Some of the biggest VC firms are backing both OpenAI and Anthropic; the growing trend of backing rival startups, once taboo, shows how AI has scrambled funding
Silicon Valley investors are breaking a longstanding taboo by investing in competing startups.
Anthropic raised a $30B Series G led by GIC and Coatue and co-led by D. E. Shaw, Dragoneer, Founders Fund, Iconiq, and MGX at a $380B post-money valuation
We have raised $30 billion in Series G funding led by GIC and Coatue, valuing Anthropic at $380 billion post-money. The round was co-led by D. E. Shaw Ventures, Dragoneer, Founder...
Q&A with Gokul Rajaram, investor and a former product leader at Google, Meta, and others, on AI changing product development, building ad businesses, and more
Q&A with Gokul Rajaram, investor and a former product leader at Google, Meta, and others, on AI changing product development, building ad businesses, and more
Gokul Rajaram joins Patrick to discuss the seismic shift in product building driven by AI. As a legendary operator (Google, Facebook, Square, DoorDash) and p...
Palo Alto Networks reports Q1 revenue up 16% YoY to $2.47B, vs. $2.46B est., forecasts Q2 revenue in line with est., and acquires Chronosphere for $3.35B
Palo Alto Networks beat Wall Street's fiscal first-quarter estimates after the bell on Wednesday and announced plans …
Sources: Databricks is in advanced talks to acquire startup Neon, which makes a serverless open-source alternative to AWS Aurora Postgres, for ~$1B
Alex Konrad / Upstarts Media :
OpenAI, SoftBank, and Oracle unveil The Stargate Project, a JV to invest in US AI infrastructure, committing $100B now and up to $500B over the next four years
OpenAI says that it will team up with both the Japanese conglomerate SoftBank and with Oracle, along with others, to build multiple data centers for AI in the U.S.
A look at The Stargate Project: unanswered questions, PR wins, SoftBank only has ~$30B cash, many projects are old news, and Elon Musk trolled the announcement
$500B in CapEx for AI in the US feels like a good thing for US security and for AI's continued progress in capabilities. Google's entire capex in 2024 was $50B. This is a hard amou...
Ex-Meta crypto chief David Marcus says there was no legal or regulatory angle for the government to kill its Libra project and “it was 100% a political kill”
For reasons you can guess at, debanking has been the topic du jour in my Twitter feed. Tyler Durden / ZeroHedge News : FinTech CEOs Expose How Feds Colluded In ‘Debanking’ Schemes ...
Ex-Meta crypto chief David Marcus says there was no legal or regulatory angle for the government to kill its Libra project and “it was 100% a political kill”
How Libra Was Killed. I never shared this publicly before, but since @pmarca opened the floodgates on @joerogan's pod, it feels appropriate to shed more light on this. As a reminde...
AppLovin shares close up 46% after the company reported Q3 revenue up 39% YoY to $1.2B, vs. $1.13B est., and issued guidance well above est.; APP is up 519% YTD
To Our AppLovin Shareholders: We had another fantastic quarter in Q3. Anusuya Lahiri / Benzinga : AppLovin's High Valuation and Expansion Beyond Gaming Prompt Analyst Caution Angel...
Stripe reintegrates crypto payments in the US, letting users pay merchants in USDC or USDP on Ethereum, Solana, and Polygon, after disabling the feature in 2018
Accept stablecoin payments that settle as fiat in your Stripe balance. Siamak Masnavi / CryptoGlobe : Stripe Now Allows Business to Easily Accept USDC Payments on Ethereum, Solana,...
Mark Zuckerberg says Meta AI has over 185M weekly active users and over 400M MAUs and it's “growing quickly” even without a rollout “in UK, Brazil, or EU yet”
usage of Meta AI across all of our surfaces is growing FAST! 🚀 Bluesky: @ndnickerson.bsky.social : okay this is just a hunch but after listening to @zitron.bsky.social 's podcast ...
Sources: Alphabet is in advanced talks to acquire cybersecurity startup Wiz for roughly $23B; Wiz raised $1B at a $12B valuation in May 2024
Deal would be tech giant's largest acquisition ever.
Wise, Affirm, Mercury, and other companies say they're investigating how a recent ransomware attack by LockBit on Evolve Bank and Trust impacted their customers
The money transfer and fintech company Wise announced on Friday that some of its customers' personal data may have been stolen …
Filing: Google agrees to settle a 2020 class-action lawsuit accusing the company of tracking and tying activity in Chrome's incognito mode to users' profiles
Filing: Google agrees to settle a 2020 class-action lawsuit accusing the company of tracking and tying activity in Chrome's incognito mode to users' profiles
2020 lawsuit accused Google of tracking incognito activity, tying it to users' profiles. — Google has indicated that it is ready …
Salesforce reports Q3 revenue up 11% YoY to $8.72B, vs. $8.72B est., and raises its FY 2024 forecast for operating cash flow growth; CRM jumps 6%+
Cisco plans to acquire cybersecurity company Splunk in cash for $157 per share, a 31% premium on Splunk's September 20 closing price, in a deal valued at ~$28B
https://www.reuters.com/... Chris Merkel / @chrismerkel@infosec.exchange : Scoop: Anonymous has hacked the neuralinks of the leadership teams at Splunk and Cisco. While I can't id...
Cisco plans to acquire cybersecurity company Splunk in cash for $157 per share, a 31% premium on Splunk's September 20 closing price, in a deal valued at ~$28B
https://www.reuters.com/... Chris Merkel / @chrismerkel@infosec.exchange : Scoop: Anonymous has hacked the neuralinks of the leadership teams at Splunk and Cisco. While I can't id...