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Briefing

Tesla’s Profit Soars in Q2 on Sharply Higher Revenue

By
Martin Peers
· · Source: The Information

Tesla has been one of tech’s underperformers on Wall Street this year but that’s no reflection of its business. The automaker reported revenue that doubled in the second quarter, compared with a year earlier, to $11.958 billion. By keeping a lid on expenses, Tesla managed to sharply lift its operating margin and net income, which hit $1.1 billion, up from $104 million a year earlier. That...

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From left, Alphabet CEO Sundar Pichai, DeepMind CEO Demis Hassabis and Google Brain chief Jeff Dean. Photos by Getty, Bloomberg
Exclusive google ai
Alphabet’s Google and DeepMind Pause Grudges, Join Forces to Chase OpenAI
By Jon Victor and Amir Efrati
OpenAI’s success in overtaking Google with an artificial intelligence–powered chatbot has achieved what seemed impossible in the past: It has forced the two AI research teams within Google’s parent, Alphabet, to overcome years of intense rivalry to work together.
Art by Clark Miller.
Opinion startups
Don’t Build the Wrong Kind of AI Business
By Ben Parr
At a catch-up coffee a few weeks ago, a founder friend asked me, “What AI thing should we build?” It was the third time that week a founder had asked me the same question.
Orlando Bravo, co-founder of Thoma Bravo LLC. Photo by Bloomberg.
DEALS enterprise
Private Equity Firms’ Secret Weapon for Big Software Buyouts
By Rachel Graf
When Thoma Bravo was drawing up the financing of its $8 billion acquisition of Coupa Software last year, the private equity giant didn’t turn to a bank, and it didn’t get a traditional loan.
Art by Clark Miller.
Opinion entertainment media/telecom
The Streaming Business Model Is Hitting Its Half-Life
By Andrew A. Rosen
Sign up for Rosen’s newsletter, Parqor, part of The Information’s newsletter network.
Org Charts microsoft ai
The People Who Make OpenAI Run Fast
By Jon Victor
Sam Altman has been the face of OpenAI as it quickly outmaneuvered rivals such as Google to launch cutting-edge artificial intelligence to the public.
Data Point startups amazon
Satellite Internet Plans from SpaceX and Others Deserve a Pinch of Salt
By Becky Peterson
If satellite internet providers like SpaceX’s Starlink have their way, the skies are going to get a lot more crowded with their orbiting antennas in the coming years—so crowded that it’s worth exercising a bit more skepticism about how many will actually get off the ground.