Block is a poster child for the lack of operational discipline common among mid-tier public tech companies that lived on the largesse of cloud, mobile, and ZIRP
Jack Dorsey, CEO of Block (the company formerly known as Square), went on X (the company formerly known as Twitter …
In March, New York added a checkbox to its WARN system for companies to show if “technological innovation or automation”, like AI, was a reason for mass layoffs
Form fitting — New York state has quietly become the first in the nation to ask companies to disclose … Bluesky: @carnage4life and @hypervisible . Forums: Slashdot Bluesky: Dare Obasanjo / @carnage4...
A profile of nine-month-old Mistral AI, which wants to be the “most capital-efficient company in the world of AI”, has raised $500M+, and is valued at $2B+
Led by 31-year-old CEO Arthur Mensch, Paris-based Mistral believes AI systems can be built more efficiently—and much more cheaply X: @carnage4life . LinkedIn: Sam Schechner and Philipp Schmid X: Dare ...
Source: Chamath Palihapitiya shelved plans to raise $1B for an early-stage investment fund, in part due to fundraising challenges
Kia Kokalitcheva / Axios : X: @mhdempsey , @thestalwart , @carnage4life , @riddle245 , @fisurgi , @hitsamty , @jasonlk , @fed_speak , and @bucknsf X: Michael Dempsey / @mhdempsey : It is truly shocki...
Sources: Lightspeed Venture Partners seeks to sell stakes in 10 startups, worth ~$1B, to a private equity-style continuation fund, to let investors cash out
Venture capital firm plans to roll holdings into continuation fund as sector seeks ways to return cash to investors Mastodon: @quoll@mastodon.sdf.org . X: @carnage4life Mastodon: @quoll@mastodon.sdf.o...