Goldman Sachs has made changes to how it handles Apple Savings transactions in an effort to resolve problems some customers had experienced when making withdrawals, according to people familiar with the matter. Some Apple Card customers who flocked to new Apple Savings accounts after they launched in April found it difficult or impossible to withdraw money from them, The Information previously reported. The reason: Goldman’s system was so sensitive to... Read more ›
3
This week, we took advantage of Brit and Dave's deep expertise in all things Apple for a fun episode about the company's new products, the state of hardware and how Apple will fare in the AI era. I loved hearing Brit share an anecdote about Steve Jobs. You'll know why when you hear it. And, of course, we got a few good product tips and More or Less debates in... Read more ›
0
Thrive Capital is raising $300 million from California Public Employees' Retirement System, adding a marquee investor at a time when venture investors are finding it harder to raise money, according to a person with direct knowledge of the matter. The addition of CalPERS, which manages $463 billion, marks the pension plan’s first investment in a flagship fund raised by the New York venture capital firm founded by Josh Kushner. Rather... Read more ›
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Orlando Bravo may be the face of Thoma Bravo, but he’s not the only one calling the shots. The hard-charging, helicopter-riding managing partner has become the most recognizable person at the software-focused private equity firm. But he’s surrounded by a cadre of trusted executives who help oversee Thoma Bravo’s massive $131 billion of assets and decide where to deploy its resources. Read more ›
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In February 2021, a Mormon film producer named Jeffrey Harmon returned home to Provo, Utah, raving about an exclusive gathering he’d just attended in Austin, Tex. He’d been invited by an old friend, Stephen Oskoui, who ran Austin-based venture capital firm Gigafund alongside Luke Nosek, a founding partner of Founders Fund and a member of the famed PayPal mafia. According to sources close to Harmon, the event was attended by... Read more ›
0
Since we last wrote in detail about our Generative AI Database, we’ve added 14 companies to our catalog, including text-to-presentation startup Tome and voice-generator startup Resemble AI. A tie binds several of these firms: Ten use Amazon as their cloud computing provider. Read more ›
0
Meta Platforms built a $114 billion-a-year advertising juggernaut by tailoring ads to Facebook and Instagram users based on what they liked, posted or bought on the company’s apps. Now, under mounting pressure from regulators around the world, Meta is backing away from that approach. In the EU, users can now choose to see ads based only on basic personal data such as age, gender and general location. Meta is also... Read more ›
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These days I often read things that stop me in my tracks. In challenging economic times, the ugly truth often comes out. But upon reading Cory’s excellent account of how Instacart’s former CEO clashed with Sequoia Capital this morning, one line almost made me spill my morning coffee. "Some investors close to Instacart, like Sequoia, Andreessen Horowitz, D1 and Valiant Capital, plan to buy more shares in the IPO, backing... Read more ›
0
Google has given a small group of companies access to an early version of its highly anticipated conversational artificial intelligence software, according to three people with direct knowledge of the matter. Giving outside developers access to the software, known as Gemini, means Google is getting close to incorporating it in its consumer services and selling it to businesses through the company’s cloud unit. Gemini is intended to compete with OpenAI’s... Read more ›
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On Elon Musk’s first day as the new owner of Twitter, later renamed to X, he secretly met with one possible candidate who could help him run the company: Kayvon Beykpour, according to a new biography of Musk by Walter Isaacson out this week. Beykpour co-founded livestreaming app Periscope. Twitter acquired his company in 2015, but shut it down six years later due to fizzling usage. He was most recently... Read more ›
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Nvidia’s corporate development team must be exhausted. They’ve inked roughly 20 deals this year, according to financial data firm PitchBook and The Information’s reporting. For comparison, once-prolific VC investor Tiger Global Management has done about 30 startup deals this year.We’ve seen this movie before. In 2020, during an unprecedented fintech boom, I chronicled Stripe’s investment spree. One boom-and-bust cycle later, Stripe has taken a big step back from VC deals—making... Read more ›
14
Flexport’s revenue fell nearly 70% in the first half of the year to $700 million and the company burned through cash, people familiar with the company’s financials said. The decline shows how the SoftBank- and Andreessen Horowitz-backed logistics startup’s performance has been deteriorating rapidly amid a broader freight market collapse. The plunge underlines the cyclical nature of businesses like Flexport, and the drop was taking place as recently ousted CEO... Read more ›
0
On Wednesday morning, dozens of U.S. senators and tech executives including OpenAI’s Sam Altman, Meta’s Mark Zuckerberg and xAI’s Elon Musk filed into the Kennedy Caucus Room just north of the U.S. Capitol. The chamber has held hearings on the sinking of the Titanic, the bombing of Pearl Harbor and the Watergate scandal, but this time it was used to tackle a very different topic: artificial intelligence.The six-hour, closed-door event... Read more ›
0
Earlier this year, as some of the less die-hard crypto investors and entrepreneurs began distancing themselves from that turbulent sector, Paradigm—one of the largest venture firms specializing in crypto—also seemed to wobble. In May, Paradigm scrubbed any mention of crypto from the homepage of its website and Twitter bio, changing its description to a “research-driven technology investment firm.” That sparked an uproar among investors and founders, who accused the firm... Read more ›
36
North Carolina-based Albemarle, the world’s most valuable lithium producer by market cap, hopes to boost its global production of the metal more than threefold by the end of the decade. But the company expects just 30% of its output to qualify for subsidies under the Inflation Reduction Act, Eric Norris, the company’s president for lithium, said Wednesday. That’s because most of Albemarle’s—and the world’s—lithium is refined in China, whose material... Read more ›
0
By far, the two biggest winners of Instacart’s long-awaited initial public offering next week will be the grocery company’s largest individual shareholder, co-founder and former CEO Apoorva Mehta, and its largest venture backer, Sequoia Capital. Mehta’s profit from the listing stands to be more than $780 million, while Sequoia could make more than $1 billion. More than two years ago, the relationship between Mehta and Sequoia’s former boss Michael Moritz... Read more ›
0
Bankers working on Arm Holdings’ much-watched initial public offering huddled on Wednesday to spar over how to determine the most important part of the deal: At what price are they going to sell shares when the SoftBank-owned chip designer goes public tomorrow? Like a Vatican smoke signal, push alerts and headlines across the business press blared a price tag late Wednesday afternoon. The company was prepared to price its IPO... Read more ›
0
For the past year, Pinterest management has pushed to make the digital scrapbooking app a shopping destination, not just a place to browse ideas and share digital vision boards. On Wednesday, CEO Bill Ready trotted out stats to illustrate how Pinterest’s revitalized e-commerce bent was working. But unlike a year ago, its efforts will increasingly compete with new rival TikTok. At Pinterest’s advertising summit, Ready said engagement with shopping content... Read more ›
11
Venture funding to crypto startups is down significantly compared to last year, when it seemed like a new crypto unicorn was crowned every day. And the pace of fundraising by venture investors has cooled dramatically too. The first half of last year saw a string of big crypto fund launches. In March, Haun Ventures announced it raised $1.5 billion across two funds. That same month, Electric Capital said it raised... Read more ›
0
We’ve got news about an artificial intelligence startup that’s part of the recent trend of back-to-back funding rounds.Together, a startup providing developers with compute and software to train and run open-source AI models, is in talks with venture firms to raise up to $60 million in new funding, which would be its third financing event in nine months, according to three people with direct knowledge of deal discussions who spoke... Read more ›
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Tech Wire Asia
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Business Insider
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Android Authority
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5% 1 |
Mashable
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4% 1 |
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30.11.2024 00:39
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