Some of the world’s biggest tech investors have a reality check for companies thinking about going public: While the initial public offering market is showing signs of life, smaller companies that made the cut during the last boom cycle don’t have a shot now. “There were a lot of companies that went public in the last cycle when there was a lot of exuberance that were too small,” said Anton... Read more ›
1
Two big shareholders in ByteDance made their first public comments on the political challenges facing that company’s subsidiary TikTok on Tuesday. Coatue Chief Investment Officer Philippe Laffont, a board member of TikTok parent ByteDance, said the U.S. and China need to “give clarity” about the future of TikTok. Meanwhile, Anton Levy, co-president of General Atlantic, said a lot of concerns about the dangers posed by TikTok related to “fear of... Read more ›
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Being a startup founder is hard enough. Add to that the unique obstacles facing the generative AI sector—disappointed buyers, slow revenue growth and the high costs of conversational AI—and many AI founders are realizing that it’s not necessarily the land of free-flowing capital and Nvidia chips.Take Tome, the Bay Area startup, which uses AI to create and design presentations. It saw viral growth after the launch of its product in... Read more ›
0
Paul Madera’s venture capital firm, Meritech Capital, amassed big returns from betting on private companies such as Facebook and Salesforce that helped power previous technological shifts. But Madera has been steering clear of the tech shift that currently promises to transform the world: generative artificial intelligence. Meritech is one of a number of late-stage investors, including TCV, General Atlantic and Blackstone, that have stayed on the sidelines as $25.6 billion... Read more ›
0
David Ellison should be careful what he wishes for. The son of Oracle chair Larry Ellison is reportedly nearing victory in his bid for TV and film company Paramount Global—to be financed with help from his dad—despite competition from Apollo. The last time there was a takeover battle for Paramount was almost exactly 30 years ago, when Sumner Redstone dueled Barry Diller over a period of nearly six months from... Read more ›
0
Meta Platforms is planning to launch two small versions of its forthcoming Llama 3 large-language model next week, according to a Meta employee. The models will serve as a precursor to the launch of the biggest version of Llama 3, expected this summer. Release of the two small models will likely help spark excitement for the forthcoming Llama 3, which will be coming out roughly a year after Llama 2... Read more ›
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TikTok’s growth in Europe has slowed down so much that it’s rolling out a new app that gives people financial incentives to watch its videos. The Chinese-owned company is introducing a new app in Spain, France and other countries that will encourage users to watch videos, invite friends to sign up and perform other actions by awarding them points they can redeem as gift cards or digital tips to give... Read more ›
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Haun Ventures raised $1.5 billion to invest in crypto startups just before the market collapsed and venture deals slowed dramatically. Now, as the crypto market shows signs of a recovery, Haun is getting active—quietly grabbing a stake in one of the industry’s most high-profile survivors at a steep discount to its peak valuation. The firm, founded in 2022 by former federal prosecutor and Andreessen Horowitz investor Katie Haun, has been... Read more ›
0
When Apple began developing its Vision Pro headset years ago, the project’s leaders believed its future fortunes hinged on the creativity of app developers outside Apple, just as the iPhone’s success had, said former employees who worked on the project. Increasingly, though, those developers are expressing frustration with the restrictions Apple is imposing on what Vision Pro technologies they can use in their apps. Unlike on the iPhone, Apple doesn’t... Read more ›
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As tiny chips and artificial intelligence algorithms become more powerful, a possible future where people control computers just by thinking has become more realistic, according to Brian Otis, the cofounder and former chief technology officer of Alphabet’s Verily life-sciences unit. Otis in February joined Precision Neuroscience as chief technology officer, a move that hasn’t been reported previously. Launched in 2021 by a group of founders including Neuralink cofounder Ben Rapoport,... Read more ›
3
