The eyes of Bader Al Manaâdeputy chief investment officer at Sanabil, the venture arm of Saudi Arabiaâs sovereign wealth fundâwere heavy with jet lag last month as he spoke about his firmâs pursuit of investments in artificial intelligence startups at The Montgomery Summit in Los Angeles. Sanabil is focused on taking direct stakes in startups and building out its own AI playbook, he told the invite-only gathering of startup investors... Read more âș
0
Weâre at the point in the artificial intelligence hype cycle where online pundits are looking to tear down what theyâve spent much of the past 18 months building up. Exhibit A is the spread this week of a nugget of a story The Information wrote nearly a year ago about the role of human reviewers in India in powering Just Walk Out, Amazonâs grab-and-go checkout technology. How this story has... Read more âș
0
Wow! Iâm still buzzing from our Creator Economy Summit on Tuesday. It was amazing to see so many familiar faces, meet new subscribers and learn from our lineup of speakers. Thank you to everyone who traveled from near and far to be there! If you have any feedback on the event, weâd love to hear your thoughts. One of my favorite conversations of the day was with Diplo, the Grammy-winning... Read more âș
24
We know that many of Silicon Valleyâs investors are desperate to tap into the Middle Eastâs plentiful capital reserves. Less discussed are the hurdles Middle Eastern investors face while trying to land stakes in Silicon Valleyâs best startups.A new fund wants to help both sides. Fahad AlSharekh, vice chair of Kuwaiti asset manager Kamco Invest, tells me he has raised $50 million to invest in emerging fund managers located in... Read more âș
0
Worrying about artificial intelligence turning into Skynetâa la the Terminatorâshould take a back seat to basic cybersecurity concerns, as weâve written repeatedly. Today weâve got news to prove our argument.Israeli cloud security firm Wiz has exclusively revealed to us that it discovered a substantial security flaw in Hugging Face, a wildly popular online repository of machine learning models thatâs used by 50,000 organizations including Meta Platforms, Microsoft and Google.Shir Tamari,... Read more âș
0
When The Information began surveying readers about their outlook for 14 big tech companies in February 2023, the tech industry was in turmoil. Stocks were receding from their pandemic highs and layoffs were surging. Today, major stock indices are at all-time highs and tech companies big and small are racing to capitalize on advances in artificial intelligence. These shifting moods are captured in our new Tech Sentiment Tracker. Each month,... Read more âș
0
In November, Tesla released its long-promised, Matrix-styled Cybertruck pickup, and two months later a refurbished Model 3 sedan that Motor Trend called âsomething to get excited about.â Next year, the company aims to release a new version of its high-end Roadster that CEO Elon Musk calls a cross between a car and a rocket ship. And in case anyone is worried about charging these vehicles, the company said it installed... Read more âș
0
Weâve learned this week just how flexible the governmentâs definitions of âmonopolistâ and âcompetitionâ are. On âThe Daily Show With Jon Stewartâ Monday night, Federal Trade Commission Chair Lina Khan declared that a company can be judged monopolist if it mistreats its customers and gets away with it. By that definition, any bank or phone company could be judged a monopolist, regardless of the number of competitors it faces. Meanwhile,... Read more âș
0
Our Creator Economy Summit in Los Angeles was a success yesterday, with wide ranging discussions about how creators are running startups and how everyone is viewing two of the biggest news storiesâa potential TikTok ban and the rise of generative AI. One of the most interesting discussions was around sports. As weâve written, professional sports organizations like the National Football League are embracing social media influencers and striking deals with... Read more âș
0
As Elon Musk builds his xAI artificial intelligence startup, heâs having to compete with big tech giants and a slew of other startups for talent. One place heâs managed to snare several promising engineers from, though, is close to homeâTesla. Last month, Tesla machine-learning scientist Ethan Knight became the fourth Tesla engineer to leave the car company for xAI, the startupâs website shows. At Tesla, Knight had overseen the team... Read more âș
