Dealmaker: The ‘Unparalleled Capital Implosion’ Worrying VC Benchmark general partner Eric Vishria says this AI funding boom is riskier in some ways than the low-rate startup bonanza of 2021. Read more from Cory Weinberg 👇
The Information
Technology, Information and Media
San Francisco, California 31,652 followers
The leading publication high-powered tech executives and founders read daily.
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The Information is a global publication committed to original reporting and in-depth analysis of the technology industry. Based in San Francisco and founded in 2013 by award-winning former Wall Street Journal reporter Jessica Lessin, The Information is one of the most influential voices in technology news and one of the fastest-growing news businesses in the world. In addition to delivering leading-edge journalism, the team hosts events and conference calls that draw thousands of C-level leaders annually. Sign up for our newsletters: https://www.theinformation.com/newsletters
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Updates
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The NFL has built relationships with tech giants over decades, recognizing the shift in where viewers consume content. 1 🤝 The league's long-term strategy with Silicon Valley: https://lnkd.in/e4w5q6iR #SportsTech
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While crypto trading surged, Jane Street "intentionally ensured" it remains a small portion of its broader firm, focusing on "certain coins and venues." 🤏 Insights into their crypto strategy: https://lnkd.in/ecaMfakz #Finance
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Using software from Decagon, ClassPass has reduced the cost of a support conversation by a significant 95%. 💰 The cost-saving benefits of AI in customer service: https://lnkd.in/eJ6hbj5F #AIEconomics
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Mira Murati's AI startup, Thinking Machines Lab, is raising $2B at a $10B valuation, with terms giving Murati a board vote exceeding all other directors combined. Learn more about this unusual control structure: https://lnkd.in/eXsRiChS #AI
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Snowflake has set a goal to reach $100 million in annual recurring revenue from its generative AI software by the end of its fiscal year. More on Snowflake's AI target: https://lnkd.in/eRMwhsTj #AISales
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While Unity has retracted the Runtime Fee and reverted to subscriptions, deep skepticism remains among developers, highlighting the long road to recovery. 🚧 The future of Unity: https://lnkd.in/eacH6WN3 #UnitySoftware
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United Texas Bank's ability to expand its crypto business is limited and dependent on the blessing of its regulatory partners. More on the bank's future in the crypto space: https://lnkd.in/efTkBKEC #defi
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Exclusive: Mira Murati’s Startup Gives Her Board Control in Andreessen-Led Deal The AI startup founded by former OpenAI CTO Mira Murati, which is raising $2 billion, gives her unusual control of board votes. Read more from Stephanie Palazzolo and Natasha Mascarenhas👇
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Chinese authorities are delaying or blocking shipments of iPhone equipment to India without explanation, creating logistical hurdles for Apple's expansion. 📦 The on-the-ground realities of Apple's India expansion: https://lnkd.in/ew4b7uj2