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☆ How Bloomberg Beta's James Cham finds the tech founders making a 'dent in the universe'
▼ + stars: | 2024-05-06 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

Cham ended up writing one of the first checks to Weights & Biases after he was convinced Biewald fulfilled his lofty criteria for backing founders. "I am looking for people who are trying to make a dent in the universe," Cham said. Instead of asking founders how they plan to make that dent, Cham prefers to spend lots of time observing them to see what makes them tick. Cham began making his own dent in the world after majoring in computer science at Harvard and becoming a consultant at Accenture. "The reality that the money that we make goes towards Bloomberg Philanthropies is something founders oftentimes find appealing," Cham said.

Persons: James Cham, Lukas Biewald, Cham, Biewald, Jeff Lawson, It's, Bloomberg Philanthropies, who've, James, Shreya Rajpal, who's, Rajpal Organizations: Bloomberg Beta, Business, Harvard, Accenture, Massachusetts Institute of Technology, Bessemer Venture Partners, Trinity Ventures, Bloomberg

☆ A machine learning engineer shares the résumé template that got him his first job and his senior role at Google
▼ + stars: | 2024-05-06 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Related storiesThis is the résumé he used to land a software development graduate program role at Booking.com in Amsterdam right after college. Later, he used an updated version of that résumé — with the same template — for a software engineering role at Google, where he's worked for more than four years. AdvertisementThe résumé template Dua used to apply to Booking.com in 2016. Make yourself searchable online: Dua adds links to his online profiles on his résumé and takes steps to build more online visibility. On LinkedIn, he uses his current job section to add more about his role and achievements than his one-page résumé allows.

Persons: —, Dua, he's, PyCon, Nick Shah, Shah Organizations: Service, Business, Booking.com, Google, LinkedIn, Peterson Technology Partners Locations: Delhi, India, Amsterdam, Google's Zurich, Sahil, Park Ridge , Illinois

☆ Last year, an unknown person briefly took nominal control over OpenAI's $175 million startup fund. The company says the government filing was 'fabricated.'
▼ + stars: | 2024-03-29 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

One document, filed in April of 2023, listed Jacob Thomas Vespers and Vespers Inc—a company formed the same day—as manager of the fund. A document filed a few weeks later registered the address of the company as unit 234, a small second-story apartment overlooking the courtyard at The Orchard. When OpenAI was informed about the Vespers document by the journalist in July 2023, the company did not report the allegedly fabricated filing to any authorities, Wood said. All of them are associated with Jacob Thomas Vespers, referred to in some documents as Jacob Thomas Redmond Messer or Jacob Thomas Redmond or Jacob Thomas Messer. There's a github post made under a profile name, Jacob Thomas Redmond, on May 19th, 2023 that bears some tell-tale signs of being AI generated.

Persons: —, Jacob Thomas Vespers, Sam Altman, Madhav Dutt, Dutt, Kayla Wood, OpenAI, Wood, Paul Carroll, he's, Carroll, Jacob Thomas, Jacob Thomas Redmond Messer, Jacob Thomas Redmond, Jacob Thomas Messer, Redmond, Messer Organizations: Service, California, State, Business, SEC, Corporations, Integrity Locations: Santa Ana , California, The, Silicon, California

☆ More startups are paying for ChatGPT as generative AI becomes a go-to tool for tech employees like engineers
▼ + stars: | 2024-03-26 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +6 min

65% of startups on Kruze Consulting's platform are paying for OpenAI, up from just 3% when the chatbot launched in late 2022. Back then, OpenAI had an API service that one to three percent of his clients were using, Jones told Insider in an interview. At fintech unicorn CloudWalk, which is building a payments network, a few engineers started using ChatGPT Plus on their own and praising the application on company Slack channels. Indeed, the growing adoption of ChatGPT is creating demand for engineers who are especially savvy at using generative AI to get work done more quickly. "The feedback we got, which is indirectly related to our using AI, is that investors didn't understand how our team has so many clients and has built so much," Siegal said.

