Startups Working with OpenAI Discuss $2 Billion Valuation
Anysphere and Mercor have received multiple termsheets as both businesses work with or for OpenAI.
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Snowflake Taps Senior Google Engineer to Lead AI Push
Snowflake has had a difficult time making the transition to generative AI, but now it has a seasoned industry veteran to help lead its efforts.
Vuori Targets $5.5 Billion Valuation in Secondary Sale
SoftBank last valued the athleisure brand at $4 billion in 2021.
Rivian Sales Drop, Forecasts First Gross Profit
The electric vehicle maker has been held back by the shortage of a key component.
Pinterest Reports Slower Revenue Growth
Pinterest's user growth has slowed after a strong rebound in the first half of this year.
Airbnb’s Growth Slows Further in Q3
Airbnb's growth has slowed steadily but the company is churning out a billion dollars or more a quarter.
WBD Reports Lower Revenues and Profits Despite Streaming Improvement
WBD's stock, which has been in the doldrums, rose 15%.
Media Executives Say Trump May Help Speed Mergers
Zaslav argued that mergers were necessary to strengthen entertainment companies and provide a better consumer experience.
Canada Orders TikTok to Dissolve Canadian Subsidiary
TikTok, owned by Chinese tech giant ByteDance, continues to face scrutiny from Western governments and regulators.
Musk Asked Trump to Name SpaceX Execs to Top Government Jobs
The request indicates the possible influence the billionaire could have on the Trump Administration.
JPMorgan Rebrands JPM Coin, Adds Blockchain Foreign Exchange Services
The bank plans to offer instant dollar-euro settlement via its internal blockchain.
Arm’s Revenue Growth Slows to Just 5%
Arm's royalty revenue is growing quickly, thanks in part to a recovery in the smartphone market.
Lyft Posts Revenue Growth of 32%
Lyft is now generating hundreds of millions of dollars in free cash flow, a sign that it is on a stronger path under CEO David Risher.
Bitcoin, Coinbase, Robinhood Surge After Trump Victory
More crypto-friendly lawmakers elected as Republicans won control of Senate.
Lyft Partners With Self-Driving Car Firm
Lyft is following Uber, which has partnered with Waymo to offer self-driving cars on Uber's app in Austin and Atlanta.
SuperMicro Shows Disappointing Earnings but “No Evidence of Fraud”
The company’s auditor previously resigned over concerns about SuperMicro’s accounting practices.
Sarah Guo’s Conviction Nears $200M Fund II
The new fund, which is in the final stages of fundraising, speaks to the strong demand for venture funds focused on AI.
Google Accidentally Reveals ‘Jarvis’ AI That Takes Over Computers
The prototype is supposed to allow a person to task Google’s AI with anything from purchasing a product to booking a flight.
Meta Permits Its AI Models to be Used for U.S. Military Purposes
The company will also make its models available for government agencies and contractors in the UK, Canada, Australia and New Zealand.
OpenAI Hires Meta’s Former Hardware Lead for AR Glasses
At Meta, Caitlin Kalinowski worked on devices including Orion, a prototype of AR glasses. At OpenAI, she said she will "initially focus on OpenAI’s robotics work and partnerships."
Weekday mornings
The Information AM by The Information Staff
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