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Reed Hastings Backs Pro-Kamala Harris PAC with $7 Million Donation

By Julia Black · Jul 23, 2024 1:40pm PDT · 2 comments

Netflix co-founder Reed Hastings has given $7 million to a super PAC supporting Kamala Harris’s run for president, the Republican Accountability PAC. Hastings said it was his biggest donation ever in support of a single candidate. The gift comes less than a month after Hastings joined the chorus of major Democratic donors asking... Netflix co-founder Reed Hastings has given $7 million to a super PAC supporting Kamala...

Instagram CEO Adam Mosseri. Photo by Anadolu via Getty.

Meta Employees Debate Merits of Threads’ No-Politics Policy

By Kalley Huang and Sylvia Varnham O'Regan · Jul 23, 2024 1:29pm PDT · 2 comments

Shortly after Joe Biden dropped out of the presidential election Sunday, an employee at Meta Platforms posted in the company’s internal forum that Threads, its text app, was missing in action. “Biden dropped out 20 [minutes] ago and I can’t find anything on it in my feed,” the employee wrote in the post, which The... Shortly after Joe Biden dropped out of the presidential election Sunday, an employee at Meta...

OpenAI’s Aleksander Mądry. Photo by Ben Hider/O'Reilly Conferences via Flickr.

OpenAI Removes AI Safety Leader Mądry, a Onetime Ally of CEO Altman

By Stephanie Palazzolo · Jul 23, 2024 12:51pm PDT

OpenAI has reassigned the executive in charge of ensuring that its artificial intelligence won’t harm society to a different role within its research organization, the company told staffers last week. The executive, Aleksander Mądry, set up OpenAI’s Preparedness team last year to evaluate AI models for “catastrophic... OpenAI has reassigned the executive in charge of ensuring that its artificial intelligence...

An Apple store in Shanghai. Photo by NurPhoto via Getty Images.

Apple Moves Forward With Foldable iPhone

By Wayne Ma and Qianer Liu · Jul 23, 2024 8:10am PDT · 5 comments

An Apple store in Shanghai. Photo by NurPhoto via Getty Images.

Apple Moves Forward With Foldable iPhone

By Wayne Ma and Qianer Liu · Jul 23, 2024 8:10am PDT · 5 comments

Apple is working on a foldable iPhone that could be released as early as 2026 and in recent months reached out to suppliers in Asia to make components for the device, according to two people with direct knowledge of the matter. The phone would fold widthwise like a clamshell, the people said. That would make it similar to the Samsung Galaxy Z... Apple is working on a foldable iPhone that could be released as early as 2026 and in recent...

Perplexity CEO Aravind Srinivas. Photo via Getty.

Condé Nast Sends Cease-and-Desist Letter to AI Search Engine Perplexity

By Sahil Patel and Stephanie Palazzolo · Jul 22, 2024 10:19am PDT · 2 comments

Magazine giant Condé Nast has sent a cease-and-desist letter to artificial intelligence search engine Perplexity, demanding that it stop using content from Condé Nast publications in its search results, according to a copy of the letter obtained by The Information. Condé Nast’s publications include The New Yorker,... Magazine giant Condé Nast has sent a cease-and-desist letter to artificial intelligence...

Art via Reddit/Shane Burke.

Reddit Teams Up With the NFL, NBA to Boost Revenue

By Sahil Patel · Jul 22, 2024 6:00am PDT

Reddit, known for its chat forums on everything from Proust to Wall Street stocks, is going big on sports. The newly public social media company has struck deals with sports leagues including the NFL, NBA and MLB to get videos and other content for its social media site, according to Reddit’s chief operating officer, Jen Wong. Reddit will... Reddit, known for its chat forums on everything from Proust to Wall Street stocks, is going big...

Madrid-Barajas Airport earlier today. Photo by Diego Radames/Anadolu via Getty.

CrowdStrike Crisis Gives Rivals Opening to Pounce

By Aaron Holmes · Jul 19, 2024 12:57pm PDT · 2 comments

CrowdStrike has long dominated the market for cloud-based software meant to protect customers’ networks from hackers, known as endpoint detection. But a botched software update on Friday that brought businesses from airlines to banks to a screeching halt may loosen the $74 billion market capitalization company’s grip on those... CrowdStrike has long dominated the market for cloud-based software meant to protect...

