AI Enigma: Search Traffic Drops to Sites, but Revenue Doesn’t—YetSave 25% and learn more

The Information
Sign inSubscribe

    Data Tools

    • About Pro
    • The Next GPs 2025
    • The Rising Stars of AI Research
    • Leaders of the AI Shopping Revolution
    • Enterprise Software Startup Takeover List
    • Org Charts
    • Sports Tech Owners Database
    • The Information 50 2024
    • Generative AI Takeover List
    • Generative AI Database
    • AI Chip Database
    • AI Data Center Database
    • Cloud Database
    • Creator Economy Database
    • Creator Startup Takeover List
    • Tech IPO Tracker
    • Tech Sentiment Tracker
    • Sports Rights Database
    • Tesla Diaspora Database
    • Gigafactory Database
    • Pro Newsletter

    Special Projects

    • The Information 50 Database
    • VC Diversity Index
    • Enterprise Tech Powerlist
    • Kids and Technology Survey
  • Org Charts
  • Tech
  • Finance
  • Weekend
  • Events
  • TITV
    • Directory

      Search, find and engage with others who are serious about tech and business.

    • Forum

      Follow and be a part of discussions about tech, finance and media.

    • Brand Partnerships

      Premium advertising opportunities for brands

    • Group Subscriptions

      Team access to our exclusive tech news

    • Newsletters

      Journalists who break and shape the news, in your inbox

    • Video

      Catch up on conversations with global leaders in tech, media and finance

    • Partner Content

      Explore our recent partner collaborations

      XFacebookLinkedInThreadsInstagram
    • Help & Support
    • RSS Feed
    • Careers
  • About Pro
  • The Next GPs 2025
  • The Rising Stars of AI Research
  • Leaders of the AI Shopping Revolution
  • Enterprise Software Startup Takeover List
  • Org Charts
  • Sports Tech Owners Database
  • The Information 50 2024
  • Generative AI Takeover List
  • Generative AI Database
  • AI Chip Database
  • AI Data Center Database
  • Cloud Database
  • Creator Economy Database
  • Creator Startup Takeover List
  • Tech IPO Tracker
  • Tech Sentiment Tracker
  • Sports Rights Database
  • Tesla Diaspora Database
  • Gigafactory Database
  • Pro Newsletter

SPECIAL PROJECTS

  • The Information 50 Database
  • VC Diversity Index
  • Enterprise Tech Powerlist
  • Kids and Technology Survey
Deep Research
TITV
Tech
Finance
Weekend
Events
Newsletters
  • Directory

    Search, find and engage with others who are serious about tech and business.

  • Forum

    Follow and be a part of discussions about tech, finance and media.

  • Brand Partnerships

    Premium advertising opportunities for brands

  • Group Subscriptions

    Team access to our exclusive tech news

  • Newsletters

    Journalists who break and shape the news, in your inbox

  • Video

    Catch up on conversations with global leaders in tech, media and finance

  • Partner Content

    Explore our recent partner collaborations

Subscribe
  • Sign in
  • Search
  • Opinion
  • Venture Capital
  • Artificial Intelligence
  • Startups
  • Market Research
    XFacebookLinkedInThreadsInstagram
  • Help & Support
  • RSS Feed
  • Careers

True Value

Below is a collection of every True Value article by The Information.
Left to right: Broadcom CEO Hock Tan, Nvidia CEO Jensen Huang, AMD CEO Lisa Su. Art: Shane Burke. Photos: Getty
True Value

Nvidia, Broadcom and AMD Face New Risks From OpenAI Deals

By Anita Ramaswamy · Oct 17, 2025 6:00am PDT · 3 comments
The deals keep coming for semiconductor firms and OpenAI. In the past month, Nvidia, Advanced Micro Devices and Broadcom have each reached very different agreements to supply chips to OpenAI. The arrangements open up all three to the risk that OpenAI, which expects to burn $115 billion through 2029, can’t afford to keep its commitments. The... The deals keep coming for semiconductor firms and OpenAI. In the past month, Nvidia, Advanced...
Oracle chairman Larry Ellison. Photo via Getty
True Value

