A Long, Strange Trip for the ‘Uber for Nurses’Read more

Mike Sullivan

Crypto-Friendly Congress?

Photo: Mike Sullivan

Here is a question on my mind this week: Where is all the institutional interest in crypto that we heard so much about in 2018? On Monday, news emerged that Jamie Selway, who was leading Blockchain’s Wall Street push, left the company after seeing low demand. And at Coinbase, the person hired to oversee the company’s institutional business, never actually started, as the exchange narrows its focus to attract large crypto investors, rather than financial institutions.

With laws pending that would cut the industry some slack from regulators, perhaps it was a bit too soon for that wave to materialize. The SEC is said to be pursuing another crypto enforcement case, this time against the messaging startup Kik, which raised $100 million in a high-profile ICO. On Capitol Hill, one lawmaker is weighing simplifying rules governing crypto, which we discuss more below. If passed, those laws could pave the way for bigger players to get involved.

Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
CareRev co-founder Will Patterson stepped down as CEO last week. Art by Clark Miller
Exclusive startups venture capital
A Long, Strange Trip for the ‘Uber for Nurses’
Will Patterson was on a hot streak. As the co-founder and CEO of CareRev—a gig-work platform sometimes described as an “Uber for nurses”—he saw his company’s business surge during the pandemic as hospitals and clinics scrambled to find healthcare workers.
Instacart CEO Fidji Simo. Photo by Getty.
Exclusive startups Finance
Growth Wanes at Instacart, Gopuff
Grocery upstarts Instacart and Gopuff haven’t been able to deliver two things at once this year: growth and profits.
Nvidia CEO Jensen Huang. Photo by Bloomberg
semiconductors ai
Why Nvidia Aids Cloud Rivals of AWS, Google and Microsoft
Nvidia’s business of selling chips for artificial intelligence is going gangbusters, but the company faces a looming problem.
Introducing The Information’s Generative AI Database
OpenAI’s ChatGPT launched six months ago, igniting a boom in generative artificial intelligence.
The Port of Los Angeles, where Next Trucking has a significant presence. Photo by David McNew/Getty Images.
Exclusive startups Finance
Logistics Startup Next Trucking Tries to Sell Itself
Sequoia Capital–backed logistics startup Next Trucking, facing a slowdown in the trucking sector, is trying to sell itself, according to people familiar with the matter and a pitch deck reviewed by The Information.
Adam D'Angelo photograph by Ko Sasaki. Art by Clark Miller
The 1:1 ai
Adam D’Angelo’s Endless Quest to Answer Everything
Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.