Wintermute co-founder and CEO, Evgeny Gaevoy. Photo by Joseph Nair/Bloomberg via Getty Images.

Crypto Trading Giant Wintermute In Fundraising Talks

By Yueqi Yang · Jul 18, 2024 4:14pm PDT

Wintermute co-founder and CEO, Evgeny Gaevoy. Photo by Joseph Nair/Bloomberg via Getty Images.

Crypto Trading Giant Wintermute In Fundraising Talks

By Yueqi Yang · Jul 18, 2024 4:14pm PDT

Wintermute Trading, the crypto trading firm that has become a dominant market marker since the collapse of FTX, has been in talks to raise fresh money in a funding round, according to investors with knowledge of the process. The firm has been discussing a share sale of $100 million, with some of that money going to existing shareholders.... Wintermute Trading, the crypto trading firm that has become a dominant market marker since the...

Mei Cai. Photo via General Motors

Key General Motors Battery Executive Resigns

By Steve LeVine · Jul 18, 2024 2:05pm PDT

Mei Cai, who led the team that developed the next-generation battery powering General Motors’ electric vehicles, has resigned, the company confirmed Thursday. The move comes five months after GM hired Kurt Kelty, a Tesla veteran, to run its battery development efforts as vice president of battery. The China-born Cai, a 24-year GM... Mei Cai, who led the team that developed the next-generation battery powering General...

Art by Clark Miller. Altman via Getty Images.

OpenAI Has Talked to Broadcom About Developing New AI Chip

By Qianer Liu and Amir Efrati · Jul 18, 2024 12:21pm PDT · 2 comments

Last year, as the world’s top artificial intelligence developers were racing to speed up their work using ever-bigger clusters of computers, OpenAI CEO Sam Altman was trying to play a longer game. He decided to start a new company that could develop and produce a new AI chip and help set up chip factories to make them and data centers to... Last year, as the world’s top artificial intelligence developers were racing to speed up...

Photo by Chesnot via Getty.

Reality Comes to Meta’s Reality Labs

By Wayne Ma and Kalley Huang · Jul 18, 2024 6:00am PDT · 1 comment

Meta Platforms CEO Mark Zuckerberg has canceled the blank check he once reserved for his augmented reality and virtual reality teams. As Meta ramps up its spending on artificial intelligence, company executives have started turning a more skeptical eye on its Reality Labs division, home of AR, VR and Zuckerberg’s former pet project, the... Meta Platforms CEO Mark Zuckerberg has canceled the blank check he once reserved for his...

Google, Microsoft Help Chinese Firms Skirt Ban on Nvidia Chips

By Juro Osawa and Aaron Holmes · Jul 17, 2024 6:00am PDT · 3 comments

Google, Microsoft Help Chinese Firms Skirt Ban on Nvidia Chips

By Juro Osawa and Aaron Holmes · Jul 17, 2024 6:00am PDT · 3 comments

U.S. export controls forbid Chinese firms from buying Nvidia’s advanced artificial intelligence chips. But companies in China can still gain access to some of those chips by renting Nvidia-powered servers at data centers outside China from Google, Microsoft and other global firms—underlining a gap in U.S. export rules. Both Google... U.S. export controls forbid Chinese firms from buying Nvidia’s advanced artificial...

Art by Clark Miller

A Space Startup’s Moon Mining Plans Get a Boost With NASA Grant

By Nick Wingfield · Jul 16, 2024 7:00am PDT

A startup that aims to harvest a valuable gas from the moon’s surface and bring it back to Earth by the end of the decade has scored a NASA grant to push its plan forward. The startup, Seattle-based Interlune, said it will use the $348,000 NASA grant to test a critical part of its technology that it will ultimately use to prepare lunar... A startup that aims to harvest a valuable gas from the moon’s surface and bring it back to...

Marc Andreessen and Ben Horowitz of Andreessen Horowitz. Photos via Getty Images.

Marc Andreessen, Ben Horowitz Say They Plan to Donate to Trump PAC

By Cory Weinberg and Kate Clark · Jul 16, 2024 6:28am PDT · 49 comments

Marc Andreessen and Ben Horowitz, who run one of Silicon Valley’s most prominent venture capital firms, have told the firm’s employees in recent days they plan to make large donations to political action committees supporting the election of Donald Trump, people familiar with the matter said. The planned donations by Andreessen and... Marc Andreessen and Ben Horowitz, who run one of Silicon Valley’s most prominent venture...

