Private equity firms Blackstone and Vista Equity Partners are set to buy publicly traded enterprise software firm SmartSheet for $8.4 billion in cash, in what would be one of the largest tech acquisitions of the year, SmartSheet said in a statement Tuesday. The purchase price of $56.50 per share ... Read more ›
0
TikTok is shutting down its music streaming app TikTok Music on November 28, according to a notice on its website. The service wasn’t available in the U.S., but in other countries including Indonesia, Brazil and Australia. The company said users’ account information and ... Read more ›
0
Microsoft will spend $1.3 billion in Mexico over the next three years on data centers to support demand for artificial intelligence, as well as AI-related training programs in the country, CEO Satya Nadella said on Tuesday during an event in Mexico City. The announcement follows Microsoft’s ... Read more ›
0
In case you missed it, my colleagues broke news yesterday about Anthropic’s attempt to draft off OpenAI’s pending fundraising, by looking to do its own funding round. Like OpenAI, Anthropic wants to double its valuation. Whether it can do so despite weaker financials remains to be seen! On to today’s issue… It’s been a while since Microsoft told the world anything about its development of generative artificial intelligence that could... Read more ›
36
Helping artificial intelligence companies improve the accuracy of their large language models is turning into a giant business for Scale AI, which labels data for big AI developers like Meta Platforms and Google. Scale nearly quadrupled its sales to almost $400 million in the first half of the year compared with the same period last year, according to people familiar with the figures. Scale is among the privately held firms... Read more ›
14
Over the last two years, it’s felt like investors have poured money into any startup with dot-ai in its domain name. In 2023 alone, artificial intelligence funding topped $189 billion. But with hundreds of new AI startups launching each year, it can be difficult for investors to distinguish a true unicorn from a flash in the pan. As part of The Information’s San Francisco AI Summit, Laura Mandaro, managing editor... Read more ›
0
There’s no doubt that artificial intelligence has already changed the business world. But there are other areas where it has been utterly transformative. One of those areas is health and medicine. As part of the Information’s recent San Francisco AI Summit, reporter Natasha Mascarenhas sat down to discuss the current state of AI in healthcare with three luminaries whose work is synergistic: Ayman AlAbdallah, partner, Mubadala Capital Michael Mager, co-founder... Read more ›
0
In the age of artificial intelligence, new AI-based apps and platforms are proliferating by the day. What consumers don’t see are all the hurdles a project must overcome to become market ready. As part of The Information’s SF AI Summit, and in partnership with Amazon Web Services, reporter Anissa Gardizy explored the question of what it really takes to go from prototype to products with two industry experts: Adam Seligman,... Read more ›
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Telegram’s founder and CEO Pavel Durov said that the private messaging app will start sharing the IP addresses and phone numbers of users who violate its terms of service with “relevant authorities in response to valid legal requests.” Telegram’s encrypted messaging has made the app a magnet for ... Read more ›
16
Merger activity is alive! Well, maybe. Friday’s news that Qualcomm had made a friendly takeover overture to Intel has given a shot of adrenaline to deal junkies everywhere. This would be a big deal. Despite Intel’s travails—its revenue this year is expected to be less than in 2013, according to S&P Global Market Intelligence—the company still had a market capitalization on Friday of around $93 billion.An acquisition would end up... Read more ›
0
Elon Musk posted on X that it is “high time” his social media platform changed its rules around blocked users. “The block function will block that account from engaging with, but not block seeing, public post,” Musk said Monday in the post. Currently, a blocked user cannot see posts from the ... Read more ›
0
Five months after a federal agency found that Microsoft’s “cascade of security failures” exposed its customers to foreign hackers, the company announced that it has taken several steps to make security a top priority. Microsoft now has 34,000 full-time engineers working on securing its products, ... Read more ›
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San Francisco-based Anthropic has begun talking to investors about raising a new round of capital, which could value the company between $30 billion and $40 billion, The Information reported Monday. Anthropic’s discussions are early, and it is not clear investors will agree to such a high ... Read more ›
0
Coinbase has hired Ryan VanGrack, most recently Citadel Securities’ general counsel, for its legal team, the crypto exchange’s chief legal officer Paul Grewal said on LinkedIn. VanGrack had also worked at the U.S. Securities and Exchange Commission as senior advisor to the chair from 2013 to ... Read more ›
0
Polymarket, a blockchain-based prediction market that has taken off as a place for people to bet on the U.S. election, on Taylor Swift’s engagement prospects and on who will win the Super Bowl, is in talks to raise more than $50 million in new capital, according to people familiar with the matter. Polymarket has also discussed the possibility of launching a token that could be used to run its betting... Read more ›
0
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 ›
3
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 ›
0
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 ›
0
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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Most popular sources
Business Insider
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31% 15 |
CNET
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11% 8 |
Tom's Hardware
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9% 3 |
Gizmodo
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7% 1 |
Eurogamer.net
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6% 5 |
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24.11.2024 22:23
Last update: 22:10 EDT.
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