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 âș
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Tiger Global Management is nearing a deal to sell part of its stake in OpenAI rival Cohere at a roughly $3 billion valuation, a markup of more than 40% from Cohereâs last financing round in June, according to people familiar with the matter. Tiger is selling a stake of roughly 2.1% of Cohere for about $63 million, equal to the dollar amount of Tigerâs initial investment in Cohere, according to... Read more âș
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Truepill, a startup that ships prescription drugs on behalf of online pharmacies such as Hims, Mark Cubanâs Cost Plus Drugs and GoodRx, has authorized slashing the price of some of its shares by more than 90% from their peak in 2021, according to a recent filing provided by Prime Unicorn Index. In 2021, the startup said investors had valued it at $1.6 billion. The eight-year-old startup disclosed steps it is... Read more âș
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A recent court ruling may put rocket-ship AI startups like Midjourney and Runway on shaky ground.United States District Court Judge Beryl A. Howell ruled on Friday that art completely generated by artificial intelligence cannot be copyrighted, the latest update in a string of controversies surrounding the technologyâs usage in art. The ruling affects works that are entirely generated by AI, but leaves wiggle room for art made by both humans... Read more âș
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When international investors such as General Atlantic and the Carlyle Group invested in Chinese fintech firm Ant Group in 2018, they likely hoped for a big payoff given its dominance in facilitating payments for both Chinese brick-and-mortar merchants and e-commerce sites such as Alibaba. Those hopes were dashed in 2020, when Chinese authorities abruptly canceled Antâs initial public offering, which would have valued it at more than $300 billion. Now... Read more âș
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Hereâs a declaration the tech press doesnât get to make very often: Itâs a good day to be SoftBank. Arm, a chip designer the SoftBank Group has owned since 2016, finally released its investor prospectus this afternoon, a key step before the initial public offering expected next month. If investors biteâno sure thing, as I explain belowâArmâs valuation could surpass $60 billion. Thatâs roughly double the price SoftBank paid seven... Read more âș
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We donât hear much about Apple and the creator economy except when creatorsâor the platforms that host themâcomplain about the Apple App Store fees that cut into their earnings. That makes Appleâs launch Monday of multiple features aimed at helping creators all the more remarkable, even if the individual products are fairly standard. The iPhone maker said podcasters will now be able to view the number of free trial subscriptions,... Read more âș
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Bloomberg LP made a sweeping overhaul of its top ranks, naming a new CEO, president and chief financial officer, and said it would build a new board of directors chaired by former Bank of England governor Mark Carney, according to an internal memo seen by The Information. JP Zammitt will become president of Bloomberg LP, Patti Roskill will become the chief financial officer and Vlad Kliatchko will become the new... Read more âș
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Itâs no secret politicians are worried about artificial intelligence. And while AI executives suggest theyâre just as concerned, they may have another agenda in creating that perception.Recent proposed federal legislation with cheery names like the âBlock Nuclear Launch by Autonomous Artificial Intelligence Act of 2023â or the âArtificial Intelligence and Biosecurity Risk Assessment Act,â suggest a possible future in which criminals use AI to launch nuclear bombs or create chemical... Read more âș
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At most companies, employees report up to the CEO. At Oracle, many of the most important executives report to Larry Ellison, the companyâs co-founder, chair and chief technology officer. Several current and former Oracle employees said Ellison oversees all of the software giantâs product and engineering groups, including its cloud infrastructure business and its cloud-based software as a service applications. Read more âș
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On Aug. 10, Norwegian battery maker Freyr Battery announced a dramatic shake-up: CEO Tom Jensen stepped aside and became executive chair, effective today, replacing founder Torstein SjĂžtveit, who retired. In the same announcement, the board said it was moving Freyrâs headquarters from Luxembourg to the U.S.Investors hardly noticed, but the moves offer insight into the Westâs challenge to Chinaâs dominance of the electric vehicle and battery industries. This was plain... Read more âș
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When Instacart executives begin their initial public offering pitch to investors as early as next week, they face a challenge. Order volume in Instacartâs core grocery-delivery business is barely growing, new data reveals, although the company is showing revenue expansion by keeping more of the dollars spent on each order and from a fast-growing ad business. How investors react to that mixed picture will determine the valuation Instacart scores in... Read more âș
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Some of Chinaâs most prominent venture capitalists are U.S. citizens or green-card holders. That could soon become a problem for their firms. President Joe Bidenâs executive order last week, limiting certain American investments in China, could also curtail the activities of Chinese investment firms whose leaders are U.S. citizens. The order prohibits U.S. citizens and permanent residents from investing in sensitive areas of technologyâincluding semiconductors, quantum computing and artificial intelligence Read more âș
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Janine Sickmeyer, the founding partner at seed and pre-seed firm Overlooked Ventures, was trying to find a low-tech way to occupy her four kids under age 8. She, like many of her Silicon Valley peers, aims to keep her young children off screens as much as possible. âEven though Iâm a tech entrepreneur and investor in tech, I always try to keep my kids away from it,â she said with... Read more âș
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Hi, welcome to your Weekend.Thereâs been a lot of bed-wetting down in Southern California this summer about the dangers of the artificial intelligence boom. Maybe bed-wetting isnât fair: The Hollywood actors who are striking, in part, over how their AI-generated likenesses will be scanned, stored and monetized, have valid concerns. And they certainly canât trust their studio minders to do right by them.However, itâs telling that a growing number of... Read more âș
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Nearly four years after its bombastic public debut and two years after it was initially supposed to ship, Elon Muskâs curveless, futurama Cybertruck is finally crawling off production lines and into the hands of its first test drivers. Recent sightings in the wild (one Tesla blog likened the model to a âmodern-day Bigfootâ) have given would-be Cybertruck customers hope that deliveries could follow soon. (The company has said full-scale production... Read more âș
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Next week is promising to be action-packed for tech news, with earnings coming from some notable enterprise software namesâNvidia, Snowflake and Zoom Video. There will also likely be IPO filings from Instacart, according to Bloomberg, and Arm, according to various outlets. The IPO market seems to be awaking from its slumber. The IPO filings will be worth reading for their financial details on the companies, although the important trends for... Read more âș
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This was a fun âMore or Lessâ episode. I enjoyed listening to Sam and Dave reminisce about some of their, shall we say, less successful investments. I then asked Sam for his strategy in venture capital. I was bemused by the answer. Later in the show, we moved to another tricky topic: the future of the not-so-global internet. Hope you enjoy. Links below. Spotify Apple YouTube Read more âș
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In 2008, while working with Will Smith on the set of a film that never ended up getting made, Remington Scott had an epiphany. The visual effects director was watching Smith stand in a photogrammetry booth, with dozens of cameras capturing the actorâs facial features from every possible angle. âEvery single major star on that level, they go in and they get scans,â Scott said. Visual effects artists then translate... Read more âș
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Disney CEO Bob Iger has said heâs looking for strategic partners to help launch a streaming version of the ESPN cable channel. One key distributor, Verizon, has already thrown its hat into the ring. The telecom giant has been in touch with Disney about potentially partnering on a new ESPN streaming service, according to people familiar with the matter. Verizon CEO Hans Vestberg has made no secret of his openness... Read more âș
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For the creator economy, itâs a moment of what economists call creative destruction. Six startups in our Creator Economy Database have been acquired this year, and three others have shut down. At the same time, entrepreneurs continue to form new companies aimed at creators and investors continue to back them. To that end, we added sixcompanies to the database over the past two weeks, showing the continued energy in the... Read more âș
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10.04.2026 01:24
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