Persons: Healy Jones, OpenAI, Jones, Luis Silva, Carlyle, Lauder, ChatGPT, Silva, We're, CloudWalk, he's, Anthropic, GitHub Copilot, Jared Siegal, Siegal, Copilot, Axel Springer Organizations: Kruze Consulting, OpenAI's, Business, OpenAI, Kruze, ChatGPT, eBay, Slack, ChatGPT Enterprise, Lauder Companies Locations: Brazil, Kruze, GitHub

☆ As the CEO of eBay, I keep employees productive by asking this simple question about our work
▼ + stars: | 2024-03-26 | by ( Madeline Stone | ) www.businessinsider.com time to read: +8 min

Jamie Iannone, the CEO of eBay, says the company is using AI to boost efficiency and creativity. After getting this direct feedback, our product teams developed tools powered by AI, including a description generator and an image-based listing flow. eBay is using AI to drive the company forwardeBay has been using AI for years. We also know that happy employees are more productive employees. We take this responsibility very seriously because millions of sellers count on eBay to make them more productive.

Persons: Jamie Iannone, —, we've, they'll, We're, We've Organizations: eBay, Service

☆ These are the 3 Apple patents analysts say could hit the production line
▼ + stars: | 2024-03-24 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Analysts predict which Apple patents are likely to become products. An Apple Watch with a camera, a hand wearable for the Vision Pro, and offline Siri may be possible. He identified three Apple patents he believes the company will likely make. AdvertisementThe patents Saini identified as "highly probable" include:1) An Apple Watch with a cameraApple's patent illustration of an Apple Watch with a camera. "Apple has been silently doing a lot of research on AI," analyst Saini said when asked about Apple's patents related to AI.

Persons: Siri, —, Apple's, Ming, Chi Kuo, Anmol Saini, Saini, Gene Munster, Munster Organizations: Apple, Apple Watch, Vision, Service, GreyB, United States Patent, USPTO, Asset Management, Bloomberg, Google, US Department of Justice

☆ AI Is Upending Google's Search Business. a Lady Gaga Query Shows How.
▼ + stars: | 2024-03-19 | by ( Kali Hays | Hugh Langley | ) www.businessinsider.com time to read: +16 min

Search versus SGESince December, Business Insider has plugged the same queries into Google's traditional search engine and its generative AI version to see how information is presented differently. Mark Mahaney, a top internet analyst at ISI Evercore, has been testing SGE alongside generative AI rivals like Perplexity and OpenAI's ChatGPT. Ray has spotted answers in SGE results that are not sourced from websites that rank in the top 100 positions for that query in traditional Search results. Neither query produced any sort of generative AI response — although a search for "common cold" did. They've already got billions of people using Chrome and using Google search," Shmulik told BI.

Persons: It's, Mark Mahaney, Mahaney, SGE, Adweek, Alan Antin, Google's SGE, Gaga's, Gaga, Tiffany, Kali Hays, Google's, Sundar Pichai, Lily Ray, Ray, Mark Shmulik, Bernstein, Susan Orlean, Evercore's Mahoney, we're, Bernstein's, Shmulik, he's, ChatGPT Organizations: Google, Business, Microsoft, Gartner, ISI, New York Magazine, BI, GitHub, LinkedIn, SGE, Bing Locations: SGE, OpenAI

☆ An OpenAI mystery: YouTube videos, Google throttling, and AI training data.
▼ + stars: | 2024-03-18 | by ( Alistair Barr | Ashley Stewart | ) www.businessinsider.com time to read: +5 min

Read previewThe AI community assumes that OpenAI uses vast quantities of YouTube videos to train models, including its new Sora offering. The mystery is how OpenAI accesses enough YouTube content to make this work. Business Insider asked OpenAI whether it has downloaded YouTube videos at scale and whether the startup uses this content as data for AI model training. Google, OpenAI, and other tech companies are currently arguing that using copyrighted content for AI model training is also legal. And when pressed again about sources of training data, Murati replied, "I'm not going to go into the details."

Persons: —, OpenAI, Mira Murati, Sora, I'm, Murati, Axel Springer, Ashley Stewart Organizations: Service, YouTube, Business, Google, Microsoft, Street

☆ A clip that's seemingly of the CEO behind Devin, the 'first AI software engineer,' at a math event is wowing viewers
▼ + stars: | 2024-03-14 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Read previewOn Tuesday, Scott Wu's startup Cognition launched what it claims to be the world's "first AI software engineer," Devin, creating quite the buzz — and a little discomfort — in the tech community. The autonomous AI developer, Cognition claims, is the first of its kind to write code, fix bugs, and train AI models, among other tasks, all on its own. Today we're excited to introduce Devin, the first AI software engineer. Devin is… pic.twitter.com/ladBicxEat — Cognition (@cognition_labs) March 12, 2024Cognition claims that Devin can radically change how software engineers do their jobs. And reactions to the capabilities of Devin — which Cognition claims can resolve 13.86% of coding issues found in open-source projects on GitHub — seem mixed.

