenue Share to Microsoft After Restructuring

As OpenAI seeks to overhaul its corporate structure, it also expects to slash the revenue share Microsoft receives by at least half by decade’s end, The Information reported. Microsoft, whose servers power OpenAI products, hasn’t yet agreed to the changes, according to a person who spoke with a ... Read more

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The Information
Natasha Mascarenhas @ The Information · 05/06/2025 23:02 EDT

Coatue Courts Individual Investors in New Tech Fund

Coatue Management is launching a new investment fund to back growing public and private technology companies including artificial intelligence and enterprise software. The twist? It’s courting individual investors to back the fund with a lower investment minimum than its other funds, according ... Read more

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The Information
Sri Muppidi @ The Information 2 place · 05/06/2025 21:52 EDT

OpenAI Plans to Slash Revenue Share to Microsoft After Restructuring

As OpenAI moves ahead with a corporate restructuring to appease its investors as well as regulators, it needs to get clearance from Microsoft, its biggest outside shareholder and business partner. One part of OpenAI’s plan involves reducing the percentage of revenue it shares with Microsoft. In financial projections OpenAI shared with investors, that percentage would drop by at least half by the end of this decade. Microsoft, whose servers power... Read more

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The Information
Martin Peers @ The Information · 05/06/2025 20:00 EDT

DoorDash Buys European Fixer-Upper

Food delivery’s great rivalry is heating up. DoorDash and Uber, the two giants of the restaurant-meal delivery scene in the U.S., are now poised to duke it out in Europe. DoorDash unveiled on Tuesday a $3.8 billion proposed takeover of UK-based Deliveroo, its biggest step yet to expand in Europe. Uber, meanwhile, did its best to rain on DoorDash’s parade by simultaneously announcing the $700 million purchase of 85% of... Read more

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The Information
Natasha Mascarenhas @ The Information · 05/06/2025 19:27 EDT

Former OpenAI and Deepmind Leaders Seek Funding For ‘ChatGPT for Material Science'

Periodic Labs, a startup founded by Liam Fedus, a former vice president of post-training research at OpenAI, has told potential investors it wants to raise hundreds of millions of dollars at a valuation of at least $1 billion, according to two people who spoke to company leaders. That’s a steep ... Read more

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The Information
Cory Weinberg @ The Information · 05/06/2025 19:19 EDT

At Milken, Wall Street's Eyes Widen for Data Centers

Billions and even tens of billions don't generate much excitement at the annual Milken conference, taking place now in Los Angeles. But trillions, and especially $6.7 trillion, get some attention. That's the much-talked about number from a McKinsey report about the money needed to build out data centers to power artificial intelligence by 2030. Silicon Valley inventions are creating more places for pension funds to park capital. And more avenues... Read more

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The Information
Anissa Gardizy @ The Information · 05/06/2025 18:50 EDT

AMD Reports 36% Revenue Growth

Shares in Advanced Micro Devices rose slightly in after-hours trading after the firm reported quarterly revenue at the high end of its earlier guidance for the quarter that ended in March. AMD’s revenue in the quarter was $7.4 billion, up 36% from the same period a year earlier. The company ... Read more

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The Information
Kaya Yurieff @ The Information · 05/06/2025 17:00 EDT

Why a YouTuber-Founded Company Is Selling Its Warehouse Business

Creators eager to expand their online fame into offline fortune have discovered they need to learn the intricacies of logistics overnight. Now one group of YouTubers that built a shipping business is going back to its roots.Selery Fulfillment, a Dallas-based logistics company backed by Mark Cuban, is acquiring the fulfillment operations of Fan of a Fan, which owns three warehouses in Southern California. Terms of the deal, which hasn’t previously... Read more

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The Information
Kevin McLaughlin @ The Information · 05/06/2025 16:22 EDT

ServiceNow, Salesforce Up the Ante in AI Battle

ServiceNow and Salesforce are now officially rivals, and so it follows that they would engage in the well-worn enterprise software tradition of issuing dueling press releases. At its annual customer conference, ServiceNow unveiled AI agents that can manage sales and customer service interactions ... Read more

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The Information
Theo Wayt @ The Information · 05/06/2025 14:57 EDT

