The world’s largest iPhone factory in China, whose production was disrupted by a Covid-19 outbreak and worker protests in recent months, is now back at nearly full capacity, Bloomberg and Chinese state-owned media reported. The factory in the eastern city of Zhengzhou, operated by Apple’s contract manufacturer Foxconn, was shipping at 90% of the peak capacity as of Dec. 30, according to the...
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Introducing The Information’s Generative AI Database
OpenAI’s ChatGPT launched six months ago, igniting a boom in generative artificial intelligence. Since then, all manner of startups have emerged, building technology to compete with ChatGPT and developing services that use generative AI. Despite an otherwise cool funding environment, investors are jockeying to join the action. The most recent sign: The Information reported Wednesday that...
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In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.