Non-alcoholic beer maker Athletic Brewing Company raised $50 million in a General Atlantic-led funding round, the company said Tuesday, as it looks to double its brewing capacity and spend more on marketing. The new round values the company at around $800 million, The Wall Street Journal ... Read more ›
0
Andreessen Horowitz, one of the most active venture capital investors in generative artificial intelligence, has added a new tool to its arsenal for winning deals in hot AI startups. The firm has secured thousands of AI chips, including Nvidia H100 graphics processing units, and is renting them to portfolio companies, according to a person who has discussed the initiative with the firm’s partners. It plans to expand the clusters to... Read more ›
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Venture capital firm HongShan, formerly known as Sequoia Capital China, closed a new Chinese currency fund in March after raising 18 billion yuan ($2.48 billion), The Financial Times reported. The Information reported last year that HongShan, led by prominent venture capitalist Neil Shen, was in ... Read more ›
0
Buyout firm Bain Capital is nearing a deal to buy publicly-listed financial software vendor Envestnet, Reuters reported. The deal would reportedly value the firm at close to its current stock price of around $63, which translates to a $3.5 billion market capitalization. Envestnet’s stock has ... Read more ›
0
Larry Ellison is having quite the summer. First Oracle scores a deal with OpenAI and Microsoft to help handle OpenAI’s workloads. And now Ellison’s son, David, has struck a deal to buy Paramount Global, owner of CBS and Paramount Pictures, a purchase the elder Ellison is partly financing. Larry Ellison’s Hollywood footprint is growing.David Ellison promises to bring a more tech-forward approach to Paramount, including by shifting animation production to... Read more ›
24
A $1 billion donation from Mike Bloomberg, the former New York City mayor and co-founder of media and data service Bloomberg LP, will fund free tuition for most students at Johns Hopkins University’s medical school. The gift will pay full tuition for students whose families earn less than ... Read more ›
0
Scale AI’s 27-year-old CEO, Alexandr Wang, used to compete in national high school math competitions. His latest math-related victory may have been convincing investors in Silicon Valley to stretch his own company’s numbers. The startup’s $13.8 billion valuation, from a billion-dollar round it raised in May, is almost certainly too high, whichever formula you use. The eight-year-old startup mostly handles the low-end work on artificial intelligence that large-language models developers... Read more ›
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What’s the next hot area for global tech growth? Amir Efrati, executive editor of The Information, along with Heng Tong Choo, executive vice president of the Singapore Economic Development Board, and Jared Koh, regional director of the EDB, recently invited 12 founders and tech executives to discuss the question. Over dinner at San Francisco’s Nari restaurant, the group covered multiple topics including artificial intelligence, expansion strategies for enterprises looking to... Read more ›
0
One constant over the last year has been how much money large language models makers such as OpenAI and Anthropic need for their development work—and how eager venture investors are to fund them. Last week we published this report showing that a cluster of venture firms are responsible for many of those bets, even as doubts simmer over whether these AI startups will ever turn a profit. It also showed... Read more ›
3
OpenAI last month announced plans to crack down on China-based artificial intelligence developers covertly accessing the startup’s technology, which it doesn’t offer in China. But OpenAI’s conversational AI models are available to Chinese businesses—if they sign up for Microsoft’s Azure cloud service, which operates in China through a local joint venture. Microsoft makes clear in its public statements that Azure China, operated as a joint venture with local company 21Vianet,... Read more ›
3
David Ellison’s Skydance Media and Paramount Global formally unveiled their merger, ending for now the months-long auction of the TV and film company. Skydance promised to bring its tech-forward management approach to overhauling Paramount, which owns CBS, MTV, Paramount Pictures as well ... Read more ›
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Paramount Global could announce a plan to merge with David Ellison’s Skydance as soon as Monday, numerous reports said on Sunday, in what could conclude a months-long auction of the film and TV company. Skydance is to buy out the controlling stake in Paramount held by Shari Redstone’s family ... Read more ›
0
The founder of UK fintech Revolut, Nik Storonsky, plans to sell millions of dollars worth of stock in an upcoming secondary offering of Revolut stock, Sky News reported. The report said the offering was part of a $500 million share offering being organized by Morgan Stanley, at a target ... Read more ›
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Welcome, Weekenders! In this newsletter:Where Sam Altman, Jeff Bezos and Tim Cook are going next week25 great TV shows and movies for summer 2024Plus: a jailhouse monster; how Juul caught fire; and a wonderland of Miyazaki-style magic.With the Fourth behind us, I suppose we’d all do best to grit our teeth and prepare ourselves for the slog toward the next big occasion on America’s collective calendar, Election Day. The monthslong... Read more ›
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A couple years ago, Rembert Browne, a former journalist turned Twitter editorial director, received the type of phone call many former journalists dream about: Would he like to do some screenwriting? He very much did want to, so he blocked off chunks of time on his corporate calendar as unavailable—“I was not doing a lot of work,” he said with a laugh—and signed on to co-write “Clipped,” a dramatization of... Read more ›
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Another day, another barrage of stories about fretful Democratic donors, worried Democratic insiders and a defiant reelection campaign from President Joe Biden. If you’re a liberal Silicon Valley or Hollywood type with strong Biden allegiances and political proclivities, you may find yourself stuck between two playbooks used in business.One would dictate ignoring Biden’s critics, battening down the hatches and riding out the news cycle. Plenty of business success stories are... Read more ›
1
European Union competition chief Margrethe Vestager said the antitrust watchdog was looking into potential ways that Nvidia could be abusing its market dominance in selling artificial intelligence chips, Bloomberg reported. Speaking to a Bloomberg reporter while on a trip to Singapore, Vestager ... Read more ›
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European Union competition chief Margrethe Vestager said the antitrust watchdog was looking into potential ways that Nvidia could be abusing its market dominance in selling artificial intelligence chips, Speaking to a Bloomberg reporter while on a trip to Singapore, Vestager said her group has ... Read more ›
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We hope you all had a wonderful Fourth of July. My how summer is flying by! Next week marks the start of Allen & Co.'s Sun Valley mogul-fest. And while, in many ways, the event is becoming less important to the tech conversation, I think this year will be interesting, as I lay out. Plus, Sam's very, very definitive guide to the summer's best racquet sports. And more. I hope... Read more ›
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The European Union on Friday asked Amazon to share more information about its recommendation algorithms and ads business, a request the bloc said was required for the company to comply with a law called the Digital Services Act. The EU said Amazon must detail how it’s complying with parts of the ... Read more ›
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Most popular sources
Business Insider
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29% 1 |
The Verge
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9% 4 |
Tech Wire Asia
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8% 1 |
Wired
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7% 4 |
CNET
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6% 1 |
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26.11.2024 17:17
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