Rocket Drew

San Francisco

Reporter at The Information

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Articles

Musk Asks Court to Throw Out or Delay OpenAI’s Countersuit

6 days ago | theinformation.com | Rocket Drew

Source: The InformationLawyers for Elon Musk asked the court overseeing his breach of charitable trust lawsuit against OpenAI to throw out the ChatGPT maker’s countersuit, which alleged that Musk had engaged in unfair competition and “tortious interference” by making an unsolicited bid to buy OpenAI and asking state attorneys general to scrutinize OpenAI’s planned conversion to a for-profit company.
Musk Asks Court to Throw Out or Delay OpenAI’s Countersuit

6 days ago | flipboard.com | Rocket Drew

8 hours agoNew science on wearables is poised to help us to better understand very important aspects of our health. Too many of our vital signs and health markers are left unanalyzed, until we visit a doctor’s office. Tons of data that would be actionable falls through the cracks. WHOOP and similar tools are …
Skild AI Round Gets Pricier as Robot Fever Rises

6 days ago | theinformation.com | Rocket Drew

Robotics startups are taking over the fundraising market. On Wednesday, my colleague Michael and I published a scoop about Foundation, a robotics startup launched by the former CEO of failed fintech firm Synapse, seeking capital at a $1 billion valuation despite just a year under its belt. That’s one of several robotics rounds in play.
OpenAI’s Big Hire; Farming Robots Seed New Startups, Despite Setbacks

6 days ago | theinformation.com | Rocket Drew

Before we get into today’s column, OpenAI late Wednesday evening announced the hire of Fidji Simo, currently the Instacart CEO and a member of OpenAI’s board, in the newly created position of CEO of OpenAI Applications, to run “the product, business, and other company functions,” reporting to CEO Sam Altman. (My colleagues Jessica Lessin and Amir Efrati had early word of the appointment). The hire emphasizes the scope of Altman’s ambitions for OpenAI.
Judge Throws Out Some of Musk’s Claims Against OpenAI

1 week ago | theinformation.com | Rocket Drew

Source: The InformationU.S. District Court Judge Yvonne Gonzalez Rogers, who is overseeing Elon Musk’s breach of charitable trust lawsuit against OpenAI, dismissed 11 of the 16 claims under consideration for a trial next March. The rejected claims included Musk’s argument that he had an explicit contract with OpenAI when he made early donations to the nonprofit overseeing the ChatGPT maker and that OpenAI and Microsoft had aided and abetted fraud.
OpenAI Lawyer Suggests Coalition Opposing Conversion Has Ties to Musk

1 week ago | theinformation.com | Rocket Drew

Source: The InformationA lawyer for OpenAI has sent a letter to a group opposing the ChatGPT maker’s conversion to a for-profit structure, asking for a disclosure of its funding sources, according to a copy of the letter viewed by The Information.
Why Some Robot Startups Could Gain From Tariffs

1 week ago | theinformation.com | Rocket Drew

Among tech companies, robotics companies are particularly vulnerable to tariff hikes, given that many robot parts come from China. The import taxes mean higher costs that robotics firms will have to either absorb or pass on to customers—a setback to their business either way. But a number of startups that employ overseas workers to control robots in U.S. facilities are hopeful the changes could actually boost demand from U.S. manufacturers.
Palo Alto Networks to Buy Cybersecurity Startup Protect AI

2 weeks ago | theinformation.com | Rocket Drew

Source: The InformationPalo Alto Networks said Monday that it has agreed to buy Protect AI, a three-year-old startup that develops cybersecurity software for artificial intelligence applications. The deal speaks to the growing demand for software that guards against hacks of AI applications. Terms of the deal weren’t disclosed, though tech publication Geekwire said Palo Alto Networks was paying more than $500 million.
Apple Re-Assigns Robotics Division

2 weeks ago | theinformation.com | Rocket Drew

Source: BloombergApple plans to move its robotics effort from AI chief John Giannandrea’s organization to the company’s hardware division later this month, Bloomberg reported. Giannandrea lost responsibility over Siri last month, as part of Apple’s push to catch up to other companies in AI. Senior Vice President John Ternus heads up the hardware division, including an engineering team that has focused on robotics and smart devices for homes.
The Startups Developing Robot Hands; OpenAI’s Revenue Hopes

2 weeks ago | theinformation.com | Rocket Drew

Before we get into Thursday’s column, be sure to read my colleague Sri’s story on OpenAI’s revenue forecasts. The projections go a long way in explaining why investors led by SoftBank think OpenAI is worth $260 billion.