Articles from fortune.com

Articles from fortune.com

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

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

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