Dean Phillips thinks too much government tech policy dwells on the negative. In an interview, the Minnesota congressman—who is mounting a long-shot bid to challenge Joe Biden for the Democratic presidential nomination—said regulations need to prevent “nefarious use” of artificial intelligence, but he’s equally interested in encouraging ways to use AI to improve healthcare outcomes and other positive applications. Ditto for crypto, which he believes can help reduce costs for... Read more ›
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If you want to get under Bill Ackman’s skin right now—without mentioning Harvard University or Business Insider—ask him about his Netflix bet of 2022. The hedge fund manager’s decision in late January of that year to jump into Netflix’s stock, just as it was getting pummeled by investors unhappy with its growth slowdown, would prove to be a multilevel disaster. Not only did Ackman fund the roughly $1.1 billion purchase... Read more ›
0
Carta co-founder Henry Ward for years heard venture capitalists tell him the market for software that manages startups’ stock issuances was too small. But Ward proved the skeptics wrong. Sales of Carta’s subscription software tripled in two years to $150 million in 2021, emboldening Ward to launch his long-held vision that year: a stock exchange for startups, or what Ward called the “Nasdaq for private markets.” Enthused by the exchange’s... Read more ›
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To some companies, renting storage space or other services from a cloud provider can feel like they’ve entered a roach motel: It’s easy to get in but hard to leave. Google on Thursday took a baby step toward changing that perception by eliminating fees it charges cloud customers that want to switch entirely to a rival cloud service or to their own data centers. Google will still charge customers who... Read more ›
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There are few topics as polarizing in tech and media today as the question of whether AI companies should compensate media professionals for training their models on copyrighted work. On this fight, the gang of More or Less mostly agree—but with some interesting nuances. That and which startups will and won't make it in 2024 on this week's podcast. Hope you enjoy. Apple Spotify YouTube Read more ›
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We published our latest quarterly and annual funding data from our Creator Economy Database this week. The upshot: Funding for creator startups is down, unless of course, the business has an artificial intelligence angle. In total, the 525 creator-centric startups in our database have raised more than $13.8 billion since 2021. As you would expect, the money is not evenly divided: The database includes 32 companies that have raised $100... Read more ›
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As a home-schooled teenager in Agoura Hills, Calif., Jordyn Gilbert’s social life revolves around Snapchat. The app—known for the disappearing photos and videos called Snaps that its users share with others—is the default mode of communication for Gilbert and her friends. She estimates she has 70 Snapchat “streaks” at the moment—which means she sends Snaps to and receives Snaps from at least 70 other people a day. Snap, the company... Read more ›
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Is 2024 going to be the year investors change their minds about Google?For the last 12 months, most of them have preferred Meta Platforms, Amazon and Microsoft—although Google’s stock growth did outpace the market.Part of what drove that preference was the view among leading Silicon Valley investors, notably Altimeter Capital’s Brad Gerstner, that Google’s best days of monopoly profits are behind it. OpenAI, Anthropic and others are building new ways... Read more ›
0
Fintech startups, the technology services trying to disrupt the antiquated financial services industry, raised over $100 billion in venture capital funding in 2021, a record for the sector, according to PitchBook. That party is long over. And now many of the venture capitalists that led those deals are also moving on.Vetamer Capital Management, an investment firm that focused on fintech, is shutting down its hedge fund, Cory reported this week.... Read more ›
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Instagram staffers were caught off guard this week by a round of job cuts that effectively eliminated a layer of management at Instagram, in line with Meta CEO Mark Zuckerberg’s “efficiency” drive. The cuts reportedly affected about 60 technical program managers—of thousands of Instagram employees—who have two months to try to find another job at the company.Staff Wednesday also learned about a reorganization of Instagram product teams. As part of... Read more ›
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HongShan, a prominent Chinese venture capital firm that recently separated from Sequoia Capital, has invested in a startup that competes with U.S. artificial intelligence chip giant Nvidia in the Chinese market, according to three people with knowledge of the matter. It’s the latest of several investments HongShan has made in domestic AI chip startups. HongShan’s previously unreported investment in Shanghai-based Iluvatar CoreX, which investors earlier valued at more than $1... Read more ›
0
After a two-month delay, OpenAI’s long-awaited chatbot store is finally here.As I previously reported would happen, the model developer on Wednesday opened its GPT app store, which allows software developers to distribute customized OpenAI-powered apps for everything from lesson planning for middle school teachers to researching academic papers to practicing new languages.Because the apps are powered by ChatGPT, they can understand users’ commands and questions in a conversational way and... Read more ›
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It’s a paradox: Cyberattacks against governments, companies and individuals are escalating dramatically, lifting cybersecurity spending to a record. And yet there are so many cybersecurity startups competing with each other—and with bigger tech companies such as Microsoft and Palo Alto Networks—that a shakeout in the sector is seen as inevitable. At the very least, some startups will have to accept a big cut to their valuation if they want to... Read more ›
0
Freyr Battery, struggling to manufacture its next-generation battery, hopes to right itself by temporarily producing and selling a different battery technology, and obtaining federal subsidies under the Inflation Reduction Act to make it in Georgia. But election-year politics cloud the plan’s future, with Republican front-runner Donald Trump and other party members vowing to kill or severely undermine the IRA if they come to power. Read more ›
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This time it’s for real! After at least a six-year wait—and a hoax post on X Tuesday—the Securities and Exchange Commission on Wednesday granted approval for companies to issue spot bitcoin exchange-traded funds. The approval will make it easier for individuals and institutional investors to invest in bitcoin without holding it directly on a crypto exchange.Judging by the reaction of the crypto market, investors weren’t exactly surprised. Bitcoin’s price rose... Read more ›
5
When most people think about the creator economy, they aren’t thinking about hardware. Yet creators are heavy users of cameras and other video production gear. That may explain why webcam maker Opal Camera has gained a following among creators and managed to raise money during last quarter’s funding drought.In October, the three-year-old company announced a $17 million Series A led by Founders Fund and including investments from YouTubers Casey Neistat... Read more ›
0
In a blog post last year, Greylock partner Seth Rosenberg surmised that there are three large opportunities for founders in the artificial intelligence era, including “copilot for services.” Services are an attractive category, Rosenberg reasoned, because AI can help frontline service professionals—such as wealth managers, insurance brokers and mortgage brokers—more efficiently build and maintain relationships with their clients. As an entrepreneur, I share Rosenberg’s view that the market for services... Read more ›
3
It won’t surprise anyone that artificial intelligence, the hottest subject in tech, is also big at this year’s Consumer Electronics Show, underway in Las Vegas. Among the silly and wondrous AI-powered devices unveiled so far: A one-foot-tall robot from LG that can patrol your home for open windows or switch off the lights when you’re out; a telephone-booth-esque device that enables you to speak to a holograph of the person... Read more ›
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Amazon is laying off several hundred employees in its Prime Video and Amazon MGM Studios, according to an email sent to employees on Wednesday morning viewed by The Information. It’s the latest example of fresh rounds of targeted job cuts at Amazon following mass layoffs that began in Nov. 2022. Amazon video chief Mike Hopkins said in the email that Amazon has “identified opportunities to reduce or discontinue investments in... Read more ›
5
JPMorgan Chase has stopped providing payments services for many long-standing clients of WePay, the payments processing business for small accounting and marketing businesses it acquired in 2017, suggesting a retreat in the bank’s efforts to compete with Stripe. JPMorgan had bought WePay, a Silicon Valley–based firm, to try to bolster its existing payments business—mostly reliant on long-established giant companies such as UPS—with some of the younger online enterprises that use... Read more ›
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20.06.2026 05:01
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