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The Briefing

By Martin Peers, Jessica Lessin and the team at The Information

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Recent Editions

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The Briefing

AI Euphoria Disappears From Public Market

By Martin Peers · May 31, 2024 3:30pm PDT
What happened to all that AI euphoria we were hearing about for much of the past year? A big sell-off in enterprise software stocks this week dragged down names from Microsoft to Salesforce to Adobe. It demonstrated just how jittery investors are about the state of the software market. That makes sense: Executives at Salesforce, UIPath and other... What happened to all that AI euphoria we were hearing about for much of the past year? A big...
Scene from last year's Consensus conference. Photo by Bloomberg via Getty Images.
The Briefing

At Consensus, Crypto Seizes a Political Opportunity

By Yueqi Yang · May 30, 2024 5:00pm PDT
I’ve been in Austin all week, attending the biggest annual crypto conference, Consensus, along with 15,000 other people. The parties—particularly those at BBQ restaurants—were packed. And the vibe all week has been cautiously optimistic, in contrast with a year ago when the industry was merely trying to survive through the aftermath of FTX’s... I’ve been in Austin all week, attending the biggest annual crypto conference, Consensus, along...
Photo via Nasdaq
The Briefing

What CoreWeave’s IPO Plans Say About IPO Market

By Cory Weinberg · May 29, 2024 5:00pm PDT
Nothing focuses the mind quite like an impending hanging. That’s according to English poet Samuel Johnson, speaking in the 18th century. The paraphrased quote perhaps explains the mindset of the small circle of companies taking concrete steps to go public in the near future: It’s easier to carry heavy debt loads when you’re a public company than... Nothing focuses the mind quite like an impending hanging. That’s according to English poet Samuel...
Vivek Ramaswamy in February. Photo via Shutterstock.
Ramaswamy Plays BuzzFeed For Attention
By Martin Peers · May 28, 2024 5:00pm PDT · 3 comments
Vivek Ramaswamy in February. Photo via Shutterstock.
The Briefing

Ramaswamy Plays BuzzFeed For Attention

By Martin Peers · May 28, 2024 5:00pm PDT · 3 comments
Vivek Ramaswamy was obviously missing the adrenaline rush of being in the headlines. His faux-activist plunge into BuzzFeed stock has cost him less than $5 million and has already paid dividends in more free press than he’s had since he dropped out of the Republican presidential race in January. But let’s not mistake this for an activist play.... Vivek Ramaswamy was obviously missing the adrenaline rush of being in the headlines. His...
Left to right: Shaquille O'Neal, Ernie Johnson, Kenny Smith, and Charles Barkley. Photo by Michael Loccisano/Getty Images.
The Briefing

Warner’s NBA Relationship Fades Away

By Akash Pasricha · May 24, 2024 3:00pm PDT
Microsoft’s Satya Nadella and Nvidia’s Jensen Huang made plenty of news this week. But what about Charles Barkley? The legendary NBA-player-turned-broadcaster’s remarks on a podcast yesterday seemed to suggest that TNT’s hit halftime and postgame show “Inside The NBA” could be nearing its end if the network’s parent company, Warner Bros.... Microsoft’s Satya Nadella and Nvidia’s Jensen Huang made plenty of news this week. But what about...
The Briefing Newsletter
Get smarter about the most important stories in tech, media and finance by following Silicon Valley’s most-read executive newsletter.
By providing your email, you agree to The Information’s Privacy Policy
Taylor Swift performs in Paris on May 12. Photo by Kevin Mazur/TAS24/Getty Images.
The Briefing

Taylor Swift the Trust Buster

By Nick Wingfield · May 23, 2024 5:00pm PDT · 1 comment
Taylor Swift’s blockbuster Eras Tour united music fans, and now her fury towards Ticketmaster has resulted in an antitrust lawsuit against the ticketing giant that seems to have united people across the ideological spectrum. The U.S. Department of Justice and state and district attorneys general today filed a lawsuit against Ticketmaster and its... Taylor Swift’s blockbuster Eras Tour united music fans, and now her fury towards Ticketmaster has...
Nvidia CEO Jensen Huang during the Nvidia GPU Technology Conference in San Jose, Calif., this March. Photo by Bloomberg via Getty Images.
The Briefing

