DIRS.INFO The most relevant business & tech news

☆ More Americans are feeling a six-figure salary can't afford them a middle-class lifestyle
▼ + stars: | 2024-05-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at people who feel like a middle-class salary doesn't equal a middle-class lifestyle . The big storyMiddle-class meltdownMichael Raines"Lately, I'm getting the feeling that I came in at the end. AdvertisementBusiness Insider's Jennifer Sor has a report on the people making over six figures who think the middle-class lifestyle they dreamed of isn't realistic for their salary . AdvertisementMarco Bottigelli/Getty, Yevgen Romanenko/Getty, Maskot/Getty, Tyler Le/BILet's address the elephant in the room: A six-figure salary is still a lot of money. Words like "AI Infrastructure" and "generative AI" point to more money heading to Nvidia for its popular H100 GPU chip.

Persons: —, Michael Raines, I'm, It's, Tony Soprano bemoaned, Jennifer Sor, Vincent, it's, Marco Bottigelli, Yevgen Romanenko, Tyler Le, Jenny Chang, Rodriguez, Warren Buffett, Buffett, Shruti Gandhi, Dalton Caldwell, James Cham, Hemant Taneja, Jenny Lefcourt, Nick Little, Sam Altman, Alice Zhang, Serena Williams, Jack Dorsey, Dorsey, — Dorsey, Bluesky, Alyssa Powell, Katie Notopoulos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Pew Research Center, nab, Adobe, Wall, Hamptons, Nvidia, Genomics, Serena Ventures, Fortune, Starbucks Locations: New York, Zillow, Santa Barbara , California, Berkshire, Bluesky, London, Chicago

☆ A top investor in global brands from Airbnb to Snap says we need swift 'guardrails' to get countries on the same page about AI
▼ + stars: | 2024-02-20 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

The CEO of the VC firm General Catalyst told WSJ that international collaboration will be crucial. World leaders should "align on some core protocols" for AI development, he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Now there's this tension where no country wants to be left behind. So far, Russia has lagged behind China and the US in AI development.

Persons: Catalyst, —, Hemant Taneja, Taneja —, Taneja, Joe Biden, it's, Vladimir Putin Organizations: Service, Wall, publication's, US Commerce Department, European Locations: France, India, China, Russia

☆ Open source needs to be a key pillar of how AI gets developed, says General Catalyst CEO
▼ + stars: | 2023-11-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpen source needs to be a key pillar of how AI gets developed, says General Catalyst CEOHemant Taneja, General Catalyst CEO, joins 'Squawk on the Street' to discuss the caution vs. commercialization debate taking place with AI, how pivotal this moment is for artificial intelligence, and whether the weekend's events have helped the industry.

Persons: Hemant Taneja Organizations: Catalyst

☆ 2 General Catalyst health-data startups are joining forces to create a $6 billion AI colossus and lay the groundwork for an IPO
▼ + stars: | 2023-10-09 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

The General Catalyst-backed startups Commure and Athelas are merging in a deal to bring more artificial-intelligence tech to hospitals and health systems. The new company, which is keeping the name Commure, plans to stack Athelas' software on top of Commure's data platform for health systems. General Catalyst is investing $70 million in the new firm at a $6 billion valuation, and Tanay Tandon, the founder and CEO of Athelas, will lead the combined company. Commure will consider companies making those tools in a range of categories, including credentialing, contracting, and patient engagement, he said. The company has about 100 open positions, Tandon said, and expects to hire hundreds more people in 2024.

Persons: Tanay Tandon, Hemant Taneja, Tandon, Commure, Catalyst, Athelas Organizations: Catalyst, General

☆ See photos of tech's elite all dressed up at the White House
▼ + stars: | 2023-06-23 | by ( Grace Mayer | Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Some of the tech and business industries' top CEOs attended a White House dinner Thursday. Take a look at the CEOs and industry giants who made the guest list and dressed up in their finest. The White House invited leaders from across the tech and business industries for a dinner held for Prime Minister of India Narendra Modi's visit to Washington. The visit has been a crucial one for Biden, as the White House looks to build closer ties with India. Here's a look at the CEOs and industry giants who made the guest list and dressed up in their finest.

