Martin Peers
Contributor at The Briefing
NY Bureau Chief at The Information
Columnist and editor at The Information, WSJ alumnus, longtime media reporter
Articles
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1 week ago |
theinformation.com | Martin Peers
Before we get to today’s big tech developments, be sure to check out the scoop we just published about Meta Platforms asking companies like Microsoft and Amazon to help fund its Llama AI development. It’s a sign that the enormous costs of AI are straining even the coffers of one of the richest companies in tech… Right now, it’s all tech antitrust, all the time.
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1 week ago |
theinformation.com | Martin Peers
Does Lyft need a new engine to jump-start its performance? We’re thinking of activist investor Engine Capital, which has taken a stake in the ride-hailing firm and today said it would mount a proxy contest to win seats on Lyft’s board. Lyft’s stock price has been stalled (sorry) for years, trading at roughly 80% below its 2019 IPO price. It’s in the doldrums because of its No. 2 status in the U.S. ride-hailing market and its lack of diversification.
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1 week ago |
theinformation.com | Martin Peers
Mark Zuckerberg is very confident in his own abilities. His testimony in the government’s antitrust trial today—as reported by my colleague Kalley Huang—made clear his belief that both Twitter and Snap would have been better off if they had accepted the buyout bids he made early in their lives. By the same token, he believes Instagram today is much bigger than it would have been if Meta Platforms hadn’t bought it a dozen years ago. Zuckerberg may well be right.
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1 week ago |
theinformation.com | Martin Peers
Antitrust trials and tech businesses don’t mix well. As was the case with the government’s ad tech case against Google last year, as well as its case against Meta Platforms, which went to trial in a Washington courtroom today, the lawsuits typically rest on years-old snapshots of an industry that are about as current as a picture you took of your three-year-old who just celebrated their 21st birthday.
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1 week ago |
theinformation.com | Martin Peers
Source: The InformationIntel is selling a 51% stake in its Altera chip unit to Silver Lake in a deal that values Altera at $8.75 billion, the companies announced. The valuation is about half the price that Intel paid to buy Altera in 2015. Altera makes reprogrammable chips, used in some AI applications. The deal will allow Altera to become operationally independent of Intel, the companies said in their statement, although Intel will retain a 49% stake.
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RT @Liz_Cheney: Rarely has so much ignorance and ahistorical BS been crammed into a single tweet. I know you and @realDonaldTrump are busy…
Here's a 4 am scoop: @theinformation identifies the customer cut off by TSMC as the Commerce Department began asking how Huawei got TSMC-made chips https://t.co/W2kpYEPfzE
The relationship between Nvidia and TSMC is among the most fascinating, and hidden, in tech—the chip expert @QianerLiu takes us inside that dynamic in this great story https://t.co/DiggnK2uA3