The Magical Thinking Behind Oracle’s Valuation

By Anita Ramaswamy · Sep 18, 2025 6:00am PDT · 5 comments
For a company whose name refers to divine prophecies, Oracle hasn’t done a very good job of predicting the future. Investors, though, appear to believe in the company’s latest, most incredible forecast. The database giant last week upped its forecast for future revenue it expects to generate, based on its current contracts, by a whopping $317... For a company whose name refers to divine prophecies, Oracle hasn’t done a very good job of...
True Value

OpenAI’s $350 Billion Computing Cost Problem

By Amir Efrati and Sri Muppidi · Sep 11, 2025 9:12am PDT · 9 comments
The most popular consumer internet services usually figure out how to make money even after a decade or more of losses. Amazon, Uber, Netflix and Snap all started generating cash by raising prices or leveraging their large audiences to sell ads or other services. OpenAI’s growing audience would seem to put it in a similar position. Its... The most popular consumer internet services usually figure out how to make money even after a...
Brex CEO Pedro Franceschi, left, and Ramp CEO Eric Glyman. Images via YouTube and Getty.
Make No Mistake, Brex and Ramp Are Fintechs, Not Software Firms
By Anita Ramaswamy · Sep 8, 2025 6:00am PDT · 4 comments
Brex CEO Pedro Franceschi, left, and Ramp CEO Eric Glyman. Images via YouTube and Getty.
True Value

Make No Mistake, Brex and Ramp Are Fintechs, Not Software Firms

By Anita Ramaswamy · Sep 8, 2025 6:00am PDT · 4 comments
Fintech startups Brex and Ramp are hurtling toward initial public offerings as soon as next year as they duke it out over customers for their corporate credit cards. In the meantime, investors are getting excited about the companies’ rapid growth rates. Their numbers are impressive, but investors need to temper their enthusiasm. Ramp just passed... Fintech startups Brex and Ramp are hurtling toward initial public offerings as soon as next year...
Figma CEO Dylan Field during the company's initial public offering last month. Photo via Getty
True Value

The Funny Math Behind a Key Software Metric

By Anita Ramaswamy · Aug 22, 2025 7:31am PDT · 8 comments
The rise of artificial intelligence has turned the software industry into a minefield for investors. To address the risks, some are relying more on a metric known as net revenue retention to pick winners and avoid losers. In its simplest form, NRR, also known as net dollar retention, compares annual revenue from a year ago to now. The number can... The rise of artificial intelligence has turned the software industry into a minefield for...
Art via Mike Sullivan
True Value

AI Coding Startups Like Cursor Have Gotten Too Rich

By Anita Ramaswamy · Aug 6, 2025 6:00am PDT · 5 comments
Investors have embraced vibe coding as the next big thing in artificial intelligence. They are pouring cash into fast-growing companies offering coding assistants that can speed the work of software engineers—or potentially replace them. That optimism may be shortsighted. The companies that make AI models, such as OpenAI and Anthropic, are... Investors have embraced vibe coding as the next big thing in artificial intelligence. They are...
Dylan Field, CEO of Figma. Photo via Getty
True Value

Figma’s IPO May Be Hot, but Its Outlook Is Murky

By Anita Ramaswamy · Jul 21, 2025 6:00am PDT · 1 comment
After two blockbuster tech initial public offerings, investors are positively drooling over Figma’s upcoming listing. The design software company is expected to launch into a surprisingly hot market for tech offerings led by CoreWeave and Circle, which are up more than 200% and 600%, respectively, since they started trading. Figma boasts... After two blockbuster tech initial public offerings, investors are positively drooling over Figma...
Art by Clark Miller; images via Getty.
Why OpenAI and Anthropic Are the Best Bets in Artificial Intelligence
By Anita Ramaswamy · Jul 4, 2025 11:00am PDT · 10 comments
Art by Clark Miller; images via Getty.
True Value

