The Information

In late 2013, we started The Information with a clear vision: to produce in-depth articles about the tech industry that offer insights you won't see anywhere else. Since our launch, we've covered significant market shifts, reported on early details of multi-billion dollar acquisitions, and provided a closer look at what’s happening within major companies like Apple, Facebook, and Google. Our work has attracted attention from leading publications such as the Wall Street Journal, the New York Times, and Bloomberg, with thousands of citations. Our approach to competition is straightforward. We hire top-notch reporters, empower them to explore meaningful stories, and encourage them to focus on the big picture rather than minor details.

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XAI Cofounder Joins AI Code Startup Morph As Chief Scientist

2 days ago | theinformation.com | Jon Victor

Source: The InformationXAI co-founder Christian Szegedy has joined Morph, a startup whose software aims to improve the quality of computer code generated by artificial intelligence, as its chief scientist, a person with knowledge of the hire said. Szegedy appears to be the first of xAI’s 12 co-founders to leave the company since it launched in March 2023 as a rival to OpenAI. His departure hasn’t been reported previously.
Venture Capital’s Big AppLovin Miss

3 days ago | theinformation.com | Martin Peers

One of venture capital’s big misses has to be AppLovin, an ad-tech firm specializing in selling ad space in gaming apps. Its shares have soared more than 900% since the beginning of last year, giving AppLovin a market capitalization today of $135 billion. That makes it just a bit smaller than Spotify, Shopify and Arm Holdings—and bigger than companies such as Comcast, Intel and DoorDash.
Why CoreWeave’s Stock Surge Might Surprise the Doubters

3 days ago | theinformation.com | Cory Weinberg

The most dangerous game in artificial intelligence investing right now is CoreWeave. Retail traders have helped bid up its stock price by 277% since its lackluster initial public offering, powering its market valuation from $23 billion to a remarkable $72 billion in two months. “It’s the most incredible thing I’ve ever seen,” one hedge fund manager told me. “It’s coming to an end. I just don’t know when.”Start with the circumstances around the IPO.
Deel Targets Rippling’s Intelligence Unit In Spy Battle

3 days ago | theinformation.com | Michael Roddan

Source: The InformationDeel has accused Rippling of directing an employee to set up fake entities to pose as a Deel customer and scour the rival payroll startup’s systems for contracts, policies and pricing information, the latest twist in a long running battle between the two HR software firms. The accusations form part of an amended complaint Deel filed in a Delaware court on Tuesday against Rippling. Deel has alleged Rippling defamed and defrauded Deel.
How Anthropic Helps the PGA Tour Give Golf Fans Data on Every Shot

3 days ago | theinformation.com | Jon Victor

At any given moment during a typical professional golf tournament, 14 balls are in motion, and players hit upwards of 30,000 shots over the four-day event. It’s been next to impossible for the PGA Tour, which runs these tournaments, and sports broadcasters to provide commentary or information on every shot—even though the Tour thinks there’s demand for that information. So, to provide color on those thousands of shots, the PGA Tour uses artificial intelligence in its Tourcast app.
Meta Signs Power Deal with Constellation Energy

3 days ago | theinformation.com | Martin Peers

Source: The InformationMeta Platforms is buying the power output from Constellation Energy’s Clinton, Illinois nuclear power plant under a 20-year deal announced on Tuesday, the latest sign of how tech firms are dealing with fast-rising need for electricity to power their AI data centers. It also shows how AI computing is lifting demand for nuclear power plants.
Chime’s Founders Hedge Their Bets

4 days ago | theinformation.com | Cory Weinberg

Chime executives and bankers will spend the next week trying to convince investors that its stock will rise after its initial public offering. The company’s cofounders seem to be preparing for the opposite. New stock awards granted to cofounders Christopher Britt and Ryan King as part of the offering set a low bar potentially at the expense of shareholders who buy into the IPO.
Google Agrees to Spend $500 Million in Shareholder Settlement over Antitrust Claims

4 days ago | theinformation.com | Erin Woo

Source: The InformationGoogle has agreed to spend $500 million over 10 years and create new compliance committees to settle shareholder litigation accusing it of antitrust violations, according to court documents filed Friday. Shareholders led by pension funds in Michigan and Pennsylvania sued Google’s parent company Alphabet and its board of directors for breaching its duty to shareholders by exposing them to antitrust risks.
The Takeover Targets Emerging Out of IPO Dead Ends

4 days ago | theinformation.com | Akash Pasricha

This year has seen trickles of tech initial public offering activity, but there’s still a sizable list of IPO hopefuls whose public market ambitions have stalled. Bankers say that dynamic is encouraging more private companies to try to find a buyer instead. To that end, we updated our Tech IPO Tracker to highlight the likeliest takeover targets among the private companies we’ve been keeping tabs on.
Space Firm Voyager Technologies Seeks $1.6 Billion Valuation in IPO

4 days ago | theinformation.com | Valida Pau

Source: The InformationVoyager Technologies said on Monday it is aiming to raise up to $319 million in an initial public offering that could value the defense and space company as high as $1.6 billion. Denver-based Voyager is developing Starlab, a private space station in a joint venture with Airbus, Mitsubishi, MDA Space and Palantir. The project received a $217.5 million development grant from NASA and is meant to replace the International Space Station by the end of 2030.