Andy Rubin, creator of Android and a former Google executive, has launched a new startup focused on humanoid robots, said a person with direct knowledge of the venture. His venture is the latest addition to the red-hot and frothy humanoid space, crowded with companies ranging from Tesla to startups such as Figure AI. Rubin’s startup, Genki Robotics, is based in Tokyo, where he is currently living, according to the person.... Read more ›
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This week I spoke to Andreessen Horowitz general partner Anish Acharya and Initialized founder Garry Tan about a two-year-old startup financial services startup they’ve backed: The Coterie, which sells software to help wealthy individuals, fund managers and institutional investors manage their investments in venture capital funds and other alternative assets.It seems like a tough time to grow a business focused on selling software to venture investors, given that VC firms... Read more ›
19
This holiday season, many creators have jumped into the e-commerce fray on TikTok, promoting products through livestreams and other videos. But while TikTok Shop, the video app’s new e-commerce feature, is available in the U.S., U.K. and much of Asia, TikTok still hasn’t launched it in the European Union—and hasn’t said when, if ever, it will. One possible factor: a looming EU law that’s set to put serious restrictions on... Read more ›
2
As Amazon prepares to put commercials on Prime Video in early 2024, it can make a compelling pitch to U.S. advertisers. Using its vast amounts of shopper data, Amazon can target video ads at the people most likely to bite. But in Europe, Amazon will soon be required to ask customers for consent before it uses their shopping data for its video ads, almost certainly limiting the amount of ad... Read more ›
13
Sam Altman’s sudden ouster and revolving-door return as CEO of OpenAI was the result of a boardroom power struggle between Altman and board members like Helen Toner who raised concerns about the unbridled power of artificial intelligence. The debacle shows that when a board is not aligned with the objectives of management and investors, chaos ensues. What comes next for OpenAI will require extreme statesmanship from Altman and surgical implementation... Read more ›
8
There’s something ironic about publishing a story on early-stage AI startups struggling to raise money and, over the next two days, writing about a one-year-old legal AI startup landing a $700 million post-investment valuation and a Xoogler-founded AI startup nearing a $2 billion price, as Natasha and I did yesterday. But these stories don’t contradict each other. Instead, a “tale-of-two-cities” narrative is playing out as generative AI hype has reached... Read more ›
0
For Google, it was a moment to savor its apparent triumph over the doomsayers. Last week, the company released the first version of a much anticipated new artificial intelligence technology called Gemini, nearly a year after some critics predicted that OpenAI’s ChatGPT could kill Google’s search dominance. Google leaders had managed to get competing factions inside the company to start working together on an answer to OpenAI, defying those who... Read more ›
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In September, Ford halted construction of a $3.5 billion gigafactory meant to produce the batteries to power 2 million electric vehicles a year, explaining that it was reassessing the economics of the plant. As a result, we lowered our assessment of the Marshall, Mich., plant’s likelihood of being built; in our Gigafactory Database, we now list the plant as “uncertain.” Today we’re adding an important caveat: If we had such... Read more ›
0
Glean, a startup founded by former Google search engineers that uses OpenAI’s large language models to help workers search through their companies’ internal data, is in talks with investors to raise at least $200 million at a $2 billion pre-money valuation, according to two people with knowledge of the discussions. Kleiner Perkins, which also invested in three earlier rounds for Glean, is discussing co-leading the latest funding, according to one... Read more ›
0
When an online shopping site cuts 11% of its staff two weeks before Christmas, you know something’s up. This should be the happiest time of the year for Etsy, an online marketplace that today was promising “Last-minute gifts at every price!” Instead, the firm joined a growing list of businesses laying people off in recent days—including Spotify last week and toy maker Hasbro on Monday. Tougher economic times caused by... Read more ›
0
During the pandemic, Serena Kerrigan livestreamed her dates on Instagram every week, introducing a new prospective mate each time. Over the course of 2020, she dated 50 people. The series, called “Let’s F—ing Date,” won her an audience that now totals 600,000 followers on TikTok and nearly 200,000 on Instagram. In September of that year, she started selling a card game named after the series, featuring dating questions and prompts.... Read more ›
