Articles from www.theinformation.com

Articles from www.theinformation.com

Sources: Scale AI nearly quadrupled sales YoY to ~$400M in H1 2024 and had ~$980M in cash; the data labeling startup raised $1B at a $13.8B valuation in May (www.theinformation.com)
2024-9-24 Startup AI

Source: Anthropic has started talking to investors about a future capital raise, floating a $30B-40B valuation, around double its valuation from earlier in 2024 (www.theinformation.com)
2024-9-24

Source: most daily users of Meta AI do so through WhatsApp, followed by Facebook, and few via Instagram; the vast majority of Meta AI's users are outside the US (www.theinformation.com)
2024-9-21 Facebook AI Instagram WhatsApp

Sources: ByteDance aims to mass produce two AI chips designed alongside TSMC in 2026; a source says ByteDance plans to order several hundred thousand (www.theinformation.com)
2024-9-16 AI

Source: OpenAI's ChatGPT has 11M+ paying subscribers, including 1M for its higher-priced business plans, implying it's generating $225M+ in revenue per month (www.theinformation.com)
2024-9-13

Sources describe how Stripe was forced to scramble after its payments partnership with Wells Fargo ended and Goldman Sachs decided against taking up the role (www.theinformation.com)
2024-9-11 Goldman

Sources: OpenAI aims to release its reasoning-focused Strawberry AI within two weeks as a model users can pick in ChatGPT; it will lack multimodal capabilities (www.theinformation.com)
2024-9-11 AI

Filing: OnlyFans revenue rose 20% YoY to ~$1.31B for the FY ending November 2023; creator accounts grew 29% to ~4.1M, while fan accounts rose 28% to 305M (www.theinformation.com)
2024-9-7

Sources: Huawei and SMIC are struggling with making chips for Huawei's next flagship Mate 70, due to US restrictions; Huawei was aiming for a September release (www.theinformation.com)
2024-9-5

Coatue founder Philippe Laffont has left the board of ByteDance following a report that Coatue was considering selling a portion of its ByteDance stake (www.theinformation.com)
2024-9-1

Mark Zuckerberg says Meta AI has over 185M weekly active users and over 400M MAUs and it's “growing quickly” even without a rollout “in UK, Brazil, or EU yet” (www.theinformation.com)
2024-8-31 AI Brazil Zuckerberg

Sources: Meta plans to release a new MR device codenamed Puffin in 2027, resembling a bulky pair of glasses with a second unit for battery and computing power (www.theinformation.com)
2024-8-29 Battery

Source: OpenAI showed a breakthrough called Strawberry to US natsec officials this summer; one of its top uses is to make training data for a new frontier model (www.theinformation.com)
2024-8-28

An overview of AI startups largely founded by former AI researchers from Google, including Reka, Ideogram, H, Inflection, and Character AI (www.theinformation.com)
2024-8-27 Google Startup AI

The French AI startup called H, formerly Holistic, says three of its five co-founders are leaving over “operational differences”, after raising $220M in May (www.theinformation.com)
2024-8-24 France Startup AI

Sources: Meta cancels plans for a premium headset, codenamed La Jolla and envisioned as a competitor to Apple's Vision Pro, after development began in November (www.theinformation.com)
2024-8-24 Apple

Internal memo: Noam Shazeer, the ex-CEO of Character.AI who joined Google this month, will be Gemini co-technical lead and work with Jeff Dean and Oriol Vinyals (www.theinformation.com)
2024-8-23 Google AI

Sources: Stripe plans a tender offer to buy back shares held by current employees with its own cash; Stripe is offering $27.51/share, implying a $70B valuation (www.theinformation.com)
2024-8-23

Source: Meta's Llama struggles to gain traction on AWS, where Claude is most popular; Microsoft pitches Llama to clients with data expertise, per a staffer (www.theinformation.com)
2024-8-22 Microsoft

Letter to investors: Bolt is finalizing a $450M Series F valuing the startup at $14B but with harsh terms for existing investors; Ryan Breslow to return as CEO (www.theinformation.com)
2024-8-21 Startup

Sources: after recent OpenAI shakeups, Chief Scientist Jakub Pachocki, post-training lead Barret Zoph, frontiers research lead Mark Chen, others gain prominence (www.theinformation.com)
2024-8-14

TikTok is offering steep discounts on goods to US users who invite friends to the app, expanding a referral scheme from countries like Japan and Thailand (www.theinformation.com)
2024-8-10 Japan Thailand

TikTok and Pinterest partner with Amazon to let users buy items from Amazon ads without leaving the social media apps (www.theinformation.com)
2024-8-9 Amazon

Sources: Meta is in talks to license its Horizon software to Jio, which would use it to power a VR device (www.theinformation.com)
2024-8-8 VR

Sources: Opal, previously Opal Camera, which makes $300 webcams, raised a $60M Series B led by OpenAI Startup Fund and plans to make new OpenAI-powered devices (www.theinformation.com)
2024-8-8 Startup

Source: OpenAI President and co-founder Greg Brockman is taking an extended leave of absence, and product leader Peter Deng, who joined last year, has left (www.theinformation.com)
2024-8-6

Sources: Nvidia told Microsoft, and another large cloud provider, that its new Blackwell AI chips will be delayed by three months or more due to design flaws (www.theinformation.com)
2024-8-3 Microsoft AI Nvidia

Character.AI told staff that investors will be bought out at a valuation of ~2.5x its $1B 2023 valuation, and it plans to adopt open-source models for products (www.theinformation.com)
2024-8-3 AI

Source: TikTok was paying Microsoft ~$20M/mo. to use OpenAI's models in Azure OpenAI Service as of March, ~25% of the total revenue that service was generating (www.theinformation.com)
2024-8-1 Microsoft

Meta scraps its celebrity AI chatbot feature less than a year after launch and now expects people to use Meta's new AI Studio to customize their own AI avatars (www.theinformation.com)
2024-7-31 AI chatbot

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