Articles from www.theinformation.com

Articles from www.theinformation.com

Source: Meta is working on a search engine that provides conversational answers about current events for Meta AI users, to reduce its reliance on Google (www.theinformation.com)
2024-10-29 Google AI

Sources: Google plans to preview an AI product codenamed Jarvis, which takes over a user's web browser to complete tasks like booking a flight, in December (www.theinformation.com)
2024-10-27 Google AI Browser

Source: Perplexity CEO told staff in 2023 that it had acquisition offers from X, OpenAI, and Notion, in the $150M to $200M range; Microsoft was also interested (www.theinformation.com)
2024-10-26 Microsoft

Sources: Apple has sharply scaled back Vision Pro production since early summer, and could stop making the existing version entirely by the end of 2024 (www.theinformation.com)
2024-10-24 Apple

Sources: Shein's revenue growth slowed to 23% YoY to $18B in H1 2024 and its profit declined 70%+ YoY to just under $400M, as competition with Temu intensifies (www.theinformation.com)
2024-10-23

A look at Greg Brockman's role at OpenAI, as his return from a sabbatical nears; sources: OpenAI CFO thinks Apple pulled out of fundraising due to Murati's exit (www.theinformation.com)
2024-10-19 Apple

LinkedIn woos publishers, testing a “News Banner” on its mobile app feed and a video ad program that sources say will earn Bloomberg and WSJ $2M+ each in 2024 (www.theinformation.com)
2024-10-19 LinkedIn Mobile

Sources: the US is probing if TSMC has been making AI or smartphone chips for Huawei in breach of US sanctions, including Huawei buying chips via intermediaries (www.theinformation.com)
2024-10-18 AI

Sources detail how Nvidia and TSMC's lucrative AI alliance is showing signs of stress as AI booms; sources say Nvidia found flaws in TSMC-made Blackwell chips (www.theinformation.com)
2024-10-17 AI Nvidia

UK filings: Google DeepMind's operating profit rose 91% YoY to £136M in 2023, after Google Brain merger; Alphabet's Isomorphic Labs had £60.4M loss, up 3x+ YoY (www.theinformation.com)
2024-10-16 Google Alphabet

Sources: Pittsburgh-based Abridge, which uses AI to transcribe doctors' conversations with their patients, raised $250M at a $2.5B pre-money valuation (www.theinformation.com)
2024-10-15 AI

Sources: OpenAI's research organization is in upheaval after the promotion of Liam Fedus to lead post-training, with several researchers asking to switch teams (www.theinformation.com)
2024-10-15

Source: SoftBank's Vision Fund has agreed to invest $500M in OpenAI's latest funding round, SoftBank's first investment in OpenAI, which is raising $6.5B (www.theinformation.com)
2024-10-1

Source: Amazon exceeded its goal of $1.8B in ad-spending commitments for its video-streaming offerings, including Thursday Night Football, in the coming year (www.theinformation.com)
2024-9-27 Amazon

Source: a demo of Sora initially took 10+ minutes to make a 1-minute clip; source: OpenAI execs spoke of training an improved Sora that could quickly make clips (www.theinformation.com)
2024-9-26

Sources: some key staff working on Microsoft's distilled AI models like Phi, trained on synthetic data, have left the Microsoft AI unit led by Mustafa Suleyman (www.theinformation.com)
2024-9-25 Microsoft AI

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

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