Nvidia Answers Prayers Again

By Cory Weinberg · May 22, 2024 5:00pm PDT · 1 comment
Nvidia, a $2 trillion chip giant worshipped by financial markets and Silicon Valley, has to pass an increasingly difficult test of investors’ faith every quarter. On Wednesday, it gave everyone in the church of artificial intelligence a reason to keep believing.The company’s revenue nearly quadrupled from the first quarter last year to $26... Nvidia, a $2 trillion chip giant worshipped by financial markets and Silicon Valley, has to...
Sam Altman and Scarlett Johansson. Photos via Getty Images
Sam Altman’s Naughty Side
By Aaron Holmes · May 21, 2024 5:00pm PDT · 3 comments
Sam Altman and Scarlett Johansson. Photos via Getty Images
The Briefing

Sam Altman’s Naughty Side

By Aaron Holmes · May 21, 2024 5:00pm PDT · 3 comments
Sam Altman’s naughty streak has been key to his success. This week, it may have gotten him in trouble.The OpenAI CEO came under fire yesterday after the actress Scarlett Johansson said she, through her lawyers, complained to OpenAI after they used a voice that resembled her own for its ChatGPT assistant. OpenAI says the voice wasn’t meant to... Sam Altman’s naughty streak has been key to his success. This week, it may have gotten him in...
Microsoft CEO Satya Nadella at today's event. Photo by Bloomberg via Getty Images.
The Briefing

In Praise of Microsoft’s ‘Prosaic’ AI Features

By Nick Wingfield · May 20, 2024 5:00pm PDT · 1 comment
It was Microsoft’s turn today to talk about all of the ways it plans to make your life better with artificial intelligence. The various new features and products it announced felt a little—dare we say it?—bland. But that might be more than okay. In one case, it showed a new version of its Copilot assistant for Windows PCs that can observe... It was Microsoft’s turn today to talk about all of the ways it plans to make your life better...
Attendees play Call of Duty at a convention in Turin, Italy, in April. Photo by Stefano Guidi/Getty Images
The Briefing

Microsoft’s Big Games Gamble

By Nick Wingfield · May 17, 2024 5:00pm PDT
It’s Friday so it seems fitting to take a break from cloud computing, artificial intelligence, balance sheets and the other themes we usually cover here to talk briefly about a more recreational topic: video games. Earlier this week, Take-Two Interactive Software dropped some big news when it said Grand Theft Auto VI will come out in the fall of... It’s Friday so it seems fitting to take a break from cloud computing, artificial intelligence,...
The Briefing Newsletter
Get smarter about the most important stories in tech, media and finance by following Silicon Valley’s most-read executive newsletter.
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Credit: Photo via Adobe Stock
The Briefing

Walmart and Amazon’s Favorite New Catchphrase

By Theo Wayt · May 16, 2024 5:00pm PDT
A few years ago, in the salad days of startups like Gopuff, Getir and Gorillas that promised grocery deliveries in as little as 10 or 20 minutes, investors like SoftBank and Mubadala bet billions of dollars on the idea that shoppers wanted “ultrafast delivery.” Now it’s looking like the actual future of delivery will wind up being “just fast... A few years ago, in the salad days of startups like Gopuff, Getir and Gorillas that promised...
A trader on the NYSE floor earlier this month. Photo by Spencer Platt/Getty Images
Everything’s Coming Up Big Tech
By Cory Weinberg · May 15, 2024 5:00pm PDT
A trader on the NYSE floor earlier this month. Photo by Spencer Platt/Getty Images
The Briefing

Everything’s Coming Up Big Tech

By Cory Weinberg · May 15, 2024 5:00pm PDT
Wall Street traders sent U.S. stocks to all-time highs on Wednesday. An ebullient market, pleased with easing inflation, liked big tech even more. Most of the tech giants like Nvidia, Meta Platforms and Microsoft saw gains higher than the S&P 500. As if those companies need more help, the market’s friendliness plays into big tech’s... Wall Street traders sent U.S. stocks to all-time highs on Wednesday. An ebullient market, pleased...
Google CEO Sundar Pichai at Google’s I/O developer conference on Tuesday. Photo by Google
The Briefing

Google Serves a Multicourse AI Meal

By Nick Wingfield · May 14, 2024 5:00pm PDT · 1 comment
The season of AI hype continues. Yesterday it was OpenAI. Today it was Google, which used its annual developer conference, Google I/O, to chronicle all of the ways it’s pushing the ball forward in artificial intelligence. Google is part of a $2 trillion–plus company, so it had a lot of ground to cover, which may explain why its event clocked in... The season of AI hype continues. Yesterday it was OpenAI. Today it was Google, which used its...
OpenAI Chief Technology Officer Mira Murati introducing GPT-4o. Photo via YouTube/OpenAI
The Briefing

