The Briefing by Martin Peers, Jessica E. Lessin and the team at The Information

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The Briefing

By Martin Peers, Jessica E. Lessin and the team at The Information

Get smarter about the day’s news in tech, media and finance by following Silicon Valley’s most-read executive newsletter.

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Recent Editions

A Cruise robotaxi in San Francisco last year. Photo via Getty.

GM’s Cruise Hits a Dead End

By Martin Peers · Dec 10, 2024 5:00pm PST

And then there were three. General Motors’ decision to abandon its Cruise self-driving–car unit’s efforts in the robotaxi market on Tuesday is good news for Alphabet’s Waymo, already the market leader, and helpful for Tesla, which has ambitions in the market. (Let’s not forget Amazon, which is testing its Zoox robotaxis in San Francisco as... And then there were three. General Motors’ decision to abandon its Cruise self-driving–car unit’s...

Art by Clark Miller

Google Asks FTC to Kill Microsoft’s Exclusive Cloud Deal with OpenAI

By Aaron Holmes · Dec 10, 2024 3:41pm PST · 2 comments

Google recently asked the U.S. government to break up Microsoft’s exclusive agreement to host OpenAI’s technology on its cloud servers, according to a person who has been directly involved in the effort. The conversation took place after the Federal Trade Commission, one of the primary federal antitrust enforcement agencies, asked... Google recently asked the U.S. government to break up Microsoft’s exclusive agreement to...

Photo via Getty

CoreWeave’s IPO Prep Kicks Into Gear; Is SpaceX’s Valuation Rational?

By Cory Weinberg · Dec 10, 2024 3:21pm PST

The big venture-backed initial public offering this week is a bit like meat and potatoes—it’s filling but not all that exciting. ServiceTitan, the Bessemer and Battery Ventures-backed software seller to electricians and plumbers, is expected to price its IPO Wednesday and begin trading on Nasdaq on Thursday with a market capitalization somewhere... The big venture-backed initial public offering this week is a bit like meat and potatoes—it’s...

Project Liberty founder Frank McCourt. Photo via Getty.

The Billionaire Who Wants to Buy TikTok

By Kaya Yurieff · Dec 10, 2024 2:00pm PST

Project Liberty founder Frank McCourt. Photo via Getty.

Creator Economy

The Billionaire Who Wants to Buy TikTok

By Kaya Yurieff · Dec 10, 2024 2:00pm PST

Earlier this year, billionaire Frank McCourt hosted a dinner in Malibu, Calif. with more than a dozen TikTok creators to tell them about his proposal to buy the short-form video app. The aim of the dinner was to feel out with creators whether the bid was “on the right track,” McCourt said in an interview. Earlier this year, billionaire Frank McCourt hosted a dinner in Malibu, Calif. with more than a...

Photo via Getty

The Software Firms OpenAI Works With; o1’s Deception

By Stephanie Palazzolo · Dec 10, 2024 7:00am PST

OpenAI on Monday gave us a deeper look into the software suppliers it works with, specifically those that touch customer data at some point. The list, which includes everyone from Microsoft to Cloudflare to a few smaller and less well known firms, reveals a lot about the enterprise tech stack of one of the most sophisticated and well-funded... OpenAI on Monday gave us a deeper look into the software suppliers it works with, specifically...

Art by Mike Sullivan

Breaking Up Google Could Make Rival Browsers’ Life Worse

By Catherine Perloff · Dec 10, 2024 6:00am PST · 2 comments

To many in tech, Google is the big, bad tech giant that monopolizes search and dominates the web browser market. To others, though, particularly in the independent browser world, Google is like a generous parent—and those browsers don’t want the antitrust verdict against it to change things. Many browsers rely on Google, either for... To many in tech, Google is the big, bad tech giant that monopolizes search and dominates the web...

President-elect Donald Trump and President of China, Xi Jinping. Photos via Getty.

Nvidia’s China Risk

By Martin Peers · Dec 9, 2024 5:00pm PST

Investors may need to rethink the valuation they’re putting on Nvidia. Shares of the artificial intelligence chipmaker fell 2.5% on Monday after Chinese regulators revealed they had opened an investigation into whether Nvidia broke anti-monopoly laws there. Details of the probe are described here. Suffice it to say this could well be one of... Investors may need to rethink the valuation they’re putting on Nvidia. Shares of the artificial...

