The Information
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We founded The Information in late 2013 with a simple idea: write deeply reported articles about the technology industry that you won't find elsewhere.
Since then, we've moved markets, gotten the early scoop on billions of dollars of acquisitions and told you what's happening deep inside companies like Apple, Facebook and Google. Our articles have been followed by the Wall Street Journal, the New York Times, Bloomberg and other major outlets thousands of times. How we compete is simple. We recruit the best reporters, give them the freedom to write about important topics and tell them not to worry about the small stuff. Source
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| Scope | National |
|---|---|
| Language | English |
| Country | United States of America |
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Recent Articles
Search ArticlesMorgan Stanley CEO Expects Another Decade of Major AI Investment
Source: The Information Morgan Stanley CEO Ted Pick said on Wednesday that he expects the AI buildout will encounter bottlenecks and periods of overbuilding, but investment will continue at a massive scale over the next several years. Pick also said during Morgan Stanley’s third-quarter earnings call that the bank’s role is to regulate the flow of AI capital expenditure, slowing down when the market moves too quickly and speeding up as needed.
OpenAI’s Computing Lead Sachin Katti to Depart In November
Source: The Information Sachin Katti, vice president of compute strategy at OpenAI, said Wednesday he was leaving the role on November 15 after about a year at OpenAI. Katti, who joined OpenAI after four years at Intel, announced that he would be “moving on to build something new” in a post on X.
Anduril in Talks for Employee Share Sale at $90 Billion Valuation
Source: Bloomberg Anduril Industries is in talks to allow employees to sell their shares in a tender that would value the autonomous munitions maker at about $90 billion, according to Bloomberg. Employees would be able to sell shares at $94.80 each in the tender, which would be capped at roughly $1.3 billion and is set to close in early November, the report said.
OpenAI Accuses Former Employee of Taking Confidential Information to Apple
Source: OpenAI OpenAI has accused a former employee of sharing the company’s unreleased device plans with senior leadership at Apple—a charge that echoes those Apple made against OpenAI in a lawsuit the iPhone maker filed in July. In a filing Wednesday morning, OpenAI claimed the unnamed former employee joined OpenAI from Apple, worked for OpenAI for six months and then returned to Apple.
Berkshire Hathaway Invest $330 Million in Bending Spoons
Source: The Information Berkshire Hathaway has agreed to invest $330 million in Italian digital conglomerate Bending Spoons in a private placement of stock, providing a boost to investor confidence in Bending Spoons. Shares of the Italian company leapt 40% to $52.88 on Wednesday. That share price is well above the $33 a share price that Berkshire is paying for 10 million shares, however, according to a securities filing by Bending Spoons.
OpenAI’s Math Breakthroughs Rattle Cryptography Leaders
OpenAI’s release last Tuesday of more than 300 math results it says an internal model solved has sparked concern among some of the world’s leading cryptographers, or experts in encoding information to keep it private and secure. They worry that AI’s continued math advances could find new algorithms that make our current methods of protecting information on encrypted services, from online payments to messaging platforms like WhatsApp, easier to crack.
Inside a TPG-Backed Accounting Firm’s Plans for AI and More Acquisitions
Smith + Howard, an accounting firm backed by private equity giant TPG that has grown in part by snapping up smaller firms, is gearing up for a new round of acquisitions—including two that could close by the end of the year. As it grows, the firm is exploring how AI could handle basic work where there’s “a lot of lather, rinse, repeat,” CEO Sean Taylor said.
Blackstone-Backed AirTrunk Postpones REIT IPO Amid Market Volatility
Source: Bloomberg Data center operator AirTrunk is postponing a planned initial public offering of a real estate investment trust in Singapore to next year as higher interest rates and volatile markets dampen investor demand, Bloomberg reported. The Sydney-headquartered company, which is backed by Blackstone, had plans to start gauging investor interest for a $1.5 billion IPO in October.
Microsoft Explores Ways to Cut Costs in Azure Cloud Unit
Source: The Information Microsoft has discussed making significant cost reductions in its Azure cloud unit, The Information reported late Tuesday. Girish Bablani, president of Microsoft’s Azure cloud unit, recently told senior leaders in his group to think about ideas for reducing costs by at least 20%, according to a person with direct knowledge of the situation.
Anthropic Strikes Licensing, Acqui-Hire Deal With AI Security Startup
Source: The Information Anthropic has struck an agreement to license technology and hire some engineers from Opaque Systems, a five-year-old startup that sells software for securing confidential data for use with AI agents, according to an Anthropic spokesperson. The Anthropic spokesperson didn’t have a comment on the terms of the agreement or how many of Opaque’s engineers will be joining Anthropic.