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Mistral, an OpenAI Rival in Europe, in Talks to Raise Capital at a $5 Billion Valuation

Mistral, a Paris-based startup developing artificial intelligence that is open source, has been speaking to investors about raising several hundred million dollars at a valuation of $5 billion, according to a person with direct knowledge. The company, which has just recently begun to generate revenue, in December raised $415 million at a valuation of...

Wed Apr 17, 2024 04:50
Goldman Sachs Sees Gold Mine in Financing AI

It’s not only tech companies that see artificial intelligence as a big new moneymaking opportunity. It’s a potential gold mine for investment banks, according to Goldman Sachs CEO David Solomon. Using a newer piece of corporate lingo, Solomon “double-clicked”—elaborated, in plain English—on the potential of AI while he was speaking on Monday’s earnings...

Wed Apr 17, 2024 03:10
Before Tesla Layoffs, Musk Cranked Up Pressure Amid Sales Slump

When Elon Musk arrived at Tesla’s Austin, Texas, factory last week to tour an expansion project on the south side of the 10-million-square-foot facility, he was furious. The expansion was part of a high-priority project for Musk: a data center for Dojo, a supercomputer Tesla is developing. Dojo is necessary to make full self-driving capabilities,...

Wed Apr 17, 2024 01:26
A Fresh Sign Creator Startups Haven’t Hit Bottom

These days, when I think of startups in the “creator economy,” a subsector propelled by the rise of TikTok and influencers, I think of pricey disappointments like Cameo and Clubhouse, or one of several smaller ventures that shuttered in recent months. And I struggle to come up with any big winners, beyond giants like ByteDance and Instagram, which for...

Wed Apr 17, 2024 01:26
What to Make of Venture’s New Appetite for Creator Startups

We are so back (sort of). Funding for U.S. creator economy startups increased for the first time in two years, bucking a continued slump in overall funding for American startups. Investments in these U.S. startups more than doubled in the first three months of the year to nearly $341 million year-over-year, according to The Information’s Creator Economy...

Wed Apr 17, 2024 00:09
Shopify Employees Go Head to Head for Raises in New Ranking System

Some companies like to pit workers against each other to encourage them to pull out all the stops. At Shopify, a new employee ranking system rolled out in stages over the past year has, in the view of some employees, put that philosophy into action—by effectively making employees compete for pay rises. In recent months, Shopify has been assigning...

Tue Apr 16, 2024 22:52

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