8k followers 37 articles/week
Nvidia Does It Again

All those worrywarts can relax. Nvidia did it again. The AI chip giant reported fourth quarter revenue of $22 billion, $2 billion ahead of its projection, and 265% higher than a year earlier. Even better, Nvidia projected its first quarter revenue would be $24 billion, indicating that growing competition is not yet doing much to dent its rocketship-like...

Thu Feb 22, 2024 03:03
Why the Cybersecurity Growth Slowdown Could Boost Microsoft Sales

Cybersecurity providers are facing a moment of truth. After years of persuading companies to spend more on security software, hackers are still getting through. That’s giving some companies “cyber fatigue,” and putting them under pressure to buy less, Palo Alto Networks CEO Nikesh Arora said on Tuesday. Other industry executives echoed his comments,...

Thu Feb 22, 2024 01:51
Eight More Creator Startups Closed as VC Money Evaporated

Last week, we published a list of creator economy startups that could be on the market for a new owner because they haven’t raised more than a seed round of venture capital in two years and may be running low on cash. Some founders have already pulled the plug on their startups, we discovered.At least eight early-stage startups in The Information’s...

Thu Feb 22, 2024 01:41
Sequoia to Appoint Andrew Reed to Klarna Board After Failed Moritz Ouster

Sequoia Capital has picked partner Andrew Reed to replace Matthew Miller on the board of ‘buy now, pay later’ company Klarna, according to people familiar with the matter. Miller had joined the board in January and recently led a failed effort to remove former Sequoia leader Michael Moritz from his position as Klarna’s board chairman. On Tuesday,...

Thu Feb 22, 2024 00:10
The ‘Magic’ Breakthrough That Got Friedman and Gross to Bet $100 Million on a Coding Startup

Former GitHub CEO Nat Friedman and his investment partner, Daniel Gross, raised eyebrows last week by writing a $100 million check to Magic, the developer of an artificial intelligence coding assistant. There are loads of coding assistants already, and the top dog among them is Microsoft’s GitHub Copilot. So what did Friedman and Gross see in Magic?The...

Wed Feb 21, 2024 17:04
The People With Power at ServiceNow

ServiceNow is the rare technology company not to have laid off employees in the past 18 months. The software maker, whose $154 billion market capitalization outranks better-known brands such as Shopify and Snowflake, avoided layoffs by hiring prudently: Revenue has grown faster than headcount each year for at least a decade. Hiring slowed considerably...

Wed Feb 21, 2024 16:04

Build your own newsfeed

Ready to give it a go?
Start a 14-day trial, no credit card required.

Create account