Bryan Rosenblatt, a partner at Craft Ventures, is planning to leave the firm at the end of the year to start his own investment firm, according to two people with direct knowledge of the matter. Rosenblatt’s departure continues the trend of experienced investors leaving their jobs to ... Read more ›
0
I’ve been hearing a lot about how intense competition is for Series A investments lately. Investors that typically look to invest in more mature startups, say at the Series B or above rounds, are crowding into Series A rounds for fear of missing the next major winner.Like much else these days, artificial intelligence gets the credit (or blame) for this new dynamic. Venture capitalists are watching revenues triple or quadruple... Read more ›
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Meta Platforms CEO Mark Zuckerberg and his wife, Priscilla Chan, are restructuring their philanthropy, the Chan Zuckerberg Initiative. The charity on Thursday said it would now focus on using artificial intelligence to research disease and combine its scientific teams into a new organization, ... Read more ›
12
While artificial intelligence agents continue to generate mixed results, depending on how much assistance customers get from their AI vendors, some of them have gained a new skill: negotiating software contracts.Over the past year, data management startup Cribl has been using an AI agent from procurement software startup Zip that reads Cribl’s contracts, determines when it may be overpaying and automatically drafts emails to vendors asking for lower prices. Read more ›
0
Brian Benedict, former sales chief at AI startup Hugging Face, is co-founding a new consulting firm, called Eliza, that aims to help large companies get practical value from OpenAI’s ChatGPT and other AI services. In an interview, Benedict said Eliza, which works with OpenAI customers, isn’t ... Read more ›
0
Soumith Chintala, who co-created Meta Platforms’ open-source machine learning library PyTorch, is leaving the company, according to three people with direct knowledge of the matter. He joined Facebook in 2014, according to his profile on LinkedIn. Chintala also worked on artificial intelligence ... Read more ›
0
Warner Bros. Discovery, which is currently on the market, reported weak third quarter results that highlights the challenges facing the aging entertainment giant. WBD’s revenues fell 6%, while profits—excluding interest, taxes, depreciation and amortization—rose 2%. WBD’s Warner Bros. film ... Read more ›
0
SpaceX is buying another $2.6 billion worth of wireless spectrum licenses from telecommunications firm Echostar, building on a separate $17 billion deal announced in September. Echostar said Thursday it will receive $2.6 billion in SpaceX stock in exchange for the spectrum, which will help the ... Read more ›
0
Meta internally projected that 10% of its revenue last year, or $16 billion, came from ads promoting fraudulent products or schemes, Reuters reported this morning. These include ads for fake products, sextortion schemes or crypto scams. Reuters cited an internal document prepared in December ... Read more ›
0
It’s not every day one of the world’s most valuable companies asks the U.S. government for assistance, but these aren’t ordinary days. On Wednesday, OpenAI CFO Sarah Friar suggested at a Wall Street Journal event that the federal government ought to guarantee the financing of AI chips. Come again?“We’re looking for an ecosystem of banks, private equity, maybe even governmental, the ways governments can come to bear,” she said. “The... Read more ›
0
Sierra Space reached for the stars but never got off the ground. The privately held company burned through much of the $1.7 billion it raised in large part to build a space plane for NASA called Dream Chaser that has never flown into orbit. Now Sierra is seeking about $300 million in fresh funding to pivot from primarily building a space shuttle to a more promising opportunity: riding the boom... Read more ›
15
Nvidia CEO Jensen Huang said China will win the artificial intelligence race because of the country’s lower energy costs and looser regulations. Speaking on the sidelines of a Financial Times conference in London, Huang said the U.S. government’s new rules on AI could lead to dozens of new ... Read more ›
0
OpenAI CFO Sarah Friar said Wednesday that government guarantees for financing artificial intelligence chips could help the U.S. stay competitive globally. “We’re looking for an ecosystem of banks, private equity, maybe even governmental, the ways governments can come to bear,” she said at a ... Read more ›
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Japanese conglomerate SoftBank Group explored a potential acquisition of chipmaker Marvell Technology earlier this year, according to a report in Bloomberg. Marvell and Softbank are not in active negotiations, according to the report. A deal would have been the largest in semiconductor buyout in ... Read more ›
2
Wall Street is getting jittery about corporate investment. DoorDash stock slumped as much as 20% in after-hours trading after the food-delivery service revealed it expects to “invest several hundred million dollars more” in upgrading its technology and expansion next year than it did this year. Given that DoorDash generates a couple of billion dollars a year in free cash flow, you wouldn’t think this statement would send investors running for... Read more ›
0
DoorDash stock slumped as much as 20% in after-hours trading after the delivery firm revealed it expects to “invest several hundred million dollars more” in upgrading its technology and expansion next year than it did this year. The investment is to unify the technologies used by the ... Read more ›
0
Snap shares soared more than 20% in after hours trading after the social media company reported a slight acceleration in revenue growth to 10% in the third quarter as well as a new partnership with Perplexity. The AI startup will pay Snap $400 million over one year, through a combination of cash ... Read more ›
0
Decagon, which develops AI for automating customer service, is discussing raising equity funding from new investors at a valuation of $4 billion to $5 billion, according to two people with direct knowledge of the deal. The discussions come just five months after the company announced financing at a $1.5 billion valuation. The deal discussions suggest investor interest is still high for one of the most promising and increasingly crowded fields... Read more ›
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Ripple said it raised a $500 million strategic investment at a $40 billion valuation from investors led by Fortress and Citadel Securities, as it builds out relationships with traditional financial firms. Ripple provides crypto payments and issues a stablecoin, called RLUSD. It is also the ... Read more ›
0
Apple is finalizing a plan to use Google’s artificial intelligence model to power an overhauled version of its Siri voice assistant, according to Bloomberg. Instead of building a large language model in-house to power a new Siri, Apple has been evaluating several external models over the past ... Read more ›
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Most popular sources
Business Insider
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21% 2 |
Tom's Hardware
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13% 10 |
The Verge
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9% 3 |
Gizmodo
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7% 8 |
Vox
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6% 6 |
| View sources » | |
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16.12.2025 22:46
Last update: 22:35 EDT.
News rating updated: 05:40.
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