In the last year, Nvidia’s AI chips—GPUs in technical parlance—have become the hottest commodity that people are desperate to get a hold of. Lately, we’ve seen the emergence of startups known as GPU resellers or serverless GPU providers. These startups rent GPU servers from cloud providers or other companies that own such servers, including universities and crypto miners, and rent them out to AI developers at a slight markup. The... Read more ›
27
When times get tough, companies try diversifying into new areas—efforts that can be high risk for those who lead those initiatives. Several of the people on our latest list of Free Agents can testify to that, having departed their companies after new business ventures failed to immediately pay off. Jeremi Gorman spent a year at Netflix, trying to turn the video-streaming giant into a force in the ad world, while... Read more ›
0
Since 2014, Apple has worked on a quasi-secret project it calls Titan—an effort to create an electric vehicle worthy of the company’s name. The company has cycled through four Titan leaders, changed its vision for the car, changed it back again, spent more than $1 billion in some years on the project—and still produced no EV. Adding insult to the ordeal, Apple’s vaunted tradition of secrecy has broken down, leaving... Read more ›
0
Hi, welcome to your Weekend.This wasn’t an easy week for anyone. But if you’re on a trust and safety team of a social media company, this was likely the worst week in memory. In just three days after Hamas committed its depraved terrorist attacks in Israel last Saturday, Meta reported removing nearly 800,000 pieces of content labeled as “disturbing.” That is seven times more than the daily averages over the... Read more ›
0
My hopes and dreams when I tucked into “Going Infinite,” Michael Lewis’ controversial book about Sam Bankman-Fried, were the same as they always are when reading our foremost chronicler of financial renegades and miscreants. First, I wanted to be entertained by Lewis’ honeyed prose and syrupy storytelling—the snappy character descriptions, the laugh-out-loud asides, the crystalline explanations of complicated subjects. Second, I wanted Lewis—who demystified bond trading in “Liar’s Poker,” collateral... Read more ›
12
Growing up in New Delhi, Gaurav Misra found himself surrounded by a cacophony of languages. On any given day, the software engineer, who speaks fluent English, Hindi and French, would hear a variety of dialects in Hindi, English, Punjabi and Urdu. Misra spent years learning French, which helped him grow his network of professional connections in Europe, Africa and the Middle East. Now based in New York, he believes that... Read more ›
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Earnings season is back. Banks, always the early birds, began reporting Friday and next week Netflix kicks off tech earnings season with its third quarter report on Wednesday. Big tech—Alphabet, Microsoft, Meta Platforms and the rest—don’t start reporting until the week after. But Netflix’s report will give us plenty to chew over. It will give us an update on the streaming video market, where the halcyon days of rapid growth... Read more ›
0
Sam Bankman-Fried’s former lieutenant, Alameda Research CEO Caroline Ellison, this week detailed how Bankman-Fried oversaw a massive fraud by pushing Alameda to use FTX customer funds for startup investments, political donations and loans to executives. But Ellison’s testimony also pulled back the curtain on the once-secret world of crypto lending, which underpinned the rise of FTX and Alameda. On the witness stand, Ellison described how Alameda duped firms like BlockFi... Read more ›
15
We’re excited to see everyone on October 25th and 26th at The Information's WTF Summit. Our breakout sessions are an important part of the Summit. At this year’s event, we’ll have two sets of 35-minute breakout sessions on Thursday, October 26th. Here’s a preview of this year’s topics. 10:45 AM Generative AI: The Secret Weapon for a Hybrid Workforce? As businesses embrace hybrid work models, generative AI emerges as a... Read more ›
0
Rho Technologies, a New York-based banking startup, is in talks to buy Creative Juice, a startup backed by star YouTuber MrBeast that offers upfront financing and other financial tools for creators, according to two people with knowledge of the discussions. A completed deal would mark at least the second acquisition so far this year by Rho, which has raised more than $200 million including debt from investors including Dragoneer Investment... Read more ›
9