Persons: OpenAI, India Narendra Modi's, Biden, Mark Zuckerberg, Elon Musk, Tesla, Dana White, James Murdoch, Rupert Murdoch's, Jane Fraser, Adena Friedman, Deven Parekh, Hemant Taneja, Catalyst, Ralph Lauren, M, David Calhoun, Larry Culp, Doug McMillon Organizations: White, Apple, Google, Morning, Microsoft, White House, Meta, Twitter, UFC, Citigroup, Nasdaq, Insight Partners, Boeing, Electric, Walmart Locations: Washington, India, China, Taiwan

☆ Apple's Tim Cook calls India 'huge opportunity' after tech meeting at White House with Prime Minister Modi
▼ + stars: | 2023-06-23 | by ( Seema Mody | ) www.cnbc.com time to read: +3 min

US President Joe Biden looks on as India's Prime Minister Narendra Modi speaks during a meeting with senior officials and CEOs of American and Indian companies, in the East Room the White House in Washington, DC, on June 23, 2023. The tech company execs spent over an hour with Prime Minister Narendra Modi inside the White House on Friday, discussing opportunities and challenges in investing in India. After the meeting concluded at the White House, Apple CEO Tim Cook told CNBC that India represents a "huge opportunity." It was the first state visit to the U.S. for Modi, who became prime minister in 2014. Following Friday's meeting, the White House said Google will be working with the Indian Institute of Science on open sourcing of speech data for artificial intelligence models.

Persons: Joe Biden, Narendra Modi, Biden, execs, Modi, Elon Musk, Tim Cook, Sam Altman, Altman, Hemant Taneja, Catalyst, Taneja, Kenneth Juster, who's Organizations: India's, Apple, Microsoft, Tesla, White, CNBC, Google, Indian Institute of Science, U.S, Micron, Applied Materials, Research, Council, Foreign Relations, Biden Locations: Washington ,, India, U.S, Washington, China, Gujarat

But all the deals and pomp of the visit — including an address to Congress and a lavish state dinner — may not have accomplished what the White House had wanted. U.S. leaders gave Modi a hearty welcome, as Washington seeks to nudge India further into the American sphere of influence. “The partnership is among the most consequential in the world,” Biden said at a news conference on Thursday. Biden and Modi largely brushed off criticism of the Indian government’s crackdown on human rights and religious freedom. And Modi made no pledges to endorse U.S. efforts to restrain China, nor to cut ties to Russia.

Persons: Modi, ” Biden, Dave Calhoun, Larry Culp, G.E, James Taiclet, Lockheed Martin, Sam Altman, OpenAI, Tim Cook, Sanjay Mehrotra, Sundar Pichai, Lisa Su, Ken Chenault, Jane Fraser, Adena Friedman, Deven Parekh, Hemant Taneja, ” Taneja, DealBook, Biden Organizations: White, General Electric, chipmakers, Micron, Materials, World Trade Organization, America, Boeing, Lockheed, Tech, Apple, Citigroup, Nasdaq, Insight Venture Partners, Catalyst, The Times, House Locations: India, China, Russia, U.S, Washington, portobello, United States

May 16 (Reuters) - Hippocratic Health, a startup building artificial intelligence models for the healthcare industry, has raised $50 million in a larger-than-usual seed funding round, signaling strong investor interest in betting on AI models for specific industries. Large language models are AI systems that mine vast amounts of data to summarize information and generate content. Also known as foundation models, large language models can perform tasks from writing essays to generating codes. Our focus is to build the safest language model for healthcare," said Shah, who previously founded insurance startup Health IQ. A16z said it is one of the largest seed checks it has written in the healthcare industry.

