Cybersecurity startup Wiz is in advanced talks to acquire Lacework, one of its largest private competitors, according to two people with direct knowledge of the talks. The deal values Lacework at between $150 million and $200 million, according to one of the people, a sharp decline from the companyâs 2021 valuation of $8.3 billion. The talks come as small cybersecurity firms offering individual products are facing a tougher competitive environment,... Read more âș
28
When youâre covering a space as hyped-up as generative AI, it can be easy to become jaded and overly skeptical (something I have to combat every time I see yet another AI funding round valued at a 100-times forward revenue multiple).But, thereâs still plenty in AI to be excited aboutâjust take a look at this piece from my colleague Aaron Holmes, which highlights the startups and big tech companies getting... Read more âș
3
As many businesses remain cautious about spending on conversational artificial intelligence, AI providers such as Microsoft, OpenAI and Google are racing to make the technology more of a must-haveâby introducing new features that can handle complex tasks with little guidance from the customer. Microsoft, for instance, is making software to automate multiple actions such as creating, sending and tracking a client invoice based on their order history or rewriting an... Read more âș
1
Tesla CEO Elon Musk is vowing accelerated development of the fully driverless Robotaxi, brushing aside calls from analysts and investors to walk back his abrupt postponement of a long-awaited $25,000 electric vehicle. âGoing balls to the wall for autonomy is a blindingly obvious move,â Musk said in a tweet Tuesday. âEverything else is like variations on a horse carriage.â Read more âș
0
Itâs good to see that Teslaâs board is focusing on whatâs important. The electric car maker revealed today that it will put Elon Muskâs contentious 2018 pay package to a shareholder vote again in mid-June, along with a proposal to move the companyâs corporate domicile to Texas from Delaware. The pay vote makes sense: Musk created value and should get paid. A Delaware judge voided the package after shareholders filed... Read more âș
26
After a bruising couple of years for cash-burning financial technology startups, valuations are starting to rise again. Khosla Ventures and Founders Fund are co-leading a $150 million financing of Ramp, which offers credit cards and software for managing corporate expenses, at around a $7.65 billion valuation including the new capital, according to a person who spoke to Ramp executives about the deal. That number, which is up 36% from its... Read more âș
38
Thereâs a palpable anxiety in Hollywood about AI leading to job losses or automating some of the creative process. Creative Artists Agency, the talent agency that represents stars like Brad Pitt and Reese Witherspoon, is also trying to figure out how entertainers can benefit. Last fall, the talent agency started testing a new initiative called CAA Vault with certain A-listers that allows them to make a digital double of themselves. Read more âș
0
A year ago, the board of Salesforce, one of the most acquisitive companies in tech, disbanded its mergers and acquisitions committee as it faced pressure from activist shareholders to reduce spending. The economic backdrop had sent deal-hunters into hiding. Forecasters braced for a global recession. Investment bankers complained they had nothing to do.But in recent days thereâs been signs that the deal market is beginning to turn. News last week... Read more âș
0
More than two-thirds of The Informationâs readers think Joe Biden would be a better president for the technology sector than Donald Trump, despite the Biden administrationâs aggressive antitrust policies and moves to regulate artificial intelligence. Roughly 68% of respondents to The Informationâs latest reader survey said they believe Biden would be better for tech, compared with 32% who think Trump would be better for tech. The Information surveyed readers from... Read more âș
0
There are plenty of reasons generative artificial intelligence hasnât taken off with businesses as much as pundits expected, including high costs and errors (i.e. hallucinations). One less-discussed reason is that conversational AI is simply hard to use. Big companies outside of tech canât often hire the kind of technical talent needed to make AI software cheap enough to use at scale or to connect the AI to their private data... Read more âș
43
When one-click checkout startup Bolt told investors it would buy back their shares at what amounted to a 97% discount on the companyâs late 2021 fundraising, it wasnât clear why the company would make such an unusual move. After all, Bolt was burning cash as revenue flatlined. A new lawsuit may provide an answer. Bolt co-founder Ryan Breslow, who stepped down as CEO two years ago, masterminded the lowball offer... Read more âș
