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News in-depthArtificial intelligence
Chaotic departure of StabilityAI chief raises doubts over start-up’s future
...Mostaque said: “Most of these were last year, in particular a big clean-up where a number were let go as they didn’t fit a fast-growing company.”...
March 30, 2024
Stripe Inc
Stripe in ‘no rush’ to go public as cash flow turns positive
...“We don’t disclose the historical financials, but obviously Stripe has been in build mode up to this point.”...
March 13, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
News in-depthSequoia Capital
How Klarna’s boardroom spat exposed a schism at Sequoia Capital
...“Sequoia didn’t align with one specific person — that’s an oversimplification. They proposed a complex solution to a complex problem,” they said. “It was aimed at finding the middle ground.”...
February 24, 2024
Venture capital investment
Lightspeed taps private equity playbook as it eyes $1bn asset sale
...“If you have poor DPI you’re dead . . . you aren’t going to raise a nickel,” one partner at another multibillion-dollar US venture firm said....
January 26, 2024
Artificial intelligence
Cohere in talks to raise as much as $1bn as AI arms race heats up
...“An enterprise model has a very different scale — there aren’t millions of people using it for free....
January 19, 2024
Artificial intelligence
Speed of AI development stretches risk assessments to breaking point
...“People won’t use technology they don’t trust,” said Shelley McKinley, chief legal officer at GitHub, a repository for code that is owned by Microsoft....
April 10, 2024
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
Artificial intelligence
How soon will machines outsmart humans? The biggest brains in AI disagree
...Gary Marcus, a cognitive scientist who sold his AI start-up to Uber in 2016, bet Musk $10mn this week that “we won’t see human-superior AGI by the end of 2025”....
April 12, 2024
Transcript
Transcript: Is OpenAI’s business model sustainable?
...Michela Tindera I mean, George, couldn’t another fundraising option be for OpenAI to try and go to the public markets? George Hammond That’s a tough one. So OpenAI could go public....
February 28, 2024
Venture capital investment
Venture capital reckons with the end of ‘megafund’ era
...The chief investment officer said: “I would be very surprised if in five years the industry hasn’t shrunk by half. The returns aren’t there . . ....
April 3, 2024
OpenAI
Altman returns to OpenAI’s board after review finds firing was unwarranted
...“This was simply a breakdown in trust between the board and Mr Altman,” said Taylor, adding that the prior board “acted in good faith and didn’t anticipate some of the instability afterwards”....
March 8, 2024
Tiger Global Management LLC
Tiger Global closes $2.2bn fund well below its original target
...“The fund hasn’t been marketed to investors in six months. [The long deadline] was to give people time to digest the Scott news,” they said....
April 1, 2024
Transcript
Transcript: An IPO drought pushes investors to a murky marketplace
...And lately, that hasn’t been happening as much. George Hammond Since 2021, we’ve seen a pretty dramatic slowdown in the venture capital market....
January 17, 2024
OpenAI
OpenAI releases Musk emails to show he backed for-profit plans
...“We couldn’t agree to terms on a for-profit with Elon because we felt it was against the mission for any individual to have absolute control over OpenAI....
March 6, 2024
Silicon Valley Bank
What has replaced Silicon Valley Bank as start-ups’ favourite banker?
...“It was really tough in a time of purposefully slowing down growth to drive profitability, but they wouldn’t back down on it,” the executive said....
March 8, 2024
The Big Read
Can OpenAI create superintelligence before it runs out of cash?
...If they don’t have a technological lead, their advantage is much lower,” Mollick said....
February 15, 2024
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
OpenAI
OpenAI says New York Times ‘manipulated’ ChatGPT in copyright feud
...Before that, it claims, it had been engaged in productive discussions with the media organisation about a partnership, and had explained that Times “content didn’t meaningfully contribute to the training...
January 8, 2024
Trading technology
Carta customers say platform tried to trade their shares without consent
...“Where I think it crosses the line [is] where Carta uses their employees to solicit these sales . . . knowing company or board hasn’t approved any secondary sales,” he continued....
January 7, 2024
Transcript
Transcript: OpenAI and Sam Altman’s superpowers
...And then he fell out with some of his coalition partners over that and then decided he wouldn’t run again. And so we have the elections. Sonja Hutson OK....
November 22, 2023
InterviewLunch with the FT
AI scientist Fei-Fei Li: ‘Maths is pretty clean. Humans are messy’
...“Or I didn’t, I don’t know. You know, maybe I broke it because, look at me: I’m a Stanford professor. But I didn’t because I’m not part of the Silicon Valley bro world.”...
December 15, 2023
Venture capital investment
Silicon Valley investors build $300bn cash pile in start-up funding crunch
...“LPs don’t usually like to put pressure on VCs to spend money, but if you’re entering your third year of not doing anything, they’re starting to ask what are my fees for,” said a Silicon Valley venture capital...
January 30, 2024
News in-depthVenture capital investment
Big Tech outspends venture capital firms in AI investment frenzy
...“Even the world’s top venture investors, with tens of billions under management, can’t compete to keep these AI companies independent and create new challengers that unseat the Big Tech incumbents,” said...
December 29, 2023
Boeing Co
Boeing and supplier shares fall after mid-flight accident
...Other types of aircraft similarly use plug-in doors, he noted, adding: “I don’t know of any case where this has occurred previously.”...
January 8, 2024
Aviation accidents and safety
Boeing shares fall as investigators locate door that blew out during flight
...Other types of aircraft similarly use plug-in doors, he noted, adding: “I don’t know of any case where this has occurred previously.”...
January 8, 2024
News in-depthSam Altman
The Sam Altman effect: ‘His superpower is getting people onside’
...AI wasn’t Altman’s only bet, however....
November 21, 2023
OpenAI
Altman appears at OpenAI offices as pressure grows to reinstate him
...“The rank and file at OpenAI don’t dispute those are important. The dispute is that OpenAI doesn’t own a piece....
November 19, 2023

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