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Corporations spend millions every year to ward off and defend against cyberattacks. Those costs increase as hackers evolve their attacks, moving so fast that it often leaves security professionals playing catch-up. The cost to an organization’s bottom line—and its reputation—can be disastrous.
But what if security was built right into the product development process? In partnership with...
We are pleased to announce The Information is expanding our finance team.
Last year marked a strong year for the growth of our must-read journalism for finance leaders. From breaking the news of the imminent collapse of Silicon Valley Bank to getting inside the fallout of a disastrous JPMorgan fintech acquisition, The Information reporters got the inside track on important stories the most...
Miles Grimshaw, a general partner at Benchmark, is leaving the firm to rejoin Thrive Capital, the New York venture capital firm where he started his career in 2013, according to a Thrive spokesperson.
Grimshaw’s departure represents a rare resignation from Benchmark, a storied early-stage venture firm with early bets on Twitter, Uber and Snap. The firm has only six general partners, including...
And now for something completely different, as British comedy troupe Monty Python used to say. It’s no secret in the AI world that Nvidia’s success in selling AI chips lies partly in the chips’ flexibility. Developers can (relatively) easily tweak the chips to run different types of AI models. Taalas, a new AI chip developer, wants to go in the opposite direction.Taalas is developing the exact...
“The economic problem of society…is a problem of the utilization of knowledge which is not given to anyone in its totality.”
—Friedrich A. Hayek, “The Use of Knowledge in Society”
Silicon Valley venture capitalists and many entrepreneurs espouse libertarian values. In practice, they subscribe to central planning: Rather than competing to win in the marketplace, entrepreneurs compete for funding...
Europe’s antitrust bureaucrats have fined U.S. tech firms so many times that another big penalty—this one for nearly $2 billion, levied at Apple over its App Store rules—might seem like just another day in Brussels. But this episode is a little different. For one thing, Europe’s targets don’t usually include Apple. And, perhaps because CEO Tim Cook isn’t used to being on the receiving end of...
Olipop, a fast-growing brand of soda that has built buzz on TikTok and Instagram with help of celebrities such as Gwyneth Paltrow, is aiming to lift its sales this year to around $400 million, up from more than $250 million last year, and is in talks to raise fresh capital to help fuel its growth, according to a person with direct knowledge of the discussions.
The company is looking to raise the...
ByteDance revenue in the third quarter of 2023 rose roughly 43% to $30.9 billion, indicating that the TikTok parent company accelerated advertising and ecommerce sales slightly from the first half. It also demonstrated that ByteDance is continuing to grow at nearly twice the growth rate of Facebook-owner Meta Platforms. For the first nine months of the year, ByteDance revenue rose 40% to $84.4...
The founder and CEO of the hospitality startup Life House, Rami Zeidan, has resigned and left the board, board member Chris Hemmeter told shareholders in an email on Monday. The board hired two travel industry veterans to take over the company’s management.
The shakeup follows a February 14 report in The Information which cited customers and employees accusing Life House of misrepresenting its...
Big tech companies the world over like to spread their bets on large language models. We’ve seen that with Microsoft—which backed OpenAI but has also struck deals with rivals Cohere and Mistral to make their models available to customers of Azure. (Microsoft also invested a tiny amount in Mistral). Similarly, Alibaba, China’s equivalent of Amazon, has invested in at least four Chinese generative...