Altimeter Venture Partners, the venture capital affiliate of investment firm Altimeter Capital Management, has raised $552.6 million for its seventh fund, according to a securities filing. The investment vehicle is targeting a $750 million total. Fundraising talks have been occurring since last ... Read more ›
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Meta Platforms is considering buying a small stake in EssilorLuxottica, the European eyewear giant it currently partners with to make Ray-Ban “smart glasses,” according to the Financial Times. The deal, if it goes ahead, suggests Meta is keen to strengthen its partnership with EssilorLuxottica. ... Read more ›
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While everyone waits for OpenAI’s next flagship large language model, developers have been eking out more gains from today’s LLMs with some engineering elbow grease, as we covered here. That’s especially true for artificial intelligence-powered coding assistants, which are getting a lot better. Ofir Press, a postdoctoral researcher at Princeton’s Language and Intelligence Initiative, made some of those improvements personally while developing SWE-agent, an open-source coding assistant, and SWE-bench, a... Read more ›
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Meta Platforms CEO Mark Zuckerberg has canceled the blank check he once reserved for his augmented reality and virtual reality teams. As Meta ramps up its spending on artificial intelligence, company executives have started turning a more skeptical eye on its Reality Labs division, home of AR, VR and Zuckerberg’s former pet project, the metaverse. As a result, Reality Labs’ hardware teams have been asked to cut spending by almost... Read more ›
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Warner Bros. Discovery has discussed splitting in two, by carving off its traditional TV networks from its film studio and streaming businesses, the Financial Times reported. The report says WBD CEO David Zaslav has looked at a range of strategic options, including selling assets. WBD’s stock ... Read more ›
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No one can accuse President Joe Biden of sucking up to the tech industry as he tries to win reelection. Tech stocks slumped across the board on Wednesday after Bloomberg reported that the Biden administration is considering imposing “the most severe trade restrictions available” on Netherlands-based ASML and Japan’s Tokyo Electron in a new effort to curb China’s access to advanced chipmaking equipment. The report suggests the Biden administration feels... Read more ›
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Meta Platforms won’t release future multimodal AI models in the European Union because of legal concerns over regulation in the region, Axios reports. The Facebook parent company said in a statement to Axios that it will “release a multimodal Llama model over the coming months, but not in the EU ... Read more ›
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Meta Platforms won’t release future multimodal AI models in the European Union because of legal concerns over regulation in the region, Axios reports. The Facebook parent company said in a statement to Axios that it will “release a multimodal Llama model over the coming months, but not in the EU ... Read more ›
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Shares of major chip design and hardware providers fell Wednesday after Bloomberg reported that the Biden administration is considering tougher trade restrictions to prevent Chinese companies from developing advanced semiconductors. Federal officials have discussed the plan with allied ... Read more ›
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Andrew Rea was working as a visual effects artist in 2016 when he decided to film himself cooking a turkey burger depicted in a scene on the sitcom “Parks & Recreation,” which he was watching in the background. That spawned a video series on YouTube called “Binging with Babish,” where he recreated dishes from TV shows and movies. His YouTube channel Babish Culinary Universe now has more than 10 million... Read more ›
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Model developer Anthropic and Menlo Ventures, one of its largest investors, on Wednesday announced the Anthology Fund, a $100 million fund that will invest in pre-seed and Series A startups that use Anthropic’s Claude models. The capital for the Anthology Fund comes from the $1.35 billion ... Read more ›
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GitLab, which sells a cloud-based code repository for programmers, is exploring a sale after receiving interest from potential buyers including cloud monitoring service Datadog, according to Reuters. Google is another potential buyer. Through its venture capital arm, Google parent Alphabet owns ... Read more ›
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Grayscale, the crypto asset manager under Digital Currency Group, said it launched a new fund that invests in tokens for decentralized artificial intelligence crypto protocols. The fund, called Grayscale Decentralized AI Fund, is only eligible for accredited investors and offers exposure to ... Read more ›
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Prominent venture capitalists are lining up behind Donald Trump’s bid to recapture the White House, but readers of The Information remain solidly behind President Joe Biden. Readers favored Biden by a more than 2-to-1 margin in a survey conducted Tuesday and early Wednesday. Nearly 59% of 2,487 respondents said they plan to vote to reelect Biden, compared with 27% who said they plan to vote for Trump. Roughly 10% of... Read more ›
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Advertising agency holding giant WPP has named Brian Lesser as the new global CEO of GroupM, the world’s largest ad-buying firm. It marks a return for Lesser, who previously spent 10 years at WPP including as CEO of GroupM in North America from 2015 to 2017. Lesser has been a notable figure for ... Read more ›
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The NBA’s Board of Governors has approved its new collection of live sports rights deals, the league’s commissioner Adam Silver said during a press conference on Tuesday. The deals could reshape how people watch NBA games for the next decade. (The board includes a representative, often the ... Read more ›
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A few days ago I grabbed a cup of coffee in San Francisco with Bill Braun, chief information officer of oil giant Chevron, to talk about his company’s spending on new artificial intelligence and Nvidia’s forthcoming AI chips. I came away believing that the conversations happening about AI inside the C-suites of the largest companies are very different from what AI developers think is happening there. Last summer, for instance,... Read more ›
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U.S. export controls forbid Chinese firms from buying Nvidia’s advanced artificial intelligence chips. But companies in China can still gain access to some of those chips by renting Nvidia-powered servers at data centers outside China from Google, Microsoft and other global firms—underlining a gap in U.S. export rules. Both Google Cloud and Microsoft Azure are offering to rent Nvidia’s AI chips to Chinese companies, including AI startups, for use in... Read more ›
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Warner Bros. Discovery is laying off employees within its finance, business and production divisions as the company continues to cut costs, according to a report from Deadline. The total number of employees impacted is unclear, though Variety reported that it’s nearly 1,000, including a handful ... Read more ›
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Marc Andreessen and Ben Horowitz plan to make large donations to political action committees supporting the election of Donald Trump, The Information reported. The venture capitalists, who run Andreessen Horowitz, told employees in recent days that they expect Trump to more lightly regulate ... Read more ›
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26.11.2024 13:50
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