John T. Hammond

February 9, 2024

Stripe in ‘no rush’ to go public as cash flow turns positive

...We hit dual milestones of $1tn in payment volume and being cash flow positive,” said John Collison, Stripe’s co-founder and president....

March 13, 2024

FT Live

TNW Conference 2024 - The Next Web

Europe’s leading tech event for corporates, startups, investors and governments

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

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

Philip Hammond

Crypto firm Copper met UK officials after Philip Hammond phone call

...The crypto company was invited to meet finance ministry civil servants in February 2022, within days of a conversation between Hammond and John Glen, then economic secretary....

October 5, 2023

FT Live

Building an AI-First Organisation

How can business leaders use AI to drive value?

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

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

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

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

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

Artificial intelligence

Microsoft derides ‘doomsday futurology’ of New York Times’ AI lawsuit

...The New York Times case is one of several lawsuits filed against ChatGPT’s creators and investors, including by bestselling authors such as John Grisham and Jodi Picoult....

March 5, 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

FT Live

Transforming the Finance Function with AI

Strategies for delivering advanced analytics, automation and decision-making

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

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

OpenAI

OpenAI says New York Times ‘manipulated’ ChatGPT in copyright feud

...Notable fiction authors including John Grisham and Jodi Picoult previously filed a similar lawsuit....

January 8, 2024

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

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

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

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

Photography

John Waters on Peter Hujar’s ‘original, sexy’ photography

...He was an inch away from you; he didn’t say a lot. It didn’t last for ever. He didn’t want anything either; Peter didn’t care about money....

April 13, 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

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

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