0
Mistral, a Paris-based startup developing artificial intelligence that is open source, has been speaking to investors about raising several hundred million dollars at a valuation of $5 billion, according to a person with direct knowledge. The company, which has just recently begun to generate revenue, in December raised $415 million at a valuation of $2 billion. The possible back-to-back financing reflects investorsâ continued appetite for certain AI startups and the... Read more âș
8
Itâs not only tech companies that see artificial intelligence as a big new moneymaking opportunity. Itâs a potential gold mine for investment banks, according to Goldman Sachs CEO David Solomon. Using a newer piece of corporate lingo, Solomon âdouble-clickedââelaborated, in plain Englishâon the potential of AI while he was speaking on Mondayâs earnings call. The need for companies and governments to finance the infrastructure and power necessary for AI technologies... Read more âș
2
When Elon Musk arrived at Teslaâs Austin, Texas, factory last week to tour an expansion project on the south side of the 10-million-square-foot facility, he was furious. The expansion was part of a high-priority project for Musk: a data center for Dojo, a supercomputer Tesla is developing. Dojo is necessary to make full self-driving capabilities, powered by artificial intelligence, a reality for Teslaâs electric vehicles. But on that day in... Read more âș
33
These days, when I think of startups in the âcreator economy,â a subsector propelled by the rise of TikTok and influencers, I think of pricey disappointments like Cameo and Clubhouse, or one of several smaller ventures that shuttered in recent months. And I struggle to come up with any big winners, beyond giants like ByteDance and Instagram, which for years has been part of the Meta Platforms juggernaut. Investors, burned... Read more âș
0
We are so back (sort of). Funding for U.S. creator economy startups increased for the first time in two years, bucking a continued slump in overall funding for American startups. Investments in these U.S. startups more than doubled in the first three months of the year to nearly $341 million year-over-year, according to The Informationâs Creator Economy Database. Compare that to last yearâs dismal results, when funding dropped at least... Read more âș
0
Some companies like to pit workers against each other to encourage them to pull out all the stops. At Shopify, CEO Tobias LĂŒtke has been rolling out a new employee ranking system that puts that philosophy into actionâby making employees compete for pay rises. From now on, Shopify employees will only get a raise if they increase their skill levels at a faster rate than other colleagues at the same... Read more âș
78
Fame can be a double-edged swordâa lesson some artificial intelligence startups are learning the hard way.Take Devin, the AI-powered coding assistant developed by Cognition AI that went viral when it launched last month with an impressive demo showing how it could complete coding jobs on the freelance site Upwork. Techies across X and Reddit declared that software engineering as a career was dead.Over the weekend, though, a YouTube video titled,... Read more âș
0
Venture capitalists are warming to creator economy startups again. Funding for U.S.-based creator startups more than doubled in the first three months of the year to nearly $341 million, according to The Informationâs Creator Economy Database. The quarter marked the first year-over-year rise since early 2022 and defied a continued slump in total U.S. startup funding. Music startups and those formed by the creators themselves drove the rise. Dude Perfect,... Read more âș
39
We all know this hasnât been Appleâs year, between the so-so reaction to its Vision Pro mixed-reality headset, the cancellation of its car project, an antitrust lawsuit from the U.S. government, worries about its lagging status in artificial intelligence and, of course, the reality that iPhone sales are no longer growing. Apple stock is down around 10% for the year. But hey, at least Apple CEO Tim Cook gives the... Read more âș
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Most popular sources
Business Insider
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25% 7 |
Tech Wire Asia
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9% 0 |
The Verge
|
8% 1 |
Tom's Hardware
|
8% 5 |
Eurogamer.net
|
7% 4 |
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27.11.2024 13:29
Last update: 13:21 EDT.
News rating updated: 20:20.
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