Scott Thurm

San Francisco

Senior Editor at The Information

Senior Editor @TheInformation. Priors: @WIRED, @WSJ, etc.

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Articles

FBI Nominee Patel Owns Shares in the Company That Controls Shein

2 months ago | theinformation.com | Scott Thurm

Source: WiredKash Patel, President Donald Trump’s nominee to head the FBI, owns stocks valued between $1 million to $5 million in a company that controls Chinese retailer Shein, according to Patel’s financial disclosures and lobbying and corporate records. Patel obtained the shares by serving as a consultant to the company last year. In his financial disclosure, Patel said he worked as a consultant for a Cayman Islands entity called Elite Depot Ltd.
SEC Sues Musk for Not Disclosing Twitter Purchase

Jan 14, 2025 | theinformation.com | Scott Thurm

Source: BloombergThe Securities and Exchange Commission sued Elon Musk in federal court in Washington, D.C., for not properly disclosing a major purchase of Twitter shares ahead of his takeover of the social media company, Bloomberg reported. By not disclosing his position in the required time, the SEC said, Musk was able to buy Twitter stock more cheaply than otherwise, allowing him “to underpay by at least $150 million” for the additional shares before he belatedly disclosed his stake.
Don’t Raise Tariffs, The Information’s Readers Say

Dec 12, 2024 | theinformation.com | Scott Thurm

Readers of The Information overwhelmingly oppose President-elect Donald Trump’s plans to increase tariffs and believe they will hurt the technology industry, according to our most recent survey. Survey respondents also turned pessimistic about the outlook for tech, despite a rising stock market since Trump won reelection last month.
GM Stops Development of Cruise Robotaxis

Dec 10, 2024 | theinformation.com | Scott Thurm

Source: BloombergGeneral Motors said it would halt development of Cruise robotaxis amid increased competition and following some well-publicized missteps. GM said it would merge the Cruise technical team into a broader corporate effort to advance autonomous and assisted driving. The company said it would build on Super Cruise, its driver-assistance feature now on 20 models.
Rivian Sales Drop, Forecasts First Gross Profit

Nov 7, 2024 | theinformation.com | Scott Thurm

Source: The InformationElectric vehicle maker Rivian reported lower deliveries and a 35% decline in third-quarter revenue in part because of a shortage of a key part. The company’s quarterly loss declined from a year earlier because of lower expenses, and Rivian said it expects to post its first gross profit, meaning revenue will exceed the cost of making its vehicles, in the current quarter. Shares, which have lost more than half their value this year, rose slightly in after-hours trading.
Introducing The Information’s 50 Most Promising Startups for 2024

Oct 24, 2024 | theinformation.com | Scott Thurm

Artificial intelligence has accomplished many things, but few are as dramatic as the way it has supercharged investing in startups. Just look at the recent headlines: OpenAI raised $6 billion at a valuation of $157 billion. Anthropic is looking to raise funding at a valuation of $40 billion. That posed challenges for our reporters seeking promising but little-known startups for this year’s edition of The Information 50—the fifth installment of the franchise.
Harris Holds Big Lead Over Trump in Reader Survey

Oct 19, 2024 | theinformation.com | Scott Thurm

Less than three weeks before election day, Vice President Kamala Harris maintains a commanding lead over former President Donald Trump among The Information readers, according to our most recent survey. Roughly three-fourths of 1,248 respondents to the survey on Wednesday and Thursday said they plan to vote for Harris in the coming presidential election. That’s nearly identical to the share of readers who said they planned to vote for Harris in a survey in late July.
Apple AI Features Won’t Be Ready for New Phones

Jul 29, 2024 | theinformation.com | Scott Thurm

Source: BloombergApple’s artificial intelligence features will not be ready when the iPhone maker launches new phones and software in September, Bloomberg reported. Apple plans to release Apple Intelligence to consumers in October, according to the report, which said the additional time is intended to give the company more time to fix bugs. On Monday, Apple released beta versions of Apple Intelligence for iPhones, iPads and Macs to developers.
Harris Expands Lead Over Trump in New Reader Survey

Jul 27, 2024 | theinformation.com | Scott Thurm

Vice President Kamala Harris has more support among The Information readers than President Joe Biden did before he dropped out of the presidential race, according to our latest survey. Asked who they would vote for if the election were held today, survey respondents favored Harris over former President Donald Trump 76% to 19%. In a similar survey a week earlier, readers favored Biden over Trump 59% to 27%. Nearly 1,900 people responded to the latest survey on Wednesday and Thursday.
Musk Considers $5 Billion Tesla Investment in xAI

Jul 25, 2024 | theinformation.com | Scott Thurm

Source: The InformationTesla CEO Elon Musk said he will ask the company’s board of directors to consider investing $5 billion in xAI, his artificial intelligence company. Musk posted a note on X, the social network formerly known as Twitter that he controls, after more than two-thirds of respondents supported the investment idea in a poll that Musk launched on X last week. In posting the poll, Musk acknowledged that Tesla’s board and shareholders would have to approve any investment.