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Nvidia founder and CEO Jensen Huang struck a bullish tone in the company’s third-quarter earnings. And based on the company’s results, there may be a reason to. Nvidia reported revenue of $57 billion during its fiscal third quarter, 62% higher compared to the same quarter last year. The company’s net income on a GAAP basis…
AI data center provider Lambda announced Tuesday it raised $1.5 billion in a round led by TWG Global, a relatively new $40 billion investment firm formed by billionaires Thomas Tull, the former owner of Legendary Entertainment, and Guggenheim Partners founder and CEO Mark Walter. TWG holds a variety of the billionaires’ assets, including Walter’s stakes…
Poe, Quora’s app that brings together different AI models into one platform, is launching group chat functionality. The company announced on Monday that users worldwide will be able to start group chats with up to 200 other people, then collaborate across more than 200 AI models — including text, image, video, and audio generators —…
When Nigel Morris tells you he’s worried about the economy, you listen. As industry observers know, Morris co-founded Capital One and pioneered lending to subprime borrowers, building an empire on understanding exactly how much financial stress the average American can handle. Now, as an early investor in Klarna and other buy-now-pay-later companies like Aplazo in…
Legal AI might not sound like the sexiest category in Silicon Valley, yet Harvey‘s CEO Winston Weinberg has captured the attention of virtually every top-tier investor in the Valley. The company’s backers read like a who’s who of venture capital: the OpenAI Startup Fund (its first institutional investor), Sequoia Capital, Kleiner Perkins, Elad Gil, Google…
As generative AI content starts to fill our social apps, a project to bring back Vine’s six-second looping videos is launching with Twitter co-founder Jack Dorsey’s backing. On Thursday, a new app called diVine will give access to more than 100,000 archived Vine videos, restored from an older backup that was created before Vine’s shutdown….
Masayoshi Son isn’t known for half measures. The SoftBank founder’s career has been studded with eyebrow-raising bets, each one seemingly more outrageous than the last. His latest move is to cash out his entire $5.8 billion Nvidia stake to go all-in on AI. And while it surprised the business world on Tuesday, it maybe should…
Lovable, the Stockholm-based AI coding platform, is closing in on 8 million users, CEO Anton Osika told this editor during a sit-down on Monday, a major jump from the 2.3 million active users number the company shared in July. Osika said the company — which was founded almost exactly one year ago — is also…
Startups have never been able to offer the same sizable salaries as big tech companies. Now with companies like Meta and OpenAI willing to pay million-dollar salaries amid the AI race — the compensation divide has grown even larger. Early-stage startups are not doomed though. If they develop a compensation strategy that is generous, fair,…
Alongside the launch of the iPhone 17, 17 Pro, and Air in September, Apple also introduced its first crossbody strap, which allows you to wear your iPhone similar to how you’d carry a small shoulder bag, with the strap lying diagonally across your body. The $59 accessory so far has received mixed reviews, with some…