Persons: —, Scott Wu's, Devin, Wu, Reddit, He's, Wu didn't, Peter Thiel's, Scott, Neal, …, Kyle Shevlin, Athagist, Devin —, Aravind Srinivas, Evan You, they'd, I'd, Bro, isn't Organizations: Service, Twitter, Raytheon, Business, Cognition, Harvard University, LinkedIn, Fund, Bloomberg Locations: Singapore

☆ Software engineers are getting closer to finding out if AI really can make them jobless
▼ + stars: | 2024-03-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

A startup backed by Peter Thiel has released the "first AI software engineer." A little-known startup called Cognition Labs stunned software engineers this week when its team of coding whizzes unveiled what it calls "the first AI software engineer." AdvertisementHowever, Cognition's AI software engineer appears to have an aptitude that's a notch above. Of course, the startup has been pretty careful with how it presents its AI software engineer. These reactions are understandable at a time when software engineers are feeling the heat.

Persons: Peter Thiel, Devin, —, Peter Thiel's, Scott Wu, Kyle Shevlin, Athagist, Keynes, Oliver Twist, kAKj7ZeBob — Kyle Shevlin, Evan You, Aravind Srinivas marveled, Mark Zuckerberg Organizations: Service, Software, Cognition Labs, Cognition, Informatics Locations: Singapore

NEW YORK (AP) — The New York Times is fighting off Wordle “clones” — arguing that numerous games inspired by the mega-popular word-guessing game infringe on its copyright protections. And now the Times, which purchased the game in 2022, is sending takedown notices to people behind some of the look-alikes. "As a result, hundreds of websites began popping up with knock-off ‘Wordle’ games that used The Times’ ‘Wordle’ trademark and copyrighted gameplay without authorization or permission,” the spokesperson said. Photos You Should See View All 60 ImagesThe Times’ DMCA takedown notices were first reported by tech outlet 404 last week. Still, Brauneis said he believes the Times' arguments for Wordle copyright infringement are on “a little bit shaky ground" for several reasons.

Persons: ”, GitHub, Vignesh Venkat, Venkat, “, Robert Brauneis, George, Brauneis, —, Josh Wardle, Wordle Organizations: New York Times, Times, Copyright, New York Times Co, George Washington University's Law, Associated Press, AP, U.S . Copyright Locations: California, GritHub

☆ Nvidia may leapfrog Apple in value if the iPhone maker doesn't wow investors with AI soon, analyst says
▼ + stars: | 2024-03-06 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Apple needs to release GenAI services soon — or risk Nvidia overtaking it in value, analyst says. The prediction comes as Apple suffers a decline in iPhone sales in China. Apple is shifting its focus further towards generative AI after killing its electric car project. One key reason Apple may need to ramp up its generative AI efforts is because of iPhone sales headwinds. Leaders of the project reportedly said it nixed the car so employees on that team could instead work on generative AI.

Persons: —, Chi Kuo, Apple, Kuo, catchup, Tesla, Tim Cook hasn't, Microsoft's GitHub, Cook, Kuo didn't Organizations: Nvidia, Apple, Service, Twitter, Google, Counterpoint Research, Huawei, Microsoft, Bloomberg Locations: China

☆ US officials combing leaked documents from Chinese tech firm for clues about Chinese hacking campaigns
▼ + stars: | 2024-02-22 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +6 min

CNN —US officials have been scouring a trove of newly leaked documents from a Chinese tech firm for clues on how the government in Beijing allegedly uses the company in extensive hacking campaigns, multiple US cybersecurity officials familiar with the matter told CNN. The documents, posted anonymously online last weekend for anyone to access, include screenshots of chat logs, as well as records of employees and Chinese government clients of the tech firm I-Soon. “This is some of the best visibility we’ve had into Chinese hacking operations outside of a government SCIF,” said Adam Kozy, who used to track Chinese hackers for the FBI, using an acronym for classified facilities. In a leaked marketing presentation, I-Soon touted its participation in an unspecified hacking project for China’s Ministry of Public Security in 2018. The project “achieved significant results” and received “recognition and praise” from Chinese officials, according to a presentation slide.

