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Sports jersey seller Fanatics was one of the few high-profile private commerce companies to dodge a valuation collapse in 2022 when interest rates began rising. But as its growth has slowed, investors have started to sour on its prospects, with four mutual funds marking down their stakes in Fanatics by an average of 14% in the first half of the year.
According to data compiled by Caplight, funds also made fresh valuation cuts for StockX and Goat, two online marketplaces that sell sneakers, sports memorabil
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The Information
Musk said SpaceX plans to launch five uncrewed Starship rockets to Mars in 2026, followed by the first manned missions either two or four years later. Read more ›
4,583 fresh
Scalpers are already selling the PlayStation 5 Pro 30th Anniversary preorders on eBay. Read more ›
620 fresh
Researchers have analyzed dozens of videos amassing millions of views on TikTok that feature the trend. Read more ›
606 fresh
The Category 4 hurricane made landfall near Perry, Florida, just east of the mouth of the Aucilla River, on Thursday night. Read more ›
427 fresh
Kimberly Wilkerson is a Californian who moved to Austin. She stayed for 2 ½ years but moved back to California to be near family. Read more ›
402 fresh
Custom chocolates are within reach for home hobbyists with the Cocoa Press 3D printer. The new 2.0 version delivers faster prints and hardware upgrades. Read more ›
389 fresh
Van Gogh's "The Starry Night" seems to capture a phenomenon known as turbulence, scientists showed by applying mathematics to the painting. Read more ›
377 fresh
Nasrallah took over as leader of Hezbollah in 1992 after Israel assassinated the group's previous leader and cofounder Abbas al-Musawi. Read more ›
317 fresh
With Lexus, Toyota showed that German vehicles weren't the only ones capable of offering luxury, and the iconic 2JZ engine powered some of those models. Read more ›
316 fresh
“So full. So filled.” | Image: Disney This week, I’ve been slowly catching up on Dark Matter; I’m about 20 hours into Paper Mario: The Thousand-Year Door on the Switch; and I’m still trying to work a trip to the movie theater into my schedule to see Beetlejuice Beetlejuice. I’m behind, in other words! And this week’s trailers shoveled so much more onto my need-to-watch pile, from the next Marvel... Read more ›
274 fresh
72 percent of players reported an "uplift in mood" whilst playing PowerWash Simulator. Read more Read more ›
269 fresh
Japan Airlines announced free domestic flights for tourists booking round-trip international flights from the US and other select countries. Read more ›
248 fresh
Researchers built an entirely edible transistor using Copper (II) Phthalocyanine (CuPc), the same tooth—whitening pigment used in toothpaste. Read more ›
228 fresh
Falaise, which means "cliff" in French, was built by Harry Guggenheim in the 1920s. Read more ›
218 fresh
The new text messaging options in iOS are great, but did you know you can change the beam of your flashlight? Check out these lesser-known iOS 18 features. Read more ›
204 fresh
After five months in Charleston, South Carolina, Morgan and Dawson Mitchell moved to Louisville, Mississippi, to help build their financial future. Read more ›
190 fresh
Lieutenant General Alexander Sollfrank said NATO was considering using hospital trains and buses to transport injured troops in such a scenario. Read more ›
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Atlus says it is "aware there is an optimisation issue" with ReFantazio - Prologue's demo on Steam. Read more Read more ›
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The Information
Last fall, members of OpenAI’s board of directors had had enough of the rumblings inside the artificial intelligence startup about CEO Sam Altman’s management style. They began questioning staffers, including Chief Technology Officer Mira Murati, about how Altman operated, including his tendency to pit other leaders against each other. They worried that those tendencies, left unchecked, could hurt OpenAI’s ability to retain key researchers and executives. A year later, those... Read more ›
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In case you missed it, my colleagues broke news yesterday about Anthropic’s attempt to draft off OpenAI’s pending fundraising, by looking to do its own funding round. Like OpenAI, Anthropic wants to double its valuation. Whether it can do so despite weaker financials remains to be seen! On to today’s issue… It’s been a while since Microsoft told the world anything about its development of generative artificial intelligence that could... Read more ›
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Two years ago, a behind-the-scenes giant in U.S. financial markets went live with one of Wall Street’s biggest and most ambitious blockchain initiatives. Known as Project Ion, the effort aimed to use blockchain to revolutionize settlement of stock trades, when buyers fork over the cash and get share certificates. Firms ranging from big banks like JPMorgan Chase to trading app Robinhood got involved. But it didn’t catch on, a person... Read more ›
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Sports jersey seller Fanatics was one of the few high-profile private commerce companies to dodge a valuation collapse in 2022 when interest rates began rising. But as its growth has slowed, investors have started to sour on its prospects, with four mutual funds marking down their stakes in Fanatics by an average of 14% in the first half of the year. According to data compiled by Caplight, funds also made... Read more ›
21
Creators played a big role at Meta’s annual developer conference last year, when Instagram unveiled a line of artificial intelligence-powered chatbots styled after celebrities. Meta scrapped that experiment earlier this year, in favor of helping influencers make their own chatbots.Meta is now expanding these chatbots beyond text messages. Creators using Meta’s free AI Studio software in the U.S. will be able to make realistic video avatars modeled on themselves that... Read more ›
21
Meta CEO Mark Zuckerberg previewed a new feature on Wednesday that will allow creators to make realistic video avatars modeled on themselves that speak and listen to fans who visit the creators’ accounts on Messenger, Instagram and WhatsApp. Zuckerberg demonstrated the technology at Meta ... Read more ›
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Telegram’s founder and CEO Pavel Durov said that the private messaging app will start sharing the IP addresses and phone numbers of users who violate its terms of service with “relevant authorities in response to valid legal requests.” Telegram’s encrypted messaging has made the app a magnet for ... Read more ›
16
Between OpenAI’s long-awaited Strawberry launch and its monster ongoing fundraising, it might be easy to forget about Sora, a video-generating model it teased in February to global fanfare. A number of investors told me at the time that the impressive Sora demos cast a worrying shadow over the gaggle of competing AI video startups that had raised hundreds of millions in venture capital. Those concerns may have eased: six months... Read more ›
15
Helping artificial intelligence companies improve the accuracy of their large language models is turning into a giant business for Scale AI, which labels data for big AI developers like Meta Platforms and Google. Scale nearly quadrupled its sales to almost $400 million in the first half of the year compared with the same period last year, according to people familiar with the figures. Scale is among the privately held firms... Read more ›
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Last fall, Satyajeet Salgar, the director of product management and user experience at Google AI, was huddled outside his kids’ Palo Alto, Calif., elementary school with a group of parents who were there for a class performance. The parents began talking about their kids’ favorite shows, and the conversation landed on the topic of Mark Rober, a YouTuber. Each of the parents discussed watching videos made by Rober—a former NASA... Read more ›
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Most popular sources
Business Insider
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57% 3 |
Gizmodo
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9% 6 |
CNET
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5% 1 |
Vox
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5% 2 |
Tom's Hardware
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4% 2 |
| View sources » | |
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28.09.2024 14:15
Last update: 14:05 EDT.
News rating updated: 21:12.
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