In early March, Google’s top artificial intelligence executive, Demis Hassabis, tried to rally his team’s spirits after a bruising few weeks. Google had just released Gemini, a chatbot powered by technology from Hassabis’ group and Google’s best shot yet at showing it could catch up to OpenAI’s buzzy ChatGPT. Instead, Gemini attracted public ridicule for generating racist responses to user queries. At a meeting, Hassabis told the staff of his... Read more ›
2
For three years, General Motors, Ford and other automakers were all elbows, seeking to outdo one another in their commitment to electric vehicles, backed by tens of billions of dollars each in promised spending. But over the last five or so months, most did a U-turn: They had gotten EVs wrong, many said—customers were not lining up for them in droves as expected, at least not yet. GM and Ford... Read more ›
2
If there is something that really gets this crew's juices flowing it is, apparently, debating streaming video entertainment! This week's episode features a lively debate about a new trend plus a look at where AI is already disrupting media—and where it probably won't. Enjoy! Apple Spotify YouTube Read more ›
0
Welcome, Weekenders! In this newsletter:Inside Microsoft’s hiring of Inflection co-founder Mustafa SuleymanHow an LA backwater turned into a hotbed of America-first capitalismThe Top 5: Best summer camps for future tech mogulsPlus: The guy who cost Reddit billions; a blast from Marvel’s past; an incredible shortcut through Robert Caro’s “The Power Broker”; and the AI of the 18th century.The New York Times Co. bedeviled the internet earlier this week with an... Read more ›
0
On March 19, the 70-person staff of Inflection, an artificial intelligence startup that had raised $1.5 billion in less than two years, was summoned to a Hyatt hotel auditorium near the company’s Palo Alto, Calif., offices. Moments before, they’d received some shocking news: Microsoft would pay $650 million to license Inflection’s AI models and hire two of its three co-founders, Chief Scientist Karén Simonyan and CEO Mustafa Suleyman, who was... Read more ›
0
Reddit’s long-awaited coming-out party is over. After more than doubling to a high of $74.90 in the days after its public debut, the stock is now trading at a still-respectable $47 or so. The man who turned down the music is 35-year-old Andrew Freedman, a partner at Stamford, Conn.–based Hedgeye Risk Management, a market-research firm that sells its data to retail investors as well as institutional clients. Read more ›
0
School will be out for the summer before you know it, presenting an annual problem: how to keep kids engaged and challenged during summer vacation—a tall task throughout the year but exponentially harder during the break. That leads to another seasonal predicament: picking the right summer camp. And while summer camp may evoke the image of tents, canoes and sleepaway cabins in the woods, multiple weeks of math, science, music... Read more ›
0
There is something perverse about the Biden administration’s willingness to ban TikTok even as it is arguing that Meta Platforms, whose Instagram is one of TikTok’s biggest rivals, holds “monopoly power” in social media. That contradiction came to mind when we read Meta’s court filing on Friday, asking a court to toss out the Federal Trade Commission’s antitrust lawsuit against Meta. The filing highlights how Meta has had to retool... Read more ›
0
A mysterious company started by former Apple designer Jony Ive and OpenAI CEO Sam Altman to launch an artificial intelligence-powered personal device has started funding talks with some of the biggest names in venture capital. The startup has discussed deals with Emerson Collective and Thrive Capital, a major investor in OpenAI, whose conversational AI could theoretically power some of the device features, according to a person involved in the process... Read more ›
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Last Wednesday, the hottest invite in El Segundo, Calif., was to a get-together at El Segundo Brewing on Main Street, which sits in the shadow of a sprawling Chevron refinery. Founders Fund hosted the happy hour, gathering some of the startup founders that have recently flocked to El Segundo to make rockets, portable nuclear reactors and lethal drones, among many other things. At the middle of it all was Peter... Read more ›
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Business Insider
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29% 0 |
Tech Wire Asia
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9% 4 |
The Verge
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7% 0 |
Tom's Hardware
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5% 1 |
CNET
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5% 1 |
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27.11.2024 18:37
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