Persons: Biden, ”, Adam Kozy, I’m, ” Liu Pengyu, Wu Haibo, Beijing’s, Christopher Wray, Dakota Cary, ” GitHub, “, Wu, Obama, Xi Jinping, Adam Meyers, CrowdStrike, Meyers Organizations: CNN, FBI, Embassy, Telecom, China’s Ministry of Public Security, US Justice Department, US Locations: Beijing, Taiwan, India, Hong, Sichuan, China, Washington ,, Shanghai, Dakota, Asia, South Korea, Kazakhstan, Afghanistan

☆ A cache of leaked Chinese hacking documents just confirmed experts' warnings about how compromised the US could be
▼ + stars: | 2024-02-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Over 570 documents from a Chinese state-backed hacking group were uploaded to Github last week. The documents mentioned at least 20 hacking targets, including countries like the UK and India. The leaks come after multiple warnings by officials on the scales of China's hacking operations. AdvertisementA trove of leaked Chinese hacking documents might have given the world a glimpse of how widespread and effective China's hacking operations could be. The documents, which track hacking activity across multiple countries, belong to iSoon, a private security contractor with ties to China's Ministry of Public Security, according to the Post's report on Wednesday.

Persons: — Organizations: Service, Washington Post, China's Ministry of Public Security, Business Locations: Github, India

☆ New report sheds light on Apple's upcoming AI features that will rival Microsoft's Copilot
▼ + stars: | 2024-02-15 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementCurrently, Apple is urging some engineers to test these new AI features to ensure they work before releasing them externally to developers. Apple's covert plans to launch its AI coding tool soon comes as the company lags behind generative AI efforts currently led by players like OpenAI, Google, and Microsoft. The tech giant, Bloomberg has learned, has plans to integrate AI features into its next software updates for its iPhone and iPad known internally as Crystal. The company is also building features that will generate Apple Music playlists and slideshows, according to the outlet.

Persons: —, GitHub, Apple didn't, Tim Cook, We've, Cook, would've Organizations: Service, Bloomberg, Business, Apple, Google, Microsoft

☆ For $350, you too can have glasses with 'AI superpowers' (and look like a modern-day Gandhi)
▼ + stars: | 2024-02-11 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Brilliant Labs — a Singapore-based startup funded by the creator of Pokemon Go — just released Frame, a $350 pair of non-prescription glasses powered by a multimodal AI assistant called Noa. The glasses project visuals and information directly onto the lenses, so wearers can prompt them with requests for information about almost everything they see or hear. Frame projects visuals and information directly onto the lenses of the glasses. Similarly, the glasses can query both available live web sources and GPT-4 for nutritional information, Tavangar said. The AI startup Humane launched a nearly $700 Ai Pin in November that combines voice command with AI to answer questions, summarize texts, translate languages, and play music.

Persons: —, Noa, they’re, John Lennon, Steve Jobs, Gandhi, Justin Sullivan, OpenAI’s, Bobak Tavangar, Tavangar, ” Tavangar, Pin Organizations: Service, Business, Staff, Labs, buzzy Locations: Singapore

☆ 3 students won $700,000 for using AI to translate 2 tweets worth of text from previously unreadable ancient scrolls
▼ + stars: | 2024-02-10 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Three students won the Vesuvius Challenge for uncovering text in the Herculaneum papyri. The students were awarded a $700,000 prize after using AI to uncover the passages. “This is the society from which the modern Western world is descended.”The Herculaneum papyri were buried thousands of years ago during the eruption of Mt. The Vesuvius Challenge hopes entrants will help uncover about 90% of the first four scrolls. AdvertisementThe founders of the Vesuvius Challenge hope they’ll be able to crack open and read the entirety of all 800 scrolls in the next few years.

