Articles from www.theinformation.com

Articles from www.theinformation.com

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 (www.theinformation.com)
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 (www.theinformation.com)
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 (www.theinformation.com)
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 (www.theinformation.com)
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 (www.theinformation.com)
2024-3-6

Source: late last year, Google suggested Meta partner on Android XR, a new software platform for VR and AR, but Meta executives decided against a partnership (www.theinformation.com)
2024-3-2 Android VR Google AR

Doc: EU regulators are probing whether Microsoft is preventing its customers from buying software that competes with its Entra ID identity management service (www.theinformation.com)
2024-2-29 Microsoft

Sources: Meta plans to launch Llama 3 in July, as it tries to overcome a perceived problem that Llama 2 is too “safe” with its answers about contentious topics (www.theinformation.com)
2024-2-29

Sources: TikTok has replaced several senior executives, including the one running its trust and safety unit, giving the CEO more oversight of content moderation (www.theinformation.com)
2024-2-28

Sources: some US lawmakers are pushing for an import ban on goods sold on Temu, saying the company hasn't done enough to stop suppliers from using forced labor (www.theinformation.com)
2024-2-24 Ban

Sources: Nextdoor's board discussed replacing CEO Sarah Friar with co-founder Nirav Tolia, who served as CEO between 2010 and 2018, or selling the company (www.theinformation.com)
2024-2-23

Sources: Sequoia has picked partner Andrew Reed to replace Matthew Miller on Klarna's board; Miller led a failed effort to remove Michael Moritz as board chair (www.theinformation.com)
2024-2-22

Source: Magic, which recently raised $117M and says its AI coding assistant has a larger context window than rivals', may have made an AI reasoning breakthrough (www.theinformation.com)
2024-2-22 AI

Sources: some ByteDance executives expressed concerns over running the video editing app CapCut from China given the political scrutiny facing TikTok in the US (www.theinformation.com)
2024-2-21 China

Emails: Sequoia Capital retracted its request to remove Michael Moritz as chairman of Klarna's board; Sequoia partner Matthew Miller is leaving Klarna's board (www.theinformation.com)
2024-2-21

Source: Microsoft is developing a server networking card to boost perfomance of AI chips and lessen its reliance on Nvidia; Pradeep Sindhu is leading the effort (www.theinformation.com)
2024-2-21 Microsoft AI Nvidia

Source: Sequoia partner Matthew Miller asked Klarna shareholders to remove Michael Moritz from the board of directors, with full support from Roelof Botha (www.theinformation.com)
2024-2-16

Sources: Sam Altman told people that the $7T figure represents the total investments needed for his chip project, including real estate, over some years (www.theinformation.com)
2024-2-16

Sources: Meta is reducing payments to news orgs that fact-check potential WhatsApp misinformation, including on elections, and has cut funding for CrowdTangle (www.theinformation.com)
2024-2-15 WhatsApp

Sources: Together AI, which helps developers access Nvidia server chips to train AI models, is raising $100M+ led by Salesforce Ventures at a $1B+ valuation (www.theinformation.com)
2024-2-15 AI Salesforce Nvidia

Source: OpenAI has been developing a web search product partly powered by Bing (www.theinformation.com)
2024-2-15

AI researcher Andrej Karpathy, one of the founding members of OpenAI, leaves the company; Karpathy was developing a product that he described as an AI assistant (www.theinformation.com)
2024-2-14 AI

Source: Disney's $1.5B investment in Epic Games will give Disney a 9% stake in Epic at a valuation of $22.5B, down ~29% from its 2022 valuation of $31.5B (www.theinformation.com)
2024-2-9

Sources: Flexport lost at least $2M/month in 2023 on its air freight deal with Apple, started in late 2022 to ship products from some Asian factories to the US (www.theinformation.com)
2024-2-9 Apple

Sources: OpenAI is developing two types of agent software: one to automate tasks by effectively taking over a user's device, and the other for web-based tasks (www.theinformation.com)
2024-2-8

Source: Apple is building at least two iPhone prototypes that fold widthwise; the devices are in early development and not set for production in 2024 or 2025 (www.theinformation.com)
2024-2-8 iPhone Apple

Sources: Baidu Venture is in talks to sell its stakes in US startups, including AI robotics startup Machina Labs, to US buyers, as US-China relations sour (www.theinformation.com)
2024-2-3 China Startup AI Robot

Sources: fabless semiconductor startup Astera Labs is meeting with prospective investors ahead of a potential March IPO; Astera was valued at $3.15B in 2022 (www.theinformation.com)
2024-2-2 IPO Startup

Sources: TikTok plans to open studios in several cities, including LA, where creators can livestream and sell products, a strategy that worked for Douyin (www.theinformation.com)
2024-1-31

Source: Alphabet execs told staffers at its moonshot X lab that the company will not convert promising investment projects into Other Bets subsidiaries in 2024 (www.theinformation.com)
2024-1-30 Alphabet

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