Shares of database provider Snowflake jumped more than 19% in the wake of its report after dropping less than 1% in regular trading. Investors seemed to be encouraged that the company sailed well past its earlier quarterly product revenue projections and raised its full-year ... Read more ›
0
A new, ultracheap battery, a $233,000 electric supercar and a big five-year deal for iron-based batteries all deliver a single, pointed message—a fresh threat to Western auto and battery manufacturers already struggling to compete with their Chinese rivals. Read more ›
0
We live in a consumer-driven economy—consumer spending accounts for two-thirds of the U.S. GDP. Yet Carta recently reported that just 7% of seed capital raised on the site last year went to consumer companies, the smallest share since 2018. Andreessen Horowitz meaningfully cut its consumer investing team and folded it under its finance investing lead partner. Lerer Hippeau, another venture firm once focused on consumer companies, is investing more in... Read more ›
24
On February 28, 2024, The Information published an article “Apollo Names Partner to Lead Its $100 Billion Climate Push.” The article did not meet The Information’s editorial standards and has been retracted. Any links to it have been disabled. Read more ›
0
Big news tonight in the enterprise software sector—and we’re not talking about Salesforce introducing a dividend (although that’s notable). No, the real headline is an AI-inspired changing of the guard at Snowflake, until recently a fast-growing enterprise software hotshot whose 2020 IPO turned into a blockbuster. Snowflake CEO Frank Slootman is retiring, to be succeeded by Sridhar Ramaswamy, a former longtime Google executive who joined Snowflake last year through the... Read more ›
1
TikTok’s rise has put the spotlight on short, snackable content, but I’m hearing more and more buzz about how long-form is making a comeback. For some, it never left. Ben Gilbert and David Rosenthal, friends and former colleagues at venture capital firm Madrona, started their podcast “Acquired” in 2015, before it was common for investors to host podcasts and moonlight as creators. The duo has expanded their episodes from 30... Read more ›
2
TikTok once depended on the music industry to provide the soundtrack for its viral lip-syncing and dancing videos. But TikTok’s leaders have decided the app just doesn’t need those relationships the way it once did. Multiple times over the past two years, TikTok executives told employees handling music on the platform that one of the app’s record label deals was within weeks of expiring, according to four people employed by... Read more ›
0
Private equity firm Apollo Global Management has tapped a partner in its infrastructure investment unit, Brad Fierstein, to lead investments and lending to clean energy businesses in areas like electric vehicles and solar panels, according to two people close to Apollo. The hiring comes as part of a broader leadership reshuffling at Apollo following the abrupt termination of Dylan Foo, former head of infrastructure, in August. Launched in April last... Read more ›
9
Venture capitalists’ wallets are still open for artificial intelligence startups. But as the field has gotten more crowded, some startups that are raising new capital have leaned on metrics that don’t exactly scream confidence in their business prospects. They include the number of AI PhDs on staff, how many Nvidia AI chips the company has, and a fuzzier measure of potential revenue.Some of this behavior reminds VCs of WeWork. The... Read more ›
8
As Google grapples with the backlash over the historically inaccurate responses on its Gemini chatbot, Meta Platforms is dealing with a related issue. As part of its work on the forthcoming version of its large language model, Llama 3, Meta is trying to overcome a problem perceived in Llama 2: Its answers to anything at all contentious aren’t helpful. Safeguards added to Llama 2, which Meta released last July and... Read more ›
3
Maybe Apple should cancel multibillion-dollar projects more often! Shares of the iPhone maker, which have fallen since the start of the year, rose nearly 1% Tuesday after Bloomberg scooped the news that Apple had canned Project Titan, its decade-old autonomous car project. As a Morgan Stanley analyst said in a research note, the Bloomberg report, “if true, would be a positive development.” The analyst said he hadn’t put any value... Read more ›
0
Visa is stepping up its efforts to become more synonymous with the creator economy, from utilizing creators heavily in marketing to servicing their payments needs.“It’s been the gold rush for creators. Everyone’s like, ‘Hey, up in those hills are a bunch of creators who have a lot of reach and big audiences,’” said Frank Cooper III, chief marketing officer at Visa. Creators are “not only delivering the information, they’re the... Read more ›
