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☆ Insider Today: Amazon's secret search plan
  + stars: | 2023-10-03 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
AdvertisementAdvertisementThe retail giant is overhauling its search bar with ChatGPT-like features that'll act as a sort of concierge for customers, offering expert answers and product suggestions. Dubbed Project Nile, Amazon's top leaders, including CEO Andy Jassy, view the new search bar as a top priority. AdvertisementAdvertisementHowever, Amazon's overhauled search bar will arguably be the most impactful implementation of generative AI from Big Tech for US consumers thus far. insider intelligenceIn reading Eugene's piece, three follow-up questions immediately came to mind:How will Amazon sellers try and game the new search bar? However, Joseph Sirosh serves as VP of Amazon Search and Alexa Shopping, suggesting Alexa could get a much-needed boost from the new search bar.
Persons: —, Mike Blake, Alyssa Powell, Amazon's, Andy Jassy, Eugene Kim, Joseph Sirosh, Alexa, TikTok, Ben Sun, Anu Duggal, Susan Lyne, Josh Wolfe, Matt Harris, Jillian Williams, Melissa Kwan, Sergey Brin, Brin, Hugo Herrera, Sam Bankman, Fried, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Reuters, Nile, Microsoft, Big Tech, Alexa, Amazon Search, Getty, Wall Street, BBG Ventures, Lux Capital, Apple, Bain Capital Ventures, Cowboy Ventures, Prosecutors, BET, MLB, American League and National League, Houston Astros Locations: Atlanta, Sonoma , California, New York City, San Diego, London, New York
☆ Hundreds of venture capital firms vow to work with Silicon Valley Bank again if new owner is found
  + stars: | 2023-03-12 | by ( Lora Kolodny | ) www.cnbc.com   time to read: +3 min
More than three hundred venture capital firms have signed a joint statement vowing to do business again with Silicon Valley Bank if it is "purchased and appropriately capitalized," after the financial institution failed on Friday. The SVB failure marks the largest in U.S. banking since the 2008 financial crisis and the second-largest ever. Some venture firms withdrew their own money and instructed their portfolio companies to withdraw their deposits from SVB before the run. The joint statement was shared by many individual venture capitalists on social networks following the bank failure. It said:Silicon Valley Bank has been a trusted and long-time partner to the venture capital industry and our founders.
☆ More than 110 VC firms, led by General Catalyst, are banding together in support of Silicon Valley Bank
  + stars: | 2023-03-11 | by ( April Joyner | ) www.businessinsider.com   time to read: +4 min
More than 110 venture capital firms have signed a statement in support of Silicon Valley Bank. "Silicon Valley Bank has been a trusted and long-time partner to the venture capital industry and our founders," a joint statement from more than 110 firms reads. Hemant Taneja, the CEO of the VC firm General Catalyst, which led the effort to organize support for SVB, tweeted the statement on Friday evening. Alongside General Catalyst, 12 other firms signed the initial statement, including Accel, Greylock, Kleiner Perkins, Lightspeed Venture Partners, and Upfront Ventures. Some VC firms, including Founders Fund, Y Combinator, and Union Square Ventures, advised their portfolio companies to pull the bulk of their funds out of the bank.
☆ Check out the exclusive pitch deck that live-learning startup Hone used to raise $30 million for online career training and upskilling
  + stars: | 2022-09-21 | by ( Madeline Renbarger | ) www.businessinsider.com   time to read: +3 min
Hone landed clients like Aramark and Indeed and raised a $30 million Series B that 3L Capital led. Unlike large, asynchronous online courses like those LinkedIn Learning and Coursera host, live, vetted, and professional teachers lead Hone's courses. Hone said it was ahead of the curve on this trend, offering online trainings since its founding in 2017. The Hone team hopes to use the new funding to expand their course catalog and offer more hybrid and in-person learning opportunities. Check out the 13-slide pitch deck that Hone used to raise its $30 million Series B round:
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