The meeting last July between officials from the Federal Deposit Insurance Corp. and executives from Choice Financial Group was tense. For most of the two-and-a-half hour session, the FDIC officials delivered the results of the agency’s recent examination of Choice, a once sleepy bank based in Fargo, N.D., for possible violations of anti–money-laundering and counterterrorism financing regulations, according to records of the meeting. Their findings weren’t pretty. The FDIC was... Read more ›
21
California-based Lightning Motorcycle has released a new electric bike that it says accelerates from zero to 60 mph in two seconds, delivers 335 miles of range, and adds about 200 miles of charge in 12 minutes. The secret behind Lightning’s LS-218 is the first commercial electric vehicle battery anode dominated by silicon, a material that enables much faster charging and greater driving range than conventional graphite anodes. Read more ›
0
You could hear a pin drop in the tech world today, things were so quiet. (Are techies off painting Easter eggs?) We’re so starved for news that we appreciated Amazon’s decision to “update” everyone on the status of its commitment to invest up to $4 billion in artificial intelligence startup Anthropic. The update was…Amazon has completed the full investment. After putting in an initial $1.25 billion last September, it has... Read more ›
0
In 2021, we reported on a survey that measured creators’ top sources of revenue. At that time, sponsorships with advertisers took the top spot by far. Some 77% of creators said it was their single highest source of income. Three years later, other revenue sources are starting to gain more ground. For instance, affiliate marketing, where creators earn commissions on product recommendations, is now the third highest income driver, growing... Read more ›
0
The market for initial public offerings is crawling out of a two-year slumber, invigorated by the debuts of Reddit and Astera Labs. But most startups valued at $1 billion or higher won’t go public soon, predicts Accel partner Rich Wong. Of the 1,200-plus private startups that now have this valuation, he estimated far fewer than 20% will end up going public in the next few years. Many of the rest... Read more ›
0
There has been a lot of buzz recently around technology startups developing products for the defense industry. In the past few years, companies such as Palantir, Anduril and SpaceX have achieved strong valuations from public and private investors. In addition, geopolitical instability in Eastern Europe, the Middle East and East Asia has led to a greater demand for defense tech. But success for a defense tech company typically hinges on... Read more ›
0
Perhaps no executive in the artificial intelligence field has gone to greater lengths to knock down generative AI hype quite like Databricks CEO Ali Ghodsi. A year ago, that looked like sour grapes as OpenAI’s quick progress made many people think that software tools like those Databricks sells to companies to manage data and utilize AI would soon be obsolete.It hasn’t turned out that way, and Ghodsi has been proven... Read more ›
0
Software startup Canva, which has grown to a $26 billion valuation with a message that it is “democratizing design” for people without professional training, is increasingly pinning its fortunes on selling its suite of editing tools to the biggest companies in the world. The privately held Australian company told prospective investors late last year that its nascent corporate sales business would grow roughly 60% this year, to about $650 million... Read more ›
0
Startup CEOs are feeling practically poetic after watching Reddit and Astera Labs trade up following their public debuts in recent days. It feels like “the sun peeking through the clouds after a long period of rain,” one CEO who has been eyeing a public listing texted me. Bankers and venture capitalists, of course, are writing love sonnets to bring on the next class of IPOs.Tech companies wanting to go public... Read more ›
0 newcommer
I can’t believe we are just one week away from our fourth annual Creator Economy Summit in Los Angeles!This is the second time we’re hosting this event in person, and we are so excited to bring together more than 300 people, including creators, entrepreneurs, tech executives and investors shaping the sector. (There’s still time to buy a ticket here!)For the past few months, we’ve been planning a jam-packed day of... Read more ›
0 newcommer
Venture capital firms are in flux. Seasoned investors are attempting to hand control to a younger generation of partners. Firms are restructuring as they seek the best investors to win competitive artificial intelligence deals. All this upheaval spells opportunity for a rising group of ambitious dealmakers. The Information’s VC reporters spoke to dozens of sources to find the individuals on track to become VC firms’ next general partners. These investors... Read more ›
