Articles from fortune.com

Articles from fortune.com

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

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

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