Amazon Expands Temu Rival Haul to U.K., Saudi Arabia

Amazon has expanded its ultra-cheap Temu competitor, Amazon Haul, to the United Kingdom and Saudi Arabia, the company said on Tuesday. Amazon first launched Haul in the U.S. in November, part of an effort to respond to the rise of discount online retailers Temu and Shein. In February, The ... Read more

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The Information
Theo Wayt @ The Information · 05/06/2025 14:01 EDT

Amazon, Shopify Lenders Tighten Up as Trade Risks Mount

On Friday, Amazon sent many merchants selling goods on its e-commerce site a memo with pointers on how to navigate trade uncertainty amid steep U.S. tariffs. Suggestions included pivoting to selling in new countries and reshuffling inventory to different warehouses. Amazon also suggested merchants consider taking out loans, giving them funds to “invest in the areas of your business that make sense for you,” wrote Dharmesh Mehta, a senior executive... Read more

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The Information
Alex Perry @ The Information · 05/06/2025 13:43 EDT

Uber and Pony AI to Start Robotaxi Partnership

Uber has partnered with Chinese robotaxi company Pony AI to offer autonomously driven rides on Uber’s ride-hailing app. The two will initially launch in a city in the Middle East and have goals to expand to other countries. In the duo’s initial pilot phase, the robotaxis will have safety drivers ... Read more

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The Information
Jon Victor @ The Information · 05/06/2025 13:23 EDT

Booking Holdings’ CEO Is Hedging His AI Bets

We’ve written a lot about the possibility that consumers could soon use ChatGPT and other artificial intelligence chatbots for tasks like booking travel or ordering food, depriving app developers of ad revenue and eroding their relationship with customers.But Glenn Fogel, CEO of Booking Holdings, which generates more than $20 billion in revenue a year from travel bookings, says he isn’t sold on AI as the future of travel planning even... Read more

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The Information
Catherine Perloff @ The Information · 05/06/2025 12:26 EDT

The Department of Justice Argues for Breakup in Adtech Case

The government wants Google to sell two of its advertising technology businesses as a remedy to a Virginia court’s April ruling that Google operates a monopoly in the buying and selling of advertising on independent websites. In a court filing late Monday night, the Department of Justice argued ... Read more

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The Information
Ann Gehan @ The Information · 05/06/2025 12:25 EDT

Supplement Startup Grüns Confirms Fresh Funding, $500 Million Valuation

Gummy supplement startup Grüns announced a new round of funding valuing the company at $500 million, confirming an earlier report from The Information. The share sale totaled $35 million and includes new investor Headline, a consumer-focused firm that has previously backed Bumble, Gopuff and ... Read more

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The Information
Aaron Holmes @ The Information · 05/06/2025 12:10 EDT

Microsoft Unveils New Surface PCs at Lower Price Point

Microsoft on Tuesday unveiled new PCs from its Surface line that it says can run its AI “Copilot” features without an internet connection. The models are up to 20% cheaper than the last iteration of the AI-specialized Surface devices that Microsoft released last year, in part because they rely ... Read more

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The Information
Theo Wayt @ The Information · 05/06/2025 11:30 EDT

Amazon Adds New Buying Option to iOS Kindle App After Apple Payments Ruling

Amazon has made it easier to purchase books through the Kindle iOS app, after a federal judge ordered Apple last week to let app developers offer ways to buy products outside of the iPhone maker’s app store. Customers that wanted to buy a Kindle book previously had to navigate themselves to the ... Read more

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The Information
Theo Wayt @ The Information · 05/06/2025 10:31 EDT

Marc Lore’s Food Company Wonder Raises $600 Million at $7 Billion Valuation

Food company Wonder has raised $600 million from investors including NEA and Accel, CEO Marc Lore said on Tuesday, bringing its total money raised to more than $2 billion. Wonder plans to use the money to expand its operations beyond the New York metro area, including by opening more of its ... Read more

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The Information
Stephanie Palazzolo @ The Information 3 place · 05/06/2025 10:30 EDT

What OpenAI’s Governance Reversal Means

OpenAI’s decision on Monday to change course on its corporate restructuring looks to be a smart business choice. OpenAI has avoided a possible protracted conflict with Delaware—whose attorney general oversees nonprofits registered in the state, like OpenAI and implied she had something to do with the about-face. And OpenAI contends the changes it is still making—converting the for-profit arm into a public benefit corporation and switching its shareholders’ profit-sharing units... Read more

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