0
European Union regulators are probing whether Microsoft is preventing its customers from buying security software that competes with Microsoft’s, according to a document the EU sent to at least one rival in January. It’s the latest sign of growing scrutiny from policymakers, especially in the EU, of Microsoft’s fast-growing cloud business and its practice of bundling products. Regulators from the European Commission, the agency that enforces the EU’s antitrust laws,... Read more ›
0
In a letter to YouTube creators earlier this month, YouTube CEO Neal Mohan shed light on the emerging challenges artificial intelligence poses to creators. “AI should empower human creativity, not replace it,” he wrote. “Everyone should have access to AI tools that will push the boundaries of creative expression.” Some creators are plainly worried about being replaced, even more so since OpenAI released Sora, its text-to-video tool. In an interview... Read more ›
49
TikTok has shaken up its senior ranks, replacing several senior executives including the person running its trust & safety unit, which handles content moderation, and appointing a protege of CEO Shou Zi Chew to oversee that part of the business, according to people at the company and a memo distributed to staff. The shakeup comes weeks after Shou testified before Congress about how TikTok deals with content that could be... Read more ›
21
First, some news. As generative AI has seeped into a number of industries, from law to healthcare, industry-specific large language model startups have proliferated, as we showed in this analysis. But I was still surprised to come across a startup working to apply AI in a traditionally unsexy field: construction.Parspec, a startup that uses AI to help distributors of lighting and electrical equipment, recently raised $11.5 million in seed funding... Read more ›
0
Beauty company Glossier was an Instagram-fueled breakout star of the mid-2010s, winning over shoppers and investors alike with its promise to reinvent the stodgy, slow-moving beauty industry. But today, as a host of younger makeup brands made famous on TikTok nips at its heels and the trends it helped start now dominate the industry, Glossier’s CEO, Kyle Leahy, is trying to reinvent the one-time direct-to-consumer darling. “We’re not a tech... Read more ›
0
Today just may have been the most important day for the future of tech. We’re talking about the Supreme Court arguments regarding Florida and Texas state laws that curb the freedom of tech companies such as Meta Platforms and Google to moderate content on their own platforms. Judging from the coverage by the news outlets present at the hearing—see here, here and here—the court correctly perceived the complexities of the... Read more ›
16
An up-and-coming video-generation startup—and its new investors—may get more than they bargained for when it comes to competition.AI-powered video startup Genmo is set to raise at least $30 million in funding from NEA, according to 3 people familiar with the situation. Word of the fundraising follows OpenAI’s preview of a new video generation model dubbed Sora, which sent AI enthusiasts on X into a tizzy and put a damper on... Read more ›
28
When BedRock Systems co-founder Bob Tinker was recently searching for a venture loan to provide extra cash for his cybersecurity startup after it raised a Series A round funding round, he approached a gaggle of lenders specializing in that type of financing: Comerica, HSBC and Stifel as well as Silicon Valley Bank, now operating as a division of North Carolina–based First Citizens Bank. “They were all pretty good, pitching different... Read more ›
0
For four years, Mujeeb Ijaz has argued that the world needs a mainstream-priced electric vehicle with 600 miles of driving range. While that seemed excessive to rivals—much greater than the 300 or so miles that most motorists consider sufficient—Ijaz argued that few were considering how people really drive and how EVs really perform. Real people turn on the heat or air conditioning, Ijaz said. They punch the accelerator, slam on... Read more ›
0
Most popular sources
Business Insider
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23% 0 |
Tech Wire Asia
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22% 16 |
CNET
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9% 6 |
Gizmodo
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5% 2 |
The Verge
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5% 4 |
| View sources » | |
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28.11.2024 07:48
Last update: 07:40 EDT.
News rating updated: 14:41.
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