Articles from www.theinformation.com

Articles from www.theinformation.com

Sources describe Apple's efforts to fully automate iPhone assembly lines, helping it reduce its reliance on China, including by buying startups like DarwinAI (www.theinformation.com)
2024-6-24 China iPhone Startup Apple

Source: Stability AI hired ex- CEO of Weta Digital Prem Akkaraju as new CEO; Akkaraju and Sean Parker are among investors that have stepped in to save Stability (www.theinformation.com)
2024-6-22 AI

Source: AI chipmaker Cerebras confidentially filed for a US IPO; filing: in early June, it authorized new shares at a steep discount to its 2021 funding round (www.theinformation.com)
2024-6-21 IPO AI

China's top-valued AI startup, Moonshot AI, recently debuted a role-play chat app and music maker app in the US; Chinese rival MiniMax also expanded to the US (www.theinformation.com)
2024-6-20 China Startup AI

Sources detail how Jensen Huang and Nvidia are guarding against slowing chip sales, including offering more cloud services and designing custom server racks (www.theinformation.com)
2024-6-19 Nvidia

Source: Apple told at least one supplier it has suspended work on the next Apple Vision Pro; sources: it's still aiming to debut a cheaper model by end of 2025 (www.theinformation.com)
2024-6-19 Apple

Source: Sam Altman recently told some investors that OpenAI is considering changing to a for-profit benefit corporation that its nonprofit board doesn't control (www.theinformation.com)
2024-6-15

Sources: Sakana AI, a Tokyo-based LLM developer founded last year by Google alumni, is raising ~$100M at a $1B valuation in a round led by NEA, Khosla, and Lux (www.theinformation.com)
2024-6-15 Google AI Tokyo

Sources: OpenAI's annualized revenue has hit $3.4B, up from $1.6B in late 2023 and $1B last summer; $3.2B comes from subscriptions to its chatbots and API fees (www.theinformation.com)
2024-6-13 chatbot

Sources: US-based AI startups Opus Clip and HeyGen, founded by China-born entrepreneurs, are scrambling to sever China ties by relocating China-based engineers (www.theinformation.com)
2024-6-12 China Startup AI Entrepreneur

Sources: Shein recorded $32.2B in sales in 2023, up 40% YoY, compared with 37% YoY growth in 2022, and doubled its net profit to $1.6B, for a 5% profit margin (www.theinformation.com)
2024-6-10

Source: Harvey, which builds generative AI tools for law firms, is in talks to raise $600M at a $2B+ valuation and mulls buying legal research company vLex (www.theinformation.com)
2024-6-8 AI

Sources: ByteDance has been renting Nvidia's GPUs from Oracle to bypass US sanctions; China Telecom and other Chinese companies are using the same loophole (www.theinformation.com)
2024-6-7 China Oracle Nvidia

Sources: Apple was in talks last year to debut Apple TV+ in China via a deal with China Mobile, which would make it the only US video streaming service in China (www.theinformation.com)
2024-6-5 China Mobile Apple

Sources: a16z and other investors in the fintech Synapse, which filed for bankruptcy in early May, were aware of recordkeeping discrepancies for years (www.theinformation.com)
2024-6-2 Fintech

Sources: the US is probing whether chip-equipment maker Ronda Korea has been selling parts using tech made by US' Lam Research to sanctioned Chinese companies (www.theinformation.com)
2024-5-31 China Korea

Sources: Sam Altman and Satya Nadella recently met to discuss Microsoft's concerns about how OpenAI's deal with Apple might affect Microsoft's product ambitions (www.theinformation.com)
2024-5-30 Microsoft Apple

Source: cloud GPU provider CoreWeave, which was last valued at $19B and raised ~$10B in equity and debt over the past year, plans an IPO in H1 2025 (www.theinformation.com)
2024-5-30 IPO Equity

Sources: to preserve privacy, Apple plans to process data from AI apps in a virtual black box in data centers, making the data impossible for staff to access (www.theinformation.com)
2024-5-30 AI Apple

Sources: Meta is considering charging users for a more advanced version of Meta AI and is developing AI agents that can complete tasks without human supervision (www.theinformation.com)
2024-5-24 AI

Sources: AI chip startup Groq has told investors it wants to raise about $300M by the end of month; Groq previously raised more than $367M at a $1B+ valuation (www.theinformation.com)
2024-5-23 Startup AI

Sources: Anduril has had early discussions to raise ~$1.5B at a $12.5B+ valuation, and told investors it roughly doubled revenue to about $500M last year (www.theinformation.com)
2024-5-21

Sources: Apple is working on a significantly slimmer iPhone that could be released concurrently with the iPhone 17, a major redesign, similar to the iPhone X (www.theinformation.com)
2024-5-18 iPhone Apple

AI coding startup Replit, which raised $220M+ and was last valued at $1B, lays off 30 employees, or 20% of its staff, and pivots to enterprise sales (www.theinformation.com)
2024-5-17 Startup AI

Figma is letting staff and early investors sell up to $900M of shares in a tender at a $12.5B valuation, down ~38% from Adobe's $20B acquisition proposal (www.theinformation.com)
2024-5-17 Adobe

Source: Stability AI has talked to at least one potential buyer in recent weeks about a sale; it lost $30M+ in Q1 and owes ~$100M to cloud providers and others (www.theinformation.com)
2024-5-16 AI

Source: xAI has been talking to Oracle about a multi-year $10B deal to rent cloud servers, which would make xAI one of Oracle's largest customers (www.theinformation.com)
2024-5-15 Oracle

Sources: in recent months, China asked ByteDance, Tencent, Alibaba, Baidu, and others to cut back on Nvidia purchases in favor of chips made by local companies (www.theinformation.com)
2024-5-13 China Alibaba Tencent Nvidia

Waymo says its Waymo One robotaxis now complete over 50K paid trips every week across San Francisco, Phoenix, and Los Angeles, up from 10K rides in May 2023 (www.theinformation.com)
2024-5-11 San Francisco

Sources: OpenAI is preparing to demonstrate an AI voice assistant that recognizes objects and images and has better logical reasoning than its current products (www.theinformation.com)
2024-5-11 AI

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