Articles from fortune.com

Articles from fortune.com

A former CEO and chair of Intel says the company shouldn't be broken up since its foundry unit now has the tech and manufacturing know-how to compete with TSMC (fortune.com)
2025-3-4 Intel Manufacturing

Metronome, which offers APIs to help SaaS companies charge customers based on usage, raised a $50M Series C led by NEA, bringing its total funding to $128M (fortune.com)
2025-3-1 SaaS

IT management platform NinjaOne raised $500M led by Iconiq Growth and CapitalG at a $5B valuation, up from $1.9B after its Series C in February 2024 (fortune.com)
2025-2-25

Verkada, which makes smart cameras, alarms, sensors, and more for enterprises, raised a $200M Series E at a $4.5B valuation, up from $3.2B in September 2022 (fortune.com)
2025-2-20

Harvey, which builds generative AI tools for law firms, raised a $300M Series D led by Sequoia at a $3B valuation; CEO Winston Weinberg says ARR surpassed $50M (fortune.com)
2025-2-15 AI

After Meta laid off 3,600 of its “lowest performers” on February 10, some say they had good performance reviews, and experts say the label is highly subjective (fortune.com)
2025-2-14

Sources: OpenAI co-founder John Schulman is joining former OpenAI CTO Mira Murati's stealth startup; he left Anthropic after joining the startup in August 2024 (fortune.com)
2025-2-7 Startup

White House crypto czar David Sacks says NFTs and memecoins are neither securities nor commodities, but collectibles that people buy to “commemorate something” (fortune.com)
2025-1-25 Commodity

CFPB announces a $175M settlement with Block, including $120M in refunds to consumers, saying Cash App allowed rampant fraud while misleading its customers (fortune.com)
2025-1-17

Eve, which makes AI tools for law firms, raised a $47M Series A led by a16z, and says its revenue has grown by 5x over the past eight months (fortune.com)
2025-1-16 AI

Sources: Movement Labs, which is building a layer-2 Ethereum blockchain, is set to raise a $100M Series B at a $3B valuation, after raising $38M in April 2024 (fortune.com)
2025-1-9 Blockchain Ethereum

A profile of AWS CEO Matt Garman, including his first few months on the job, what his stewardship means for the business, and his opportunities and challenges (fortune.com)
2024-12-21

Sources: David Sacks' role as WH AI and crypto czar will be limited to an adviser role, overseen by Michael Kratsios, partly because he won't divest from Craft (fortune.com)
2024-12-21 AI

Sam Altman says Elon Musk is “clearly a bully” who is suing OpenAI because the startup is doing really well and calls the lawsuits “a little bit of a sideshow” (fortune.com)
2024-12-21 Startup Elon Musk

UK-based BVNK, a stablecoin infra startup with ~$40M in annualized revenue, raised a $50M Series B led by Haun Ventures; a source said it values BVNK at ~$750M (fortune.com)
2024-12-18 Startup

Stability AI CEO Prem Akkaraju, who was hired in June 2024, says the startup has seen “triple digit growth” and has “a clean balance sheet, no debt” (fortune.com)
2024-12-10 Startup AI

David Sacks, who called OpenAI a “piranha for-profit company”, becoming AI czar comes at a delicate moment for OpenAI as it transitions to a for-profit (fortune.com)
2024-12-8 AI

Sources: Meta's internal coding tool, Metamate, incorporates OpenAI's GPT-4 alongside Llama to make the tool more useful for developers and other Meta staff (fortune.com)
2024-12-4

Real estate broker and reality TV personality Ryan Serhant raised $45M for his app S.MPLE, which lets real estate brokers automate parts of their sales process (fortune.com)
2024-12-3

Wherobots, which offers a cloud-based platform to process and analyze geospatial data from satellites and other sources, raised a $21.5M Series A led by Felicis (fortune.com)
2024-11-27

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)
2024-11-23 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)
2024-11-22 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)
2024-11-21 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)
2024-11-20 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)
2024-11-20

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)
2024-11-19 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)
2024-11-7 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)
2024-10-31

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)
2024-10-31

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

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