Apple's WWDC demos, with the integration of generative AI across its products, show the value of seeing AI as a feature rather than a standalone app or device
what's not to love? Michael J. Miller / PCMag : Apple Intelligence Satisfies Demand, But Doesn't Change the Game M.G. Siegler / Spyglass : “AI” is Apple's “Voldemort” Ben Thompson ...
A look at the trademark dispute over the name AGI House between two rival hacker houses, one in Hillsborough and the other in Twin Peaks in the Bay Area
to centralize power & capital. SF wants AGI Houses to blossom across the world to usher in the global intelligence age. Noah Smith / @noahpinion : This explains why whenever anyone...
The US CFPB fines BloomTech, formerly Lambda School, and CEO Austen Allred $164K+ and bans BloomTech from lending for 10 years over deceiving students on loans
In an order today, the U.S. Consumer Financial Protection Bureau (CFPB) said that BloomTech, the for-profit coding bootcamp previously known …
Satya Nadella says Sam Altman, Greg Brockman, and OpenAI staff will join Microsoft's new “advanced AI research team” and Microsoft remains committed to OpenAI
Microsoft has hired OpenAI co-founders Sam Altman and Greg Brockman to head up a “new advanced AI research team,” …
Block reports Q3 revenue up 24% YoY to $5.62B, vs. $5.4B est., profit up 21% YoY to $1.9B, Square profit up 15% YoY, and Cash App profit up 27% YoY; SQ up 10%+
‘Really what we expect to see next year is meaningful margin expansion,’ CFO says — Block Inc. reported better …
An interview with Instacart founder and former CEO Apoorva Mehta on Instacart's beginnings, his board exit, his reluctance to take the company public, and more
and today he cut all ties with the company Reuters : Instacart set to be valued at nearly $13 bln in Wall Street debut Ari Levy / CNBC : Instacart closed up 12.33% in its Nasdaq de...
CoreWeave, which offers Nvidia GPUs in the cloud, raised $2.3B in debt, collateralized by Nvidia chips; CoreWeave has raised $421M in equity so far in 2023
Meta releases Llama 2, its open-source LLM with double the context length, for free for research and commercial use, and expands its Microsoft partnership
Recent breakthroughs in AI, and generative AI in particular, have captured the public's imagination and demonstrated what those developing …
A look at “lazy management”, an alternative explanation to the claim that some tech employees drag down companies by raking in big paychecks and working little
Inside the perverse system of ‘lazy management’ that's wrecking the tech industry … When Graham was hired by Amazon, it sounded like his dream job. LinkedIn: Alistair Barr . Bluesk...
How SoftBank is playing catch-up despite focusing on AI since 2018; PitchBook says the firm invested in just one of the 26 generative AI startups valued at $1B+
Billionaire Masayoshi Son said he would make SoftBank ‘the investment company for the AI revolution,’ but he missed out on the most recent frenzy
The US FTC files a lawsuit alleging Amazon used “dark patterns” to steer customers to enroll in Prime without consent and “sabotaged” their attempts to cancel
Apple Vision Pro may take at least five years before it's seen as an iPhone alternative, let alone a product killer, as Apple still needs to address its quirks
Amazon backs out of its pledge to make 50% of its shipments net-zero carbon by 2030 and says it plans to reach net-zero carbon across all its operations by 2040
- Amazon scrapped its Shipment Zero initiative, which was announced a few years ago. — The company is rolling the goal into a broader Climate Pledge.
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they r...
SVB draws support from 300+ VC firms, including General Catalyst, while 1,200+ founders and CEOs sign a Y Combinator petition asking the US Congress to act
More than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls …
Roblox and other companies disclose their exposure to SVB in SEC filings; Roblox says ~5% of its $3B cash and securities balance was at SVB as of February 28
Sarah Perez / TechCrunch :
SVB draws support from 300+ VC firms, including General Catalyst, while 1,200+ founders and CEOs sign a Y Combinator petition asking the US Congress to act
More than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls …
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they r...
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they r...
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
Programming note: Money Stuff was supposed to be off today, but: bank run! — SVB