Forward, a startup that raised $400 million to operate artificial intelligence-powered “doctor in a box” healthcare stations, is shutting down effective Tuesday, according to a person close to the company. All of its nearly 200 employees will lose their jobs, the person said. The San Francisco startup, started in 2017 by former Google employee Adrian Aoun, wanted to make healthcare visits more accessible with staffed clinics and automatic services. It... Read more ›
113
MatX, a two-year-old startup developing a server chip for artificial intelligence, is looking to raise between $75 million to $100 million in new capital, according to a pitch deck viewed by The Information and an investor with knowledge of the deal. The company’s target valuation could not be ... Read more ›
0
Khosla Ventures has raised a $405 million special purpose vehicle to invest in OpenAI’s $6.6 billion funding round, according to a person close to the firm and a regulatory filing. The SPV will consist of capital contributed by both Khosla and outside investors, the person said. Venture ... Read more ›
0
Coatue Management, an early and substantial backer of TikTok parent ByteDance, has shelved its earlier plan to sell part of its stake in the Chinese tech giant, at least for the moment, The Information reported on Friday. In August, The Information reported that Coatue was considering selling ... Read more ›
0
You certainly can’t accuse Wall Street of being taken in by a glitzy presentation, at least not this week. Elon Musk’s big robotaxi reveal on Thursday night went down like a lead balloon with investors today. Tesla shares fell 9%, while shares of Uber, whose business is theoretically at risk from a Tesla robotaxi, rose nearly 11% to $86. That puts Uber stock a few dollars above where it was... Read more ›
31
TikTok has set aside $1 billion for future fines from regulators in Europe, according to a corporate filing in the U.K. from the ByteDance-owned company. One potential hefty fine could be coming soon, as The Information previously reported. Irish regulators are preparing a draft ... Read more ›
0
The Information’s annual summit for women in tech, media and finance is a wrap! This year’s sold out conference in Napa Valley included leaders from Amazon, Google, J.P. Morgan, Salesforce, PagerDuty, Instacart, Block, Airbnb and many more. In case you missed some of the coverage, here is your weekend WTF reading. Artificial intelligence is the steel thread that ran throughout the two days’ sessions. Google’s head of search Liz Reid... Read more ›
0
JPMorgan CEO Jamie Dimon said geopolitical tensions are “treacherous and getting worse” and that the bank was preparing for a situation that could have “far-reaching effects on both short-term economic outcomes and more importantly on the course of history.” The gloomy outlook came as the bank— ... Read more ›
0
On the night of Sept. 21, a group of Black entrepreneurs, investors and Congressional Black Caucus members navigated a labyrinth of gated security to reach a megamansion with views of the Las Vegas Strip. Their hosts: venture capitalist Ben Horowitz, his wife Felicia and Rep. Steven Horsford, chair of the Democratic congressional group. As guests mingled by the Horowitzes’ wraparound pool, their discussions focused on cryptocurrency, artificial intelligence and how... Read more ›
0
Until Julie Gao joined ByteDance as chief financial officer two years ago, she was one of the highest-profile initial public offering lawyers in Asia. Over the course of 20 years, she helped take public a succession of Chinese tech giants, including JD.com, Temu parent PDD Holdings and Meituan. The one company Gao hasn’t been able to take public, though, is ByteDance, one of the world’s most valuable private tech companies. Read more ›
1
Tesla CEO Elon Musk said the company would release Robotaxis costing less than $30,000 in 2026, though he stopped short of promising the vehicles would be fully autonomous, describing them as “highly optimized for autonomous transport.” Musk also said the company would sell $20,000 humanoid ... Read more ›
3
It’s become well understood that the high-stakes political world more closely mirrors the satire “Veep” than the prestige-draped “The West Wing.” Behind the pomp, circumstance and power are humans who, like all of us, are prone to bumbling mistakes.   The same thing can be said, it seems, about highly choreographed, stealthy corporate activist investors. Case in point today: Starboard, one of the largest such firms, had its $1 billion activist... Read more ›
2
A federal judge in Virginia on Thursday denied domain registrar GoDaddy’s effort to dismiss an antitrust lawsuit alleging that the company deterred its customers from using software tools made by a competitor. Entri, a startup that helps domain owners connect their websites to software tools ... Read more ›
0
The boom in artificial intelligence funding has extended into the healthcare sector, where startups are developing generative AI tools to improve patient care.Abridge, a six-year-old startup that uses AI to transcribe doctors’ conversations with their patients, is raising $250 million at a valuation of $2.5 billion before the investment, according to people familiar with the deal. Elad Gil, a prolific solo fund manager and a co-founder of Color Genomics (now... Read more ›
0
Toptal, a hiring startup that connects companies with technical freelance workers such as developers and engineers, has laid off a significant number of workers, according to LinkedIn posts by employees who said they were laid off and people who said they lost their jobs. The layoffs affected ... Read more ›
0
Earlier this year, when healthy-bagel startup BetterBrand was looking to raise more capital, things seemed to be going well. The firm told investors revenue was on track to roughly double this year, and it was expanding into Europe. But founder and CEO Aimee Yang thought the company should be valued at between $250 million and $300 million, above the $170 million valuation the firm had secured in mid-2023 from investors... Read more ›
0
Investing giant Fidelity Investments is laying the groundwork to launch a money market fund that may trade on a blockchain in the future. It’s the latest effort by a big traditional money manager to explore using the technology to speed up financial transactions and widen the audience for its products. Fidelity on Sept. 26 filed paperwork with U.S. securities regulators to outline its plans, a move that has not previously... Read more ›
0
Ahead of Hurricane Milton’s landfall in Florida, some local creators decided to stay put—and use the natural disaster as an opportunity to capture some prime viewership. These terrifying videos of wind-whipped trees and troubled skies are hard to pass up. But they also show creators playing to the internet’s worst instincts.“Shit is looking dicey,” said Morgan Roos, a TikTok creator with 1.5 million followers, who is based in Tampa and... Read more ›
0
Marketing software vendor HubSpot has struck a deal to buy Cacheflow, which sells a billing product for businesses, for roughly $100 million, according to a person with direct knowledge of the situation. The acquisition, which could be announced as soon as Friday, will help HubSpot expand its ... Read more ›
19
Amid a roomful of Silicon Valley elite this week, a Clinton made a rousing call to action by recounting a tragedy: the story of Amanda Zurawski, a young Texan woman left infertile after a botched abortion procedure. “This is what we’re doing to women in America,” said Chelsea Clinton, daughter of Bill and Hillary, founder of Metrodora Ventures, a New York venture firm, and vice chair of her family’s Clinton... Read more ›
0
Federal regulators hit TD Bank with about $3 billion in fines after the firm pleaded guilty to widespread money-laundering breaches that allowed criminals to easily open accounts and move money through the bank for nearly a decade. The penalties, issued by FinCEN, the Office of the Comptroller ... Read more ›
0
Most popular sources
Business Insider
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31% 15 |
Mashable
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12% 10 |
Gizmodo
|
9% 4 |
Eurogamer.net
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7% 6 |
Tom's Hardware
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6% 0 |
| View sources » | |
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24.11.2024 15:59
Last update: 15:50 EDT.
News rating updated: 22:50.
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