Persons: —, Youssef Nader, Luke Farritor, Julian Schilliger, ” Nader, Julius Caesar’s, ” Robert Fowler, Salvatore Laporta, Nat Friedman, Daniel Gross, Brent Seales —, Seales, uncracked, Philodemus, Friedman, …, fihs9ADb48 — Nat Friedman, they’ll Organizations: Service, Freie University, Wall Street, University of Nebraska, ETH Zurich, Villa, Herculaneum Society, Bloomberg Locations: Berlin, Switzerland, Vesuvius, Italian, Herculaneum

BENGALURU, India (AP) — Microsoft CEO Satya Nadella urged in a speech to more than a thousand Indian computer code developers on Thursday that they use the company's artificial intelligence tools being deployed across its products. Nadella said Microsoft Corp. expects that use of AI can help achieve 10%, or $500 billion, of India’s GDP target for 2025. Microsoft is building its fourth data center in India near the city of Hyderabad, where Nadella grew up. Nadella boasted in a speech in Mumbai on Wednesday that his company is still ahead on most benchmarks. Indian Prime Minister Narendra Modi met with Nadella during a visit to the U.S. last June.

Persons: Satya Nadella, ” Nadella, Nadella, ”, “ We’re, It’ll, Narendra Modi, ___ O'Brien Organizations: Microsoft Corp, Microsoft, Hyderabad, OpenAI, Google, Nadella, Apple Inc, Microsoft's, Indian, U.S Locations: BENGALURU, India, Bengaluru, Silicon, United States, Hyderabad, Mumbai, Pune, Chennai, Nadella, Microsoft's India, Providence , Rhode Island

☆ Elon Musk wants to get in on the action to decipher 2,000-year-old papyrus scrolls
▼ + stars: | 2024-02-08 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk is keen to help with efforts to decode 2,000-year-old papyrus scrolls. In a post on X, the billionaire volunteered funds for the Vesuvius Challenge project. Musk told Bloomberg that he was in "favor of civilizational enlightenment." AdvertisementElon Musk wants to help with efforts to decode 2,000-year-old papyrus scrolls. AdvertisementThe Vesuvius Challenge is ongoing since the scrolls have only been partially deciphered.

Persons: Elon Musk, Musk, —, Skip, Nat Friedman, GitHub, Luke Farritor, Youssef Nader, Julian Schilliger Organizations: Bloomberg, Service, Musk Foundation, SpaceX, University of Nebraska, Business Locations: Herculaneum, Mount, Lincoln, Berlin, Swiss, Zurich

☆ AI is setting humanity on the path to a new age of discovery
▼ + stars: | 2024-02-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AI is paving the way to the future tooBill Gates-backed company KoBold Metals has used AI to discover a huge new copper mine. Chip Somodevilla/Getty ImagesAs well as seeing AI be used to excavate the past, it seems to be getting used to forge a path to the future too. Clearly then, billions of dollars aren't just being spent on AI for the sake of achieving some productivity and efficiency hacks. AI could also help usher humans into a new age of discovery.

Persons: —, Nat Friedman, Bill Gates, Chip Somodevilla, Jeff Bezos, Josh Goldman reckons Organizations: Service, Business, KoBold Metals, KoBold, Democratic Locations: Rome, Egypt, Switzerland, Zambia, Democratic Republic of Congo

☆ Satya Nadella's first decade as Microsoft CEO was defined by cloud. What's next?
▼ + stars: | 2024-02-04 | by ( Jordan Novet | ) www.cnbc.com time to read: +11 min

Jason Redmond | AFP | Getty ImagesWhen Satya Nadella replaced Steve Ballmer as Microsoft CEO in February 2014, the software company was mired in mediocrity. Many tech industry analysts and investors would say that, thanks largely to Nadella, Microsoft is now set up to be a powerhouse for the foreseeable future. In a 2020 interview, Pat Gelsinger, then CEO of VMware, said offering his company's software on Microsoft's Azure cloud was akin to a "Middle East peace treaty." Nadella is perhaps best known in the tech industry for pushing Microsoft deeper into cloud computing. While some in the younger generations have Microsoft software at work, it's not necessarily what they grew up using and may not be what they prefer.

