Writers and other creators are increasingly worried that artificial intelligence training models will suck up their work without compensating them. A new Los Angeles–based startup called SmarterLicense is selling a fix: a tool that tracks when a creator’s work is used on the internet, for AI or other purposes.The two-year-old startup, which launched its product earlier this month with six employees, helps creators license their intellectual property without the cost... Read more ›
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Fintech startups have suffered a difficult fundraising climate for two years, after a cocktail of rising interest rates and cooler e-commerce spending made capital harder to come by. But one startup based in São Paulo is trying to defy the slump with an ambitious new fundraise.CloudWalk, a Latin America–focused fintech startup that sells payments products to small and medium-size businesses, plans to raise up to $400 million at a valuation... Read more ›
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OpenAI shared a new benchmark during an all-hands meeting on Tuesday that would help the startup track its progress towards developing artificial general intelligence, or software that’s able to reason like humans do, according to a Bloomberg report. OpenAI executives told employees that the ... Read more ›
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Axel Springer CEO Mathias Dopfner is discussing a breakup of the media company with major shareholder KKR, the Financial Times reported. Under the breakup being discussed, Dopfner and Friede Springer, the widow of the company founder, would take control of media properties including Business ... Read more ›
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The House of Representatives failed on Thursday to approve an override of President Joe Biden’s veto of a legislative resolution to repeal a controversial crypto accounting guidance by the Securities and Exchange Commission, keeping in place a rule that discourages banks from entering crypto ... Read more ›
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Tesla plans to delay its highly anticipated robotaxi introduction from August to October, according to Bloomberg. The change, which was communicated internally at the electric vehicle maker, will give teams more time to work on prototypes, according to the report. Musk first announced an August ... Read more ›
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Mark Pincus, the wealthy Zynga founder, is the latest high-profile Democratic donor to call on President Joe Biden to end his presidential campaign. Pincus wants Democrats to put forward a younger candidate with a better shot at defeating Donald Trump, such as California Gov. Gavin Newsom and ... Read more ›
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The Securities and Exchange Commission has ended its investigation into stablecoin company Paxos and will not pursue enforcement action over its past issuance of BUSD, a Binance-branded stablecoin. Paxos said Thursday it received a formal notice from the SEC on July 9 about the termination of ... Read more ›
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When Hailify was founded in 2017 as an app for Uber and Lyft drivers to manage competing gigs, Shein was a little-known Chinese startup and Temu didn’t exist. Hailify’s initial business plan didn’t work out, but it now has found new life dropping off thousands of parcels each day shipped from China by companies including Temu at the doorsteps of U.S. shoppers. Hailify is part of a large ecosystem of... Read more ›
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Struggling hair care brand Olaplex announced the hiring of former Away executive Catherine Dunleavy as CFO and COO, and the appointment of fashion industry veteran Katie Gohman as chief marketing officer. The C-suite additions come as the one-time pandemic darling looks to turn around slumping ... Read more ›
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A year ago, when Amazon Web Services executive Matt Wood told developers that the firm aimed to be “neutral” in the large language model market, by offering several options that excel in different ways, many saw it as an excuse for being late to the AI race.Now, AWS might be having the last laugh. Microsoft is increasingly adopting a similar strategy, hedging its bet on OpenAI by semi-acquiring Inflection AI... Read more ›
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The crypto industry is bracing for what could be its most consequential event yet: the 2024 U.S. presidential election. Barring last-minute changes in candidates, the race will pit two candidates with drastically different stances against each other: Joe Biden, whose administration steered a two-plus-year regulatory crackdown, and Donald Trump, who said he will end his opponent’s “war on crypto.” Crypto leaders and investors have rallied behind Trump, with big-ticket donations... Read more ›
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Phil Schiller may be wondering what he did wrong. Just over a week after we learned that Apple would get a board observer position at OpenAI—to be filled by Schiller—those plans are off. Microsoft meanwhile is also giving up its OpenAI board observer role, saying it was no longer necessary. Were the board meetings that boring? (Kidding!)While anything involving Apple, Microsoft and OpenAI is catnip to reporters, these developments may... Read more ›
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Intuit CEO Sasan Goodarzi told staff Wednesday that the company plans to lay off 1,800 employees, or roughly 10% of its workforce, as it looks to invest in new AI-powered services. Goodarzi said the move was not a cost-cutting measure, and that Intuit will replace the roles with new hires in ... Read more ›
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Google ended acquisition discussions with marketing software firm Hubspot, Bloomberg reported. HubSpot’s stock fell immediately following the news, ending the trading day down 12% at $491.12. The online search giant had reached out to Hubspot to express interest in buying it earlier this year, ... Read more ›
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The investor excitement around artificial intelligence is boosting funding for creator economy startups, reversing two years of straight declines. The second quarter extended the first quarter rebound, reflecting investors’ confidence that startups can leverage generative AI to develop useful tools for creators. (You can read our full story, which has the latest funding data from our Creator Economy Database, here.)Investors think AI is poised to make creating content, from videos... Read more ›
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A senior advisor to U.S. President Joe Biden met with a group of top executives in the crypto industry in a roundtable in Washington on Wednesday, in a rare engagement between the two sides. The advisor, Anita Dunn, attended the meeting in a personal capacity, during which she acknowledged the ... Read more ›
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Microsoft has settled an antitrust complaint lodged by a European lobbying group over its cloud software licensing practices, Microsoft said on Wednesday. The complaint was filed in 2022 by CISPE, a group comprised of Amazon and smaller cloud computing providers in Europe, and alleged that ... Read more ›
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Venture capitalists are rediscovering their flair for the creator economy. In the first half of this year, U.S. creator economy startups raised roughly as much money as in all of last year, according to new data from The Information’s Creator Economy Database. In the second quarter alone, U.S. creator startups raised $692.7 million, up 68% from a year earlier and more than double the amount raised in the first quarter.... Read more ›
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Advanced Micro Devices has agreed to acquire Silo AI, a Finnish AI model developer, for approximately $665 million in cash, the company announced on Wednesday, as it looks to close the gap against chip giant Nvidia. Helsinki-based Silo helps large companies build specialized AI models and ... Read more ›
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CNET
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Wired
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5% 0 |
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26.11.2024 12:37
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