OpenAI Outshines Apple

By Nick Wingfield · May 13, 2024 5:00pm PDT
Here at The Information we’ve written a lot over the past six years about Apple’s struggles to make technological progress with its Siri voice assistant. So it must have been painful to the folks at Apple’s giant donut in Cupertino, Calif., to see OpenAI waltz right onto their turf earlier today and show the kind of artificial intelligence–... Here at The Information we’ve written a lot over the past six years about Apple’s struggles to...
Nick Giovanni. Photo via Instacart.
The Briefing

Instacart’s CFO Shuffle

By Martin Peers · May 10, 2024 3:00pm PDT
It’s Friday. What did we learn this week, aside from the fact that Apple’s marketing department is overrun with philistines? Maybe the most interesting tech news was Instacart’s disclosure that Nick Giovanni, the onetime senior Goldman Sachs media-tech-telecom banker who jumped to the grocery-delivery firm to be chief financial officer in... It’s Friday. What did we learn this week, aside from the fact that Apple’s marketing department ...
The Briefing Newsletter
Get smarter about the most important stories in tech, media and finance by following Silicon Valley’s most-read executive newsletter.
By providing your email, you agree to The Information’s Privacy Policy
John Ternus, Apple's Senior Vice President of Hardware Engineering. Photo by Bebeto Matthews/AP.
Tim Cook, Bob Iger and Reading Between the Media Lines
By Jessica E. Lessin · May 9, 2024 5:00pm PDT · 1 comment
John Ternus, Apple's Senior Vice President of Hardware Engineering. Photo by Bebeto Matthews/AP.
The Briefing

Tim Cook, Bob Iger and Reading Between the Media Lines

By Jessica E. Lessin · May 9, 2024 5:00pm PDT · 1 comment
Just as there is an art to managing a CEO succession process from the inside (at least I imagine that to be the case—I have never done it myself), there’s a not so often discussed playbook for how a reporter writes about succession.It starts by writing a profile of the person you really, really think will get the job, though you can’t come out... Just as there is an art to managing a CEO succession process from the inside (at least I imagine...
Elon Musk speaks with Michael Milken at this year's Milken Institute Global Conference. Photo by Apu Gomes/Getty Images.
The Briefing

Milken’s New Power Players

By Cory Weinberg · May 8, 2024 5:00pm PDT
It’s no secret that the suits at the annual big-money confab put on by the Milken Institute this week have few spending limits. Staring you in the face in the lobby of the Beverly Hilton is a booth set up by Bombardier, marketing its private jets to attendees. (A new 10-seater costs $32 million, I learned.)What attendees can’t really buy,... It’s no secret that the suits at the annual big-money confab put on by the Milken Institute this...
Disney CEO Bob Iger. Photo by Michael Blackshire / Los Angeles Times via Getty Images.
The Briefing

Disney Turns a Corner in Streaming, but Market Is Unimpressed

By Martin Peers · May 7, 2024 5:00pm PDT · 1 comment
You can just imagine what Disney CEO Bob Iger was thinking today: If it’s not one thing, it’s another. Disney surprised the market by reporting that its streaming services all but broke even in the March quarter, a notable achievement given that it was wallowing in red ink just a few quarters ago. But the pesky worrywarts of the stock market... You can just imagine what Disney CEO Bob Iger was thinking today: If it’s not one thing, it’s...
The trailer for Netflix's "The Roast of Tom Brady." Photo via YouTube/Netflix.
The Briefing

The Briefing: Netflix’s Tom Brady Roast Is a Hit

By Martin Peers · May 6, 2024 5:00pm PDT
Ted Sarandos should be pleased. Sunday night’s roast of retired NFL quarterback Tom Brady, aired live on Netflix, was a cultural hit, judging from the flood of praise on X (see here, here and here) and news media coverage like this. If nothing else, this symbolizes what old-TV giants have lost to Netflix. People of a certain age may remember... Ted Sarandos should be pleased. Sunday night’s roast of retired NFL quarterback Tom Brady, aired...
Photo by Kevin Dietsch/Getty Images.
The Big Threat Hanging Over Google
By Martin Peers · May 3, 2024 3:27pm PDT
Photo by Kevin Dietsch/Getty Images.
The Briefing

The Big Threat Hanging Over Google

By Martin Peers · May 3, 2024 3:27pm PDT
If you’re lying awake at 3 a.m. one night, try reading the Justice Department’s 509-page “proposed finding of fact” in its antitrust lawsuit against Google’s search business, a revised version of which was filed with the court on Tuesday. You likely won’t make it past the extensive table of contents before you fall asleep. Even so, getting... If you’re lying awake at 3 a.m. one night, try reading the Justice Department’s 509-page “...