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
0
Fewer brands are posting about Pride month on Instagram and Facebook this year, according to new data from Emplifi, a provider of customer engagement software for social networks and companies like McDonaldâs. The number of U.S. brands using Pride-related hashtags on Instagram declined 16% year-over-year, while interactions, meaning comments or likes, fell 73% this year compared to 2020 when engagement peaked, according to the report. Read more âș
0
For years Microsoft has kept a lid on details about the true size of its Azure cloud server rental business, making it impossible for investors to know how Microsoftâs cloud operations unit stacked up against industry leader Amazon Web Services. But this week, thanks to antitrust regulators, the world got a peek under the lid. Azure generated half the revenue of its primary rival, Amazon Web Services, in the 12... Read more âș
83
To my surprise, the recent boom in artificial intelligence investments has done little to dig U.S. venture capital funding out of its hole.VC funding decreased in the second quarter, which ends tomorrow, according to new data provided to The Information by Crunchbase. U.S. startups raised just $27.6 billion compared to $45.2 billion in the first quarter, representing a roughly 40% drop. Compared to the same period last year, itâs an... Read more âș
0
Earlier this month, I had the opportunity to attend a founder and investor conference hosted by Coatue, called East Meets West. While the conference, held in Montecito, Calif., was off the record, I asked the firm for permission to share one of my favorite parts of the event: the keynote its partners gave on the state of the finance and tech markets. Coatue estimates the overall market capitalization of private... Read more âș
78
Stripe has laid off a few dozen employees, most of them recruiters, in its human resources department. The staff cuts, while affecting a tiny percentage of the companyâs roughly 7,000-person workforce, are part of a broader wave of belt tightening in tech, even as the pace of larger layoffs has abated. Stripeâs cuts in the recruiting division are part of an effort to reorient locations where the company plans to... Read more âș
0
When Amazon announced Wednesday that customers could soon start dropping off items they wanted to return at nearly 1,000 Staples stores, it touted the partnership as part of its decadeslong quest to make online shopping as easy as possible for consumers. In reality, the Staples partnership is the result of a years-long effort by a team inside Amazon to drive down the cost of returns after they soared during the... Read more âș
40
Two years ago, a wave of electric vehicle, battery and mining companies went public with boasts of coming profits. Today, things look very different. Just this week, Lordstown Motors filed for bankruptcy protection, the U.K.âs Cornish Lithium warned that it might go bust, and Ford, whose EV division will lose $3 billion this year, reportedly plans to lay off 1,000 workers on top of the 6,800 it has already let... Read more âș
0
The Great Wall dividing the U.S. from China is about to get higher. A Wall Street Journal report that the Biden administration is considering further tightening exports of artificial intelligence chips to China triggered a sell-off in chip stocks on Wednesday. Shares of Nvidia, the dominant provider of chips for generative AI, fell 1.8%. To be sure, thatâs not much of a reaction for a stock that has risen 181%... Read more âș
39
When enterprise software firm Databricks revealed on Monday it would pay $1.3 billion for a two-year-old artificial intelligence startup, MosaicML, the deal looked overpriced. Databricks is paying 65 times Mosaicâs $20 million in annual recurring revenue, a measure of customer commitments to pay for its software, according to Databricks CEO Ali Ghodsi. In reality, the value of the deal is much less. Databricks is paying for Mosaic in stock at... Read more âș
58
For the past three years, Spotify has been trying to beef up its video podcasts as it tries to keep up with the TikTok-driven explosion in short-form video. The efforts are starting to show some progress. The music streaming service now hosts more than 100,000 podcast shows that publish video episodes, a 40% increase from March though still a sliver of its 5 million total shows, according to new data... Read more âș
0
