Near the corner of Sixth and Market streets in downtown San Francisco, Frontier Tower has become a 15-story haven for the wildest and weirdest thinkers in technology. Floor 11 is full of longevity and health tech enthusiasts. The crypto folks are a floor above, with a lounge full of expensive furniture. AI is on floor 9. And the big event there this weekend is down on floor 8, where a... Read more ›
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North Carolina-based Albemarle, the world’s most valuable lithium producer by market cap, hopes to boost its global production of the metal more than threefold by the end of the decade. But the company expects just 30% of its output to qualify for subsidies under the Inflation Reduction Act, Eric Norris, the company’s president for lithium, said Wednesday. That’s because most of Albemarle’s—and the world’s—lithium is refined in China, whose material... Read more ›
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By far, the two biggest winners of Instacart’s long-awaited initial public offering next week will be the grocery company’s largest individual shareholder, co-founder and former CEO Apoorva Mehta, and its largest venture backer, Sequoia Capital. Mehta’s profit from the listing stands to be more than $780 million, while Sequoia could make more than $1 billion. More than two years ago, the relationship between Mehta and Sequoia’s former boss Michael Moritz... Read more ›
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Bankers working on Arm Holdings’ much-watched initial public offering huddled on Wednesday to spar over how to determine the most important part of the deal: At what price are they going to sell shares when the SoftBank-owned chip designer goes public tomorrow? Like a Vatican smoke signal, push alerts and headlines across the business press blared a price tag late Wednesday afternoon. The company was prepared to price its IPO... Read more ›
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For the past year, Pinterest management has pushed to make the digital scrapbooking app a shopping destination, not just a place to browse ideas and share digital vision boards. On Wednesday, CEO Bill Ready trotted out stats to illustrate how Pinterest’s revitalized e-commerce bent was working. But unlike a year ago, its efforts will increasingly compete with new rival TikTok. At Pinterest’s advertising summit, Ready said engagement with shopping content... Read more ›
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Venture funding to crypto startups is down significantly compared to last year, when it seemed like a new crypto unicorn was crowned every day. And the pace of fundraising by venture investors has cooled dramatically too. The first half of last year saw a string of big crypto fund launches. In March, Haun Ventures announced it raised $1.5 billion across two funds. That same month, Electric Capital said it raised... Read more ›
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We’ve got news about an artificial intelligence startup that’s part of the recent trend of back-to-back funding rounds.Together, a startup providing developers with compute and software to train and run open-source AI models, is in talks with venture firms to raise up to $60 million in new funding, which would be its third financing event in nine months, according to three people with direct knowledge of deal discussions who spoke... Read more ›
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When bankers working on Arm’s impending initial public offering wanted to talk to one of the executives in charge of the SoftBank-owned chip designer, they sometimes heard heavy breathing on the other end of the phone. It was the sound of Jason Child, a longtime Amazon executive who is now Arm’s chief financial officer, running up a mountain near his home in Idaho. Arm’s upcoming IPO is the 54-year-old Child’s... Read more ›
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Human resources startup Deel revamped its terms of service, banning several additional types of transactions and effectively ending support for some retail trading websites whose activities have lately drawn the scrutiny of securities regulators. The four-year-old startup, best known for services that help companies hire remote workers, had become popular among websites that run contests based on simulated currency and stock trades; those firms used Deel to pay the winners... Read more ›
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Snoop into any conversation in Silicon Valley and you’ll hear talk of large-language models, wrangling developer credits from OpenAI, the IPO market and whether anyone actually was going to the Apple event (really—I was just at a school cocktail party of this nature).What you won’t hear is buzz about the government’s biggest antitrust trial in three decades, Google versus the Justice Department. Read more ›
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Artificial intelligence can be transformative. It can offer increased efficiency, boosted innovation and serious cost savings. But to realize those benefits, CEOs need to take an active hand in making sure the company has the right in-house talent, the right vendors and the right data. What’s the best way to go about this? Stephanie Palazzolo, reporter for the Information, partnered with Cognizant to discuss best practices with three data and... Read more ›
