Gross profit margins are going to be important once AI funding (still hot!) ever cools. Here's a rare look at the details for one buzzy startup:

A rare deep look into how one of the best-funded and most highly valued AI startups is spending. Hint: discounts, ads and a lot of AI. via Sri Muppidi theinformation.com/articles/googl…

How Elon Musk's xAI plans to make money is one of the big questions in the AI field right now. Kevin McLaughlin & I have one possibility: the startup hopes to use data from gov't agencies to sell models / apps to gov't customers. More here: theinformation.com/articles/xai-m…

Smart #dealmaker from Cory Weinberg on the venture investors who are now helping portfolio co's find buyers. “We, as an industry, have an inventory problem,” says one. theinformation.com/articles/the-v…

Live from the temple of technology, the fortress of finance, the capital of capital… Need I go on? Probably not. Here’s Weekend’s Big Read (by me!) on @TBPN, Silicon Valley’s new must-listen talk show from John Coogan and Jordi Hays. 👇🏼

Startups are allowing employees to cash out when they're younger—and they're more frequently doing back-to-back rounds and buybacks. Three charts tell that story: theinformation.com/articles/start…

Worth reading: The Downsides of Vibe Coding via Jon Victor theinformation.com/articles/downs…

ICMYI: VC funds are for sale, sometimes at a discount!!💰 A Nokia pension plan, for instance, is selling its stakes in some U.S. VC funds, unloading positions worth at least $100Ms of dollars.

We spent the weekend wrangling behind the scenes impact and investor discussions around the Elon Musk and Trump dispute. The latest w/ Nick Wingfield Evan Robinson-Johnson @sylviavarnham Steve LeVine: theinformation.com/articles/fract…

tuesday morning reading for Meta employees theinformation.com/articles/fame-…

Scoop via Cory Weinberg , who has details on Meta’s stake in Scale, which looks to be another take on last year’s popular AI acquihire structure theinformation.com/articles/meta-…

new: When you're trying to raise $40 billion, as OpenAI is, there aren't a lot of people or places you can turn to. OpenAI projects spending $90 ~billion~ on training & inference between 2025-2027 so it's going worldwide to get the bucks it needs.

Scoop: Meta's not done revamping its AI team after its $14 billion Scale purchase. The latest: it's in talks to hire Nat Friedman and Daniel Gross, two prominent AI investors (Gross is also the cofounder of Safe Superintelligence) theinformation.com/articles/meta-…

Scoop: TikTok and Instagram are working on versions of their apps customized to run on TV screens following YouTube's success in the living room w/ Kalley Huang theinformation.com/articles/tikto…

Great interviews and terrific networking :

Artificial general intelligence >> Artificial super intelligence. Microsoft and OpenAI can't agree on the definition of the former, with big consequences for Microsoft's access to OpenAI tech. So they may resolve by moving the goalposts. theinformation.com/articles/opena…