DIRS.INFO The most relevant business & tech news

☆ The big push for AI, TikTok bans, and spaces for influencers of color: Here are 3 takeaways for creators from SXSW.
▼ + stars: | 2024-03-17 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

AI was very popular, but most panels failed to discuss the consThe harmful impacts of AI dominated the conversation among creators at SXSW. Related storiesIn a session titled "AI in Video: Revolutionizing or Replacing Creators," Vimeo product executive Zohar Dayan's presentation similarly focused on the technology's benefits. Talk of a TikTok ban? Employees and creators are 'bored' of itOutside SXSW, the conversation has picked up about a potential TikTok ban in the US , but there was radio silence about it in Austin among the TikTok employees and creators I met. "We're so bored of that topic, honestly," said two TikTok employees, who spoke on condition of anonymity out of concern about facing repercussions from their employer.

Persons: Cassey Ho, OpenAI's, Peter Deng, Deng, Zohar, Dan Whateley, they've, Kahlil Greene, he's, Jerry Won, Justin Nguyen, Mylen Yamamoto Tansingco, Sam Li, Sean Kim, Sam Yam, Austin Hilton, Tumi Brooks Organizations: Southwest, Delta Air Lines, Business, IBM, SXSW, Snapchat, Pershing House, Talent, Austin, Austin Hilton Hotel, Convention Locations: Austin, Australia, China, member's, TikTok, Netflix's, Singapore

☆ Sam Altman said he texted Elon Musk after the billionaire sued him
▼ + stars: | 2024-03-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Sam Altman said he texted Elon Musk after the Tesla CEO sued him. Musk sued Altman and OpenAI earlier this year, alleging the company violated its 'founding agreement.' AdvertisementOpenAI CEO Sam Altman said he fired off a text to Elon Musk right after he found out the Tesla CEO had sued him. In the face of Musk's very public disses, Altman has been more diplomatic in his public response to Musk. "I miss the old Elon," Altman told Swisher.

Persons: Sam Altman, texted Elon Musk, Altman, Musk, —, Elon Musk, Kara Swisher, Swisher, OpenAI, cofound OpenAI, Tesla, Lex Fridman Organizations: Service, City Arts, OpenAI, Microsoft, GPT Locations: Elon

☆ OpenAI hired the lawyer who helped force Elon Musk to buy Twitter
▼ + stars: | 2024-03-12 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

The firm battling Musk previously helped Twitter in a legal conflict with the billionaire. The billionaire is set to face off again with a lawyer who helped Twitter sue Musk after he attempted to back out of the $44 billion purchase. One of the lawyers from the Wachtell firm, William Savitt, helped lead Twitter's case against Musk. AdvertisementMusk helped found OpenAI in 2015 and has said he invested tens of millions of dollars into the AI venture. Representatives for Musk and OpenAI did not immediately respond to a request for comment.

Persons: OpenAI, Elon Musk's, Musk, —, Elon Musk, Lipton, Katz, Foerster, Sam Altman, William Savitt, Morrison, Ragesh Tangri —, Morgan Chu, Alan Heinrich, Chu, Tesla, Altman Organizations: Twitter, Service, Reuters, Wachtell, Rosen, Morrison, — Jordan Eth, Ragesh, Bloomberg, Microsoft, Musk Locations: — Jordan

☆ OpenAI ridicules Elon Musk’s ‘incoherent’ lawsuit
▼ + stars: | 2024-03-11 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

The company refused, and Musk left OpenAI later that year. Seeing the remarkable technological advances OpenAI has achieved, Musk now wants that success for himself,” the filing states. OpenAI also said it believes that “early and swift dismissal” of Musk’s suit is warranted. OpenAI is concerned that Musk could use the discovery process to “seek access to OpenAI’s proprietary records and technology,” according to the filing. Musk is now running his own artificial intelligence company, XAI, which seeks to compete with OpenAI.