Why OpenAI and Anthropic Are the Best Bets in Artificial Intelligence

By Anita Ramaswamy · Jul 4, 2025 11:00am PDT · 10 comments
There are no bargains in artificial intelligence. Investors just gave $2 billion to Mira Murati’s Thinking Machines Lab, which is five months old, has no products and produces little revenue. There is value, though, if you look closely enough. Focusing on valuation, growth rates and revenue across the AI landscape separates the reasonable values... There are no bargains in artificial intelligence. Investors just gave $2 billion to Mira Murati’s...
A OnlyFans-sponsored motorcyclist in competition in Qatar last year. Photo via Getty.
True Value

Why OnlyFans May Sell for 75% Less Than It’s Worth

By Anita Ramaswamy · Jun 13, 2025 6:00am PDT · 1 comment
OnlyFans is up for sale. The most obvious question about the porn-centric creator site is not what it will sell for, but what it would fetch if it delivered more socially acceptable content. A deeper analysis of the company, though, raises other important questions about regulations, artificial intelligence and competition. OnlyFans is up for sale. The most obvious question about the porn-centric creator site is not...
Photo via Getty
True Value

Chime’s IPO Is Coming. Here’s How to Value the One-of-a-Kind Fintech

By Anita Ramaswamy · May 26, 2025 6:00am PDT · 3 comments
Chime, a fintech that offers banking services to people with low and moderate incomes, says it aims to address the “fundamental misalignment between what’s good for banks and what’s good for consumers.” Now Chime is planning to go public, and the big question is what will be good for investors. The answer is complicated. Chime straddles the... Chime, a fintech that offers banking services to people with low and moderate incomes, says it...
True Value

TSMC Is Critical for AI, and Its Shares Are on Sale

By Anita Ramaswamy · May 14, 2025 6:00am PDT · 4 comments
Artificial intelligence depends on Nvidia’s computer chips. Nvidia depends on Taiwan Semiconductor Manufacturing Co. to make those chips. Right now, TSMC is in many ways the better way to invest in AI for the long term. TSMC and Nvidia are closely linked in business and in the stock market. Both companies’ stocks have soared on the back of the... Artificial intelligence depends on Nvidia’s computer chips. Nvidia depends on Taiwan...
Palo Alto Networks Offers a Smooth Ride in Turbulent Markets
By Anita Ramaswamy · Apr 21, 2025 10:00am PDT · 2 comments
True Value

Palo Alto Networks Offers a Smooth Ride in Turbulent Markets

By Anita Ramaswamy · Apr 21, 2025 10:00am PDT · 2 comments
If the Trump administration’s tariffs and other policies throw the economy into turmoil, cybersecurity stocks could be a safe haven for tech investors. Palo Alto Networks, one of the largest and best-diversified companies in a highly fragmented industry, has shown it can grow through slowdowns and will be relatively safe from tariffs. Palo Alto... If the Trump administration’s tariffs and other policies throw the economy into turmoil,...
Photos by Getty
True Value

Market Sell-Off Makes Amazon a Bargain Worthy of Walmart

By Anita Ramaswamy · Apr 9, 2025 6:00am PDT
Big stock market sell-offs present surprising opportunities. Here’s one: Amazon, the killer of bricks-and-mortar retail, is now much cheaper than Walmart, the king of bricks-and-mortar retail. This swap has been happening in slow motion for the past few months. President Donald Trump’s liberation day put the shift into high gear. Trump’s tariffs... Big stock market sell-offs present surprising opportunities. Here’s one: Amazon, the killer of...
Art by Mike Sullivan
True Value

CoreWeave’s Quiet Rival May Be the Better Bet

By Anita Ramaswamy · Mar 27, 2025 10:00am PDT · 10 comments
CoreWeave, the AI–focused data center company set to go public Friday, is the hottest name in both finance and tech right now. Then there’s Nebius. Nebius also builds data centers aimed at artificial intelligence. It is already listed, so there is no IPO fanfare. It is also growing fast and has almost no debt. The most surprising thing... CoreWeave, the AI–focused data center company set to go public Friday, is the hottest name...
Bumble founder Whitney Wolfe Herd has returned as chief executive. Photo by Getty
True Value

