Would Threads would overtake X? Will Sam Altman be toast? After 52 lively episodes, we looked back on some of our big themes, gave ourselves some grades and looked to the next year in tech. Hope you enjoy! Apple Spotify YouTube Read more ›
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In January 2021, Alexandr Wang’s friends and colleagues gathered for a party at his swank South of Market apartment, which featured a 2,000-foot private terrace with a hot tub and views of the San Francisco skyline. Wang, co-founder and CEO of Scale AI, wanted to mark his birthday with a bang: He was turning 24. Wang had spent the holidays with his family in his native New Mexico and returned... Read more ›
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There are dozens of tech companies hoping to go public, including specialists in enterprise software, retail, artificial intelligence—and most surprisingly, crypto. This week, we reported that Animoca Brands, which owns stakes in more than 400 crypto and metaverse companies, is looking into going public next year. The company was previously publicly traded in Australia but delisted in 2020. This time, it’s considering listing shares in Hong Kong or the Middle... Read more ›
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Yusaku Maezawa had just a few requests for SpaceX. In 2018, the Japanese e-commerce billionaire had agreed to pay SpaceX to fly himself and a crew of eight artists around the moon for a first-of-its-kind project called dearMoon. As part of the deal, Maezawa asked SpaceX to customize the interior of the crew capsule of Starship, the 400-foot-tall rocket that would take the group to space. Mockups of the design... Read more ›
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This morning, I read Brian Stelter’s just-published opus in The Atlantic on the travails of The Washington Post and its owner, Jeff Bezos, with much interest.The paper’s business struggles and leadership crisis are a constant closed-door subject among news leaders right now. The piece is excellent and full of details about Bezos’ hands-off approach, raising important questions about how one of the world’s most successful businesspeople will lead the company... Read more ›
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Early last year, venture capitalist Tom Loverro offered a grim prediction. He wrote that a mass extinction event was coming for startups that would make the 2008 financial crisis “look quaint.” At the time, he told companies to reduce expenses through layoffs and focus on survival rather than keeping their valuations high. Now he’s back with a much rosier projection. Startups that endured that gruesome period can start spending to... Read more ›
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I’m at VidCon, where the Anaheim Convention Center is bustling and the mood is upbeat, even though it feels like brands and social apps shelled out less money for splashy pop up experiences and lounges than in the past. The displays did underscore how the creator economy is maturing, as more big brands get behind influencers. Fanta parked a bright orange truck outside the convention center promoting the relaunch of... Read more ›
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Under pressure from regulators in Europe and elsewhere, Apple in recent years has taken small steps toward making the iPhone easier for consumers to repair. But self-repair remains a cumbersome step for consumers—particularly when it comes to battery replacement. Under a law passed by the European Union last year, phone makers have to ensure smartphone batteries can be replaced by their owners with easily accessible tools by 2025. With that... Read more ›
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U.S. rules curbing the export of artificial intelligence chips to China are beginning to squeeze the country’s AI industry. And companies ranging from behemoths like Alibaba to rising startups like Moonshot AI are all grappling with the impact. After Chinese online video giant Kuaishou unveiled a test version of Kling, its text-to-video AI model similar to OpenAI’s Sora, so many people rushed to sign up for the trial that Kuaishou... Read more ›
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We repeatedly heard two questions following our report on OpenAI’s staggering revenue growth earlier this month: What percentage of revenue comes from ChatGPT subscriptions versus OpenAI’s application programming interface, through which app developers can access its models? And what are OpenAI’s computing costs?This morning’s in-depth piece from Aaron brings us closer to answering both.Subscriptions to ChatGPT are the majority of OpenAI’s revenue by quite a margin—but its API business seems... Read more ›
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When Microsoft formed an alliance in 2019 with OpenAI to resell the startup’s artificial intelligence, it brought the reputation, connections and sales muscle to the table that seemed key for winning deals with large customers. Turns out OpenAI itself has gotten pretty good at cutting those deals. The revenue that the startup—best known for its ChatGPT chatbot—makes from selling access to AI models such as GPT-4 now exceeds what Microsoft... Read more ›
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A senior U.S. lithium industry executive has called for Western car and battery companies to pay a premium for lithium refined in the U.S., arguing that prices for the metal are too low to cover the cost of building and running processing plants there. Read more ›
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I'd prefer that artificial intelligence stay out of filmmaking, but like any other industry, AI is bound to disrupt Hollywood, especially if it’s left up to venture capitalists. News this morning proves it. Independent film studio A24 announced that it has raised money from New York venture capital firm Thrive Capital, run by Josh Kushner—brother of Jared Kushner. I hear that Thrive invested $75 million of a $250 million round... Read more ›
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The Kids Online Safety Act, a federal bill that requires social media platforms to take “reasonable measures” to prevent harm, is scheduled to be considered by the House Energy and Commerce Committee Thursday. It’s a small step for proponents of the bill after years of political rumblings about the need for tougher controls over social platforms. Some tech companies, notably Snap and X, support the proposed legislation. But there’s no... Read more ›
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Amazon plans to launch a section on its shopping site featuring cheap items that ship directly to overseas consumers from warehouses in China, according to slides shown to Chinese sellers, marking the e-commerce giant’s most aggressive response yet to the growth of bargain sites like Temu and Shein. The new marketplace will offer unbranded fashion, home goods and daily necessities, according to the slides, and orders will take 9 to... Read more ›
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We’re in the throes of artificial intelligence fever, but lessons from the last AI hype cycle still linger. Nearly four years ago, my colleague Amir published two stories detailing how businesses were starting to use artificial intelligence in meaningful (if sometimes rarified) ways, from checking the health of a Norwegian fish farm’s stock to scanning a T-Mobile customer service representative’s notes. Such practical uses were notable. At the time, AI... Read more ›
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Animoca Brands, a crypto gaming and metaverse conglomerate valued at $6 billion in 2022, is considering a public listing in Hong Kong or the Middle East as early as next year, co-founder and executive chair Yat Siu said. That would mark a return to public markets for the company, more than four years after it delisted from the Australian Securities Exchange amid questions about its accounting. Hong Kong and the... Read more ›
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And now for some good news. Self-driving cars, after more than a decade of overhyped chatter, are actually getting somewhere.Waymo, Alphabet’s self-driving car unit, on Tuesday extended its robotaxi service to everyone in San Francisco, four years after it made a similar move in Phoenix. Also on Tuesday, Uber Freight and Aurora announced that Uber Freight will use Aurora-powered self-driving trucks, expected to begin service on the Dallas-Houston route at... Read more ›
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Last week, I reported that Zepto, an Indian instant-delivery company, was closing a new round at a valuation of $3.6 billion, the first financing for a non–artificial intelligence startup I’ve written about in ages. Since then, I’ve learned the company is already in discussions with investors about raising more, at a higher valuation, as U.S. firms plead for a spot aboard what they claim is an Indian rocket ship. Zepto... Read more ›
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I’m in Los Angeles this week ahead of VidCon, the annual conference focused on creators. The organizers of the event, which last year drew 55,000 people, expect the biggest theme this year to be the creator economy’s “coming of age.” After the boom in venture funding for startups and hype around the sector dissipated, investments have rebounded. The big question is what comes next. “We’re starting to see content creators... Read more ›
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26.11.2024 17:13
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