Kleiner Perkins is leading a funding round in Together, a startup that capitalizes on artificial intelligence startups’ voracious need for specialized semiconductors. The equity financing of at least $50 million would value the one-year-old company at more than $300 million before the investment, according to people with knowledge of the deal. The deal speaks to the continued demand for AI server chips, designed by Nvidia, to develop and run large... Read more ›
18
Ryan Petersen, the recently returned CEO of Flexport, outlined a new leadership structure on Friday that includes many longtime loyalists, according to a person with direct knowledge of the reorganization, as the company seeks to recover from a steep drop in revenue. The changes, announced in an all-hands meeting held hours after Flexport laid off hundreds of people, mark Petersen’s latest move to reshape Flexport in the five weeks since... Read more ›
41
Where will news go when social media bans it? What can tech leaders and politicians say in a globalized world? Do founders have the right to ask VCs who their LPs are? The world will be changed in many ways by Hamas's horrific attacks against Israel. This week, on More or Less, we discuss and debate some of these questions business leaders are grappling with. Our hearts are with everyone... Read more ›
0
Several top executives at Chime, the once-highflying online banking startup whose growth has lately slowed, are heading for the exits. Beth Steinberg, Chime’s chief people officer, is planning to leave the company, she told The Information. She follows out the door general counsel Kate Karas, who stepped down in August, and Chief Technology Officer James Barrese, who departed in September and is now the senior vice president of fintech development... Read more ›
9
The final round of GeoGuessr’s World Cup qualifiers was a tense watch for fans of the game, which challenges players to precisely locate a completely random location on Earth, as seen on Google Street View. It had all boiled down to two players and one picture: a narrow tarmac road flanked by two sloping banks of snow, with only a hint of shrubbery poking through. It could have been anywhere.... Read more ›
13
Now more than ever, the creator economy is a global economy. That was a key takeaway from the third-quarter update to our Creator Economy database, which now tracks more than 460 startups that have raised more than $13 billion in venture funding since early 2021. Creator-focused startups raised more than $472 million in the third quarter, down only slightly from the second quarter. Granted, funding dropped 24% from one year... Read more ›
0
In the U.S., all eyes are on OpenAI and Google’s battle for supremacy in generative artificial intelligence. In China, where the government blocks those companies’ internet services, a parallel race is heating up among domestic giants, even as the Chinese firms face growing restrictions on their access to American chips needed for AI. A key competitor is Baidu, China’s version of Google, which has been focusing on AI longer than... Read more ›
15
The brief revival of the IPO market may be petering out, thanks to a spate of disappointing offerings lately. But the M&A market, at least for enterprise software firms, seems to be coming to life—even if the valuations are a little painful for sellers. On Thursday, for instance, Atlassian said it would swallow up video messaging firm Loom for $975 million, 36% below Loom’s most recent valuation of $1.5 billion,... Read more ›
0
Music startups are still in tune for creator economy investors. Fave, an app for music fans to connect with artists and each other, said it had secured $2 million in funding. It’s trying to raise an additional $4 million for the round, which would bring its total funding to $8 million. The company said existing investors including Female Founders Fund, Warner Music Group and Sony Music had returned for this... Read more ›
0
If you've been a reader of The Information for several years now, you remember the wave of SoftBank Vision Fund investments that dominated our headlines. From WeWork to construction startup Katerra, the high-profile blow-ups were worthy of an Apple TV series!After enduring stain after stain on its reputation, the Vision Fund went into hiding and SoftBank’s infamous leader Masayoshi Son focused his energy on ensuring that Arm, the chipmaker that... Read more ›
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Most popular sources
Tech Wire Asia
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29% 4 |
Business Insider
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29% 1 |
Android Authority
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5% 1 |
Eurogamer.net
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4% 0 |
Mashable
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4% 1 |
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29.11.2024 16:37
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