4 place 17

479 IVP’s Risky Perplexity Bet; CRV Funds Salestech Startup; OpenAI’s First-Mover Hangover

The Information
Stephanie Palazzolo @ The Information 3 place · 10/25/2023 10:00 EDT

IVP’s Risky Perplexity Bet; CRV Funds Salestech Startup; OpenAI’s First-Mover Hangover

If you’re tired of digging through piles of websites and adding “Reddit” to the end of your Google searches, you may want to take a look at this red-hot AI-powered search engine startup—which now has the backing of yet another VC.Perplexity, whose search engine product competes with OpenAI’s ChatGPT and Google’s Bard, is raising around $50 million in funding from IVP at a post-investment valuation of $500 million, Kate Clark and I reported on Tuesday. The latest deal more than tripled the startup’s valuatio

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Mistral AI launches new content moderation API

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Last year, the board of now-collapsed fintech startup Synapse Financial Technologies discussed whether to remove the company’s CEO, Sankaet Pathak. At the time, discrepancies in Synapse’s ledgers were piling up, which the board was aware of. Andreessen Horowitz General Partner Angela Strange argued in favor of keeping Pathak in the role based on the belief that founders were best placed to run their companies, according to a person close to... Read more

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Rocket Drew @ The Information · 11/25/2024 21:54 EDT

Gavin Newsom, California’s Democratic governor, announced on Monday that he would reinstate a tax credit for electric vehicle purchases if the incoming Trump Administration removes federal EV tax credits. But the state may not extend the credits to Tesla because of the company’s large market ... Read more

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The Information
Qianer Liu @ The Information 1 place · 11/26/2024 09:00 EDT

If Taiwan Semiconductor Manufacturing Co. had its way, the chip manufacturing powerhouse would be a neutral party in the battle between the U.S. and China for technological supremacy—a semiconductor version of Switzerland, one TSMC executive told The Information. Unfortunately, the company may find it increasingly tough to avoid picking a side. Last month, the U.S. Commerce Department launched an investigation into whether TSMC was still producing chips for Chinese tech... Read more

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Rocket Drew @ The Information 2 place · 11/26/2024 17:11 EDT

Uber announced a new service on Tuesday to help companies label their data and train artificial intelligence models. Through the new service, Scaled Solutions, Uber will hire data labelers on contract to provide companies with human-written annotations, such as descriptions of images or rankings ... Read more

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Catherine Perloff @ The Information · 11/26/2024 17:15 EDT

The judge overseeing Google’s search antitrust case warned that he doesn’t want to delay the upcoming trial of remedies to deal with Google’s illegal search monopoly, now scheduled for the spring. At a status conference for the case on Tuesday, the judge said the incoming presidential ... Read more

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Ann Gehan @ The Information · 11/22/2024 13:51 EDT

The consumer holding company Helen of Troy announced Thursday it would acquire nail care brand Olive & June, a notable deal as M&A activity for beauty startups remains slow. Helen of Troy will pay $225 million in cash for the brand, as well as a future $15 million earnout depending on ... Read more

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Theo Wayt @ The Information · 11/22/2024 14:36 EDT

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