Shares of database provider Snowflake jumped more than 19% in the wake of its report after dropping less than 1% in regular trading. Investors seemed to be encouraged that the company sailed well past its earlier quarterly product revenue projections and raised its full-year ... Read more ›
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It’s early June, which means the kids are getting excited for months of uninterrupted summer playtime and pursuits. That begs the question: Why should they get to have all the fun? For many of those kids, a portion of that happens at summer camp. (And we had suggestions about those camps a few weeks ago.) For many grownups, a dose of summer camp-style living may be just what they need... Read more ›
6
In just over a year, artificial intelligence startup Harvey raised three investment rounds to develop software that takes the drudgery out of legal paperwork. Now the company wants an even bigger war chest—one that could help it acquire other companies. The San Francisco startup has been talking to investors about raising $600 million at a valuation of at least $2 billion, more than double its valuation from a December financing,... Read more ›
23
This was Jensen Huang’s week. As we saw when he appeared at the Computex conference in Taipei this week, Huang is now a fully fledged celebrity CEO. (See Qianer Liu’s report on Computex below). Fittingly, Nvidia also this week briefly passed Apple as the second most valuable company, with a $3 trillion market capitalization. It’s extraordinary that someone who runs a company that two years ago most people wouldn’t have... Read more ›
0
Welcome to Episode 50! We haven't shied from talking about how brutal the startup market is right now. But that doesn't mean there aren't great things to build. So, this week we shared some thoughts on what WE would build, starting with a sector close to our hearts: media. Plus, Brit on the Life360 US IPO and my attempt to up my merch game. Apple Spotify YouTube Read more ›
0
Three years before Reddit went public in March, CEO Steve Huffman made a big hire. He tapped Drew Vollero to be Reddit’s first chief financial officer, after Vollero had shepherded Snap as its CFO through an initial public offering in 2017.Vollero is one of the 31 top executives included in the Reddit Org Chart we published earlier today. Like Vollero, almost two-thirds of those leaders spent time at other digital... Read more ›
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Ahead of its initial public offering in March, Reddit trumpeted its digital advertising business, which accounts for nearly all of its revenue. So it’s fitting that nearly two-thirds of its top executives previously worked at companies that sell digital ads. At least 19 of the company’s 31 top executives previously worked at Google, Meta Platforms, Snap or other companies that sell ads, according to The Information’s new Reddit Org Chart.... Read more ›
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Has Nvidia peaked? That’s a question investors may be pondering today, after The New York Times report that the U.S. antitrust police have decided to open an inquiry into the chip maker. (It’s surely coincidental that the report came a day after Nvidia passed $3 trillion in market capitalization, making it the second most valuable company, above Apple and behind Microsoft, although it fell today just below Apple). It sometimes... Read more ›
0
It’s been pretty bleak for venture capitalists in China over the last two years. U.S. pensions and endowments halted investments. Existing investors demanded cash distributions. Fundraising plunged. But lately China’s venture capitalists have decided they can’t wait until the downturn passes to hit the fundraising circuit.Several China-based fund managers are raising new U.S. dollar-denominated funds, according to a limited partner and a fundraising adviser who have spoken with these fund... Read more ›
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Google’s YouTube is now in the thick of upfront negotiations with advertisers, a period when networks and streaming services like Netflix compete for billions of dollars in ad-spending pledges. YouTube can trumpet the fact that more people in the U.S. are watching the app when they turn on a TV than any other streaming service.In fact, YouTube has been pressing that point with advertisers over the last few weeks, current... Read more ›
0
The open-source artificial intelligence community has been buzzing over allegations that three U.S.-based developers—including two Stanford University undergraduates—copied parts of a multimodal large-language model developed by a Chinese lab founded by Tsinghua University and Beijing-based AI startup ModelBest.This incident might seem trivial to many onlookers, especially compared with higher-profile examples of developers ripping off AI models. But it has struck a chord with the industry—perhaps because t Read more ›
0
Franklin Templeton, the 77-year-old mutual fund heavyweight named in honor of founding father Benjamin Franklin, is exploring launching a new crypto fund that will invest in a range of tokens beyond bitcoin and ether, according to people with direct knowledge of the effort. While some traditional asset managers like BlackRock and Fidelity have launched exchange-traded funds investing in bitcoin and are planning for an ether ETF next, Franklin Templeton would... Read more ›
0
A few weeks ago, at a former jellybean factory in Emeryville, California, I tasted what may be the future of food: the lab-grown, or cultured, meat produced by Prolific Machines, a four-year-old startup that has been operating in secret while it develops its technology. “Last night, I worried what you were going to think,” admitted cofounder Declan Jones, 30, a funny Englishman clad in a purple tie-dyed Alice Coltrane t-shirt.... Read more ›
0
Mercedes-Benz, aiming to introduce next-generation solid state batteries into its electric vehicles by 2026, said it has moved into advanced tests of a battery developed by Massachusetts-based Factorial Energy. The move comes amid increasing industry and investor skepticism about the mass-market potential of most next-gen EV batteries. Read more ›
3
The U.S. government forbids Nvidia from selling some of its most advanced artificial intelligence chips to customers in China. But it doesn’t stop Chinese firms from buying or renting Nvidia’s chips if they’re used within the U.S. Some big Chinese tech firms have taken advantage of that loophole, or tried to. ByteDance, owner of TikTok, has been renting Nvidia’s best chips from Oracle for AI computing, according to two people... Read more ›
10
Activist investor Elliott Investment Management has bought a more than $2 billion stake in Japanese conglomerate SoftBank Group, and is making an explicit demand for the company to buy back $15 billion of its shares, the FT scooped today. But the implicit message is telling: Investors like Elliott don’t trust that Masayoshi Son has really learned his lesson from previous mistakes at his investment arm, the Vision Fund.The pressure comes... Read more ›
0
When real estate broker Ryan Serhant appeared on Bravo’s reality TV series “Million Dollar Listing New York” in 2012, he got an instant taste of fame. “The next day, I was walking around New York City and I was stopped 10 times on the street,” Serhant recalled in a recent interview. “Just being on TV at the height of cable TV was enough.” Read more ›
0
The artificial intelligence boom has ignited an intense response from regulators that will shape the future of AI startups, platforms and open source. President Joe Biden last year issued an executive order on AI and the EU has its AI Act. In the first half of 2024, state lawmakers across the U.S. have introduced 745 AI-related bills—10 times as many as were proposed in all of 2023. California’s most sweeping... Read more ›
0
If you’re an investor who’s turned negative on Amazon Web Services because of its much-reported growth slowdown of 2023, you might want to look again. While the pioneer of cloud computing is no longer posting red-hot topline expansion numbers, growth picked up meaningfully in the first quarter. Meanwhile, its profit margins are looking healthier than ever. And it’s a good bet AWS will keep them that way, despite the big... Read more ›
9
OpenAI’s forthcoming artificial intelligence-powered voice assistant, which allows users to speak with ChatGPT on their phone, has generated tremendous buzz in the industry, and not just because of ScarJo. That’s because developing AI models that can understand human voices and generate realistic AI voices is a lot harder than you might think.While text chatbot users may be OK with waiting a few seconds for written answers, a few seconds of... Read more ›
3
In another setback for a maker of a next-generation electric vehicle battery, Massachusetts battery developer Ionic Materials let go virtually its entire workforce on Tuesday, closed down and made plans to sell its equipment and other assets, according to multiple former employees. The company fired more than 40 employees, two of whom said they received two weeks of pay as severance. Ionic attracted investor attention in 2018, claiming it had... Read more ›
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Most popular sources
Business Insider
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30% 4 |
Wired
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9% 6 |
The Verge
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8% 0 |
Tech Wire Asia
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6% 5 |
Gizmodo
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6% 0 |
| View sources » | |
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27.11.2024 03:45
Last update: 03:41 EDT.
News rating updated: 10:40.
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