Articles from www.theinformation.com

Articles from www.theinformation.com

Court docs: Satya Nadella said Azure's cloud server business made $34B in revenue in the year ended June 2022, less than half of AWS' revenue in the same period (www.theinformation.com)
2023-6-30

Sources: Sam Altman told developers in London about plans to create a “supersmart personal assistant for work”; the move could put OpenAI at odds with Microsoft (www.theinformation.com)
2023-6-27 Microsoft London

Source: a group of investors led by Apollo Global Management plans to make a $1B+ debt investment in US chipmaker Wolfspeed, which has a $6B market cap (www.theinformation.com)
2023-6-26

Social media startup IRL is shutting down after an investigation by its board concluded that 95% of its claimed 20M MAUs were “automated or from bots” (www.theinformation.com)
2023-6-24 Startup

Source: Jacob Devlin, who quit Google to join OpenAI in January 2023 after complaining Bard was being trained on ChatGPT data, has returned to Google (www.theinformation.com)
2023-6-24 Google

Reddit sales growth slowdown preceded fight over new API fees (www.theinformation.com)
2023-6-23 Reddit

TikTok COO Vanessa Pappas steps down after five years at the company to refocus on “entrepreneurial passions” (www.theinformation.com)
2023-6-23

Google files a US FTC complaint alleging Microsoft used Office 365 licensing terms to lock clients into Azure contracts; Microsoft changed its EU terms in 2022 (www.theinformation.com)
2023-6-22 Google Microsoft

Sources: Meta is working on ways to make the next version of LLaMA available for commercial use; the model is currently only licensed for research use (www.theinformation.com)
2023-6-16

Source: Rob Bearden, CEO of Cloudera, told employees he is stepping down, two years after KKR and CD&R acquired the data management software company for ~$5.3B (www.theinformation.com)
2023-6-14

Preqin: total US dollars raised by China-focused VC and PE funds peaked at $48.6B in 2021 before dropping to $16.5B in 2022 and just $1.15B so far in 2023 (www.theinformation.com)
2023-6-13 China Private Equity Venture Capital

Sources: Zume, which used robots to automate pizza-making, shuts down and is undergoing liquidation; the startup raised $375M from SoftBank and $445M in total (www.theinformation.com)
2023-6-3 Startup Robot

Sources: NYC-based Runway, which uses AI to let users generate videos from text descriptions, raised ~$100M from Google and others at a ~$1.5B valuation (www.theinformation.com)
2023-6-1 Google AI

Source: MoonPay company insiders, including its CEO, cashed out shares worth $150M as part of the crypto payment company's 2021 $555M Series A (www.theinformation.com)
2023-5-31

Source: Twitter stopped paying Redis Labs for software handling high-traffic services, including live-audio, weeks before Ron DeSantis' glitchy Spaces event (www.theinformation.com)
2023-5-27 Twitter

An SEC filing shows OpenAI closed a $175.3M fund to invest in startups, 75% higher than the money raised when the fund launched in May 2021, from 14 investors (www.theinformation.com)
2023-5-25 Startup

Source: Instacart had ad revenue of about $740M in 2022, up 30% from 2021; nearly 30% of Instacart's 2022 revenue came from selling ads (www.theinformation.com)
2023-5-19

Sources: Snowflake is in advanced talks to buy Neeva and aims to offer AI tools to help companies search internal data; Neeva also shopped itself to Databricks (www.theinformation.com)
2023-5-18 AI

Source: OpenAI is preparing to publicly debut its first open-source LLM, amid a proliferation of open-source alternatives, including variants of Meta's LLaMA (www.theinformation.com)
2023-5-16

Sources: Binance.US and Changpeng Zhao are exploring ways to cut Zhao's majority stake in the company, hoping to improve Binance's standing before US regulators (www.theinformation.com)
2023-5-12

Microsoft Eyes Firefox Search Deal as Bing Chatbot Gains Sputter (www.theinformation.com)
2023-5-12 Microsoft chatbot Firefox

Sources: OpenAI's losses roughly doubled to ~$540M in 2022, and Sam Altman privately suggested the company may try to raise as much as $100B in the coming years (www.theinformation.com)
2023-5-9

Amazon is working on AI tools to generate photos and videos for merchants' ad campaigns on its platform, as the company seeks to build a broader ad business (www.theinformation.com)
2023-5-9

Source: IRL CEO Abraham Shafi has stepped down, following allegations the messaging startup used bots to inflate the users it reported publicly and to investors (www.theinformation.com)
2023-4-29 Startup

Filing: a former employee alleges messaging app IRL inflated its user numbers and retaliated against him and others for raising concerns; IRL has raised $200M (www.theinformation.com)
2023-4-28

Sources detail how organizational dysfunction and a lack of ambition bogged down Apple's AI and ML efforts, including the work of the group responsible for Siri (www.theinformation.com)
2023-4-28 AI Apple

Sources: Andy Jassy picks 14-year Amazon veteran Eric Rimling as his technical adviser, a prestigious two-year position; Jassy was Bezos' adviser in the 2000s (www.theinformation.com)
2023-4-26 Amazon

Weaviate, which offers open-source vector databases for startups building generative AI tools, raised a $50M Series B led by Index Ventures at a $200M valuation (www.theinformation.com)
2023-4-22 Startup AI

Docs: Tiger Global told investors that its $12.7B fund had a paper loss of 20% as of December 2022, down from an 8% loss as of June and 11% loss as of September (www.theinformation.com)
2023-4-20

Sources: NYC-based event ticketing startup SeatGeek confidentially filed for a US IPO in April; a source says the company expects $500M+ in revenue in 2023 (www.theinformation.com)
2023-4-20 IPO Startup

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