Articles from fortune.com

Articles from fortune.com

Three Nvidia customers spent a collective $12.6B in Q3, when it had a total revenue of $35.1B; each of them spent $10B+ in the nine months to October (fortune.com)
15 hours ago Nvidia

Las Vegas-based Monkey Tilt, which combines online gambling with a chat function and content made by influencers, raised a $30M Series A led by Pantera (fortune.com)
1 day ago Vegas

DCG founder Barry Silbert announces a subsidiary called Yuma to help build decentralized AI services called “subnets” on the Bittensor blockchain network (fortune.com)
2 days ago Blockchain AI Decentralize

How Mark Zuckerberg made Llama a cornerstone of AI ambitions at Meta, whose smartphone-era services and products have been constrained by Apple and Google (fortune.com)
2 days ago Google AI Apple Zuckerberg

Roboflow, which provides open source tools for developers to build computer vision models, raised a $40M Series B led by GV (fortune.com)
3 days ago

Memo: Amazon employees have found there is too much of a delay between asking a question to the new AI-based Alexa and getting a response or completing a task (fortune.com)
4 days ago Amazon AI

Streams Charts: Election Day livestreams generated ~84M hours of watch time, with 80.6% on YouTube, where Fox News had 1.14M peak viewers, beating other outlets (fortune.com)
15 days ago YouTube

Internal memo: Block CEO Jack Dorsey says Tidal is in for another mass layoff; insiders say as many as 100 people could be laid off, or ~25% of Tidal's staff (fortune.com)
22 days ago

Chaos Labs and Inca Digital analysts say Polymarket activity exhibits signs of wash trading, a form of market manipulation to create a false volume and activity (fortune.com)
23 days ago

Sources: Meta laid off ~100 people, at least the third such incremental layoff at Meta in 2024, separate from those let go for improper use of Grubhub credits (fortune.com)
2024-10-18

Amsterdam-based Tebi, a payments app aimed at independent businesses like bars and cafes, raised a €20M Series A led by Index Ventures (fortune.com)
2024-10-16

Los Angeles-based Ghost, a B2B marketplace for surplus inventory with more than 6,000 members, raised a $40M Series C led by L Catterton (fortune.com)
2024-10-16

Azra Games, a video game developer working on an RPG that uses web3 tech, raised a $42M Series A led by Pantera Capital, bringing its total raised to $68.3M (fortune.com)
2024-10-16

Analysis: since ChatGPT's launch about two years ago, the US DOD has awarded ~$670M in contracts to ~323 companies for AI projects, up 20% from 2021 and 2022 (fortune.com)
2024-10-15 AI

Sources say many OpenAI staff thought that o1 was not ready to be unveiled, and then-CTO Mira Murati was often stuck in the middle of arguments between teams (fortune.com)
2024-10-2

a16z is a prosecution witness in the DOJ's case against BitClout founder Nader Al-Naji, who raised hundreds of millions dollars for his failed crypto startups (fortune.com)
2024-9-26 Startup

Sources: many OpenAI staff were taken aback by a proposed ChatGPT logo with a simple, large black “O”, which struck some as ominous and lacking in creativity (fortune.com)
2024-9-22

Google Ventures CEO David Krane about the firm's first 15 years, operating independently from Alphabet, early investments in Nest and Uber, generative AI, more (fortune.com)
2024-9-21 Google Uber AI Alphabet

Denver-based Hotel Engine, a hotel booking and management service, now called Engine, raised a $140M Series C at a $2.1B valuation, up from $1.3B in late 2021 (fortune.com)
2024-9-17

Sources: Sam Altman told OpenAI's staff that the company plans to move away from being controlled by a nonprofit sometime in 2025 (fortune.com)
2024-9-14

Interviews with Marc Benioff and others about Salesforce's “hard pivot” to Agentforce, a platform for users to build and deploy AI agents in Salesforce apps (fortune.com)
2024-9-6 AI Salesforce

Arkansas-based Laravel, known for its open-source PHP web framework released in June 2011 and which now has 35 employees, raised a $57M Series A from Accel (fortune.com)
2024-9-6

Elon Musk said xAI brought its “Colossus 100k H100 training cluster online” over the weekend, which will “double in size to 200k (50k H200s) in a few months” (fortune.com)
2024-9-4 Elon Musk

Bridge, which aims to build a global payment network around stablecoins, raised $40M led by Sequoia and Ribbit, taking its total funding to $58M (fortune.com)
2024-8-30

Source: last year, Meta abandoned plans to build its own custom chips for its AR glasses, instead opting to rely on third-party chipmakers like Qualcomm (fortune.com)
2024-8-28 AR

A US district judge rules X Holdings should unseal its corporate disclosure statement by September 4, revealing X and xAI shareholders fully for the first time (fortune.com)
2024-8-22

During a talk, Eric Schmidt said Google is losing the AI race because it decided that work-life balance and working from home were “more important than winning” (fortune.com)
2024-8-15 Google AI

California's AI safety bill will harm developers, open-source development, the public sector, and academia, while failing to address the potential harms of AI (fortune.com)
2024-8-7 AI California

Apple and Mozilla will take a big hit if the Google search ruling is upheld; in 2021-2022, $510M out of $593M of Mozilla's revenue came from its Google deal (fortune.com)
2024-8-6 Google Apple Mozilla

Savvy Wealth, a digital wealth management service for financial advisors and clients, raised a $26.5M Series A led by Canvas, taking its total funding to $33M (fortune.com)
2024-8-6

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