In February 2022, Chris Fear was sitting in her car outside Scottsdale, Ariz., a couple of hours after sunset with the windows down, when she heard a manâs voice. âGet out of your car,â the man said from the darkness. Fear had spent the prior couple of hours delivering packages for Amazon, but she had gotten lost on the way to a customerâs house after Amazonâs routing software sent her... Read more âș
14
Four-year-old Deel has become one of the fastest-growing and most valuable startups by positioning itself as a way for businesses to hire contract employees anywhere in a snap. What the human resources startup doesnât talk about in its prolific marketing is the fact that the company, last valued by investors at $12 billion, has also become the exclusive way nearly a dozen websites in a high-risk corner of retail investing... Read more âș
35
Itâs time for an updated edition of âGames People Play,â one dedicated to IPO marketing. The prime example could be SoftBank and the army of bankers it has on tap that are marketing the IPO for chip design firm Arm. Theyâre doing a masterful job in manipulating what the media thinks SoftBank wants. A few weeks ago, we saw reports that SoftBank was hoping Arm would be valued at between... Read more âș
30
You may have heard about Midjourney, a generative artificial intelligence company that specializes in creating images from text prompts and visual inputs. My colleague Kate Clark today published an in-depth profile of the startup, whose founder David Holz refuses to take venture capital and hosts the service on Discord, a chat application popular with gamers. Some artists fear generative AI programs may make their work obsolete, or unfairly use their... Read more âș
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Meta Platformsâ releases of its large-language models, Llama and Llama 2, in the past six months have won the company praise for offering free, open-source alternatives to models from OpenAI and Anthropic. But for some of the scientists and engineers who worked on Llama, that praise was too little, too late. Many have quit, embittered by a previously unreported internal battle over computing resources with another Meta research team working... Read more âș
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Tomorrow, dozens of startups will take to the virtual stage to pitch their ideas as part of Y Combinatorâs iconic Demo Day, though some well-known investors have already gotten an early look at them. This year, more than 60% of the groupâor 134 startupsâare building applications or tools around artificial intelligence, mostly related to large-language models, according to YCâs startup directory. In past YC groups, the percentage of startups bucketed... Read more âș
19
Ever since David Holz founded Midjourney in mid-2021, venture capitalists have been practically begging him to take their money. On top of cold-calling and emailing Holz incessantly, some have asked his inner circle for âwarmâ introductions. Others have preemptively sent him term sheets. A lucky few have landed meetings with the 35-year-old CEO of Midjourney, which uses machine-learning models to generate uncanny, hyperrealistic images. Index Ventures partner Mike Volpi scored... Read more âș
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In 1876, millions of visitors to the Worldâs Fair in Philadelphia saw the first typewriter, the largest steam engine ever, and arguably the showstopperâthe telephone, demonstrated by Alexander Graham Bell. Seventeen years later, visitors to the Chicago Worldâs Fair witnessed Nikola Teslaâs system of alternating electric current and the âCity of Lightâ it created.Every four or so years for the last century and a half, nations have gathered in gigantic... Read more âș
22
Hi, welcome to your Weekend.This week, weâre publishing stories from near (a testosterone party in San Francisco) and far (Jessica's four-day reporting junket in China). But thereâs another story weâre tracking that is geographically close to home and psychologically close to Never Never Land. Iâm talking about the dream city of California Forever. As scooped earlier this week by the New York Times, the shadowy backers of a new urban... Read more âș
9
The chassis lurking under the skin of most cars is a pretty pedestrian thingâmostly sections of stamped and welded steel perforated with mounting points for the engine, suspension and everything else required to make the machine whole. The 3D-printed chassis of the Czinger 21C, however, has an unnervingly organic look. Imagine a car not so much designed as evolved out of a puddle of primordial goo, formed around a skeleton... Read more âș
0
