Forward, a startup that raised $400 million to operate artificial intelligence-powered âdoctor in a boxâ healthcare stations, is shutting down effective Tuesday, according to a person close to the company. All of its nearly 200 employees will lose their jobs, the person said. The San Francisco startup, started in 2017 by former Google employee Adrian Aoun, wanted to make healthcare visits more accessible with staffed clinics and automatic services. It... Read more âș
113
In China, one of the biggest names in tech is Kai-Fu Lee, a Taiwan native and a bestselling author who used to head Googleâs operations in the country. When Lee founded an artificial intelligence startup called 01.AI in Beijing in March last year, Chinese investors including Alibaba Group were so eager to back him that the startup became a unicorn just eight months later. But in the U.S., where Lee... Read more âș
6
For the past two years, the crypto industry has griped that U.S. regulators are trying to kill it off by curbing its access to banks. That may change under President-elect Donald Trump. Executives and investors are hopeful that the new administration will tell banking regulators to allow banks to expand access to the crypto industry. That could help more startups get up and running and make it easier for firms... Read more âș
0
Nvidia is grappling with new problems related to its much-anticipated Blackwell graphics processing units for artificial intelligence: How to prevent them from overheating when connected together in the customized server racks it has designed. In recent months, Nvidia has asked its ... Read more âș
0
Nvidia is grappling with new problems related to its much-anticipated Blackwell graphics processing units for artificial intelligence: how to prevent them from overheating when connected together in the customized server racks it has designed. In recent months, Nvidia has asked its suppliers to change the design of the racks several times as it has tried to overcome the overheating problems, according to Nvidia employees who have been working on the... Read more âș
0
Welcome, Weekenders! In this newsletter:âą The Big Read: The frustration behind a beautiful, Tesla-beating EVâą The Top 5: The very best personal personal trainersâą Plus: A different type of It bag; Keri Russellâs Americans; and a Maine attraction returns. Since the presidential election, much of Americaâs attention has focused on Mar-a-Lago as President-elect Donald Trump has held court there at his private club, barreling through an extraordinary number of cabinet... Read more âș
0
Everyone from Hollywood veteran Jeffrey Katzenberg to Snap and Meta Platforms has tried luring Americans with minuteslong TV-style shows on social media apps. All have failed. But that isnât deterring TikTok from exploring the concept. The ByteDance-owned video app is considering ways of using such minidramas, which have proved to be a huge hit for its sibling app, Douyin, in China, to broaden its audience. Some small video makers already... Read more âș
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Ozempic be damned. Silicon Valley is holding on tight to its love of the personal trainer. These are people like Matt Dixon, a San Franciscoâbased trainer and former professional triathlete whose clients include billionaire Max Levchin. After several decades of whipping folks like Levchin into tip-top shape, Dixon has a thesis for why so many technorati, as he said, âtake on massive physical challenges.â âItâs not just ego or pride... Read more âș
0
X, the social media platform owned by Elon Musk, sued the state of California over a law that would require social media platforms to remove âmaterially deceptive contentâ about elections during the six month period around an election. Muskâs lawsuit argues that AB 2655Â violates the ... Read more âș
0
This week on More or Less: A shift in the Silicon Valley narrative and why D.O.G.E. is not X. Plus, Jessica's new investment and Brit's new hair. Apple Podcasts Spotify YouTube Read more âș
0
Any Friday night plans? A decent number of you will probably tune into tonightâs boxing match on Netflix between Mike Tyson and Jake Paul because youâre curious whether the great heavyweight of the 1980s can, at the age of 58, beat the 27-year-old influencer turned pugilist. Another group of you may watch more because youâre curious how Netflix is going to present the event to its nearly 300 million subscribersâand... Read more âș
1
Eighteen Republican states filed suit Thursday against the Securities and Exchange Commission, including its chair, Gary Gensler, for allegedly taking regulatory authority away from the states through enforcement actions against crypto firms. The suit, filed by attorneys general from Texas, ... Read more âș
0
President-elect Donald Trumpâs cabinet pick to oversee the countryâs natural resources and public land could boost data centers for artificial intelligence. North Dakota Gov. Doug Burgum, Trumpâs nominee for Interior Secretary, has been a booster of large AI data center projects in his state, ... Read more âș
0
Elon Musk on Thursday alleged that Microsoft worked with OpenAI and its CEO, Sam Altman, to âlootâ OpenAI, which was established as a nonprofit in 2015, by starting a for-profit arm partly owned by Microsoft in 2019. Musk added Microsoft as a co-defendant in his lawsuit against OpenAI and ... Read more âș
0
The other evening, a stranger told Lucid Motors CEO Peter Rawlinson that if he ever came across an electric vehicle that would go 500 miles on a charge, heâd buy it. âAnd I said, âThatâs Lucid Air!ââ Rawlinson recalls, referring to his companyâs sleek sedan. âHe said, âWhat? How long has that been in production?â I said, âTwo and a half years.ââ He paused. âThe world doesnât know that two... Read more âș
11
Last month, when OpenAI announced a record-breaking $6.6 billion venture round, an unfamiliar new name appeared among the investors pouring money into the hot artificial intelligence startup: MGX. It was the first public investment ever for the Abu Dhabiâbased MGX, and it was a splashy debut for a firm most Silicon Valley investors had never heard of. They could be excused for that: Two other firms from the United Arab... Read more âș
0
Andreessen Horowitz has hired former Facebook policy director Matt Perault to head the venture firmâs AI policy in its Washington D.C. office. Perault said he will lead the firmâs efforts to advocate for bipartisan AI policy, including areas such as open-source models and AI startups. ... Read more âș
0
We got some good news from the poor old entertainment companies this earnings season. Video streaming is finally becoming a money-making business! Disney, for instance, reported today that its Disney+, Hulu and ESPN+ streaming operations made a profit of $321 million in the September quarter, quite the turnaround from losing a slightly bigger amount than that a year earlier. And itâs not just Disney: Paramount Global and Warner Bros. Discovery... Read more âș
0
Shares of electric vehicle companies including Tesla fell Thursday after a report that the incoming Trump administration hopes to end $7,500 consumer tax credits on the purchase of EVs. Tesla shares fell almost 6% after the Reuters report, quoting sources with direct knowledge of the plans. ... Read more âș
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Pony.ai, which makes autonomous driving technology, said it plans to sell 15 million shares when it lists on the Nasdaq, targeting a price range of $11 to $13 per share. At the high end, that price would value the company at $4.5 billion, a sharp decline from 2022, when Pony raised a Series D ... Read more âș
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Another day, another multibillion-dollar valuation for a generative AI startup! Today itâs Synthesia, a video-generation startup thatâs near a $2 billion price tag in a round led by New Enterprise Associates, we scooped Thursday. Given the firehose of AI deals, itâs easy to forget that plenty of startups arenât as lucky â and could be getting perilously close to running out of cash. Digital health company Forwardâs decision to shut... Read more âș
0
Most popular sources
Business Insider
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32% 9 |
Financial Times
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16% 15 |
The Verge
|
15% 12 |
Tom's Hardware
|
5% 1 |
Android Authority
|
4% 0 |
| View sources » | |
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23.11.2024 17:25
Last update: 17:15 EDT.
News rating updated: 00:20.
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