We don’t hear much about Apple and the creator economy except when creators—or the platforms that host them—complain about the Apple App Store fees that cut into their earnings. That makes Apple’s launch Monday of multiple features aimed at helping creators all the more remarkable, even if the individual products are fairly standard. The iPhone maker said podcasters will now be able to view the number of free trial subscriptions,... Read more ›
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Bloomberg LP made a sweeping overhaul of its top ranks, naming a new CEO, president and chief financial officer, and said it would build a new board of directors chaired by former Bank of England governor Mark Carney, according to an internal memo seen by The Information. JP Zammitt will become president of Bloomberg LP, Patti Roskill will become the chief financial officer and Vlad Kliatchko will become the new... Read more ›
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It’s no secret politicians are worried about artificial intelligence. And while AI executives suggest they’re just as concerned, they may have another agenda in creating that perception.Recent proposed federal legislation with cheery names like the “Block Nuclear Launch by Autonomous Artificial Intelligence Act of 2023” or the “Artificial Intelligence and Biosecurity Risk Assessment Act,” suggest a possible future in which criminals use AI to launch nuclear bombs or create chemical... Read more ›
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At most companies, employees report up to the CEO. At Oracle, many of the most important executives report to Larry Ellison, the company’s co-founder, chair and chief technology officer. Several current and former Oracle employees said Ellison oversees all of the software giant’s product and engineering groups, including its cloud infrastructure business and its cloud-based software as a service applications. Read more ›
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On Aug. 10, Norwegian battery maker Freyr Battery announced a dramatic shake-up: CEO Tom Jensen stepped aside and became executive chair, effective today, replacing founder Torstein Sjøtveit, who retired. In the same announcement, the board said it was moving Freyr’s headquarters from Luxembourg to the U.S.Investors hardly noticed, but the moves offer insight into the West’s challenge to China’s dominance of the electric vehicle and battery industries. This was plain... Read more ›
0
When Instacart executives begin their initial public offering pitch to investors as early as next week, they face a challenge. Order volume in Instacart’s core grocery-delivery business is barely growing, new data reveals, although the company is showing revenue expansion by keeping more of the dollars spent on each order and from a fast-growing ad business. How investors react to that mixed picture will determine the valuation Instacart scores in... Read more ›
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Some of China’s most prominent venture capitalists are U.S. citizens or green-card holders. That could soon become a problem for their firms. President Joe Biden’s executive order last week, limiting certain American investments in China, could also curtail the activities of Chinese investment firms whose leaders are U.S. citizens. The order prohibits U.S. citizens and permanent residents from investing in sensitive areas of technology—including semiconductors, quantum computing and artificial intelligence Read more ›
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Janine Sickmeyer, the founding partner at seed and pre-seed firm Overlooked Ventures, was trying to find a low-tech way to occupy her four kids under age 8. She, like many of her Silicon Valley peers, aims to keep her young children off screens as much as possible. “Even though I’m a tech entrepreneur and investor in tech, I always try to keep my kids away from it,” she said with... Read more ›
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Hi, welcome to your Weekend.There’s been a lot of bed-wetting down in Southern California this summer about the dangers of the artificial intelligence boom. Maybe bed-wetting isn’t fair: The Hollywood actors who are striking, in part, over how their AI-generated likenesses will be scanned, stored and monetized, have valid concerns. And they certainly can’t trust their studio minders to do right by them.However, it’s telling that a growing number of... Read more ›
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Nearly four years after its bombastic public debut and two years after it was initially supposed to ship, Elon Musk’s curveless, futurama Cybertruck is finally crawling off production lines and into the hands of its first test drivers. Recent sightings in the wild (one Tesla blog likened the model to a “modern-day Bigfoot”) have given would-be Cybertruck customers hope that deliveries could follow soon. (The company has said full-scale production... Read more ›
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Next week is promising to be action-packed for tech news, with earnings coming from some notable enterprise software names—Nvidia, Snowflake and Zoom Video. There will also likely be IPO filings from Instacart, according to Bloomberg, and Arm, according to various outlets. The IPO market seems to be awaking from its slumber. The IPO filings will be worth reading for their financial details on the companies, although the important trends for... Read more ›
0
This was a fun “More or Less” episode. I enjoyed listening to Sam and Dave reminisce about some of their, shall we say, less successful investments. I then asked Sam for his strategy in venture capital. I was bemused by the answer. Later in the show, we moved to another tricky topic: the future of the not-so-global internet. Hope you enjoy. Links below. Spotify Apple YouTube Read more ›
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In 2008, while working with Will Smith on the set of a film that never ended up getting made, Remington Scott had an epiphany. The visual effects director was watching Smith stand in a photogrammetry booth, with dozens of cameras capturing the actor’s facial features from every possible angle. “Every single major star on that level, they go in and they get scans,” Scott said. Visual effects artists then translate... Read more ›
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Disney CEO Bob Iger has said he’s looking for strategic partners to help launch a streaming version of the ESPN cable channel. One key distributor, Verizon, has already thrown its hat into the ring. The telecom giant has been in touch with Disney about potentially partnering on a new ESPN streaming service, according to people familiar with the matter. Verizon CEO Hans Vestberg has made no secret of his openness... Read more ›
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For the creator economy, it’s a moment of what economists call creative destruction. Six startups in our Creator Economy Database have been acquired this year, and three others have shut down. At the same time, entrepreneurs continue to form new companies aimed at creators and investors continue to back them. To that end, we added sixcompanies to the database over the past two weeks, showing the continued energy in the... Read more ›
0
CoreWeave, a fast-growing cloud computing provider that rents access to Nvidia’s hard-to-get artificial intelligence chips, has raised more than $2.7 billion in debt and equity this year to obtain more chips and space in data centers. Now CoreWeave may be feeling growing pains. The company recently lowered its projected revenue and capital expenditure for the year, according to documents viewed by The Information. In April, the company told investors it... Read more ›
0
I’ve got a book that all founders—and probably most everyone else—should read. It’s called “Quit: The Power of Knowing When to Walk Away” by Annie Duke. And it’s suited to this moment. The news of later-stage companies fundraising at dramatically lower valuations continues with The Information’s scoop today about Ramp. Read more ›
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By now, it’s no news that Threads has lost much of its initial buzz. Daily active users on the Android version of the Meta Platforms-owned app fell 79% to 10.3 million as of August 7 from a peak in early July, according to data analytics firm SimilarWeb. One problem: even creators, who tend to put in the time and effort to figure out new social apps, are saying they’re getting... Read more ›
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Meta Platforms is preparing to launch software to help developers automatically generate programming code, a challenge to proprietary software from OpenAI, Google and others, according to two people with direct knowledge of the product. Meta’s code-generating artificial intelligence model, dubbed Code Llama, will be open-source and could launch as soon as next week, one of these people said. The new coding model rivals OpenAI’s Codex model and builds on Meta’s... Read more ›
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Microsoft has hitched its wagon to OpenAI when it comes to selling artificial intelligence that can understand language and write emails, meeting summaries and slide decks. Now Microsoft has found a second horse to ride in the AI race: Databricks, which has positioned itself as a kind of anti-OpenAI. Microsoft plans to start selling a new version of Databricks’ software that helps customers make AI apps for their businesses, according... Read more ›
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Most popular sources
Business Insider
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46% 20 |
Android Authority
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6% 1 |
Gizmodo
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6% 2 |
Tom's Hardware
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5% 1 |
Engadget
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5% 3 |
| View sources » | |
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30.11.2024 11:42
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