Persons: New York CNN —, Elon Musk, OpenAI, ”, ” Musk, Musk, Tesla Organizations: New, New York CNN, ” Locations: New York, —

☆ Nvidia boss Jensen Huang credits his work ethic to his time at Denny's washing dishes
▼ + stars: | 2024-03-11 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +1 min

Jensen Huang is the cofounder and CEO of $2 trillion computer chip giant, Nvidia. He credits part of his success to the strong work ethic he honed while working at Denny's. AdvertisementJensen Huang is the cofounder and CEO of Nvidia, the $2 trillion chip manufacturer powering the AI revolution. In a recent interview with Stanford's Graduate School of Business, Huang reflected on his early career working minimum wage jobs to explain how he has developed the work ethic to succeed as a CEO. This story is available exclusively to Business Insider subscribers.

Persons: Jensen Huang, —, Huang Organizations: Nvidia, Service, Stanford's Graduate School of Business, Business Locations: Denny's

☆ This defense-tech startup bootstrapped its way to nearly $30 million in revenue. Now, it has another $35 million from Sapphire Ventures.
▼ + stars: | 2024-03-07 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

Now, Defense Unicorns, a startup that creates open-source software for national security systems, has announced it raised $35 million in a round of funding led by Sapphire Ventures and Ansa Capital. The world of open-source software for the military is small, making the opportunity much greater. TestifySec, a tiny startup building open-source software for the Department of Homeland Security, raised a $6 million seed round last fall. This year, Defense Unicorns says it will use the initial round of funding to go on a hiring spree. Defense Unicorns will compete for talent in artificial intelligence with tons of other startups.

Persons: —, Jai Das, Rob Slaughter, Das, siphoning, Slaughter, it's, Lockheed Martin Organizations: Service, Sapphire Ventures, Unicorns, Business, Defense Unicorns, Ansa, Department of Defense, Air Force, Lockheed, Department of Homeland Security Locations: Chicago

☆ OpenAI cofounder says he's sad to witness the 'unnecessary' feud between Elon Musk and Sam Altman
▼ + stars: | 2024-03-06 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

OpenAI cofounder Wojciech Zaremba called Elon Musk and Sam Altman's ongoing feud "unnecessary." Several OpenAI cofounders fired back against Musk in a blog post on the company's website. AdvertisementOpenAI cofounder Wojciech Zaremba said it's been "sad" to witness Elon Musk and Sam Altman engage in an "unnecessary fight." Elon wanted majority equity, initial board control, and to be CEO. "Elon wanted majority equity, initial board control, and to be CEO.

Persons: Wojciech Zaremba, Elon Musk, Sam Altman's, Sam Altman, cofounders, —, it's, Musk, OpenAI, Zaremba, we've, Musk's, Elon, OpenAI didn't Organizations: Elon, OpenAI, Service, Microsoft

☆ Google's Gemini firestorm shows the risks of the company's race to catch up with its AI rivals
▼ + stars: | 2024-03-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The company has been defending itself against fierce backlash sparked by its AI chatbot's image-generating feature. The product has landed Google at the center of what was described in some circles as a "woke" culture war. AdvertisementGoogle's 'Gemini era' is all about GPT-4Pichai claimed late last year Google was entering its "Gemini era." The model is widely seen as the company's answer to OpenAI's GPT-4, a product heavily backed by Microsoft and already powering many of the company's AI products.

Persons: —, execs, Critics, Andrés, Sergey Brin, Sundar Pichai, Brin, Alex Heath, Heath, Pichai, OpenAI's, Google's Bard, Bing, Gvirtz, Sandra Wachter, Wachter Organizations: Service, Google, Business, Big Tech, King's Business School, Engineers, Gemini, Microsoft, chatbots, Financial, Oxford Internet Institute

☆ Elon Musk's emails about OpenAI could be another nail in the coffin for his lawsuit against the company
▼ + stars: | 2024-03-06 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

The emails could undermine Musk's lawsuit against the AI venture, experts told BI. The AI company on Tuesday released a slew of emails that it claims were sent between Musk and its other founders. Meanwhile, OpenAI might still pay a price for Musk's lawsuit in the form of lost time and resources. Advertisement"I think Musk's lawsuit is already doing what he intended," Hoffman said. "Change your name to ClosedAI and I will drop the lawsuit," Musk wrote on X.Musk's lawsuit comes after the billionaire launched his own AI company last year.

