Bain: Indian startups raised $9.6B in 2023, down from $25.7B in 2022; over 35K Indian startups shut down in 2023 and leading startups laid off 20,000+ employees — During 2023, growth and late-stage startups chose to defer fundraising, and investors took their foot off the gas pedal owing …
How evangelicals proselytize using Bless Every Home, an app that lets users create neighborhood maps and data tables based on people's religion and ethnicity — The future of proselytizing—and surveillance—has arrived. An app called Bless Every Home, which has been backed …
In one of the most notable developments under its new CEO Richard Teng, Binance spun out Binance Labs, its $10B venture capital arm, earlier this year — - Investment arm is now independent from the trading platform — Industry is monitoring for changes at Binance under CEO Teng
Sources: China quietly asks EV makers like BYD and Geely to sharply increase their purchases from local chipmakers, to reduce reliance on Western imports — - Directive could hurt Nvidia, NXP and other EV chip suppliers — Order is a response to US efforts to curb Chinese chip tech
Amazon says “a tiny fraction” of sellers paid for ads for products users couldn't buy and pledges a fix; Amazon offered a $15K refund to a seller seeking $300K — The company has pledged to reimburse sellers for the mistake and make fixes to its lucrative advertising operation.
Foxconn reports Q4 revenue down 5.7% YoY to ~$59B, as cloud and networking demand falls, net profit up 33% YoY to $1.69B, and expects flat 2024 consumer demand — Revenue fell on lackluster demand for cloud and networking products and a slowing personal-computer market
Filing: the NYT denies OpenAI's claims that the NYT “hacked” ChatGPT to create misleading evidence of copyright infringement, calling the claims “grandstanding” — The New York Times (NYT.N) has denied claims by OpenAI that it “hacked” the company's artificial intelligence systems …
Spotify rolls out music videos to its mobile and desktop apps in beta in 11 markets, including Brazil, Italy, and the UK, available to Premium subscribers — Spotify is adding music videos to its mobile and desktop apps in some markets. They are tightly integrated with the company's music library …
A survey of US teens: 38% say they spend too much time on their phone, vs. 27% for too much social media; girls are more likely to report too much phone time — Most teens at least sometimes feel happy and peaceful when they don't have their phone, but 44% say this makes them anxious.
Elon Musk says xAI plans to open-source Grok this week; xAI released Grok in November 2023, offering access to “real-time” data via a $16/month X subscription — Elon Musk said Monday he will open-source Grok, X's AI chatbot rivaling ChatGPT, this week, days after suing OpenAI …
A look at the challenges of academic AI research, as costs to develop generative AI models grow rapidly and tech companies' salaries drain academia of talent — With eye-popping salaries and access to costly computing power, AI companies are draining academia of talent
An interview with Slack CEO Denise Dresser about bringing her own personality to the job, plans to use generative AI, competing with Microsoft Teams, and more — Three chief executives in one year will do that — It's not often you see an established company burn through three CEOs in less than a year.
Sarah McBride / Bloomberg : PitchBook: US startups raised $209B in 2024, up ~33% from 2023; AI startups raised $97B, the largest portion ...
