Breaking: Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware ProjectRead more

Briefing
markets startups

Elf Beauty Acquires Naturium For $355 Million

By
Ann Gehan
· · Source: The Information

Elf Beauty said Tuesday it would acquire skin care brand Naturium in a $355 million deal, as beauty brands continue their hot streak despite a broader slump in the consumer sector. Elf and Naturium are known for affordable, trendy products that frequently go viral on social media apps like TikTok. Naturium was launched in 2019 by The Center, a Los Angeles-based beauty brand accelerator, and...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
AI Agenda microsoft apple
Ex-Apple Designer Jony Ive and OpenAI’s Sam Altman Discussing AI Hardware Device; Why Open-Source and AGI Might Kill OpenAI
By Stephanie Palazzolo · Sept. 27, 2023 7:20 AM PDT
Jony Ive. Photo via Getty.
If you were thinking of trading in your phone for the latest iPhone 15, you may want to hold off.Jony Ive, the renowned designer of the iPhone, and OpenAI CEO Sam Altman have been discussing building a new AI hardware device, Jessica and I reported on Tuesday. In a who’s who of tech, SoftBank CEO and investor Masayoshi Son has also talked to both Ive and Altman about the idea, but it’s unclear...
Latest Briefs
 
Shopify Invests In Wholesale Site Faire
By Ann Gehan · Sept. 27, 2023
Designer Jony Ive, OpenAI’s Sam Altman Discuss AI Hardware Project
By Stephanie Palazzolo · Sept. 26, 2023
Investment Bank Centerview Punishes Bankers for Misconduct
By Michael Roddan · Sept. 26, 2023
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
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.
Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
Exclusive
Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware Project
By Jessica E. Lessin and Stephanie Palazzolo
Jony Ive, the renowned designer of the iPhone, and OpenAI CEO Sam Altman have been discussing building a new AI hardware device, according to two people familiar with the conversations.
From left to right: Blair Effron, Robert Pruzan and David Handler. Photos by Getty; Tidal Partners.
Exclusive Finance
Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley Dreams
By Michael Roddan
The San Francisco Bay Area–based bankers at Centerview Partners, the investment bank that advised Silicon Valley Bank’s owner and Credit Suisse through recent turmoil, got two doses of bad news last week.
From left, a Google TPU, Broadcom CEO Hock Tan and Google Cloud chief Thomas Kurian. Photos via Getty, Google and YouTube.
Exclusive google semiconductors
To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier
By Wayne Ma, Anissa Gardizy and Jon Victor
Google executives have extensively discussed dropping Broadcom as a supplier of artificial intelligence chips as early as 2027, according to a person with direct knowledge of the effort.
Art by Clark Miller
Exclusive startups entertainment
MasterClass Takes a Crash Course in Frugality
By Paris Martineau
MasterClass had a problem with the shoot featuring its latest star instructor, Walt Disney Co. CEO Bob Iger.
Photos via Eiso Kant (left) and YouTube/VMWare Tanzu (right)
AI Agenda startups ai
How GitHub Copilot’s Co-Creator Raised $126 Million to Compete with His Former Employer
By Stephanie Palazzolo
Recent interest in artificial intelligence has focused on large-language models that aim to do everything from writing Shakespearean poetry to solving math riddles.
Art by Clark Miller
The Big Read policy
Europe Has Figured Out How to Tame Big Tech. Can the U.S. Learn Its Tricks?
By Chris Stokel-Walker
Late last month in Belgium, Sen. Elizabeth Warren (D-Mass.) had a pressing question for Paul Tang, a Dutch politician and member of the European Parliament.