Articles from www.theinformation.com

Articles from www.theinformation.com

Internal data: Brex had Q3 annualized net revenue of $283M, up 1% QoQ, and the company is far from profitable, as the growth spurt after SVB's collapse fizzles (www.theinformation.com)
2023-11-14

Sources: Sequoia Capital China, ZhenFund, and other big Chinese VCs have quietly invested in US AI startups in the past year, undeterred by US security concerns (www.theinformation.com)
2023-11-8 China Startup AI

Source: Amazon is developing a new LLM, codenamed Olympus, which could be announced by December and may power new features for the online store, Alexa, and AWS (www.theinformation.com)
2023-11-8 Amazon

Document: Coatue cut the value of its $120M stake in OpenSea to $13M as of Q2 2023, implying a valuation of $1.4B or less, down from $13.3B in January 2022 (www.theinformation.com)
2023-11-8

Sources: Palo Alto Networks is close to acquiring Tel Aviv-based startup Talon Cyber Security for $600M to $700M, and may announce the deal as soon as Monday (www.theinformation.com)
2023-11-6 Startup

Source: TikTok users sent $250M+ worth of digital gifts to US livestreamers in Q3; TikTok takes a 50% cut and is on track to earn $500M in US tips in 2023 (www.theinformation.com)
2023-11-3

Flexport acquires the tech stack of shuttered digital freight startup Convoy; a source says Convoy CEO Dan Lewis will join Flexport as part of the deal (www.theinformation.com)
2023-11-2 Startup

Healthcare automation company Olive AI, valued at $4B in July 2021, says it is shutting down and has sold parts of its business to Waystar and Humata Health (www.theinformation.com)
2023-11-1 AI

Sources: Humane set its ~$1K Ai Pin launch for Oct. 14, during the solar eclipse, but moved it to Nov. 9 as reports of Sam Altman and Jony Ive's device surfaced (www.theinformation.com)
2023-10-28 AI Solar

Sources: Apple employees have discussed using Vision Pro to diagnose and treat mental health issues; eye-tracking and cameras could measure a person's “affect” (www.theinformation.com)
2023-10-26 Apple

Sources: VC firm IVP is leading an investment in AI search engine Perplexity at a ~$500M valuation, up from $150M in March 2023; Perplexity generates $3M in ARR (www.theinformation.com)
2023-10-25 AI

Trucking marketplace Convoy abruptly starts winding down operations; sources say the company had ~$320M in revenue as of October, down from $630M in 2022 (www.theinformation.com)
2023-10-20

Sources: Apple fired at least five employees who worked in the company's App Store in China following an internal investigation into business misconduct (www.theinformation.com)
2023-10-19 China Apple

Internal message: Discord shuts down Gas nine months after acquiring the app, which let people share anonymous compliments and had ~1M DAUs in October 2022 (www.theinformation.com)
2023-10-19

Sources: Sam Altman told staff that OpenAI is generating revenue at a pace of $1.3B a year, implying it is generating $100M+/month, up 30% from three months ago (www.theinformation.com)
2023-10-13

Sources: X shut down a tool used to identify coordinated disinformation campaigns in recent months, as it moved services away from Google Cloud to cut costs (www.theinformation.com)
2023-10-10 Google

‘It's a cult': Inside effective accelerationism, the pro-AI movement taking over Silicon Valley — They have “e/acc” on their X handles and sun god memes in their social feeds (www.theinformation.com)
2023-10-9 AI

Sources: Anthropic is in talks to raise $2B+ from Google and others, at a $20B to $30B valuation, and projects generating $200M in revenue by the end of 2023 (www.theinformation.com)
2023-10-9

Source: Meta is paying several top creators millions of dollars each over multiple years for nonexclusive use of their likeness in its text-based AI characters (www.theinformation.com)
2023-10-9

Source: Microsoft plans to unveil its first chip designed for data centers that train and run LLMs at its annual Ignite developer and IT conference in November (www.theinformation.com)
2023-10-9

Sources describe Apollo's Yahoo turnaround efforts, including layoffs, asset sales, and new partnerships; Yahoo is on pace to generate $7B in 2023 gross revenue (www.theinformation.com)
2023-9-12 Layoffs Asset Yahoo

Elyana Thierry, X's head of brand safety, has left per her LinkedIn page, months after being elevated to the role after the previous head resigned in summer (www.theinformation.com)
2023-9-8 LinkedIn

Source: Apple's budget for training AI is now millions of dollars per day; its conversational AI team Foundational Models has ~16 people led by Ruoming Pang (www.theinformation.com)
2023-9-7 AI Apple Budget

Sources: over half of the 14 authors of Meta's original Llama research paper from February quit over battles for compute resources, a hot job market, and more (www.theinformation.com)
2023-9-6 Job Market

Source: OpenAI is on pace to generate more than $1B in revenue over the next 12 months from the sale of AI software and the computing capacity that powers it (www.theinformation.com)
2023-8-30 AI

Sources: Amazon has had early talks with Disney about working on a streaming version of ESPN, perhaps helping with distribution and taking a minority stake (www.theinformation.com)
2023-8-25 Amazon

Sources say TikTok plans to bar links to Amazon and other e-commerce sites in a bid to force people to use TikTok Shop to buy items they see on the app (www.theinformation.com)
2023-8-24 Amazon

Source: SpaceX is working with Cloudflare to increase Starlink's terrestrial network of mini data centers, which could help the service deliver faster speeds (www.theinformation.com)
2023-8-24 SpaceX

Sources: Salesforce is leading a ~$200M funding round in Hugging Face at a $4B+ valuation, more than doubling its share price and private valuation (www.theinformation.com)
2023-8-23 Salesforce

Sources: Tiger Global nears a deal to sell a ~2.1% stake in AI startup Cohere for ~$63M at a $3B valuation, up 40% from June 2023; Tiger will retain a ~5% stake (www.theinformation.com)
2023-8-23 Startup AI

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