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Articles from www.theinformation.com
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www.theinformation.com
Sources: a Huawei-led consortium, backed by Chinese government funding, aims to compete with Nvidia by making high-bandwidth memory chips, used in GPUs, by 2026
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www.theinformation.com
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1 day ago
China
Nvidia
Sources: ByteDance is exploring scenarios for selling a majority stake in TikTok US, preferably to non-tech companies, and without the recommendation algorithm
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www.theinformation.com
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2 days ago
Algorithm
Source: Cognition, which offers an AI coding assistant, raised $175M led by Founders Fund at a $2B valuation, a month after a Series A at a $350M valuation
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www.theinformation.com
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2 days ago
AI
Sources: cloud security startup Wiz is in advanced talks to acquire competitor Lacework for $150M-$200M; Lacework raised $1.8B and was valued at $8.3B in 2021
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www.theinformation.com
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8 days ago
Startup
Source: Mistral is in talks with investors about raising several hundred million dollars at a $5B valuation, after raising $415M at a $2B valuation in Dec. 2023
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www.theinformation.com
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10 days ago
Sources: StubHub aims to go public by late summer but may call off the listing if it can't get close to the $16.5B valuation from a funding round in 2021
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www.theinformation.com
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14 days ago
Source: OpenAI has fired two researchers on its AI safety team for allegedly leaking information, including Leopold Aschenbrenner, an ally of Ilya Sutskever
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www.theinformation.com
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15 days ago
AI
Sources: TikTok is testing an AI feature that generates a virtual influencer and a script for a video ad based on prompts submitted by advertisers
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www.theinformation.com
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15 days ago
AI
Sources: ByteDance misled the Central Bank of Ireland in early 2023, after HSBC shut down the company's bank accounts following a money laundering probe
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www.theinformation.com
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16 days ago
HSBC
Ireland
Source: Meta plans to launch two small non-multimodal versions of Llama 3 next week; the biggest Llama 3 model will be multimodal and is expected this summer
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www.theinformation.com
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18 days ago
TikTok expands TikTok Lite, which gives people financial incentives to watch its videos, to Spain and France, amid growth struggles in Europe
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www.theinformation.com
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18 days ago
France
Europe
Spain
Source: Jony Ive and Sam Altman's AI device startup is in funding talks with Emerson Collective and Thrive Capital; Ive wants to raise up to $1B in funding
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www.theinformation.com
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21 days ago
Startup
AI
As Amazon plans more grocery stores after an 18-month pause, it will use Dash Carts, where shoppers can scan items as they shop, instead of Just Walk Out tech
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www.theinformation.com
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24 days ago
Amazon
Sources: Microsoft and OpenAI are a planning a new “Stargate” US-based supercomputer that could cost $100B to power OpenAI products
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www.theinformation.com
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28 days ago
Microsoft
Sources: Accel is in talks to lead a round in Scale AI at a $13B valuation, up from $7.3B in 2021; Scale AI generated $675M+ in revenue in 2023, up ~150% YoY
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www.theinformation.com
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28 days ago
AI
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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29 days 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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2024-3-27
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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2024-3-26
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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2024-3-26
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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2024-3-24
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
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2024-3-22
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
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2024-3-21
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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2024-3-20
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
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2024-3-19
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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2024-3-14
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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2024-3-13
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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2024-3-13
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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2024-3-9
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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2024-3-7
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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2024-3-6
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