Working for a better journalism future. Founder, @theinformation. Founder, @lessinmedia. Co-host @moreorlesspod
San Francisco
Joined September 2007
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Jessica Lessin retweeted
Scoop: Microsoft said in earnings it spent $5 billion less on capex than expected bc data center capacity it was planning to rent wasn’t ready on time.
Microsoft didn’t name the “third party” behind those delays, but one of them is Iren. theinformation.com/briefings…
Interesting. @theinformation readers are less skeptical than me on data center build out!
(Btw try our new Polls app if you haven’t. It is free and you get proprietary data daily.)
polls.theinformation.com/q/6…
This was super fun. Don't miss @parkerconrad on @MoreorLessPod tomorrow!
Tomorrow's More or Less is the Less-ins (me and
@Jessicalessin) with probably the number-one revenge founder of all time @parkerconrad...
Always fun to be live from NY on @squawkbox
“I think relative to OpenAI, it’s a pretty efficient business,” says @Jessicalessin of Anthropic ahead of its IPO: cnb.cx/4zvEzeX
Jessica Lessin retweeted
Our roundup of how Tuesday's election will affect the tech sector, including:
- The prospect of AI legislation given Trump's veto power
- Why hyperscaler stocks are going up and neoclouds are going down
- The ramifications for Elon Musk
- How 2028 presidential prospective candidates are already getting advice on their AI platforms
- A very, very bad night for crypto
W/ @nickwingfield and featuring @bradrcarson, @JayCarney and @adamkovac
theinformation.com/articles/…
Jessica Lessin retweeted
NEW: Palo Alto Networks' deal machine also doesn't stop. Next on the list is Clutch Security, an AI agent security startup for ~$500M. via @theinformation
Today made me think back to last week when I interviewed Amanda Peterson Corio, who is responsible for powering all Google's infrastructure.
I asked her if Google would acquire more companies in the pipeline directly.
She said: "We're constantly evaluating what makes most sense, where does it bring in-house efficiencies at scale, and, and where does it not? Where is someone else better to do it outside of a company? I don't have an answer for you today, but we're always evaluating that."
Jessica Lessin retweeted
Your company went public at $185, soared to $311, now the stock is at $90. Your RSU is taxed at IPO price.
In the old days when you can't sell for at least 180 days, you should be pretty unhappy right now. But thanks to the increasingly popular *staggered* lockup, some may actually be fine!
theinformation.com/newslette…
Wild chart here.
Apollo is poised to control $75 billion worth of AI chips through deals with SpaceX and Anthropic.
That would give the private equity giant a bigger chip stockpile than any neocloud and put it behind only the major hyperscalers.
Read more: thein.fo/4ixcAFH
Ok, it is obviously early to say this but I think the market reaction today points to the fact that investors have a very nuanced lens on the AI trade -- which could be good news for those worried about an eventual huge crash.
Rather than a big wipeout of everything today, we're seeing the market trade up a little, hyperscalers up a little, chips down and neoclouds down.
That suggests that the ai trade doesn't play just one way which is probably good news for those who are concerned that weakness in some companies could pull the whole market down.
Obviously, major changes in the macro, revenue growth halts, etc could still collapse the whole pie.
But the way things are trading now (with a relatively modest shock) suggests a more nuanced picture.
The fact the market is up right now means investors don't think the data center bans are going to fundamentally delay the big hyperscalers on infrastructure. That's interesting.
You can click through all the categories here
theinformation.com/articles/…
Read this morning: There are 300 plus potential data center bans and moratoriums in various places in the U.S.
@shqne
theinformation.com/articles/…
Jessica Lessin retweeted
Scoop from @jemimacmcevoy and @Jessicalessin: OpenAI finally has its chief corporate affairs officer, Uber President Jill Hazelbaker!
For why it took so long, check out my newsletter here: theinformation.com/newslette…
theinformation.com/articles/…
Jessica Lessin retweeted
You can't make this up: Our latest investigation into how expensive high-bandwidth memory chips get smuggled to #China from #SouthKorea.
The trick? Pair them w/ cheap server chips to avoid export detection; solder the memory chips off the cheap server, viola. via @theinformation
Scoop w/ @jemimacmcevoy
They finally got her (it was a long pursuit)
Uber's Hazelbaker to join OpenAI.
theinformation.com/articles/…
@jillhazelbaker
As investors doubt whether AI revenues will ever justify the capex, AI labs are pointing to three things to change their minds. 1. cyber 2. health and ....
3.
theinformation.com/articles/…
(The third has the benefit of competing with their frenemy supplier Nvidia)
@QianerLiu @validapau @_pheebini