0
This past year saw a weak and wobbly ad market. Ad buys are down or are being reallocated. Streaming services are under pressure to turn a profit. And while artificial intelligence is proving to be a boon to the industry, some concerns are arising as new regulations take hold. What’s the outlook for ad media in 2024? Sahil Patel, reporter for The Information, asked three media experts to take out... Read more ›
12
Etsy is laying off roughly 11% of its workforce, a spokesperson confirmed, as the e-commerce site that helps small businesses sell handmade goods grapples with a slowdown in consumer spending and increased competition from competitors like Shein and Temu. The cuts will affect roughly 225 employees. Etsy has seen revenue growth slow sharply over the past three years, as the pandemic’s e-commerce boom faded and customers flocked to sites offering... Read more ›
0
OpenAI isn’t the only artificial intelligence powerhouse with a peculiar governance structure. Anthropic, the Amazon- and Google-backed developer of Claude, a chatbot rival to ChatGPT, also has its quirks. Anthropic is a public benefit corporation, and some seats on its board of directors are controlled by a group called the Long Term Benefit Trust. The Trust owns special shares that allow it to select directors but do not give it... Read more ›
0
This week, several companies staked out new ground in the latest forefront of AI research: trying to prove that their models can do more with less. On Monday, the French AI startup Mistral—fresh off its $415 million funding round—published a new model called Mixtral 8x7B. The model, which is open-source, quickly racked up plaudits from AI researchers for its ability to match the quality of GPT-3.5 on some benchmarks despite... Read more ›
0
Chinese tech giant ByteDance might have set Facebook owner Meta Platforms on its heels with its hugely popular TikTok app. But ByteDance is now retreating from its effort to compete with Meta in the virtual reality headset market. ByteDance is canceling the next version of the virtual reality headset from its Pico subsidiary, the Pico 5, according to people familiar with the situation, after sales of its last headset, the... Read more ›
0
Harvey, a one-year-old startup that sells artificial intelligence-powered legal software, is in talks to raise between $70 million and $80 million in a round that would value it at $700 million including the investment, two people familiar with financing said. The funding more than quadruples its valuation announced in April, indicating investors are still hungry for AI startups that can show revenue growth. Venture firm Kleiner Perkins and solo investor... Read more ›
9
Silicon Valley’s phones buzzed with alerts last night, offering surprising news about one of its bellwether companies: A federal jury decided Google had exercised unlawful monopoly power over app developers like Epic Games. Investors so far have responded mostly with a shrug. By the end of today, the stock of Google’s parent company, Alphabet, had slumped by less than a point on a day the S&P 500 ticked up. The... Read more ›
0
Facebook wants more creators to set up shop on the blue app, and executives are betting a change to how it shares revenue from video ads will help. The flagship Meta Platforms app is dropping its practice of giving creators 55% of ad revenue on certain videos, something it’s done dating back to the 2017 Facebook Watch days, in favor of a different structure that pays out cash based on... Read more ›
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High-end pet food startup The Farmer’s Dog is working with JPMorgan and other investment banks to raise hundreds of millions of dollars by early next year, in a deal that could value it significantly higher than its last $2.5 billion valuation, people familiar with the matter said. The fundraising could help the company buck the trend of collapsing direct-to-consumer valuations over the past two years. The Farmer’s Dog, which delivers... Read more ›
0
Andreessen Horowitz, one of the most prolific investors during the pandemic-era funding boom, recently held an event for limited partners in Las Vegas, where it presented its ideas on investing in various industry sectors, according to a person familiar with the talks. The investment firm could soon ask its backers to commit to those sector bets more deeply. It has been planning to raise money for at least three industry-specific... Read more ›
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Most popular sources
Tom's Hardware
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23% 16 |
Business Insider
|
18% 1 |
TechRadar
|
10% 7 |
Ars Technica
|
9% 1 |
Android Authority
|
7% 7 |
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19.11.2025 02:17
Last update: 02:11 EDT.
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