0 newcommer
In January, Meta Platforms CEO Mark Zuckerberg posted a video touting the 350,000 Nvidia H100 graphics processing units he said the company would have by the end of the year. While the post signaled Meta’s advantage in computing capacity, several current and former employees interpreted it simply as a way to improve Meta’s ability to recruit in the intensely competitive AI world.Zuckerberg is doing more to recruit artificial intelligence researchers... Read more ›
0 newcommer
When Apple launched the Vision Pro headset, it leaned heavily on its own streaming app, as well as those of Disney and others, to market the headset’s most compelling feature: an immersive video experience. Now Tencent, China’s largest social media, streaming and gaming company, has agreed to make some of its most important apps available on the device, according to a person with direct knowledge of the decision. Without Tencent’s... Read more ›
927
Here’s a new one in the annals of shareholder politicking. Activist investor Nelson Peltz, whose campaign for seats on Disney’s board has drawn an aggressive response from the company lately, declared on Monday that he is a supporter of CEO Bob Iger. Yes, after he has for weeks been assailing Disney’s poor performance, Peltz put out a statement saying his beef isn’t with Iger but with the Disney board. Riiiiight,... Read more ›
0
When then-President Donald Trump tried to ban Chinese-owned app WeChat in 2020, hundreds of WeChat users banded together to sue. They argued that WeChat was a vital communications tool for many elderly Chinese Americans. The tactic worked and the court blocked the ban. Now TikTok, which is facing a potential ban in a bill now before the Senate, is hoping to repeat WeChat’s feat. Its prospects look good, say lawyers.... Read more ›
0
Many of the big investors weighing Reddit’s initial public offering weren’t convinced by the company’s pitch in the weeks leading up to the listing, fretting about the firm’s lack of profits or uncertainty around big licensing deals for its data. But the doubts dissipated for many by the time Reddit’s bankers closed the deal, which valued the company richly compared to some competitors. Reddit’s strong performance—as of Monday afternoon, its... Read more ›
0
As time goes on and some buyers of generative AI grow disillusioned with the meager returns they’ve seen, many are experimenting with new ways to eke better performance out of large language models without paying up for the latest, state-of-the-art LLM.One way to do this is through a technique called retrieval augmented generation, which aims to reduce the AI’s tendency to hallucinate or give incorrect answers by giving it access... Read more ›
12
To better compete for artificial intelligence researchers, Meta Platforms is making unconventional moves, including extending job offers to candidates without interviewing them and relaxing a longstanding practice of not increasing compensation for employees threatening to leave. In a sign of how seriously the social media company is taking the competition for AI talent, CEO Mark Zuckerberg has personally written to researchers at Google’s DeepMind unit to recruit them, according to... Read more ›
81
In March 2023, Musk and his 16 top executives on Tesla Investor Day. Photo: Via YouTubeFor months after Elon Musk’s 2022 acquisition of Twitter, investors voiced increasing concerns about his capacity to juggle the leadership of both the social media platform and Tesla, the electric vehicle manufacturer where he is CEO. So in March 2023, Musk organized a live demonstration of why he could effectively run both companies: At Tesla’s... Read more ›
0
HeyGen, a three-year-old startup that uses artificial intelligence to generate avatars and voices for videos, is raising $60 million at a pre-investment valuation of $440 million, six times higher than the startup’s valuation four months ago, according to a person with direct knowledge of the round. Benchmark, the early-stage venture capital firm that bet early on Snap and Uber, is leading the round, which has not yet closed, the person... Read more ›
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Most popular sources
Business Insider
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26% 1 |
Tech Wire Asia
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15% 10 |
CNET
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6% 3 |
Eurogamer.net
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6% 2 |
The Verge
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5% 2 |
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27.11.2024 21:45
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