Persons: OpenAI, Elon Musk, —, Elon, Musk, hadn't, Samuel Brunson, Brunson, David Hoffman, Hoffman, Kyle Lawrence, Falcon Rappaport, Berkman, Lawrence, he'd, Tesla Organizations: Elon, Service, Business, Loyola University, University of Pennsylvania, OpenAI Locations: OpenAI

☆ The Juggernaut promised to revolutionize South Asian news. But insiders say the company's founder misled investors, struggled to raise money, and left workers 'heartbroken.'
▼ + stars: | 2024-03-05 | by ( Katie Warren | ) www.businessinsider.com time to read: +33 min

They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."

Persons: —, Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon

☆ Silicon Valley's elite are moralizing about the future of AI
▼ + stars: | 2024-03-04 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

It has reignited the savior complex of Silicon Valley's biggest personalities too. AdvertisementThough some questions are being asked about how much of a case Musk has here, the whole saga has offered plenty of incentive to Silicon Valley's more opinionated leaders to moralize on the future of AI. The open option — in theory at least — champions AI models that are transparent about how they're trained and collectively developed by a global community of developers. (2) Big companies, small companies, independent developers, and open source communities should be free to pursue AI. But which side of the battle the rest of Silicon Valley's AI leaders fall on will be watched just as closely.

Persons: —, Elon, Sam Altman's OpenAI hasn't, OpenAI —, they're, Meta, Sam Altman, Andrew Caballero, Reynolds, Marc Andreessen, Vinod Khosla, Andreessen, shouldn't, isn't, 2VqL6T5qZe, Marc Andreessen 🇺🇸 ( Organizations: Service, Microsoft, OpenAI, Business, Getty, Manhattan, Chinese Communist Party, Big Locations: China, San Francisco, jure

☆ '2024 will be the year of the zombie VC reckoning.' The first wave of dying venture firms is here and it's already causing headaches for tech founders.
▼ + stars: | 2024-03-04 | by ( Ben Bergman | ) www.businessinsider.com time to read: +10 min

AdvertisementUnlike other businesses, venture firms do not suddenly go out of business. Why it is so difficult to spot a dying fundOpenView Venture Partners announced in December it was suspending new investments and laying off staff. With the help of Pitchbook, BI looked through data for hundreds of venture firms. Hinge last raised a $19 million fund in 2021 but has not made an investment since November 2022, according to Pitchbook. Do you know of a venture firm no longer actively investing?

Persons: —, VCs, Anna Barber, they'll, they're, Roy Bahat, Brian Brackeen, they're reallocating, Beezer Clarkson, Clarkson, Jake Saper, Bahat, Jordan Fudge, Zachary White, Carlos Adame, Fudge, We're, Paul Weinstein, Weinstein, Cofounders Ryan Swager, Brandon Zeuner, Louie, Alsop Louie Partners, Partners Gilman Louie, Stewart Alsop, Jason Preston, Partners Tyler Peterson, Mike Morgan, Robert Patterson, DEFTA, George Hara, Martin Gedalin, Kevin Ober, Hone, Ben Bergman Organizations: Service, Business, Bloomberg Beta, Lightship, Sapphire Partners, BI, Sapphire Ventures, Venture Partners, Foundry Group, Sinai Ventures, Sinai Capital Partners, Capital, San, Louie Partners, Partners, Ventures Peninsula Ventures, LinkedIn Locations: Los Angeles, San Francisco, San Mateo , California, Seattle, Alto, bbergman@insider.com

