Crypto venture funding has cratered since last year, but some startups are bucking the trend by piggybacking off the AI investing craze. The latest example: Niraj Pant, a former general partner at crypto-focused venture firm Polychain Capital, is raising at least $20 million in a seed round for a new startup focused on the intersection of crypto and AI, people familiar with the matter said. Fortune reported last month that... Read more âș
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Google unveiled its next-generation artificial intelligence chip at its annual enterprise software conference, Google Cloud Next, on Tuesday. But it still felt the need to tout a different kind of win: a partnership with Nvidia to offer that companyâs state-of-the-art AI chips through Google Cloud alongside its own hardware. Nvidia CEO Jensen Huang even appeared on stage at the conferenceâwearing his signature leather jacket of courseâto field questions from Google... Read more âș
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Long before ChatGPT arrived on the scene last year, Amazon Web Services was developing artificial intelligence software akin to the technology that powers the hit chatbot from OpenAI. AWS had hoped to unveil the software, then known inside the company as Bedrock, at its annual customer conference late last November, but had to postpone it due to technical snags, a person with direct knowledge of the companyâs plans said. That... Read more âș
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If Apple was a country, its annual salesânearly $400 billion last yearâwould make it roughly the 40th biggest economy in the world, ahead of Iran and on par with Denmark. It shouldnât be surprising, then, that Apple appears to have its own foreign policy, one that isnât always totally aligned with U.S. policy, at least when it comes to dealing with China. Even as the Biden administration has been putting... Read more âș
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OpenAI is currently on pace to generate more than $1 billion in revenue over the next 12 months from the sale of artificial intelligence software and the computing capacity that powers it. Thatâs far ahead of revenue projections the company previously shared with its shareholders, according to a person with direct knowledge of the situation. The billion-dollar revenue figure implies that the Microsoft-backed company, which was valued on paper at... Read more âș
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Canadian radio show host Kat Callaghan has become known to tens of millions of TikTok users as Jessie, one of the voices that narrate captions users write into the short-form video app. Now, after becoming something of a TikTok celebrity after revealing her identity in October, sheâs bringing the Jessie voice to meditation app Calm. Callaghan, age 37, started a voiceover company in 2021 and began attracting telephone services and... Read more âș
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Itâs not too often that China-based leaders of major venture capital and private equity firms, including Neil Shen of Sequoia Capital and David Liu of DCP, gather as a group to voice their concerns to Chinaâs securities regulator. But an opportunity arose in late July when the two were among dozens of investors who met with the China Securities Regulatory Commission to discuss challenges facing private investments in China. The... Read more âș
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You may have noticed artificial intelligence researchers have a gift for coming up with new acronyms seemingly every week. Weâre sorry to inform you of another one you need to remember: RAG, which stands for retrieval augmented generation.Itâs a method to help AI software such as chatbots answer questions about information theyâve never seen before. It could be the key to solving pesky issues such as chatbot softwareâs occasional habit... Read more âș
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When Apple dealt with Chinese manufacturers in the past, it was to buy low-level components such as small metal parts, paper boxes and batteries. For advanced parts such as displays and chips, the iPhone maker turned to firms headquartered in the U.S., Japan, South Korea and Taiwan. Times are changing. Apple is currently testing advanced displays made by two Chinese suppliers for possible inclusion in future models of its Vision... Read more âș
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BEIJINGâAfter five minutes of staring at the wrinkle cream and waxing products, it all started to make sense. The U.S. can trade more with China, Secretary of Commerce Gina Raimondo argued. But it will stick to products that have nothing to do with its national security, like moisturizerâor other items that contribute the vast majority of the $700 billion in goods and services the superpowers share in annual trade. Read more âș
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How are creator economy startups doing during the downturn? Not so hot. How are the creators themselves faring? Much better, as I reported in a story earlier today. Two charts published in the piece sum up the divergence: While VC funding for startups hoping to attract creators as customers has plummeted, spending on influencer marketingâa major way creators make moneyâis expected to increase 14% this year, much faster than other... Read more âș
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Social Capital, the investment firm led by venture capitalist Chamath Palihapitiya, tried to sell stakes in hundreds of young companies in June of this year, according to people familiar with the matter. The stakes for sale were worth $312 million in total based on the valuations at which the companies last raised money, the people said. Itâs not clear what prompted Social Capital to want to sell its stakes in... Read more âș
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Klaviyo, the e-commerce marketing software provider backed by Accel and Shopify, has whipped itself into shape ahead of its public debut. Its initial public offering documents, disclosed on Friday, revealed it turned profitable in the first half of the year after it reined in cloud computing costs and raised prices. Even so, at prevailing valuations for other comparable public companies, such as HubSpot and Braze, Klaviyo is likely to be... Read more âș
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Weâre starting the new week with fundraising news about a fast-evolving part of generative artificial intelligence: video.Tavus, a two-year-old startup whose software helps companies customize videos they can then send to prospective customers, job candidates and others, has raised about $18 million in Series A funding at a $80 million post-investment valuation, five months after closing its seed round, according to a person with direct knowledge of the fundraising.The startup... Read more âș
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Times are grim for startups that sell products and services to creators. Some are folding, while others canât pivot their businesses away from the creator economy fast enough. The creators themselves, however, are proving to be far more resilient. Consider Katerina and Yinon Horowitz, a couple who quit their full-time jobs four years ago to finance their world travels through their blog and Instagram account. When the pandemic torpedoed the... Read more âș
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On Aug. 15, a California-based executive of Chinese battery company Gotion posted a message on LinkedIn, offering lithium-ion batteries at a âsignificantâ markdown. âIf you are interested in cells, modules, packs, or systems and would like to take deliveries in the next 6 monthsâletâs talk,â wrote Vikash Venkataramana, Gotionâs vice president of energy storage solutions for the U.S.Venkataramanaâs public pitch for customers was surprising in an intensely secretive industry where... Read more âș
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If youâre Sergey Brin, Evan Spiegel, Jan Koum, Jeff Bezos, Laurene Powell Jobs, Eric Schmidt, Yuri Milner or any one of dozens of other modern-day tech moguls, itâs not enough to just own a yacht. Now you might need twoâone for you and your guests to ride on, and one to act as a âsupport vessel,â tailing you around the seven seas while towing submersibles, seaplanes, helicopters or just some... Read more âș
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Selin Tyler was frustrated. The director of product marketing and business operations for Dolby Technologies was stuck in what she called âa cycle of trial and errorâ with her skin. She turned to Parallel Health, a beauty company focused on custom skin care, set to launch next month. Tyler joined the brandâs 2021 ââInstitutional Review Board-backed study and tested customized products tailored to her microbiome. Now sheâs wedded to her... Read more âș
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Hi, welcome to your Weekend.Itâs Annie here, stealing this weekâs newsletter opener from Jon (donât worry, he knows). I wanted to properly introduce The Information Weekendâs first ever Brain-Body Investment Survey, which weâve been working on over the past month. In my nearly two years at The Information, Iâve taken special interest in Silicon Valleyâs wellness trends, writing about cold-plunge junkies, founders who take a pharmacyâs worth of supplements every... Read more âș
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Weâre back in the Bay Area this week and thinking a lot about the future of this place. And so, inevitably, the squad (quad?) got to talking about the future of startup work culture. I had no idea my friends (and husband) thought it was so broken. That, plus Nvidia's blowout earnings. Hope you enjoy. Spotify Apple YouTube Read more âș
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02.04.2026 03:58
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