Articles from www.theinformation.com

Articles from www.theinformation.com

Source: in H1 2023, Instacart's revenue grew 30%+ YoY to ~$1.4B but gross transaction volume grew ~5% YoY; Instacart reportedly plans to go public in September (www.theinformation.com)
2023-8-20

Sources: Meta is preparing to release a free open-source code-generating AI model dubbed Code Llama as soon as next week (www.theinformation.com)
2023-8-18 AI

Sources: Databricks had a total loss of ~$900M in its last two fiscal years, including $380M in the year ending in January 2023, and is close to break even (www.theinformation.com)
2023-8-18

Sources: Ramp, which offers credit cards and expense management software, is raising funding at a $5.5B valuation, a 32% cut to its $8.1B valuation from 2022 (www.theinformation.com)
2023-8-18 Credit Card

Sources: Modular, which offers AI development tools and a programming language, is discussing a Series A at a ~$600M valuation, after a $30M seed in June 2022 (www.theinformation.com)
2023-8-12 AI programming

Sources: ByteDance's revenue in China grew 25% YoY in 2022 to $69B, vs. 68% in 2021; overseas revenue grew from $6.5B in 2021 to $16B in 2022, thanks to TikTok (www.theinformation.com)
2023-8-11 China

Sources: Meta plans to build only ~1,000 units of its first-gen AR glasses due in 2024, using silicon carbide in the lenses and requiring a complicated assembly (www.theinformation.com)
2023-8-11 AR

Sources: TSMC and Apple have a deal where TSMC basically eats the cost of chip defects; Apple will save billions of dollars and get 3nm chips long before rivals (www.theinformation.com)
2023-8-8 Apple

SoftBank sues former IRL CEO Abraham Shafi for fraud after investing $150M in IRL in 2021 on user metrics claims; IRL allegedly paid to fill the site with bots (www.theinformation.com)
2023-8-5

Sources: some top ad agency executives say they'll commit up to 20% more with YouTube this fall than in 2022, while traditional TV ad commitments are down 15% (www.theinformation.com)
2023-8-2 YouTube

Sources: Changpeng Zhao tried to liquidate Binance.US earlier this year, before pivoting to attempting to sell the company, holding talks with Gemini and others (www.theinformation.com)
2023-8-2

Sources: Nvidia has asked some cloud provider startups for their customers' names; it also ensures some upstart cloud providers get early shipments of new chips (www.theinformation.com)
2023-8-1 Startup Nvidia

Former employees detail how the Apple Card partnership between Apple and Goldman Sachs soured; a source says Apple Card had ~10M users as of earlier this year (www.theinformation.com)
2023-7-26 Apple Goldman

Sources: the US SEC subpoenaed Bolt and sent a notice to former CEO Ryan Breslow last year over past misleading statements to current and potential investors (www.theinformation.com)
2023-7-22

Sources: Apple is struggling to assemble iPhone 15 Pro and Pro Max due to their larger screens and narrow bezels, which may lead to September launch shortages (www.theinformation.com)
2023-7-21 iPhone Apple

Sources: Meta's timeline for releasing AR glasses has slipped to at least 2027, as setbacks caused dropping microLED display tech, lidar, a 3D projector, more (www.theinformation.com)
2023-7-20 AR

Sources: Netflix told advertisers in the last two weeks that its ad-supported tier has around 1.5M subscribers in the US; Hulu's ad tier has ~30M US subscribers (www.theinformation.com)
2023-7-20 Netflix

Michael Moritz leaves Sequoia Capital to focus on the firm's wealth management business; source: Mike Vernal is also leaving; Daniel Chen left in recent months (www.theinformation.com)
2023-7-20

Sources: Cameo tells staff it is laying off 80+ workers because of financial pressures, leaving fewer than 50, down nearly 90% from its peak headcount last year (www.theinformation.com)
2023-7-19

Sources: Nvidia is nearing an investment in cloud compute service Lambda Labs in a deal that could total $300M, after taking a $100M equity stake in CoreWeave (www.theinformation.com)
2023-7-19 Nvidia Equity

Creator monetization platform Fanhouse agrees to be acquired by Passes, a rival platform that only launched in beta in December 2022 and raised a $9M seed (www.theinformation.com)
2023-7-15

Cloud security startup Orca sues Israeli competitor Wiz in the US for allegedly illegally copying patented software that monitors data stored on cloud servers (www.theinformation.com)
2023-7-13 Israel Startup

Sources: Google has delayed the release of its first fully customized chip for the Pixel by at least a year, after originally planning to introduce it in 2024 (www.theinformation.com)
2023-7-7 Google

Reddit battle spotlights existential question (www.theinformation.com)
2023-7-4 Reddit

Court docs: Satya Nadella said Azure's cloud server business made $34B in revenue in the year ended June 2022, less than half of AWS' revenue in the same period (www.theinformation.com)
2023-6-30

Sources: Sam Altman told developers in London about plans to create a “supersmart personal assistant for work”; the move could put OpenAI at odds with Microsoft (www.theinformation.com)
2023-6-27 Microsoft London

Source: a group of investors led by Apollo Global Management plans to make a $1B+ debt investment in US chipmaker Wolfspeed, which has a $6B market cap (www.theinformation.com)
2023-6-26

Social media startup IRL is shutting down after an investigation by its board concluded that 95% of its claimed 20M MAUs were “automated or from bots” (www.theinformation.com)
2023-6-24 Startup

Source: Jacob Devlin, who quit Google to join OpenAI in January 2023 after complaining Bard was being trained on ChatGPT data, has returned to Google (www.theinformation.com)
2023-6-24 Google

Reddit sales growth slowdown preceded fight over new API fees (www.theinformation.com)
2023-6-23 Reddit

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