☆ '2024 will be the year of the zombie VC reckoning.' The first wave of walking-dead venture firms is here and it's already causing headaches for tech founders.
▼ + stars: | 2024-03-04 | by ( Ben Bergman | ) www.businessinsider.com time to read: +10 min

Unlike other businesses, venture firms do not suddenly go out of business. Limited partners such as pensions and endowments that fund venture firms have been choosier, cutting off capital to firms that have not generated acceptable returns. Why it is so difficult to spot a dying fundOpenView Venture Partners announced in December that it was suspending new investments and laying off staff. In a written statement, he later explained that Sinai Ventures has been rebranded to Sinai Capital Partners. Do you know of a venture firm no longer actively investing?

Persons: VCs, Anna Barber, they'll, they're, Roy Bahat, Brian Brackeen, Brackeen, they're reallocating, Beezer Clarkson, Clarkson, Jake Saper, Bahat, Jordan Fudge, Zachary White, Carlos Adame —, Fudge, We're, Paul Weinstein, Weinstein, Ryan Swager, Brandon Zeuner, Alsop Louie, Alsop Louie Partners, Gilman Louie, Stewart Alsop, Jason Preston, Tyler Peterson, Mike Morgan, Robert Patterson, DEFTA, George Hara, Martin Gedalin, Kevin Ober, Divergent's, Hone, Ben Bergman Organizations: Business, Bloomberg Beta, Lightship Capital, Sapphire Partners, BI, Venture Partners, Foundry Group, Sinai Ventures, Sinai Capital Partners, Capital, San, Alsop Louie Partners, Partners, Ventures Peninsula Ventures, LinkedIn Locations: Los Angeles, San Francisco, Alto , California, San Mateo , California, Lumia, Seattle, bbergman@insider.com

☆ Sergey Brin says Google 'definitely messed up' after its Gemini chatbot caused a firestorm. He has a lot riding on its success — or failure.
▼ + stars: | 2024-03-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Sergey Brin says Google "definitely messed up" with Gemini's image generation. The Google cofounder says he came out of retirement because of AI's "exciting" trajectory. AdvertisementGoogle cofounder Sergey Brin has weighed in on the company's Gemini drama. Speaking at San Francisco's AGI House, Brin said the company had "definitely messed up on the image generation." Since then, Brin has been spotted at Google's Silicon Valley headquarters and has been directly involved with developing the company's AI strategy.

Persons: Sergey Brin, —, Brin, Larry Page, Elon Musk, Adolf Hitler, Gemini, Hitler Organizations: Service, Gemini, Google, The New York Times, Big Tech, BI, Business Locations: Francisco's

☆ Meet the Disney heirs rallying behind Bob Iger
▼ + stars: | 2024-03-03 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Roy O. Disney's grandchildrenRoy O. Disney had one son with his wife Edna Francis — Roy E. Disney, a long time Walt Disney Company executive. Roy P. DisneyRoy P. Disney told NYT that activist investors "must be defeated." AdvertisementIn a 2010 interview, Roy P. Disney said he worked as an investor based in California. Joe Scarnici/Stringer/Getty ImagesWalter Elias Disney MillerWalter Miller is the co-founder of the Walt Disney Family Museum, which opened its doors in 2009. Tamara Diane MillerTamara Miller spent four years as the President of the board of directors of the Walt Disney Family Museum.