A former ambulance driver was whizzing me through the rainy streets of Shanghai to meet an eight-car motorcade andâhopefullyâU.S. Commerce Secretary Gina Raimondo. Sheâd been a hard person to wrangle during her three-day diplomatic trip to China, and I had been given the smallest of windows for a face-to-face interview: just 15 minutes in the back of her vehicle, en route to an engagement. The trip had been a whirlwind:... Read more âș
0
The high-profile spat between Gemini co-founders Cameron and Tyler Winklevoss and Digital Currency Group founder Barry Silbert is poised to get even uglier. Gemini is trying to rally other creditors behind a plan to wring more money out of DCG to help pay back the more than $3.5 billion owed by its bankrupt lending subsidiary, Genesis, two people familiar with the matter said. The new proposal, viewed by The Information,... Read more âș
21
Bob Igerâs path to rescuing Disney just ran into a roadblock. Disneyâs cable channels, including ESPN, went dark on Thursday on the No. 2 cable operator, Charter Communications, amid a fight about how much Charter should pay to carry the channels. Make no mistake: This is not one of those boring cable TV industry battles that have been going on intermittently for years. This is shaping up to be a... Read more âș
0
Sometimes VCs need a therapy session. Reporters and editors, too. And so, with this weekâs episode, you get a little bit of bothâand some news nuggets on what I learned about China and AI on my quick trip to Beijing and Shanghai this week. Hope you enjoy and have a great Labor Day weekend! Spotify Apple YouTube Read more âș
0
Early one Saturday morning in August, a dozen menâa mix of startup founders, software engineers, designers and one professional Dungeons & Dragons dungeon masterâgathered inside a small San Francisco condo to get their blood drawn. Testosterone levels had been in steep decline globally, the men had learned, and they wanted to find out if they were part of the âlow Tâ epidemic. âMy pitch is to help you guys go... Read more âș
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As companies have shifted more of their computing tasks to cloud providers, their payments to Amazon Web Services, Microsoft, Google and others have become a significant cost of doing business. New updates to The Informationâs Cloud Database reveal how those payments rise and fall with those companiesâ financial results.Take Robinhood, for example. Cloud expenses at the online stock and cryptocurrency trading company fell 36% to $67 million in the first... Read more âș
0
After a flood of earnings today, from the likes of MongoDB, Broadcom and Nutanix, weâre pretty much done with techâs latest quarterly earnings season. (Next earnings season is only six weeks awayâwhoopee!) As we look back at what we learned, hereâs something thatâs worth thinking about: Price increases for enterprise software firms are likely to underwrite revenue growth in the next year or so. Various companies in the sector have... Read more âș
14
CoreWeave, a fast-growing cloud computing startup that rents specialized servers for developing artificial intelligence, has hired Morgan Stanley to sell employee stock to investors at a valuation of at least $6 billion, three times higher than its valuation in an equity financing in May, according to someone with direct knowledge. The deal involves selling about $500 million worth of existing common shares, which would represent about 8% or CoreWeaveâs stock,... Read more âș
24
More creators are joining forces to promote their work. The latest example: Bryan Reisberg and Cliff Brush, the owners of two social-media famous dogs, are collaborating on a deal to develop and promote a super-sized dog backpack. Reisberg two years ago launched Little Chonk, a line of dog backpacks, after he couldnât find a suitable carrier for his dog Maxine, a corgi with 1 million Instagram followers under the handle... Read more âș
84
Shopify is making peace with the threat posed by TikTok Shop. This week, the Canadian e-commerce software firm quietly began rolling out a way for merchants using its software to integrate more closely with TikTokâs small but growing online shopping service, according to a person familiar with the matter. The arrangement is a concession of sorts from Shopify, which sells software and services to more than 2 million online sellers... Read more âș
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Most popular sources
Tech Wire Asia
|
29% 20 |
Business Insider
|
23% 11 |
Eurogamer.net
|
6% 4 |
The Verge
|
5% 1 |
Android Authority
|
5% 1 |
| View sources » | |
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30.11.2024 05:45
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