Sam Altman may have Elon Musk beat for the ability to pull off impressive technological achievements despite near-constant corporate drama. Wednesday’s news that OpenAI Chief Technology Officer Mira Murati is leaving comes after numerous other high-profile exits in recent months (or in the case of President Greg Brockman, a leave of absence.) You have to wonder—what is going on with this company?Outwardly, OpenAI appears unaffected by the turmoil. It recently... Read more ›
0
Creators played a big role at Meta’s annual developer conference last year, when Instagram unveiled a line of artificial intelligence-powered chatbots styled after celebrities. Meta scrapped that experiment earlier this year, in favor of helping influencers make their own chatbots.Meta is now expanding these chatbots beyond text messages. Creators using Meta’s free AI Studio software in the U.S. will be able to make realistic video avatars modeled on themselves that... Read more ›
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Mira Murati, OpenAI’s chief technology officer, announced on Wednesday that she would be leaving the company, according to a post on X. Her departure is the latest in a series of high-profile exits and leaves of absences from the company, including three cofounders, a safety leader and a product ... Read more ›
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Meta Platforms announced updates to its artificial intelligence products and introduced a cheaper mixed-reality headset, Quest 3S, at its Connect developer conference on Wednesday. The updates include the option to speak with Meta AI on Meta’s social media apps and image-recognition capabilities ... Read more ›
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Google filed a formal complaint against Microsoft to the European Union antitrust regulator, claiming that Microsoft used its advantages in the software market to stifle competition in the cloud computing market, Google said Wednesday. The search engine giant alleged Microsoft has made it more ... Read more ›
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Adobe forecast Wednesday that holiday e-commerce sales in November and December would grow more than 8% to $240.8 billion this year, up from $221.8 billion in 2023. Adobe also projected more retailers would turn to steep discounts this year to woo price-sensitive customers. Those discounts ... Read more ›
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Between OpenAI’s long-awaited Strawberry launch and its monster ongoing fundraising, it might be easy to forget about Sora, a video-generating model it teased in February to global fanfare. A number of investors told me at the time that the impressive Sora demos cast a worrying shadow over the gaggle of competing AI video startups that had raised hundreds of millions in venture capital. Those concerns may have eased: six months... Read more ›
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Sports jersey seller Fanatics was one of the few high-profile private commerce companies to dodge a valuation collapse in 2022 when interest rates began rising. But as its growth has slowed, investors have started to sour on its prospects, with four mutual funds marking down their stakes in Fanatics by an average of 14% in the first half of the year. According to data compiled by Caplight, funds also made... Read more ›
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Meta and Mistral will decline to voluntarily comply with parts of the European Union’s recently enacted Artificial Intelligence Act that won’t go into effect until 2027, spokespeople for the companies told Bloomberg. Other AI companies including Google and Microsoft will agree to the voluntary ... Read more ›
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Cybersecurity startup Wiz is in talks to let existing shareholders cash out between $500 million and $700 million worth of shares at a price that could value the company between $15 billion and $20 billion, Bloomberg reported. The talks follow Wiz’s rejection of a $23 billion bid from Google to ... Read more ›
2
Private equity dealmakers are starting to get busy. The latest evidence of that was today’s news that Blackstone and Vista Equity Partners will buy Smartsheet, which sells software that helps workers plan projects, for $8.4 billion. As falling interest rates are likely at least part of the reason for the (slight) deal revival, we should see more acquisitions in the coming months. Score one for those deal-starved bankers out there.Smartsheet... Read more ›
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Salesforce said Tuesday that it agreed to buy Zoomin, which sells software for businesses to manage their data. The deal is Salesforce’s third acquisition in recent weeks after announcing it would buy Tenyx and Own earlier this month. Salesforce didn’t disclose the acquisition price. The deal, ... Read more ›
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Anthropic, OpenAI’s largest startup competitor, projected it would generate $1 billion in annualized revenue by the end of this year, CNBC reported, implying monthly revenue of around $83 million. That’s a higher projection than what the company shared with investors at the beginning of this ... Read more ›
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Silicon Valley has never felt more intertwined with the Middle East—and I’m not just saying that because I’m writing this column as I graze on dates in the lobby of Rosewood Abu Dhabi. I spent the last week meeting investors, operators and founders in Dubai and Abu Dhabi, where evidence of U.S. venture capital was easy to find.One of those meetings was with Fadi Ghandour, founder of Wamda Capital, which... Read more ›
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Google is making its standalone Gemini chatbot app available to paying subscribers of Workspace, its collection of work software including Gmail and Drive, replacing the need to purchase a separate add-on at a cost of $20 or more per user per month and potentially boosting Gemini usage among ... Read more ›
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I’ve been binging Hulu’s new reality TV series, “The Secret Lives of Mormon Wives,” which follows the lives of eight young TikTok-famous Mormon moms who get caught up in a scandal where some of them hooked up with each other’s husbands.Even though that drama played out in real time on TikTok two years ago, the show has become a huge hit. Hulu announced it was the streamer’s most-watched premiere of... Read more ›
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Stitch Fix shares dove 18% in after-hours trading Tuesday, after the online styling service said that revenue fell for a third straight year and CEO Matt Baer said it could take the company until 2026 to restart growth. For its most recent fiscal year, which ended Aug. 3, Stitch Fix reported ... Read more ›
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Caroline Ellison, 29, a key prosecution witness in the fraud trial of FTX founder Sam Bankman-Fried, was sentenced to two years in prison on Tuesday for her role in the collapse of the crypto currency exchange. U.S. District Judge Lewis Kaplan praised her “remarkable” cooperation during the ... Read more ›
1
Google CEO Sundar Pichai said the artificial intelligence boom is “challenging” to the company’s carbon emissions goal. Speaking at a Carnegie Mellon University event last week, Pichai said Google made a commitment to operate with carbon-free energy by 2030, but that goal was set before the “ ... Read more ›
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The Justice Department sued Visa on Tuesday alleging the company used its dominant market power to stifle competitors and illegally monopolize debit card payments. Visa, which controls roughly two-thirds of U.S. debit transactions and generates $7 billion in annual fees on debit cards, imposed ... Read more ›
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Business Insider
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36% 10 |
Tom's Hardware
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10% 4 |
CNET
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8% 3 |
Eurogamer.net
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7% 6 |
Gizmodo
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6% 1 |
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25.11.2024 02:53
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