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Online influencers drawing consumer attention and ad dollars from traditional media have made one thing very clear: They only want to ink deals with Hollywood on their own terms. âWeâve been really fortunate to have cool conversations with various studios and production companiesâbut honestly, at this time, no one has really presented an offer that actually made more sense than what we have,â said Michelle Khare, creator of âChallenge Accepted,â... Read more âș
10
The Telecommunications Act of 1996, which compelled the âBaby Bellâ telephone networks to allow competing services to operate over their lines, included a less well-known provision that has proved transformative: that customers be allowed to keep their telephone numbers when changing providers. This modest clause helped break the network effect that gave the regional, fixed-line telephone companies a stranglehold over their markets. In so doing, it decentralized the U.S.âs information... Read more âș
2
Throughout last year, some venture capitalists raised concerns about artificial intelligence startups that used much of the capital they raised to buy or rent specialized servers powered by Nvidia chips. While spending gobs of money on those servers was all well and good for major cloud providers like Googleâwhich also funded many of these startups so theyâd have money to rent those cloud serversâVCs worried the startups could get saddled... Read more âș
0
It might be the bleakest chart in the media business: the severe loss of subscribers in recent years among cable and satellite companies, which for decades were the primary way people subscribed to old-fashioned television channels such as CBS and ESPN. Amid the gloom, though, one company has stood out: YouTube TV, which has grown from zero subscribers in 2017 to 8 million in February this year, making it the... Read more âș
0
In the beauty pageant of initial public offerings, the latest tech companies to step to the stage, Ibotta and Rubrik, are trying to showcase the âglow-upâ transformations theyâve undergone in the past two years.In early 2022, couponing startup Ibotta was struggling for relevance, barely growing and burning cash, looking more like a candidate for the dustbin than the public markets. Rubrik, which sells data storage and security tools to enterprises,... Read more âș
0
Weâre hosting hundreds of attendees at The Informationâs Creator Economy Summit and the conversations are flying. Here are some of the highlights so far.Marni Levine, who leads TikTok Shopâs U.S. operations for small and medium businesses, said the app doesnât plan to reduce e-commerce content in its powerful For You tab, despite complaints from some users that theyâre seeing too much of it. Levine also said itâs planning to bring... Read more âș
0
Ty Haney left Outdoor Voices, the athleisure startup she co-founded, after a widely publicized dispute four years ago with the companyâs board. Now sheâs taking a new shot at one of the ideas that caused the rift: building loyal communities of users. âHaving built a brand whose life was cut short for various reasons, I saw a need to create a hub for long-lasting relationships, which can reward for things... Read more âș
0
TikTok isnât swayed by users complaining theyâre seeing too much on their feeds from creators hawking products. âIâm not consideringâ dialing back the amount of e-commerce content on TikTokâs For You page, said Marni Levine, head of TikTok Shopâs U.S. operations for small and medium businesses, in response to a question about user complaints at The Informationâs Creator Economy Summit. Read more âș
0
The valuations of artificial intelligence startups, as a multiple of their projected future revenue, may be coming down from their peaks.Three months ago, we calculated such valuation multiples for eight prominent companies that sell consumer or enterprise services tied to large language models. On average, investors valued these companies at 83 times their projected salesâusually calculated as annualized revenue, or 12 times their monthly revenue at the time of the... Read more âș
0
Amazonâs grab-and-go checkout system, Just Walk Out, has been a centerpiece of its ambitions to transform bricks-and-mortar supermarkets. Now Amazon is gearing up to open a new batch of grocery stores after an 18-month pauseâand itâs ditching the technology. Tony Hoggett, Amazonâs senior vice president of grocery stores, said in an interview that the next generation of Amazon Fresh stores, the commerce giantâs answer to mass-market grocery chains, will focus... Read more âș
17
Most popular sources
Business Insider
|
32% 3 |
The Verge
|
10% 2 |
Tom's Hardware
|
7% 2 |
Eurogamer.net
|
6% 1 |
CNET
|
5% 1 |
| View sources » | |
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27.11.2024 17:44
Last update: 17:35 EDT.
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