Persons: Satya Nadella, Bing, Jason Redmond, Steve Ballmer, Aravind Srinivas, Jeff Bezos, Nadella, Aaron Levie, Levie, Larry Ellison, David Paul Morris, Pat Gelsinger, Michael Nathan, Nathan, he'd, He's, Nat Friedman, Friedman, Kevork Djansezian, Ballmer, Kevin Dallas, I've, Dallas, it's, Gen Z, OpenAI's, Commission's Lina Khan, Sam Altman, Altman, OpenAI isn't, hasn't, Jefferies Organizations: Microsoft, AFP, Getty, Apple, Google, Amazon, Oracle Corp, Oracle, Bloomberg, VMware, Intel, Linux, Ballmer, Los Angeles Clippers, Microsoft Corp, Nokia, Activision Blizzard, Adobe, Activision, Federal, U.S . Justice Department, CNBC Locations: Redmond , Washington, San Francisco, Microsoft's, Silicon Valley, Los Angeles , California, U.S, Europe

☆ Meta used copyright to protect its AI model, but argues against the law for everyone else
▼ + stars: | 2024-01-30 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

Meta tried to use copyright law to get a version of its Llama AI model removed from GitHub. AdvertisementMeta argues strongly that copyright law shouldn't apply when online content is being used for free to build AI models. The takedown notice was submitted through the Digital Millennium Copyright Act, or DMCA, a law that extended the reach of copyright law for the internet age. A failed attemptMeta's attempt to get the early Llama model removed from the developer platform failed in the end. (Meta and Google have so far not weighed in on whether AI model outputs should be protected or not).

Persons: Meta, —, Franklin Graves, Graves, GitHub Organizations: US, Service, Facebook, Big Tech, Microsoft, US Copyright Office, Copyright, Meta, US Copyright, Apple, Google Locations: GitHub

☆ AI voice cloning startup ElevenLabs confirms $1.1 billion valuation after it closes third funding round in year
▼ + stars: | 2024-01-22 | by ( Riddhi Kanetkar | Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Read previewElevenLabs, an early-stage AI startup that has captured the attention of some of the world's biggest investors, has raised its third funding round in a year. The Series B round values the business at over $1 billion, confirming Business Insider's earlier reporting from November. ElevenLabs last raised a funding round in June, when it tapped up investors for $19 million at a $100 million valuation. It has also released a new AI Speech Classifier tool, which lets anyone detect if an uploaded sample contains AI-generated audio from ElevenLabs. ElevenLabs now aims to expand its Classifier tool to other AI voice models in the coming year.

Persons: —, ElevenLabs, Andreessen Horowitz, Nat Friedman, Uber, Daniel Gross, Piotr Dabkowski, Mati Staniszewski Organizations: Service, Business, Google, Github Locations: London, New York, Sequoia

☆ Generative AI startup Recraft just raised $12 million from Khosla Ventures and Nat Friedman with this 22-slide pitch deck
▼ + stars: | 2024-01-18 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Read previewRecraft, a startup that aims to vastly improve the quality of AI-generated images, has raised $12 million in fresh funds. "We are building some unique things using technology that no one else has," Anna Veronika Dorogush, Recraft's CEO and founder told Business Insider. Recraft has brought in $12 million from Khosla Ventures and former GitHub CEO, Nat Friedman, with participation from RTP Global, Abstract VC, Basis Set Ventures, Elad Gil, and other angel investors. The startup originally wanted to raise $10 million but increased the round size due to being heavily oversubscribed, Dorogush said. AdvertisementThe company hasn't spent money on marketing, relying on word-of-mouth referrals to accrue more than 350,000 users, Dorogush added.

Persons: —, Anna Veronika Dorogush, Recraft, Nat Friedman, Elad Gil, Dorogush, hasn't Organizations: Service, Business, Khosla Ventures, RTP Global Locations: London, New York

☆ After big tech layoffs, Silicon Valley may have lost its monopoly on workers
▼ + stars: | 2024-01-14 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

According to Dice's 2023 Tech Sentiment Report, 60% of tech workers in general are interested in leaving their jobs in 2024, which is up from 52% the year prior. According to Art Zeile, CEO of tech careers marketplace Dice, tech workers are most in demand in the aerospace, consulting, health care, financial services and education industries. Zeile says it's in spaces like these — non-tech enterprises with major tech branches — that tech workers can find better work-life balance and more stability than the tech leaders can provide. In corporate America outside of big tech, he said, "There is more of a dedication to making sure that the project gets fulfilled." Tech job growth geographicallyUltimately, Zeile says recent layoffs have induced a jarring disruption in two decades of growth in big tech.

Persons: Justin Sullivan, Jeff Spector, Spector, I'm, CBRE, Art Zeile, Zeile Organizations: Google, Tech, Meta, Microsoft, MGM Studios Locations: Mountain View , California, Silicon Valley, Seattle, America, India

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