Image by Midjourney

OpenAI’s Sora Could Be Here This Week

By Stephanie Palazzolo · Dec 9, 2024 7:20am PST

Image by Midjourney

OpenAI’s Sora Could Be Here This Week

By Stephanie Palazzolo · Dec 9, 2024 7:20am PST

Big news! I’m hearing that an updated version of OpenAI’s video generation model, Sora, is coming this week. This is likely the culmination of the work the company has been doing to train a new version of the model that can quickly generate clips that are higher in quality and longer than the ones it demonstrated earlier this year, as we ... Big news! I’m hearing that an updated version of OpenAI’s video generation model, Sora, is coming...

Art by Mike Sullivan

Microsoft’s New Sales Pitch for AI: Spend Less Money on Humans

By Aaron Holmes · Dec 9, 2024 7:00am PST · 3 comments

Microsoft has a new pitch to persuade businesses to spend money on artificial intelligence–powered services: If you use them, you won’t need as many employees. The potential of AI to replace human workers is an old idea, but one most companies have avoided bringing up explicitly, for fear of suffering reputational harm and political... Microsoft has a new pitch to persuade businesses to spend money on artificial...

Amazon Global Selling booth at the China Import and Export Fair. Photo via Getty.

Why Big Amazon China Sellers Are Branching Out

By Jing Yang and Theo Wayt · Dec 9, 2024 6:00am PST

A key group of Amazon sellers is becoming a lot less loyal to the shopping giant. China-based merchants such as kitchenware seller Carote have added sales through longtime Amazon rivals like Walmart, with Carote’s share of revenue coming through Walmart up to 18% in 2023 from less than 2% a year before. Apparel company Zibuyu Group,... A key group of Amazon sellers is becoming a lot less loyal to the shopping giant. China-based...

Group14's coming silicon anode production plant in Moses Lake, Wash. Photo: Courtesy Group14

The Electric: AI Mania Provides Welcome Demand for Struggling Next-Gen EV Battery Developers

By Steve LeVine · Dec 9, 2024 4:30am PST

The slowdown in sales of electric vehicles has led to smaller and postponed orders for next-generation batteries. But some next-gen battery makers are eyeing a lifeline from an unexpected source: artificial intelligence. The slowdown in sales of electric vehicles has led to smaller and postponed orders for...

Trump Aides Contact Google, Meta, Snap Over Online Drug Sales

By Sylvia Varnham O'Regan · Dec 8, 2024 11:10am PST · 1 comment

Trump Aides Contact Google, Meta, Snap Over Online Drug Sales

By Sylvia Varnham O'Regan · Dec 8, 2024 11:10am PST · 1 comment

President-elect Donald Trump’s transition team has invited five major tech companies, including Google, Microsoft and Meta Platforms, to a meeting in mid-December about dealing with online drug sales, according to a person with direct knowledge of the correspondence. A representative for Jim Carroll—the drug czar during Trump’s... President-elect Donald Trump’s transition team has invited five major tech companies,...

Art by Clark Miller

An Underappreciated Moment in AI

By Abram Brown · Dec 7, 2024 7:00am PST

Welcome, Weekenders! In this newsletter:• The Big Read: A dawn of another crypto revolution • Power and Influence: Trump’s antitrust cop is a ‘happy warrior’ • The Top 5: Our favorite new corporate merch and gifts. • Plus: Robots who rhapsodize; what Taylor Swift and Legos have in common; and Il Papa and the plotters.What if the... Welcome, Weekenders! In this newsletter:• The Big Read: A dawn of another crypto revolution ...

Gail Slater (left) and Donald Trump. Art by Clark Miller. Slater screengrab via YouTube; Trump image via Getty

Politics and Policy

Trump Chooses a ‘Happy Warrior’ as His Antitrust Cop

By Nick Wingfield and Nancy Scola · Dec 7, 2024 5:00am PST

A decade or so ago, Gigi Sohn—then the head of Public Knowledge, an internet rights nonprofit—was working closely with Gail Slater, at the time the general counsel to a tech trade group called the Internet association, on the issue of net neutrality legislation. Sohn assumed Slater, who had previously been a legal adviser to a... A decade or so ago, Gigi Sohn—then the head of Public Knowledge, an internet rights...

