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Apple Adds Second iPhone 14 Supplier in India as China Struggles with Covid Controls

Apple has added another firm in India to produce the iPhone 14 as China continues to struggle to contain Covid 19. Apple added Taiwanese manufacturer Pegatron as the second firm to produce the phone in India, according to Bloomberg. The move is the latest sign of the growing momentum for U.S. companies to diversify their supply chain away from China, where strict Covid controls are...

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Alexis Ohanian Venture Fund Plots $776 Million in New Funds
Alexis Ohanian. Photo by AP.
Seven Seven Six, the venture capital fund launched by Reddit co-founder Alexis Ohanian in 2020, plans to raise $776 million for two new funds, according to investment documents viewed by The Information. The planned fundraising is more than 50% bigger than what it raised last year and will test investor appetite for bigger funds during a tough environment. The Palm Beach, Fla.-based firm had an...
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The supplement stacks of 11 founders and investors. Photos courtesy of subjects.
The Big Read culture
The Supplement Stacks: All the Pills, Powders and Potions Filling Tech’s Kitchen Counters
When Courtney Reum wakes up in his Los Angeles home, it’s time to freeze, shake and dangle upside down.
Verily headquarters in San Francisco. Photo by AP.
Exclusive google
Revenues Rise at Alphabet’s Biggest ‘Other Bet’ But So Do Losses
Verily, by far the biggest Alphabet unit by revenue after Google, continues to post heavy losses, according to previously undisclosed financial information.
Art by Clark Miller.
The 1:1 google
‘We Just Have to Keep Winning’: A Sonos Executive With a Colorful History Goes to War Against Google
A few months into his job as chief legal officer of Sonos, Eddie Lazarus was ready to wage war. When Lazarus joined the audio hardware company in late 2018, it was facing growing competition from Amazon and Google.
John and Patrick Collison. Photos by Bloomberg.
markets startups
Stripe Walks Tightrope to Stay Private. Could Other Firms Follow?
Thirteen years after starting Stripe, chief executive Patrick Collison is raising his company’s largest ever slug of cash from venture capitalists.
Illustration by Clark Miller.
Opinion startups
Stop Paying People So Much
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be.
Photo via Getty
Dealmaker venture capital
A New Bubble Is Forming for AI Startups, But Don’t Expect a Crypto-like Pop
Venture capitalists have dumped crypto and moved on to a new fascination: artificial intelligence. As a sign of this frenzy, they're paying steep prices for startups that are little more than ideas.