Last month Netflix poached the co-heads of AMC Networksâ Scripted Programming, responsible for spinoffs of the hit series âThe Walking Deadâ and âInterview With the Vampire,â as well as Apple TV+âs new drama âSilo.â Executive poaching is nothing new or unusual. But the move raises a provocative question: Why didnât Netflix simply buy AMC Networks, whose enterprise value is roughly $3 billion, or less than 2% of Netflixâs current market... Read more âș
0
Bitcoin is having a moment. Since the start of June, the most popular cryptocurrency by market capitalization has surged 12%. That jump has coincided with traditional financial firms, which have long been wary of crypto, embracing bitcoin in a big way. BlackRock, the worldâs largest asset manager, applied for a bitcoin exchange-traded fund on June 15. That kicked off a string of copy cat moves by BlackRock competitors like Invesco.... Read more âș
105
It's not surprising that an analysis of activist investors shows Starboard Value and Elliott Management are among the most, well, active of activists. Both feature frequently in high-profile fights ranging from Salesforce to eBay. What is more surprising is that some smaller firms, such as Engaged Capital and Legion Capital Management, are heavily in the fray and making waves. As it turns out, you donât have to be huge to... Read more âș
0
Iâll just say it: Things are starting to look ridiculous in Silicon Valley again. Two of our most at times admired, at times reviled tech leaders are getting ready to fight each other in a mixed martial arts cage match. And, as The Wall Street Journal reported today, boards and businesses across tech are dealing with a new problem: workplace drug use by employees and executives. I was confronted with... Read more âș
0
The term âpivot to videoâ has become a shorthand for the ill-fated strategic shifts undertaken by digital media companies such as Buzzfeed and Mic in the middle of the past decade to capitalize on Facebookâs prioritization of videos. Fast forward to 2023, and thereâs a new pivot happeningâthis time with audio. The latest is Bloomberg, the privately owned news and data company that operates radio and web-streaming shows such as... Read more âș
23
When Josh Rogers, CEO of data integrity firm Precisely, was looking for a buyer in 2021, he tapped Jason Auerbach, then a top investment banker at UBS. Auerbach ended up helping sell Precisely to private equity firms Clearlake Capital Group and TA Associates. Twelve months later, when Precisely needed to raise money, Auerbachâby this time at Silicon Valley Bankâs investment banking arm, SVB Securitiesâfound investors in Insight Partners and Partners... Read more âș
0
The deal market lives. For the second time this month, we woke up Monday morning to a big enterprise software acquisition. This time, it was IBM (remember that company?) buying data management firm Apptio for $4.6 billion from Vista Equity Partners. People with long memories of obscure enterprise software firms (you know who you are) will recall that Vista paid $1.94 billion to buy Apptio in January 2019. So, while... Read more âș
11
Iâm back in San Francisco and still recovering from last weekâs VidCon. (Coffee, Emma Chamberlain-branded or not, sounds extremely compelling right about now.)By the numbers, VidCon was a success. Yesterday, VidCon announced that 55,000 people attended this yearâs conference, up 10% from 2022 but still lower than pre-pandemic records. Overwhelmingly, though, attendees told me that VidCon this year felt more subdued than in previous years. The Cannes Lions advertising festival,... Read more âș
1
In the span of half a year, ChatGPT has become one of the worldâs best-known internet brands. Now its creator, OpenAI, has bigger plans for the chatbot: CEO Sam Altman privately told some developers OpenAI wants to turn it into a âsupersmart personal assistant for work.â With built-in knowledge about an individual and their workplace, such an assistant could carry out tasks such as drafting emails or documents in that... Read more âș
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Until two weeks ago, Thoma Bravo had sold just one company worth more than $10 billion in the past three years, when it offloaded Ellie Mae to Intercontinental Exchange for $11 billion in 2020. That drought is why Thoma Bravoâs deal to sell its financial software firm, Adenza, to Nasdaq Inc. for $10.5 billionânearly twice what it paid for the businessâis so remarkable. Thoma Bravo hit the home run by... Read more âș
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10.04.2026 11:25
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