Running app Strava raised new funding at a $2.2B valuation including debt, up from $1.5B after raising $110M in November 2020, and nears $500M in ARR — Strava, whose valuation includes debt, says it acquired cycling app The Breakaway — Strava, the popular running and exercise app …
Analysis: AI energy consumption is exploding, with data centers doubling electricity use between 2017 and 2023, accounting for 4.4% of all US energy consumption — The emissions from individual AI text, image, and video queries seem small—until you add up what the industry isn't tracking and consider where it's heading next.
UK retailer M&S says it expects a £300M profit hit from an April cyberattack and disruption to continue until July 2025; M&S' market cap has falled by ~£750M — UK retailer's operations face ongoing disruption from April hack — Roula Khalaf, Editor of the FT …
Q&A with Feng Ji, founder of top Chinese quant fund Baiont, on using AI to develop trading strategies, China's quant landscape, having a small team, and more — The founder of one of China's top-performing quant funds explains how his team of young computer scientists are using machine learning to disrupt the sector
Spotify says Apple approved an update to let users in the US buy individual audiobooks from its iOS app and see audiobook prices, after the Epic v. Apple ruling — You'll see a ‘Buy’ button alongside an audiobook's price. … It's finally possible to purchase an audiobook from Spotify's iPhone app with just a few taps.
A profile of Anthropic CEO Dario Amodei, who transformed himself from an academic into a CEO; as of mid-April, Anthropic was on track for $2B in annual revenue — Dario Amodei has transformed himself from an academic into the CEO of a $61 billion startup. — Anthropic Chief Executive …
Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...