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Aspiring musical artists who wanted to get attention a decade ago could audition for shows like X Factor or America’s Got Talent. Then TikTok came along. Artists like the duo Flyana Boss and the rapper Ice Spice gained overnight fame as clips of their songs formed the backdrop of viral videos. Some of these TikTok-famous artists plan to attend the Video Music Awards on Tuesday night, including Saucy Santana and... Read more ›
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Artificial intelligence developers are undoubtedly lapping up a couple of stories my colleagues published Monday about Nvidia leveraging its hardware dominance to muscle into cloud services and Databricks projecting big corporate spending on artificial intelligence services. But first, today’s news.The trial over the U.S. Department of Justice’s antitrust case against Google Search started this morning in Washington, promising to shed light on Google’s secretive contracts to embed its search engine... Read more ›
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When speaking about the company he inherited in September 2021, Jim Lanzone is remarkably blunt. “I always knew these products had seen better days,” said Lanzone, the CEO of Yahoo, over a video call in late August. “Even though they still have large audiences, they needed to be modernized—pretty much every single one of them.” Read more ›
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Deel, the human resources startup embroiled in a government crackdown on online trading sites, has paused providing payout services to several businesses in the category, as it conducts a review of their operations. An executive at MyFundedFX who identified himself as the firm’s chief operating officer said on Discord that for the next 24 to 48 hours, “we are unable to process payouts through Deel” after Deel initiated an “industry... Read more ›
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Apple and Qualcomm are like a couple you’re certain will eventually get divorced but, for one reason or another, they keep patching things up, postponing the inevitable. Monday brought news of the latest peace treaty between the two companies with an announcement that Apple will continue to use Qualcomm’s 5G cellular modems in iPhones through 2026. There must be clothespins on a lot of noses in Cupertino, Calif., right now.... Read more ›
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Much of the startup world has gotten a clear message from investors: Stop bleeding cash. Databricks, one of the software startups trying to benefit most from rabid corporate interest in artificial intelligence, is taking a different tack—and getting rewarded for it. Databricks, on the verge of raising a new round of funding at a $43 billion valuation, more than doubled its cash burn last year to $430 million and expects... Read more ›
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I’ve spent the past two weeks digging into retail websites that call themselves prop or funded trading firms to report on a story about how HR startup Deel has quietly become the default payout provider for traders on these sites. I quickly discovered how much these websites, which proliferated after the meme stock trading craze of 2020-2021, were intertwined with social media, from the site’s Discord channels to the trader-influencers... Read more ›
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Last year, Nvidia made an unusual proposal to Amazon Web Services and other cloud providers that have long been the biggest buyers of Nvidia’s specialized artificial intelligence server chips. Nvidia wanted to lease Nvidia-powered servers in the cloud providers’ data centers so it could turn around and rent the same servers to AI software developers. Those developers included some of the biggest cloud customers in the world. As the discussions... Read more ›
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Since ChatGPT’s launch last November, much of the discussion around artificial intelligence has shifted from awe and amazement to more pragmatic questions such as how to manage exploding compute costs associated with developing and using it commercially. Luckily, new findings from MLCommons, a non-profit that develops evaluations and datasets for machine learning, may help answer such questions. On Monday, the organization released a benchmark comparing chips and software that power... Read more ›
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In December last year, Apple CEO Tim Cook traveled to Phoenix, stood with President Joe Biden in front of a high-profile factory Taiwan Semiconductor Manufacturing Co. was constructing and said the facility would produce chips for the iPhone maker. The comments seemed to commit Apple to aid Biden’s goal of lessening reliance on foreign chipmaking facilities—namely in Taiwan, which has been under threat of a takeover or blockade by China.... Read more ›
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09.04.2026 20:29
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