Articles from www.theinformation.com

Articles from www.theinformation.com

A look at Scale AI rival Surge AI, which raised no outside capital and told staff that it had $1B+ in 2024, vs. Scale's $870M, and has always been profitable (www.theinformation.com)
2025-6-20 AI

Source: Meta is in advanced talks to hire Nat Friedman and Daniel Gross to work on its AI efforts (www.theinformation.com)
2025-6-19 AI

Sources: OpenAI wants Microsoft to take a ~33% stake in exchange for giving up future profit rights, and seeks to revise its exclusive cloud deal with Microsoft (www.theinformation.com)
2025-6-17 Microsoft

Sources: Meta's talks with Scale AI started in mid-April, with Zuckerberg floating a $5B investment in early May, which Alexandr Wang later countered with $20B (www.theinformation.com)
2025-6-17 AI Zuckerberg

Current and former employees of OpenAI have sold nearly $3B worth of shares in tender offers since 2021, with $1.5B+ going to SoftBank alone (www.theinformation.com)
2025-6-13

Sources: Meta's Scale AI deal was motivated by Mark Zuckerberg's desire to find new leadership for Meta's AI efforts, relationship with Alexandr Wang, and more (www.theinformation.com)
2025-6-12 AI Zuckerberg

Sources: OpenAI talked with Saudi Arabia's PIF, India's Reliance, and the UAE's MGX about investing in the next installment of its $40B round led by SoftBank (www.theinformation.com)
2025-6-12 India Arabia Saudi Arabia

Salesforce is restricting third-party companies from long-term indexing and storing of Slack messages, which would hamper rival enterprise AI firms like Glean (www.theinformation.com)
2025-6-11 AI Salesforce Slack

Memo: Google offers voluntary buyouts to US staff in the knowledge and information organization, which includes core search and much of the ads organization (www.theinformation.com)
2025-6-11 Google

Sources: Meta agrees to take a 49% stake in Scale AI for $14.8B, in a deal that gives cash to Scale's shareholders and makes Alexandr Wang a top Meta executive (www.theinformation.com)
2025-6-11 AI

Source: Amazon is developing software for humanoid robots to deliver packages and is near completion of an indoor “humanoid park” in San Francisco to test them (www.theinformation.com)
2025-6-5 Amazon Robot San Francisco

How AppLovin, which lets advertisers use IP addresses to track users, began eroding Google's ad market share and pushed Google to loosen its privacy stance (www.theinformation.com)
2025-6-4 Google

Filing: neobank Chime plans to sell 26M shares in its IPO at $24 to $26, giving it a valuation between $10.3B and $11.1B; its two co-founders own 4% to 5% each (www.theinformation.com)
2025-6-2 IPO

Source: Chime's IPO is expected to price at ~$11B, down from its $25B private valuation in 2021; every VC-backed IPO in the past 12 months has been a down round (www.theinformation.com)
2025-5-31 IPO

Sources on how Apple declined a deal from Elon Musk to use SpaceX instead of Globalstar for its iOS SOS feature and its 2015 plans to build satellite internet (www.theinformation.com)
2025-5-28 IOS Apple Elon Musk SpaceX

A look at The Technology Brothers Podcast Network, a daily tech news talk show that has captured the attention of Silicon Valley's investors and founders (www.theinformation.com)
2025-5-25

Amazon plans to sell Nike products directly for the first time since 2019, when Nike stopped selling through Amazon due to lingering counterfeit issues (www.theinformation.com)
2025-5-22 Amazon

Sources: Nvidia is in advanced talks to invest in PsiQuantum, a startup looking to build quantum computers that is in the process of raising $750M+ (www.theinformation.com)
2025-5-19 Startup Nvidia Quantum

Chime's S-1: MyPay revenue totaled $64.3M in Q1 vs. estimated credit losses from the product of $57.3M, highlighting the risks with the paycheck advance product (www.theinformation.com)
2025-5-18

Sources: Cohere, which has raised $1B+, was on pace to generate just $70M in revenue annually as of February 2025, after projecting ~$450M in revenue in 2024 (www.theinformation.com)
2025-5-16

Sources: Chinese officials recently told some top local tech companies that the government will be more active in overseeing their AI data centers and AI chips (www.theinformation.com)
2025-5-15 China AI

Sources: Anthropic has new versions of Claude Sonnet and Opus, set to come out in the upcoming weeks, that can switch back to “reasoning” mode if they get stuck (www.theinformation.com)
2025-5-15

Source: Arista plans to acquire Broadcom's VeloCloud, a provider of SD-WAN tech to telecoms, for less than $1B: VMware bought VeloCloud for ~$450M in 2017 (www.theinformation.com)
2025-5-14 VMware

Amazon's Zoox offers free robotaxi rides to employees and other invited users in Las Vegas, after receiving approval to accept paying customers in Clark County (www.theinformation.com)
2025-5-14 Amazon Vegas

Sources: TikTok has been working on a new feature that will allow US users to share photos over DMs inside the app and also plans to introduce voice messaging (www.theinformation.com)
2025-5-14

Sources: ahead of I/O on May 20, Google is developing an AI “software development lifecycle agent” to help coders, and a Pinterest-like feature for consumers (www.theinformation.com)
2025-5-13 Google AI Google I/O

Sources: Snowflake challenger ClickHouse is in talks to raise hundreds of millions led by Khosla Ventures at a $6B valuation, triple its valuation from 2021 (www.theinformation.com)
2025-5-10

Sources: Meta is once again considering facial recognition for its smart glasses and other devices, after abandoning the idea over ethical concerns in 2021 (www.theinformation.com)
2025-5-8 Facial Recognition

Sources: Periodic Labs, which is building a “ChatGPT for material science”, is seeking to raise hundreds of millions of dollars at a valuation of at least $1B (www.theinformation.com)
2025-5-7

Sources: Apple plans to launch iPhone 18 Pro models in 2026 fall as usual and the standard iPhone 18 in spring 2027; iPhone 17 Air gets an optional battery case (www.theinformation.com)
2025-5-4 iPhone Apple Battery

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