☆ A.I. needs radical collaboration to stop unintended consequences, says General Catalyst's Hemant Taneja
▼ + stars: | 2023-03-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. needs radical collaboration to stop unintended consequences, says General Catalyst's Hemant TanejaHemant Taneja, General Catalyst CEO, joins 'Closing Bell Overtime' to discuss the need for new guard rails on A.I., the call by tech leaders for a 6-month pause on AI development, and the concerns about A.I.

☆ Some VC firms have started moving money back into Silicon Valley Bank, marking the latest turn in the bank's wild week
▼ + stars: | 2023-03-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Some VC firms have started moving their money back to Silicon Valley Bank. The bridge bank took over the deposits of the Silicon Valley Bank, a financial institution that served nearly half of all US venture-backed companies, per its website. Another group of VC firms also came out in support of Silicon Valley Bank, issuing a joint statement on Tuesday. Taneja also started a drive for VC firms to express their support for Silicon Valley Bank over the weekend. The bank run at Silicon Valley Bank triggered concerns about the financial health of smaller, regional banks in the US, spurring a crisis of confidence in the sector.

☆ New SVB CEO urges top venture capital clients to move deposits back
▼ + stars: | 2023-03-14 | by ( Krystal Hu | ) www.reuters.com time to read: +2 min

March 14 (Reuters) - Silicon Valley Bank's new Chief Executive Tim Mayopoulos on Tuesday urged the failed bank's top venture capital clients to move their deposits to its newly created bridge entity, people who attended a virtual meeting with him said. The Federal Deposit Insurance Corporation (FDIC) appointed the former Fannie Mae CEO to head Silicon Valley Bridge Bank N.A. Mayopoulos told clients deposits at the bank were now among the safest of any U.S. banks or institutions, attendees at the meeting said. Hemant Taneja, CEO of venture capital firm General Catalyst, recommended on Tuesday that its clients who had banked with SVB keep or return at least 50% of their capital to the bank. He has also served as general counsel of Bank of America, and held senior roles at Deutsche Bank, Credit Suisse First Boston, and Donaldson, Lufkin & Jenrette.

☆ General Catalyst CEO on SVB: The lesson learned is that we must diversify
▼ + stars: | 2023-03-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGeneral Catalyst CEO on SVB: The lesson learned is that we must diversifyHemant Taneja, General Catalyst CEO and managing director, joins 'Squawk Box' to discuss how comfortable he feels about the state of affairs regarding SVB, the incentive systems that led to this bank run at SVB, and more.

☆ 9 startup founders who banked with Silicon Valley Bank share where they're moving their money: 'We will not get caught like this again'
▼ + stars: | 2023-03-13 | by ( Samantha Stokes | Stephanie Palazzolo | Melia Russell | ) www.businessinsider.com time to read: +10 min

Silicon Valley Bank's failure has left startup founders scrambling for a new home for their money. Last Friday morning, the startup founder Mang-Git Ng zipped up the interstate before sunrise to a Silicon Valley Bank branch in St. Helena, in California's wine country. Ng's plight is similar to countless other founders following the failure of Silicon Valley Bank, who waited with bated breath over the weekend on whether they'd ever get their money back. DiversificationSilicon Valley Bank's collapse could forever change how startups stash their cash, at least two investors told Insider. Silicon Valley Bank had exclusivity clauses with some of its clients, according to a CNBC report, forcing them to use the firm for most or all of their banking services.

☆ 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.

☆ The bulk of AI value will be captured by a lot of cloud vendors, says General Catalyst's Taneja
▼ + stars: | 2022-12-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bulk of AI value will be captured by a lot of cloud vendors, says General Catalyst's TanejaHemant Taneja, General Catalyst CEO and managing director, joins 'TechCheck' to discuss how much the impact of AI is already priced into publicly-traded companies, where the opportunities are in technology and disruptive use cases.

Search resuls for: "Hemant Taneja"

15 mentions found