Venture capital has been hit hard by souring macroeconomic conditions over the past few years and it’s not yet clear how the market downturn affected VC fund performance. But recent data from the San Francisco Employees’ Retirement System (…
Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used in AI applications. The company, which struggled in 2023 as the ma…
OpenAI has landed a new content deal with the FT. But instead of being a merely simple deal in which OpenAI gets words, and FT gets money, the two are teaming up a bit more deeply. Look to see FT.com links in ChaptGPT in the future. But the FT-OpenAI t…
Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis. The investment bank est…
If the decisions made by corporate boards of directors can indicate where a company wants to be focusing, Amazon’s board just made an interesting move. The company announced on Thursday that Andrew Ng, known for building AI at large tech companie…
Former president Donald Trump’s digital media company is losing money, and lots of it. But why is that any different from other “startups,” which often struggle to post a profit for years, if they ever do? There are a couple reasons. …
Donald Trump’s beleaguered SPAC deal is finally going through, and just in time to pay nearly half a billion dollars owed over several legal actions — if the board agrees to let him sell. Let’s get all the acronyms out in the open. Digital …
IPOs today are getting outsized attention and interest — and we haven’t even broken the seal with venture-backed tech companies yet.
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