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Marketing Ploy? FT Pumps OpenAI & Meta’s Planned Launch Of Upgraded LLMs As Nvidia Bubble Stalls | ZeroHedge
From: zerohedge Marketing Ploy? FT Pumps OpenAI & Meta’s Planned Launch Of Upgraded LLMs As Nvidia Bubble Stalls | ZeroHedge Two weeks ago, Nvidia Corporation’s stock peaked and has since traded 9% lower from those highs, with shares around $867 on Wednesday afternoon. In what appears to be an artificial intelligence marketing piece, the could be trying to stoke new[…]
SpaceX Reportedly Building Spy Satellite Constellation In Low Earth Orbit | ZeroHedge
From: zerohedge SpaceX Reportedly Building Spy Satellite Constellation In Low Earth Orbit | ZeroHedge SpaceX’s Starshield program has been building a constellation of spy satellites under a classified contract with the US National Reconnaissance Office (NRO) since 2021, Reuters reported, citing five people familiar with the program. The spy satellite network will consist of hundreds of low-Earth[…]
Reddit targets valuation of close to $6.5 billion in upcoming IPO
From CNBC Reddit and selling shareholders aim to raise about $750 million as part of the company’s upcoming IPO, according to a corporate filing on Monday. The company and some existing stakeholders plan to sell about 22 million shares in the range of $31 to $34 per share. Investors are closely watching Reddit’s IPO, which[…]
Elon Musk Hits OpenAI With “Breach Of Contract” Lawsuit For Abandoning Foundational Mission | ZeroHedge
From: zerohedge Elon Musk Hits OpenAI With “Breach Of Contract” Lawsuit For Abandoning Foundational Mission | ZeroHedge Elon Musk claims in a lawsuit filed Thursday evening in the San Francisco Superior Court that ChatGPT-maker OpenAI and its chief executive Sam Altman, among others, have breached the artificial intelligence startup’s founding agreement that puts humanity over profits. “These[…]
SEC Investigates Whether OpenAI Deceived Investors, WSJ Says | ZeroHedge
From: zerohedge SEC Investigates Whether OpenAI Deceived Investors, WSJ Says | ZeroHedge The Securities and Exchange Commission sent a subpoena to ChatGPT creator OpenAI in December, requesting internal communications from CEO Sam Altman and current and former officials and directors into whether investors were misled, the reported, citing people familiar with the investigation. The subpoena followed[…]
Klarna in Talks With Banks for US IPO at $20 Billion Value
From Bloomberg: Swedish firm may list as soon as in the third quarter Fintech giant was once Europe’s most valuable startup The company has started having discussions with investment banks to work on an initial public offering that could happen as early as the third quarter. Photographer: Hollie Adams/Bloomberg By Dinesh Nair, Amy Or, and Swetha Gopinath February[…]
On the 176% annual return of a YC startup index
From Medium As my long-time readers know, I’ve written dozens of data-driven blog posts on Y Combinator startups over the years, but I’m yet to answer the single most important question about YC startups from the perspective of early-stage investors — how much money do they make?? YC has published data that hints at this, like the Top YC Companies[…]
Watch Live: SpaceX Prepares Falcon 9 For Commercial Flight To ISS | ZeroHedge
From: zerohedge Watch Live: SpaceX Prepares Falcon 9 For Commercial Flight To ISS | ZeroHedge The first all-European commercial crew will be catapulted to the International Space Station atop a SpaceX Falcon 9 rocket at NASA’s Kennedy Space Center in Cape Canaveral, Florida. Retired NASA astronaut Michael Lopez-Alegria will command the Ax-3 mission, which Axiom[…]
Tinder Owner Match Jumps On Report Elliot Investment Takes $1 Billion Stake | ZeroHedge
From: zerohedge Tinder Owner Match Jumps On Report Elliot Investment Takes $1 Billion Stake | ZeroHedge Activist investor Elliott Investment Management has plowed a billion dollars into shares of Match Group Inc., the owner of Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, and other dating website brands, and plans to boost performance as[…]
EU Watchdog Mulls Probe On Microsoft’s OpenAI Partnership Over “Competition Issues” | ZeroHedge
From: zerohedge EU Watchdog Mulls Probe On Microsoft’s OpenAI Partnership Over “Competition Issues” | ZeroHedge OpenAI’s drama last year caught the attention of government regulators on both sides of the Atlantic. More specially, Microsoft’s $13 billion investment in the Sam Altman-led chatbot company is under intense scrutiny by European regulators. The European Commission said on[…]