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Articles from www.theinformation.com
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www.theinformation.com
Bolt told investors that it had revenue of $19.4M for the nine months ending in October 2023, essentially flat YoY; Bolt's troubles grow with a Fanatics lawsuit
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www.theinformation.com
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4 hours ago
Source: Tencent agrees to release some of its most important apps on the Apple Vision Pro
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www.theinformation.com
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2 days ago
Apple
Tencent
Bolt's board removes CEO Maju Kuruvilla, who took over after co-founder Ryan Breslow stepped down in 2022; head of sales Justin Grooms will be interim CEO
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www.theinformation.com
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3 days ago
Sources detail Meta's unconventional moves to attract and keep AI researchers, including Zuckerberg personally writing to DeepMind researchers to recruit them
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www.theinformation.com
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3 days ago
AI
Zuckerberg
Source: HeyGen, which uses AI to generate avatars and voices for videos, is raising $60M at a $440M pre-investment valuation, amid concerns about its China ties
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www.theinformation.com
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5 days ago
China
AI
Source: Microsoft agreed to pay Inflection ~$650M when hiring its staff, mostly via a licensing deal that makes Inflection's models available for sale on Azure
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www.theinformation.com
)
7 days ago
Microsoft
Sources: Cohere, which has raised $445M and was seeking new funding at a $6B valuation last year, generated just ~$13M in annualized revenue at the end of 2023
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www.theinformation.com
)
8 days ago
Sources: the US accounted for 60% of Temu's GMV in 2023, but the company hopes to reduce the share to as low as 30% by 2025, as US anti-China hostility grows
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www.theinformation.com
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9 days ago
China
Some GPT Store developers express disappointment over a lack of users and support from OpenAI on user analytics; OpenAI does not yet let developers charge a fee
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www.theinformation.com
)
10 days ago
ByteDance investors reassessing what the company's value would be without TikTok, estimate that TikTok lost several billion dollars in 2023 on revenue of ~$20B
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www.theinformation.com
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14 days ago
Filings: ByteDance-owned entity Picoheart is now the third-largest shareholder in InnoStar, a Chinese state-backed ReRAM chips maker, with a 9.5% stake
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www.theinformation.com
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15 days ago
China
Sources: e-commerce roll-up firm Kite, which was cofounded by Blackstone in 2022 and closed a $200M equity commitment, shut down earlier in 2024
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www.theinformation.com
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15 days ago
Equity
Source: Sam Altman will be reinstated to OpenAI's board of directors, alongside three new directors Sue Desmond-Hellmann, Nicole Seligman, and Fidji Simo
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www.theinformation.com
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20 days ago
Source: Y Combinator CEO Garry Tan early this year talked with OpenAI directors about joining the board, but it is unclear if the board is still considering Tan
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www.theinformation.com
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21 days ago
Y Combinator
Presentation: OpenView plans to return ~75% of a $571M fund it raised in 2023 to its LPs by Q3 and use the remaining capital to back ~30 portfolio companies
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www.theinformation.com
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22 days ago
Source: late last year, Google suggested Meta partner on Android XR, a new software platform for VR and AR, but Meta executives decided against a partnership
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www.theinformation.com
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27 days ago
Android
VR
Google
AR
Doc: EU regulators are probing whether Microsoft is preventing its customers from buying software that competes with its Entra ID identity management service
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www.theinformation.com
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28 days ago
Microsoft
Sources: Meta plans to launch Llama 3 in July, as it tries to overcome a perceived problem that Llama 2 is too “safe” with its answers about contentious topics
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www.theinformation.com
)
29 days ago
Sources: TikTok has replaced several senior executives, including the one running its trust and safety unit, giving the CEO more oversight of content moderation
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www.theinformation.com
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29 days ago
Sources: some US lawmakers are pushing for an import ban on goods sold on Temu, saying the company hasn't done enough to stop suppliers from using forced labor
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www.theinformation.com
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2024-2-24
Ban
Sources: Nextdoor's board discussed replacing CEO Sarah Friar with co-founder Nirav Tolia, who served as CEO between 2010 and 2018, or selling the company
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www.theinformation.com
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2024-2-23
Sources: Sequoia has picked partner Andrew Reed to replace Matthew Miller on Klarna's board; Miller led a failed effort to remove Michael Moritz as board chair
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www.theinformation.com
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2024-2-22
Source: Magic, which recently raised $117M and says its AI coding assistant has a larger context window than rivals', may have made an AI reasoning breakthrough
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www.theinformation.com
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2024-2-22
AI
Sources: some ByteDance executives expressed concerns over running the video editing app CapCut from China given the political scrutiny facing TikTok in the US
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www.theinformation.com
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2024-2-21
China
Emails: Sequoia Capital retracted its request to remove Michael Moritz as chairman of Klarna's board; Sequoia partner Matthew Miller is leaving Klarna's board
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www.theinformation.com
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2024-2-21
Source: Microsoft is developing a server networking card to boost perfomance of AI chips and lessen its reliance on Nvidia; Pradeep Sindhu is leading the effort
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www.theinformation.com
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2024-2-21
Microsoft
AI
Nvidia
Source: Sequoia partner Matthew Miller asked Klarna shareholders to remove Michael Moritz from the board of directors, with full support from Roelof Botha
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www.theinformation.com
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2024-2-16
Sources: Sam Altman told people that the $7T figure represents the total investments needed for his chip project, including real estate, over some years
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www.theinformation.com
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2024-2-16
Sources: Meta is reducing payments to news orgs that fact-check potential WhatsApp misinformation, including on elections, and has cut funding for CrowdTangle
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www.theinformation.com
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2024-2-15
WhatsApp
Sources: Together AI, which helps developers access Nvidia server chips to train AI models, is raising $100M+ led by Salesforce Ventures at a $1B+ valuation
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www.theinformation.com
)
2024-2-15
AI
Salesforce
Nvidia
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