Wiz CEO Assaf Rappaport. Photo By Harry Murphy/Getty Images

The Biggest Winners From Wiz’s Potential $23 Billion Sale to Google

By Kate Clark, Natasha Mascarenhas and Aaron Holmes · Jul 15, 2024 2:18pm PDT · 3 comments

Google’s proposed $23 billion acquisition of cloud security startup Wiz would help it compete with Microsoft, the top seller of security software. If the deal manages to avoid antitrust challenges and other hang-ups in the ongoing negotiations—and those issues are still a big if—it would also create a windfall for the... Google’s proposed $23 billion acquisition of cloud security startup Wiz would help it...

Drew Baglino (left) and Elon Musk at a Tesla event in 2020. Art by Clark Miller. Screenshot via YouTube

Musk Sets Tesla Battery Deadline After Setbacks

By Steve LeVine, Wayne Ma and Becky Peterson · Jul 15, 2024 4:20am PDT · 2 comments

Drew Baglino (left) and Elon Musk at a Tesla event in 2020. Art by Clark Miller. Screenshot via YouTube

Musk Sets Tesla Battery Deadline After Setbacks

By Steve LeVine, Wayne Ma and Becky Peterson · Jul 15, 2024 4:20am PDT · 2 comments

In 2020, in front of a parking lot of raucous fans and investors honking their Teslas, Elon Musk laid out an intricate plan to make a $25,000 electric vehicle for the common person. The key: a transformative new battery boasting a slew of innovations, which he said could be ready in time for the vehicle’s release in 2023. Tesla blew that... In 2020, in front of a parking lot of raucous fans and investors honking their Teslas, Elon Musk...

Art by Clark Miller. Trae Stephens photos courtesy Epic Church San Francisco

The Rise of Founders Fund’s Faithful Warrior

By Natasha Mascarenhas · Jul 12, 2024 6:00am PDT · 4 comments

In late June, roughly 300 people—many of them founders, venture capitalists and other techies—piled into a windowless room on a Thursday night in a church in downtown San Francisco. Some were at Epic Church San Francisco to worship, while others privately admitted they were angling for an introduction to one of the people preaching... In late June, roughly 300 people—many of them founders, venture capitalists and other...

Art by Clark Miller.

Temu Breaks With Direct-From-China Strategy In Threat to Amazon

By Jing Yang · Jul 10, 2024 6:00am PDT

Chinese bargain site Temu has been a big hit with American shoppers in the past year or two, drawing increasing scrutiny from U.S. lawmakers over its approach to importing goods and attention from rival Amazon. Now, Temu is changing tack, encroaching more on Amazon’s turf. Instead of only shipping items from Chinese factories directly to... Chinese bargain site Temu has been a big hit with American shoppers in the past year or two,...

Ben Horowitz, left, and Marc Andreessen. Photos by Getty

Andreessen Horowitz Is Building a Stash of More Than 20,000 GPUs to Win AI Deals

By Kate Clark · Jul 9, 2024 6:00am PDT · 4 comments

Andreessen Horowitz, one of the most active venture capital investors in generative artificial intelligence, has added a new tool to its arsenal for winning deals in hot AI startups. The firm has secured thousands of AI chips, including Nvidia H100 graphics processing units, and is renting them to portfolio companies, according to a person who... Andreessen Horowitz, one of the most active venture capital investors in generative artificial...

Art by Mike Sullivan

OpenAI’s China Ban Doesn’t Apply to Microsoft’s Azure China

By Qianer Liu and Juro Osawa · Jul 8, 2024 6:00am PDT

Art by Mike Sullivan

OpenAI’s China Ban Doesn’t Apply to Microsoft’s Azure China

By Qianer Liu and Juro Osawa · Jul 8, 2024 6:00am PDT

OpenAI last month announced plans to crack down on China-based artificial intelligence developers covertly accessing the startup’s technology, which it doesn’t offer in China. But OpenAI’s conversational AI models are available to Chinese businesses—if they sign up for Microsoft’s Azure cloud service, which operates... OpenAI last month announced plans to crack down on China-based artificial intelligence developers...