Anthropic, OpenAI’s largest startup competitor, has started talking to investors about raising capital in a deal that could value the startup at $30 billion to $40 billion, roughly doubling its valuation from a funding that closed early this year, according to an existing investor who spoke to company leaders. Anthropic, which generates revenue from selling access to its Claude conversational artificial intelligence, is taking the temperature of investors in the... Read more ›
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Last week, as Amazon’s annual gathering of online sellers was kicking off at the Seattle Convention Center, Temu staffers held an invite-only happy hour just a couple of blocks away to pitch Amazon merchants on joining the fast-growing bargain site over sliders and an open bar. That kind of wooing may seem like a serious threat for Amazon, given outside merchants account for the majority of its online sales. But... Read more ›
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Startup investors have been scurrying lately to come up with new ways to turn their investments into cash, given that the conventional paths to cashing out—the startup goes public or gets acquired by a bigger tech firm—are much harder to pull off nowadays. Some investors are hoping private equity firms snap up their companies. Others are trying to find willing buyers for their stakes in the secondary markets. Then there’s... Read more ›
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A lot happened toward the end of last week. For starters, OpenAI CEO Sam Altman showed once again that he's a master of fundraising. Despite what seemed like a lack of investor enthusiasm just a few weeks ago, Altman appears to have gotten enough demand to raise more than $6 billion for the ChatGPT creator, at a roughly $150 billion valuation, according to Kate. That's nearly double its valuation from... Read more ›
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Parker Conrad is excited. Eager to demonstrate a corporate travel booking tool his company, Rippling, is about to introduce, Conrad opens his laptop and shows off a page that has the kind of flight and hotel selection layout familiar to anyone who has used Google Flights. “Let me show you some stuff,” he said. His company, which sells an intertwined bundle of human resources, information technology and finance software tools... Read more ›
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The U.S. Commerce Department is set to propose rules as soon as Monday banning the use of Chinese software and hardware in autonomous and connected vehicles, Reuters reported on Saturday. President Joe Biden earlier this year had launched an investigation into whether vehicles from China ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Bling it on! The AI startup turning shoppers into jewelry designers• Power and Influence: How Ron Conway went from playing in local San Francisco politics to helping oust Joe Biden• The Top 5: The best resources for whistleblowers • Plus: Why helicopter parents are ruining their kids; AI as fan fiction; and, finally, a real Elon exposé! When the Warriors begin their... Read more ›
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Shortly after Libby Liu joined Whistleblower Aid as CEO in spring 2021, the legal nonprofit got a new client: Frances Haugen, a former Facebook product manager who, with the organization’s help, would soon become quite famous (or infamous—depending on your point of view). Founded in 2017, Whistleblower Aid is dedicated to supporting whistleblowers by providing a slew of resources—including legal representation, mental health services, physical security and a comprehensive media... Read more ›
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Video conferencing company Zoom is reducing the amount of stock it uses to compensate employees, following similar moves by enterprise software firms Salesforce and Workday, according to Bloomberg. Shares of those companies have performed badly compared to broader stock indices this year. CEO ... Read more ›
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Just after Marc Andreessen and Ben Horowitz surprised the tech world by backing Donald Trump for the presidency a few months ago, liberals took glee in the fact that the two venture capitalists made the political equivalent of an investment no-no: They bought at the top of the market. After their endorsement, Joe Biden dropped out, paving the way for Kamala Harris, who is running slightly ahead of Trump in... Read more ›
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Qualcomm approached Intel in recent days to express interest in buying the beleaguered chip maker, according to the Wall Street Journal. The approach follows Intel’s statements that it was looking at numerous options to turn around its flagging chip design business and money-losing chip ... Read more ›
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Microsoft signed a deal to restart a nuclear power plant at Three Mile Island in Pennsylvania to power its rapidly expanding data centers for artificial intelligence computing, the companies said Friday. Microsoft will purchase energy from a plant known as TMI Unit 1, which shut down in 2019 for ... Read more ›
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As early morning darkness still covered the Mediterranean, Ron Conway’s phone started to blow up. The billionaire venture capitalist was asleep on a yacht off the Italian coast. But six time zones away in Atlanta, President Joe Biden was self-immolating in a live TV debate against former President Donald Trump. When Conway awoke, he wasted no time and fired off emails and text messages to the friends, colleagues and other... Read more ›
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A year after Meta Platforms introduced its artificial intelligence assistant, a picture is emerging of how people are using it—and how that differs from usage of OpenAI’s ChatGPT, the leading conversational AI. Most people who use Meta AI daily do so through WhatsApp, according to a person who has seen recent internal data; the second biggest group arrives from Facebook. Few Instagram users are tapping Meta AI. Among monthly users,... Read more ›
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When I met Mariam Naficy last week, she couldn’t wait to show me her new jewelry. She had designed the earrings she was wearing herself. And her bracelet. And her ring for good measure. Technically, Naficy—whose keen eye for e-commerce trends led her to found the early online makeup retailer Eve.com and Minted, which makes custom holiday cards and wedding invites—had a little help with the creation of her accessories.... Read more ›
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Smart money and digital media don’t always mix well. Just ask KKR. Five years after the private equity firm, together with the Canada Pension Plan, bought a roughly 49% stake in German media giant Axel Springer, parent of Business Insider and Politico, the two investors are fleeing the scene.That might be hyperbolic. Technically what’s happening is that Axel Springer is breaking in two. KKR and the Canadians will walk away... Read more ›
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Surely if you’re a reader of this newsletter, you know by now that OpenAI is in late-stage talks to raise a mammoth funding round that could value it at $150 billion. What you may not know is that the company has asked investors to fork over a minimum of $250 million, according to people with knowledge of the terms. To recap, OpenAI is closing in on a new financing of... Read more ›
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Disney said it would stop using messaging app Slack after a hacking group in July claimed to have obtained internal data from its Slack channels, including computer code and details on unreleased products, the Wall Street Journal reported. It’s a blow to Slack owner Salesforce, which featured ... Read more ›
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It’s been quite the summer for MrBeast—and not in a good way. The latest: He and Amazon were hit with a class action lawsuit this week from five unnamed contestants on the upcoming $100 million reality competition show “Beast Games.” They cited a wide array of complaints, ranging from sexual harassment during the production to lack of overtime pay. MrBeast declined to comment and Amazon didn’t respond to a request... Read more ›
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TikTok’s global head of marketing, Kate Jhaveri, is leaving the company at the end of September, according to a message from Zenia Mucha, TikTok’s head of global brand and communications. Mucha will take over marketing effective Sept. 23 in addition to her current role, she told employees. ... Read more ›
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Most popular sources
Business Insider
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30% 5 |
Wired
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16% 8 |
Gizmodo
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8% 3 |
Vox
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6% 3 |
Android Authority
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6% 1 |
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15.11.2025 09:26
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