At 6:30 a.m. on a crisp Napa morning, over 30 of Americaâs most powerful women broke into teams to extract a target balancing precariously inside a minefield. The target was an 80-pound punching bag; the mines were a mix of cones, mats, mace bars and superbands strewn throughout a field to create an obstacle course. The womenâa mix of CEOs, founders, vice presidents, managing directors and other roles typical of... Read more âș
17
A curious disconnect has fractured the world of tech investing. The market for initial public offerings has stayed stagnant for the third straight year, with bankers projecting a below-average number again next year. The stock market, meanwhile, is at all-time highs, led by big tech stocks like Nvidia, Meta Platforms and Apple. âYou would think there would be more IPOs,â said Denny Fish, a San Franciscoâbased tech investor at asset... Read more âș
55
Tesla CEO Elon Musk has secretly been in contact with Russian President Vladimir Pusk since 2022, reported The Wall Street Journal, which cited current and former U.S., Russian and European officials. The talks ranged from the personal to the political. In one instance, Putin asked Musk to ... Read more âș
0
One of the developments I didnât predict at the start of the year was the rise in support for Donald Trump among members of the tech eliteâlike Elon Musk.  Musk aside, thereâs no question that Silicon Valley elites are more politically divided than they have been for at least the last 20 years I have reported on them. The Valleyâs most famous investing duoâAndreessen Horowitzâare throwing their weight behind opposing... Read more âș
0
President Joe Biden on Thursday published the first national security memorandum on how government agencies should adopt artificial intelligence, as well as how they should police the private companies developing the technology. The memo encouraged agencies such as the Department of State, ... Read more âș
0
New venture capitalists are climbing a wall of skepticism when they raise new funds, particularly as they compete with established firms like General Catalyst, which just raised $8 billion. Even veterans of some of the most successful startups are finding it tough.That was the case for Chris Koh, co-founder of Korean e-commerce giant Coupang. He set out to raise a debut venture fund for his firm, HRZ Han River, in... Read more âș
1
A Phoenix area chip plant run by the worldâs top manufacturer, Taiwan Semiconductor Manufacturing Co., is producing usable chips at a better rate than comparable facilities in the companyâs home country of Taiwan, an executive said Thursday in a webinar, according to a Bloomberg ... Read more âș
0
On Thursday, The Information released its annual list of the 50 Most Promising Startups, which included six companies focused on providing services for creators and consumers.  We chose companies that we think have the potential to be the most valuable businesses in their sectors based on our reporting, including their revenue and growth prospects. The 50 companies we selected have raised less than $100 million each or started operations in... Read more âș
0
Arjun Sethi, a co-founder of venture capital firm Tribe Capital, is expected to be named co-CEO of cryptocurrency exchange Kraken, working alongside its existing CEO, Dave Ripley, according to two people familiar with the matter. Kraken, founded in 2011, is one of the biggest and oldest U.S. crypto exchanges, and its executives have talked about going public for years. But it has been dwarfed in terms of market share by... Read more âș
0
General Catalyst, a 25-year-old venture firm, has raised approximately $8 billion across several funds, the firm announced today, its biggest funding haul to date, indicating investor exuberance for experienced firms. General Catalyst last raised a fund in 2022, which was a $4.6 billion haul. ... Read more âș
0
Videos of celebrity chef Gordon Ramsay making a chaotic mess in a kitchen went viral in the U.S. on TikTok, Instagram and X over the past month. The short clips were generated by a Chinese artificial intelligence video-generation app called Hailuo. Hailuo, developed by Shanghai-based startup MiniMax, is one of several Chinese AI video-generator apps that have shown up in the U.S. lately, taking on American startups like Runway and... Read more âș
0
Last yearâs entries in The Informationâs 50 Most Promising Startups have been masterful fundraisers, even as global venture funding has slipped in 2024 compared with last year. At least 21 of the companies our reporters selected a year ago have raised additional funding since then. At least 10 have either raised more than $100 million or been valued at more than $1 billion, growing too large to consider for our... Read more âș
0
Over the past week, artificial intelligence developers have posted rave reviews on X and Reddit about the quality of Nemotron, a series of large language models Nvidia built using Meta Platformsâ open-source Llama model.The buzz about Nemotron rekindled questions about whether the race between open- and closed-source models is tightening. The short answer seems to be noâbut not necessarily because thereâs a big difference in quality between closed and open... Read more âș
0
Keurig Dr Pepper is buying a 60% stake in energy drink and supplement brand Ghost, the companies announced Thursday, as large food and beverage companies look to strike more deals with emerging brands. Keurig will initially pay around $990 million for a 60% stake in Ghost, which was founded in ... Read more âș
0
IBMâs revenue grew just 1% to $15 billion in the three months ending in September compared to the year prior, the company said on Thursday. The sluggish growth was primarily due to a slowdown in its consulting business, which makes up more than a third of IBMâs revenue. CFO Jim Kavanaugh ... Read more âș
0
Artificial intelligence has accomplished many things, but few are as dramatic as the way it has supercharged investing in startups. Just look at the recent headlines: OpenAI raised $6 billion at a valuation of $157 billion. Anthropic is looking to raise funding at a valuation of $40 billion. That posed challenges for our reporters seeking promising but little-known startups for this yearâs edition of The Information 50âthe fifth installment of... Read more âș
0
Apple CEO Tim Cook is in China for a second time this year, promoting the companyâs products to Chinese consumers and showing his support of the Chinese economy. Cook on Wednesday told the head of Chinaâs Ministry of Industry and Information Technology, Jin Zhuanglong, that Apple planned to ... Read more âș
0
Tesla surprised Wall Street with strong profit margins and a projection that it would sell a record number of electric vehicles this year, confounding predictions of a sales decline. Shares rose 12% in after-hours trading. Tesla said its gross profit margin in the quarter was 17.1% excluding ... Read more âș
0
Today Elon Musk had some good news to report about Tesla for a change. The electric vehicle makerâs third-quarter results on Wednesday were the strongest in 12 months, with a return to growth in auto revenues after two quarters of decline and the revelation that the Cybertruck had turned profitable. Tesla even projected it would finish this year with âslight growthâ in vehicle deliveries, which implies sales growth accelerates in... Read more âș
8
ServiceNow, whose subscription software helps companies manage their computer hardware and software, on Wednesday reported solid revenue growth in the third quarter, but artificial intelligence features didnât seem to move the needle. It also appointed Google Cloud executive Amit Zavery as ... Read more âș
0
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Financial Times
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13% 12 |
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10% 4 |
Tom's Hardware
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7% 3 |
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24.11.2024 04:30
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