Bumble and Match Need to Woo Investors

By Anita Ramaswamy · Mar 24, 2025 6:00am PDT · 1 comment
Dating apps are looking for love. Consumers, and investors, are looking elsewhere. Bumble, Tinder, Hinge and the like were once part of the popular crowd. That’s been changing for a while now. Any lingering affection that investors had for them was wiped out last month when weak earnings, poor outlooks and declining users sent stocks tumbling. Dating apps are looking for love. Consumers, and investors, are looking elsewhere. Bumble,...
Investors Should Buy the Dip, Ride the Lyft
By Anita Ramaswamy · Mar 6, 2025 7:30am PST · 1 comment
True Value

Investors Should Buy the Dip, Ride the Lyft

By Anita Ramaswamy · Mar 6, 2025 7:30am PST · 1 comment
Investors have declared Uber the winner in its bitter ride-hailing battle with Lyft. It’s true that Uber dominates the industry, but Lyft might be the better investment right now. Uber’s success is no secret. Its customers spent a total of $163 billion on the platform in 2024, roughly 10 times the value of transactions on Lyft over the same... Investors have declared Uber the winner in its bitter ride-hailing battle with Lyft. It’s true...
Meta AI's booth at the World Economic Forum in Davos, Switzerland. Photo via Getty.
True Value

Meta’s AI May Not Be as Good for Ad Growth as Investors Think

By Anita Ramaswamy · Feb 13, 2025 6:00am PST
Meta Platforms has been this year’s artificial intelligence darling. The Facebook and Instagram parent’s shares are up roughly 24% so far in 2025, despite CEO Mark Zuckerberg’s declaration last month that the company would lift capital expenditures 60%, mostly to pay for AI development. The rally in Meta’s stock contrasts sharply with the anemic... Meta Platforms has been this year’s artificial intelligence darling. The Facebook and Instagram...
True Value

Why Seagate and Western Digital Are Sleeper AI Picks

By Anita Ramaswamy · Jan 29, 2025 6:00am PST · 1 comment
Seagate Technology and Western Digital Corp. may be best known for selling hard drives for personal computers, which means they’re likely not the first names that come to mind when one thinks of companies that will benefit from artificial intelligence investments. That mindset may be out of date. In recent years, Seagate and WDC have... Seagate Technology and Western Digital Corp. may be best known for selling hard drives for...
Marc Benioff and Larry Ellison. Photo via Getty.
True Value

Why Oracle and Salesforce Should Merge

By Anita Ramaswamy · Jan 22, 2025 7:30am PST · 4 comments
Oracle’s founder and chief technology officer, Larry Ellison, is in the center of tech action more than at any time in the past 30 years, thanks to the company’s role in artificial intelligence and TikTok. But it’s not clear that Oracle has the resources to stay in the game. Even before Tuesday’s announcement by President... Oracle’s founder and chief technology officer, Larry Ellison, is in the center of tech...
ByteDance’s Singapore office. Photo by Claudio Schwarz.
ByteDance Is a Steal Even Without TikTok
By Juro Osawa and Jing Yang · Jan 21, 2025 6:00am PST · 5 comments
ByteDance’s Singapore office. Photo by Claudio Schwarz.
True Value

ByteDance Is a Steal Even Without TikTok

By Juro Osawa and Jing Yang · Jan 21, 2025 6:00am PST · 5 comments
TikTok might have restarted operations in the U.S., but investors in the app’s parent company, ByteDance, remain in the dark about its future. For those debating buying into ByteDance shares, however, it doesn’t matter. Whatever happens, ByteDance stock is severely undervalued. Even if TikTok were to disappear entirely from the U.S.,... TikTok might have restarted operations in the U.S., but investors in the app’s parent...
1 2 3 4 5 … Next › Last »