Startup Behind GPS Alternative Mints $1 Billion Valuation
The nine-year-old startup uses Wi-Fi and cellular networks for location services.
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Recent Editions
AMD Backstops $300 Million Crusoe Loan
The deal mirrored similar agreements AMD’s bigger rival Nvidia has struck with cloud upstarts like CoreWeave.
Blue Owl Restricts Redemptions From Lending Vehicle
The move exacerbated long-brewing concerns about private credit.
Etsy Looks to Revive Sales Growth After Depop Sale
The online marketplace for unique and handmade goods said it’s trying to win younger users back to its site and app.
Netflix Sends Legal Letter to ByteDance Over AI Videos
ByteDance's Seedance 2.0 model has become highly controversial after generating numerous AI videos featuring copyrighted content.
Dylan Patel’s SemiAnalysis Mulls Raising Venture Fund
The talks are in the early stages, and the firm does not yet have a target, but it could be in the hundreds of millions of dollars.
Etsy Sells Depop to eBay At A Loss
Etsy originally acquired Depop for around $1.6 billion in 2021.
DoorDash Posts Strong Growth on Deliveroo Acquisition
The restaurant meal delivery app forecast a slowdown in profit growth in the first quarter partly due to investments in Deliveroo.
Figma Posts Accelerating Growth in Fourth Quarter
Figma shares rose as much as 16% in after hours trading.
Zuckerberg Testifies in LA Courtroom
Several hours of testimony had not yielded any revelatory moments. Zuckerberg seemed more annoyed than threatened.
Snap’s Subscriptions Business Passes $1 Billion in ARR
The announcement is a rare bit of good news for Snap, which has reported weak ad growth in recent quarters.
Perplexity Ends Ads Experiment
The pullback comes as ChatGPT’s ads launch has become a talking point for competitors
Saudi Arabia’s Humain Says it Invested $3 Billion in xAI Before SpaceX Merger
It’s unclear why Humain waited until now to reveal its participation in the round, which xAI has previously said raised a total of $20 billion.
OpenAI Pays 20% of Total Revenue to Microsoft Until 2032
The payouts will be more heavily weighted toward the years leading up to 2032
Anthropic Projects Rising Payouts to Cloud Providers: Financial Disclosures
Anthropic shares about 50% of its gross profits with Amazon for any sales Amazon makes
Atlassian Freezes Hiring Amid Business Software Market Turmoil
Atlassian, which has been hard-hit by the gloom over AI's potential impact on the enterprise software market, is now moving to address the situation.
Meta and Nvidia Sign Strategic Partnership
The Information reported in September that Meta was in talks with Google about spending billions of dollars to use TPUs.
ServiceNow CEO Stops Selling Stock in Bid to Calm AI-Skittish Investors
ServiceNow is one of many enterprise software firms whose shares have been hammered over AI fears this year, and now its executives are trying to calm them.
Three Top Execs Leave Crypto Exchange Gemini
Co-founder Cameron Winklevoss will take over more revenue responsibilities.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy