OpenAI and its artificial intelligence rivals get all the headlines, but few venture-backed companies have benefited more from the AI boom than CoreWeave, a cloud provider. That's thanks to Nvidia, which allocated some of its precious AI server chips to CoreWeave rather than large clouds like Amazon Web Services, prompting startups and even Microsoft to collectively commit to spending billions of dollars to rent CoreWeaveâs servers. On Friday, CoreWeave said... Read more âș
0
It was Microsoftâs turn today to talk about all of the ways it plans to make your life better with artificial intelligence. The various new features and products it announced felt a littleâdare we say it?âbland. But that might be more than okay. In one case, it showed a new version of its Copilot assistant for Windows PCs that can observe what youâre doing on your computer, then coach you... Read more âș
0
Military defense startup Anduril has had early discussions to raise what would be one of the largest venture capital rounds of the year so far, seeking about $1.5 billion of fresh funds that would value the company at $12.5 billion or more, two people who have spoken to the company said. The potential funding round would be an increase from the $8.5 billion valuation at which investors including Valor Equity... Read more âș
14
In classic OpenAI fashion, big drama dropped on Friday. Jan Leike, who formerly co-led OpenAIâs superalignment team with Ilya Sutskeverâthe co-founder and chief scientist who temporarily ousted CEO Sam Altman in Novemberâexplained on X why he left the company. Altman & Co. failed to give superalignment, which aimed to be a check on OpenAI researchers developing the AI, enough resources and say over the companyâs work, he said. Disagreements about... Read more âș
0
In China, dozens of startups have been competing to develop conversational artificial intelligence for the Chinese market. Now some are starting to pull ahead, in part due to backing from tech giants with large cloud operations like Tencent and Alibaba. Among them is Moonshot AI, developer of a chatbot that can process millions of Chinese characters in a single prompt. The one-year-old startupâs executives have been in talks with investors... Read more âș
0
In January, Chinaâs Contemporary Amperex Technology Ltd., the worldâs largest battery manufacturer, slashed the price of its iron-based battery cells 40% below the global industry average. Western battery industry veterans told me at the time that the price had to be a one-off promotion for CATLâs best customers. It was not possible to make money at such prices, they said.Today, CATL is still advertising the cells at about $56 per... Read more âș
15
Welcome, Weekenders! In this newsletter:A cautionary tale of startup ego and herd mentalityWhere to stay, network and dine in CannesPlus: The dangers around astro-ambitions; an intriguing underworld all over again; and a Hollywood resurrection that actually went well.  Remember a few years ago when Mark Zuckerberg existed in the public consciousness mostly as a stiff automaton and evil tech overlord? Well, heâs cool now! Weâre not talking about Facebook and... Read more âș
27
Franceâs most famous meet-and-greet resort has downed a triple espresso martini. Over the past 12 months, Cannes has been upgraded with enough new clubs, bars and hotels to satiate all the celebrities, movie moguls, global creatives and CEOs jetting in for the Cannes film festival happening right now, followed by the Cannes Lions International Festival of Creativity, the media and advertising fete that starts next month. And while the old... Read more âș
0
Itâs Friday so it seems fitting to take a break from cloud computing, artificial intelligence, balance sheets and the other themes we usually cover here to talk briefly about a more recreational topic: video games. Earlier this week, Take-Two Interactive Software dropped some big news when it said Grand Theft Auto VI will come out in the fall of next year. The last new version of the megahit franchise came... Read more âș
0
There is a debate brewing on the More or Less pod:Â "Do we have to talk about AI again?" Of course, you can't escape AIÂ these days, and we won't avoid it. But we also feel the fatigue. Perhaps that is why, on cue, Sam (almost) declared himself an AI bull! Have a great weekend, and I hope you enjoy this episode. Apple Spotify YouTube Read more âș
0
Tactical use cases. Need for change management. Searching for business outcomes. Multiple fundamental challenges. These are the results of the survey of 160 executives conducted by The Information about how enterprises are implementing artificial intelligence, and they paint a picture of typical early days for the adoption of new technology. A majority of survey respondents (53%) say that to succeed companies must excel at AI. Today, the gains from AI... Read more âș
0
Apple is developing a significantly thinner version of the iPhone that could be released as early as 2025, according to three people with direct knowledge of the project. The slimmer iPhone could be released concurrently with the iPhone 17, expected in September 2025, according to the three people with direct knowledge and two others familiar with the project. It could be priced higher than the iPhone Pro Max, currently Appleâs... Read more âș
75
We launched our latest Pro database on Wednesday, the Sports Rights Database. My colleagues Sahil and Akash detailed more than $180 billion in sports rights deals across eight professional and college sports leagues and 10 platforms, including Disneyâs ESPN and Apple TV+. Read more âș
0
Last summer, more than a hundred people crowded into the brightly lit basement of a Lululemon store in Manhattan at the invitation of Lacework, a cybersecurity unicorn. By all appearances, the startup seemed to enjoy an enviable position, with an $8.3 billion valuation and an assortment of blue-chip investors, including Sutter Hill Ventures, Coatue Management and Tiger Global Management. But behind the scenes, Lacework CEO Jay Parikh was, in fact,... Read more âș
0
A group of investors including Sean Parker, Facebookâs first president, has discussed making an investment in Stability AI, a startup developing products that run on open-source image generator Stable Diffusion, according to a person directly involved in deal conversations. The deal would represent a lifeline for Stability, which has been talking to potential buyers as it faces a cash crunch and unpaid cloud computing bills. The investment group also includes... Read more âș
3
A few years ago, in the salad days of startups like Gopuff, Getir and Gorillas that promised grocery deliveries in as little as 10 or 20 minutes, investors like SoftBank and Mubadala bet billions of dollars on the idea that shoppers wanted âultrafast delivery.â Now itâs looking like the actual future of delivery will wind up being âjust fast enough.â The ultrafast startups have withered or died altogether. Meanwhile, Amazon... Read more âș
0
This is turning into the year of venture capital breakups.First, two high-profile splits announced last year became official in 2024. At Tiger Global Management, private investments chief Scott Shleifer moved into an advisory role at the firm led by Chase Coleman. And Neil Shenâs Sequoia Capital China (now HongShan) officially split from Sequoia Capital, led by Roelof Botha. Now it seems that breakups between leaders of small VC funds are... Read more âș
0
Over the last year, weâve seen more creators try to expand their offline businesses, inspired by high-profile launches such as MrBeastâs snack company Feastables and Emma Chamberlainâs Chamberlain Coffee, which disclosed in a filing Wednesday it had raised an additional $4.6 million in funding. While that trend is likely to continue, it could get more challenging due to kinks in a key support line to retail businesses: credit. Earlier this... Read more âș
9
Figma employees and early shareholders collectively will be able to sell as much as $900 million of their shares after lining up commitments from nearly two dozen new and existing backers that valued the design collaboration startup at $12.5 billion. The price represents a nearly 38% decline from Adobeâs proposed plan to buy the company for $20 billion, but should soften the blow for staff who had hoped to cash... Read more âș
8
For years, many current and former executives at Amazon expected Matt Garman to lead Amazon Web Services someday, given his long tenure at the cloud provider and reputation as a protĂ©gĂ© of AWSâ first leader, Andy Jassy. But that day arrived a little sooner than they expected when Jassy, now Amazonâs CEO, said Tuesday that Garman would take over from Adam Selipsky, who has led AWS for the past three... Read more âș
0
Most popular sources
Business Insider
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20% 12 |
The Verge
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10% 4 |
Gizmodo
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8% 3 |
Tech Wire Asia
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8% 1 |
Tom's Hardware
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8% 5 |
| View sources » | |
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27.11.2024 07:33
Last update: 07:26 EDT.
News rating updated: 14:22.
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