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The Information:
Sources: Viacom in talks to acquire Tubi TV, an ad-supported streaming service partly owned by MGM and Lionsgate; one source estimated a cost of around $300M   —  Nearly every major media company in recent years has launched video streaming services that cost viewers a few dollars a month and don't carry ads …
Jan 11, 2019, 8:50 PMIn context
The Information:
Sources say Amazon is developing a game streaming service, but it isn't likely to launch until next year at the earliest   —  Amazon is developing a service for streaming videogames over the internet, joining Microsoft, Google and other companies that are building similar offerings …
Jan 10, 2019, 4:50 PMIn context
Amir Efrati / The Information:
Leaked docs from last March: Uber projected net revenue of $14.2B by 2019, up 2X from 2017, and its 2019 EBITDA losses to shrink to $500M from ~$1.7B in 2018   —  When Wall Street banks last fall were pitching to take Uber public, some suggested the ride-hailing giant could hit the public market with a valuation of $120 billion.
Jan 7, 2019, 7:00 PMIn context
Amir Efrati / The Information:
Sources: Waymo has 950 employees while Cruise has 1,000+ and Uber's autonomous vehicle division has ~1,100; half of Waymo's 10-person executive team is female   —  Alphabet's Waymo self-driving car unit was the first to launch a commercial robo-taxi service, picking up and dropping off paying passengers.
Jan 2, 2019, 3:55 PMIn context
Aaron Tilley / The Information:
Lighthouse, a startup backed by Andy Rubin that was building AI-enabled security cameras, is shutting down; Lighthouse had raised $20M   —  A startup building an advanced artificial intelligence-enabled security camera, called Lighthouse, is shutting down.  Founded in 2015 …
Dec 18, 2018, 7:00 PMIn context
The Information:
Sources: ByteDance, the startup behind popular video app TikTok, is in talks to raise $1.45B for its first venture fund to invest in AI and media content   —  China's ByteDance, the world's most valuable startup worth $75 billion, is in talks to raise the equivalent of more than $1 billion …
Dec 7, 2018, 7:50 AMIn context
The Information:
Sources: Uber has recently held talks about possible acquisitions with scooter startups Bird and Lime   —  Uber has held talks recently with electric scooter rental startup Bird to acquire the company in what could be a multibillion-dollar deal, said several people briefed on the discussions.
Dec 1, 2018, 11:05 AMIn context
Aaron Tilley / The Information:
Source: Apple quietly bought Silk Labs, a startup that makes lightweight AI software for consumer hardware, earlier this year; PitchBook: Silk Labs raised ~$4M   —  Apple has quietly acquired a startup, Silk Labs, that specializes in making artificial intelligence software lightweight enough …
Nov 20, 2018, 8:05 PMIn context
Tom Dotan / The Information:
Sources: Evan Spiegel spends most board meetings looking at his phone and messaging on Snapchat, seemingly dismissive of some members' “short term” concerns   —  Until a few months ago, Snap's board meetings could be tense affairs.  Benchmark partner Mitch Lasky …
Nov 19, 2018, 1:30 PMIn context
Cory Weinberg / The Information:
Sources: Lyft plans to design its own e-scooters and e-bikes and hires Liam O'Connor, who held top supply chain jobs at Apple and Tesla, to lead the project   —  Lyft hired Liam O'Connor, who held top supply-chain jobs at Apple and Tesla, to lead the ride-hailing firm's nascent bikes and scooters division …
Nov 6, 2018, 10:10 PMIn context

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