It’s back to the races for artificial intelligence startups that require billions of dollars—and the investors that want to own a piece of their growth. OpenAI’s $6.6 billion capital raise and startups’ high computing costs have sparked new funding discussions between AI startups—including xAI, Anthropic, Perplexity and ElevenLabs—and investors hoping to kick-start deals. In some cases, pressure to close investments before the holiday lull sets in has added urgency. Read more ›
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Cerebras Systems, a $4 billion-valuation semiconductor designer taking on Nvidia, stands out as one of the few tech startups aiming to list its shares publicly this year, trying to capitalize on investor interest in hardware that powers artificial intelligence. What may dampen some of the fervor is another unusual detail: Its co-founder and CEO, Andrew Feldman, was convicted for an accounting fraud felony nearly two decades ago. Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Why women in tech are sounding an alarm• Power and Influence: The tangled web behind the VC who wants to be mayor• Plus: Terrors from a storm; Netflix escapism; and a podcast with Tom Hanks and chimpanzee butts. Silicon Valley grudgery really can devolve into such absurd performativity. Take, for example, the very public reconciliation efforts lately undertaken by  Palmer Luckey, the... Read more ›
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In 2015, many San Franciscans were furious with startups like Airbnb as they depleted the city’s housing supply and pushed rent in the city to some of the highest levels in the country. Mark Farrell—a venture capitalist then serving as a city supervisor and now a leading candidate in San Francisco’s current mayoral contest—wasn’t one of them. Farrell co-authored legislation with then-Mayor Ed Lee establishing new rules for short-term rental... Read more ›
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China-founded Shein is hosting informal roadshows in London and New York this and next week in preparation for the company’s initial public offering on the London Stock Exchange, according to a person familiar with the company. Shein’s elusive CEO Sky Xu and CFO Leigh Gui have been meeting with ... Read more ›
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Google on Friday said that it would stop linking to news content in New Zealand if the country passed a law to make platforms like Google and Facebook pay media outlets. In a blog post, Google said it would also discontinue its current partnerships with New Zealand media outlets. New Zealand is ... Read more ›
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Ben Horowitz told employees at the venture capital firm he co-founded that he planned to donate to Vice President Kamala Harris’ run for president, an about-face from his own position–and that of his co-founder Marc Andreessen—to support former President Donald Trump. In a note to staff, which ... Read more ›
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It looks like Amazon has finally realized most people go to grocery and convenience stores to browse and shop—not to be wowed by technology. Case in point: Amazon is closing more of its futuristic cashierless convenience shops and launching mini Whole Foods stores that are comparatively low tech. When Amazon opened its first Go store to the public in 2018, it touted the grab-and-go Just Walk Out technology as the... Read more ›
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Kalshi, a prediction market startup, went live with its betting market that allows U.S. users to bet on who will win the November presidential election on Friday after a favorable court decision. A federal appeals court on Wednesday rejected the Commodity Futures Trading Commission’s emergency ... Read more ›
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Meta Platforms on Friday unveiled a series of artificial intelligence-powered tools for generating videos, editing videos and creating audio. The tools, called Movie Gen, are not yet publicly available, but the company plans to integrate them in its social media apps next year. A Meta ... Read more ›
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There wasn’t any one thing that led to the slow death of Girls in Tech, a standard-bearer nonprofit that provided Silicon Valley women with the kind of mentorship and training opportunities that men took for granted. First, the pandemic struck, and donors shifted their attention to health and science causes. Then the Black Lives Matter movement prompted donors to shift their focus to groups that were more obviously working on... Read more ›
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Alphabet’s self-driving robotaxi unit Waymo struck a deal to incorporate electric cars made by Hyundai in its fleet, the two companies announced on Friday. The deal comes as Waymo’s robotaxi business is expanding. It is available to anyone in San Francisco, Phoenix and Los Angeles ... Read more ›
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Amazon closed three of its Go convenience stores in New York last week, a company spokesperson confirmed, leaving just two locations in the city and 17 nationwide. It’s the latest example of Amazon trimming its retail footprint as the company continues to search for a winning formula in physical ... Read more ›
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Publishers are happy that the Department of Justice sued Google over its control of online display advertising. But some would have preferred to have seen the case brought five or six years ago—when the gap between what publishers and the tech giants generate from online ads was not as wide as it is today. Publishing executives say they might have had a chance to build the ad tools that could... Read more ›
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We’re excited to see everyone on October 7th and 8th at The Information's WTF Summit. Our breakout sessions are an important part of the Summit. At this year’s event, we’ll have two sets of 35-minute breakout sessions on Tuesday, October 8th. Here’s a preview of this year’s topics. Connected Experiences: What the Future of Smart Living Looks Like 1:15 PM From consumer tech to robotics, hear from industry leaders about... Read more ›
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U.S. startups raised $37.5 billion in the three months ended in September, up 8% from the year-ago, driven by larger deals and investments in artificial intelligence, according to data from PitchBook and the National Venture Capital Association. That’s a slowdown from the 59% rise in the second ... Read more ›
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On the public markets, the idea of companies that are burning cash also spending money on stock buybacks is a giant no-no. Yet for some reason, private tech investors are willing to give startups a pass for doing the same thing. Exhibit A is OpenAI, which we reported wants to use some of the $6.6 billion in cash it raised in its recent fundraising to buy shares from employees. That’s... Read more ›
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It’s reasonable to ask that your VC backers not fund your greatest competitors. In the past, avoiding such rival investments was the norm! Still, OpenAI’s private request of its backers, that they avoid investing in other artificial intelligence model makers, stands out. Increasingly investors have been funding rival AI businesses as a way to hedge their bets. They’re likely to keep doing so, that is unless they’ve aligned themselves with... Read more ›
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UK banking startup Revolut has urged Meta to shoulder the costs of reimbursing victims of bank fraud after the social media platform launched an initiative to allow banks to share transaction data with the company to clamp down on financial crimes. Revolut head of financial crime Woody Malouf ... Read more ›
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When ShopMy first launched in 2020, it looked a lot like the popular creator startup LTK. Both help creators to set up personalized links to shopping pages they could share on social media sites, giving them a way to earn commissions from brands by promoting products.  ShopMy, whose backers include Inspired Capital and AlleyCorp, initially focused on signing up creators and generated revenue by taking a cut of sales when... Read more ›
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Most popular sources
Business Insider
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30% 15 |
Mashable
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12% 10 |
Gizmodo
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9% 4 |
Eurogamer.net
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7% 6 |
CNET
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6% 3 |
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24.11.2024 15:32
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