Articles from www.theinformation.com

Articles from www.theinformation.com

Filing: StubHub, which is planning a September IPO, says revenue grew 3% to $828M in H1, missing its earlier projection of $885M, with adjusted EBITDA down 7% (www.theinformation.com)
2025-8-31 IPO

Sources: Meta Superintelligence Labs' leaders have discussed using Google or OpenAI's models to power Meta AI and other AI features in Meta's social media apps (www.theinformation.com)
2025-8-30 Google AI

Flip, a TikTok rival that let shoppers post video reviews and earn cash based on engagement, has shut down; it had raised $300M and was valued at $1B+ in 2024 (www.theinformation.com)
2025-8-30

Sources: DeepSeek plans to use Huawei's Ascend AI chips to train smaller versions of its upcoming R2 models but will still use Nvidia chips for largest models (www.theinformation.com)
2025-8-29 AI Nvidia

Sources: Pinecone, which provides an AI-compatible vector database, is exploring a sale after receiving takeover interest; Pinecone was valued at $750M in 2023 (www.theinformation.com)
2025-8-29 Database AI

Rain, a stablecoin-backed Visa card issuer, raised a $58M Series B led by Sapphire Ventures, after raising a $24.5M Series A led by Norwest in March (www.theinformation.com)
2025-8-28

Sources: HongShan, formerly Sequoia China, has invested only a quarter of the ~$9B it raised in 2022 and has been increasingly looking beyond China for deals (www.theinformation.com)
2025-8-27 China

Sources: Apple executives have discussed acquiring Mistral AI and Perplexity, with Eddy Cue as the most vocal champion within the company for such AI deals (www.theinformation.com)
2025-8-27 AI Apple

Source: Snap is considering raising outside money to fund Spectacles development or spinning off Spectacles, to compete with deeper-pocketed rivals like Meta (www.theinformation.com)
2025-8-23

Sources: OpenAI has been partially using Google search results scraped by a startup called SerpApi for ChatGPT responses on current events like news and sports (www.theinformation.com)
2025-8-22 Google Startup

Sources: Nvidia told suppliers like Amkor and Samsung to halt H20 chip production after China urged local tech firms to avoid H20 over alleged security concerns (www.theinformation.com)
2025-8-22 China Samsung Nvidia

Source: Meta has signed a deal with Google, worth more than $10B over six years, to use Google Cloud's servers, storage, networking, and other services (www.theinformation.com)
2025-8-22 Google

Sources: Crusoe is discussing raising $1B+ at a $10B valuation; the company, which is helping build OpenAI's first Stargate facility, had $250M revenue in 2024 (www.theinformation.com)
2025-8-22

Sources: Character.AI has recently discussed a sale with potential buyers and also talked with investors about raising a few hundred million at a $1B+ valuation (www.theinformation.com)
2025-8-21 AI

Source: Pylon, which uses AI to automate B2B customer service, raised $31M led by a16z and Bain Capital at a valuation in the hundreds of millions of dollars (www.theinformation.com)
2025-8-20 AI

NYC-based Protege, which prepares and sells real-world datasets like lab results and sports footage for AI training, raised a $25M Series A led by Footwork (www.theinformation.com)
2025-8-18 AI

Sources: Meta plans its fourth AI restructuring in six months, dividing Superintelligence Labs into TBD Lab, a product team, an infrastructure team, and FAIR (www.theinformation.com)
2025-8-16 AI

Source: cloud startup Vercel has been approached by investors offering to invest hundreds of millions at an $8B-$9B valuation; it was valued at $3B last year (www.theinformation.com)
2025-8-15 Startup

Sources: chip startup Rivos, which plans to release a GPU for inference as early as 2026, is seeking to raise between $400M and $500M at a $2B+ valuation (www.theinformation.com)
2025-8-15 Startup

Sources: Perplexity talked with The Browser Co. and Brave about buying them, offering ~$1B for Brave; OpenAI also discussed an acquisition with The Browser Co. (www.theinformation.com)
2025-8-14 Browser

Source: Meta has acquired WaveForms AI, which is working on AI that understands and mimics emotion in audio and debuted in December with a $40M seed led by a16z (www.theinformation.com)
2025-8-8 AI

Source: OpenAI awards bonuses to ~1,000 research and engineering employees, or ~30% of its staff, ranging from several hundred thousand to millions of dollars (www.theinformation.com)
2025-8-8

A look at newsletter platform Beehiiv, which has a $30M ARR and fees starting at $43/month for 1,000 subscribers, unlike Substack, which takes a 10% revenue cut (www.theinformation.com)
2025-8-7

Internal email: Cognition offers buyouts to its ~200 newly acquired Windsurf staff, with Cognition CEO Scott Wu writing “we don't believe in work-life balance” (www.theinformation.com)
2025-8-7

Source: Reflection AI, founded by ex-Google researchers and which makes the AI agent Asimov, has raised most of the $1B+ it is seeking to build open-source LLMs (www.theinformation.com)
2025-8-7 Google AI

Sources: AI video startup Runway is in talks to raise ~$500M at a $5B+ pre-money valuation; rival Luma AI aims to raise $1.1B+ at a $3.2B+ pre-money valuation (www.theinformation.com)
2025-8-7 Startup AI

Source: GPT-5 improvements won't be comparable to the leaps in performance of earlier models, such as between GPT-3 in 2020 and GPT-4 in 2023 (www.theinformation.com)
2025-8-2

Source: Anthropic is nearing $5B in annualized revenue, up from $4B reported on July 1, as it nears a deal to raise $5B led by Iconiq at a $170B valuation (www.theinformation.com)
2025-8-1

Source: OpenAI's monthly revenue grew ~2x in the first seven months of 2025, hitting $12B in annualized revenue; the company's 2025 revenue projection is $12.7B (www.theinformation.com)
2025-7-31

Sources: Cohere has told investors it expects to generate $200M+ in annualized revenue by the end of 2025, up from $70M in annualized revenue as of February (www.theinformation.com)
2025-7-30

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