ARK Invest’s chief futurist lists five groups that should give tech investors an edge. According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are key areas because they’re all entering the marketplace at the same time. “We believe that this is a unique time in technological economic history,” he told …
Emad Mostaque, founder and CEO of Stability AI, speaks during the Bloomberg Technology Summit in San Francisco, California, US, on Thursday, June 22, 2023. David Paul Morris | Bloomberg | Getty Images Beleaguered artificial intelligence startup Stability is laying off employees after the exit of its controversial former CEO Emad Mostaque. Stability, which is behind …
This week in artificial intelligence (AI) news, the U.S. and the U.K. are collaborating on safety tests for advanced AI technologies. Tech giants like Google and Microsoft have formed a task force to prepare workers for the AI era, addressing the urgent need for AI skills in evolving job markets. In venture capital, AI has shifted from a hot …
The dearth of dealmaking shows that, despite a rebound in tech stocks last year and continuing hype around generative AI, venture capitalists are still largely on the sidelines. Startup financings soared to record levels in 2021, before slowing dramatically the following two years as inflationary concerns and rising interest rates pushed investors into safer assets …
Artificial intelligence will no doubt change much about our world in the long run. But for now, we may be living through an AI bubble. Those seeking evidence of this might cite news of Cognition Labs seeking a $2 billion valuation, as reported by the Wall Street Journal on Saturday. Founded in November, Cognition Labs …
In December 2022, someone was looking for Emad Mostaque. The founder and CEO of Stability AI, one of the hottest startups in the nascent generative AI field, could not be found. Even Mostaque’s wife, Zehra Qureshi, was not sure. She texted an employee, worried about Mostaque and noting that he’d left home in his pajamas. …
The VC firm Andreessen Horowitz was co-founded by Ben Horowitz. Getty Silicon Valley venture capital giant Andreessen Horowitz is aiming to raise $6.9 billion from investors for a new collection of funds, including two focused on artificial intelligence, according to a person familiar with the matter. The firm is raising the money for a master fund, …
Passes chief Lucy Guo sold Pokémon cards to friends in elementary school, and now she’s selling creators on a way to diversify their income. Courtesy of Lucy Guo Lucy Guo is already a self-made millionaire who can put the cofounding of a bona fide unicorn, the $7 billion–valued Scale AI, on her resume. Now the …
Recogni, an artificial intelligence (AI)-based computing firm, has closed a Series C funding round, securing $102 million. The funding will be used to drive the development of next-generation systems for AI inference solutions that aim to significantly boost performance and power efficiency while offering the lowest total cost of ownership, the company said in a …
Image Credits: Slava Blazer / TechCrunch Felicis, the 16-year-old Bay Area-based early-stage venture firm, has a reputation for investing globally. Indeed, firm founder Aydin Senkut — who spent a handful of years at Google as a product manager in its earlier days — was born in Turkey and talks often of the hustle he sees …