Art by Clark Miller

The Best New Corporate Merch and Gifts

By Todd Plummer · Dec 7, 2024 5:00am PST

It’s often said that ’tis better to give than to receive, but more often than not, corporate swag leaves both giver and recipient cold. How many times have we left a conference with the same old leaky commuter mug? Or received some drab pen along with a forgettable pad of sticky notes? Swag need not be a source of dismay,... It’s often said that ’tis better to give than to receive, but more often than not,...

The E. Barrett Prettyman U.S. Court House in Washington, DC. Photo by Getty.

TikTok’s Lifespan Shortens

By Martin Peers · Dec 6, 2024 3:00pm PST

The E. Barrett Prettyman U.S. Court House in Washington, DC. Photo by Getty.

TikTok’s Lifespan Shortens

By Martin Peers · Dec 6, 2024 3:00pm PST

TikTok’s chances of avoiding a ban are fast diminishing. The DC Appeals Court’s decision today, affirming the law passed earlier this year forcing TikTok to cut its ties with its Chinese parent ByteDance or be banned, was a compelling ruling. It’s hard to imagine that TikTok management would come away from it with any grounds for optimism.To be... TikTok’s chances of avoiding a ban are fast diminishing. The DC Appeals Court’s decision today,...

In a World with 99.99% Accurate AI… (feat. Aaron Levie)

By Jessica E. Lessin · Dec 6, 2024 10:39am PST

Tech executives love to bemoan growing regulation. But, on the pod this week, Aaron Levie, the CEO of enterprise company Box, had a much more nuanced and interesting view. I hope you enjoy, along with a fiery Levie versus Sam Lessin debate over the promise of AI. I'll let you guess where they each netted out! Enjoy! Apple Spotify ... Tech executives love to bemoan growing regulation. But, on the pod this week, Aaron Levie, the...

Art by Clark Miller

Another Crypto Revolution Is Here—and It’s Unlike Any From the Past

By Yueqi Yang · Dec 6, 2024 9:07am PST · 2 comments

In 2022, Zach Abrams, co-founder and CEO of stablecoin startup Bridge, was staring into the abyss. The price of TerraUSD—one of the largest of the stablecoins, cryptocurrencies pegged to the U.S. dollar—collapsed, casting a pall on everyone working with stablecoins. Then, a few months later, Sam Bankman-Fried’s FTX imploded.... In 2022, Zach Abrams, co-founder and CEO of stablecoin startup Bridge, was staring into the...

The E. Barrett Prettyman U.S. Court House in Washington, DC. Photo by Getty.

TikTok CEO Vows to Take Ban Fight to Supreme Court

By Kaya Yurieff, Juro Osawa and Jing Yang · Dec 6, 2024 8:48am PST · 3 comments

TikTok’s hopes of continuing to operate in the U.S. now rest on intervention of the Supreme Court. The Chinese owned app on Friday lost the first round in its legal efforts to block a law requiring it to sever its ties with its parent, ByteDance, or be banned next month. TikTok CEO Shou Zi Chew on Friday told the video app’s staff... TikTok’s hopes of continuing to operate in the U.S. now rest on intervention of the Supreme...

Photo by Getty

Pro Weekly: Nvidia Draws More Rivals With More Funding

By Scott Thurm · Dec 6, 2024 8:19am PST

Photo by Getty

Pro Weekly: Nvidia Draws More Rivals With More Funding

By Scott Thurm · Dec 6, 2024 8:19am PST

As Nvidia’s market cap tops $3 trillion, entrepreneurs and investors are looking for new ways to grab pieces of the lucrative market for chips that power artificial intelligence.Some startups are looking to build more-specialized chips. We recently added two companies to our AI Chip Database that are designing chips primarily for computer... As Nvidia’s market cap tops $3 trillion, entrepreneurs and investors are looking for new ways to...