Persons: —, Roy, Walt Disney, Bob Iger, Nelson Peltz, Walt, Roy O, Disney, Edna Francis — Roy E, Roy E, Patricia Ann Dailey, Roy P, Disney Roy, George Pimentel, WireImage, Disney's, hasn't, Abigail Disney Abigail Disney, Ralph Orlowski, Burda Media Abigail Disney, she's, Abigail, Susan Disney, Susan Lord, Phillip Faraone, Tim Disney Tim Disney, Stefanie Keenan, Tim Disney, Diane Disney Miller, Sharon Disney, Diane Miller's, Ron Miller, Jennifer Goff, Tammy Miller, Joanna Miller, Walter Miller, Joe Scarnici, Stringer, Walter Elias Disney Miller Walter Miller, Joanna Sharon Miller Joanna Miller, grandpa, Joanna, Jim, Tamara Diane Miller Tamara Miller, Tamara Miller, Jennifer Miller, Goff Jennifer Miller, Goff Organizations: Service, Disney, Business, Walt Disney Company, Getty, New York Times, Burda Media, Yale, Stanford, Mouse, Bel, Harvard University, California Institute of, Arts, Walt Disney Productions, Walt Disney Family Museum, Jim Hill Media, Walt Disney Family Locations: California, Munich, Germany, Columbia, Los Angeles

☆ An Airbnb cofounder's new startup wants to drop factory-made tiny homes into California backyards — see inside its $324,000, two-bedroom unit
▼ + stars: | 2024-03-02 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Samara, cofounded by Airbnb's Joe Gebbia, is selling modular accessory dwelling units. See inside its most expensive unit, a $324,000 two-bedroom tiny home. AdvertisementA new startup wants to drop tiny homes into your backyard. If the name doesn't ring a bell, you might recognize one of its cofounders, Joe Gebbia. Quite the opposite: It's manufacturing factory-built accessory dwelling units (ADUs), or tiny homes, that can be dropped into Californians' backyards.

Persons: Airbnb's Joe Gebbia, —, Oz, Ariana Grande, Ethan Slater, Joe Gebbia, Brian Chesky Organizations: Service, Airbnb Locations: Samara, Mexico, It's California

☆ Former 'apprentices' and Trump Media cofounders file lawsuit claiming company execs tried to dilute their stake ahead of a potential merger
▼ + stars: | 2024-03-02 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Trump Media & Technology Group cofounders accused the company of conspiring to dilute their shares. The lawsuit could complicate an upcoming shareholder vote on a merger that would take the company public. The bid would see Trump's company, the parent company of his social media network Truth Social, merge with blank-check company Digital World Acquisition. The suit also claims that the Trump Media board planned to give new shares to "Trump and/or his associates and children," per The Post. The two-year attempted merger between Trump Media and Digital World Acquisition Corp has faced ongoing delays, partly due to SEC investigations into potential securities violations.

Persons: Trump Media & Technology Group cofounders, Andy Litinsky, Wes Moss, —, Donald Trump's, Trump, Moss, Melania Organizations: Trump Media & Technology Group, Service, United Atlantic Ventures, Washington Post, Trump, Business, Twitter, Securities and Exchange, Digital, Trump Media, UAV, SEC

☆ How Google lost its way
▼ + stars: | 2024-02-29 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com time to read: +17 min

Just two months after Google launched Gemini, its flashy new AI model, the company revealed that it had already built a better version. AdvertisementThen, days later, Google scrambled to explain why its image generation tool spit out racially inaccurate depictions of historical figures. Users have long bemoaned — and researchers recently found — a decline in the quality of Google Search results. The fact that Google is not far and away the self-driving-car leader, it's, like, a total joke," the former Google director said, adding that the problem of Google's lost supremacy is "maybe impossible to solve, frankly." Google now is reminiscent of the Steve Ballmer-era Microsoft, which missed the smartphone, search, and cloud waves and was overtaken by Apple, Google, and Amazon.

Persons: OpenAI, Sora, Sam Altman, Sundar Pichai's, Pichai, —, Larry Page, Sergey Brin, Lea Suzuki, Getty Brin, Page, Google, Googlers, Axel Springer, Diane von Furstenberg, Giovanni Giannoni, Michael Avrukin, Vuk Valcic, wouldn't, Patrick Mork, Eric Lehman, Lehman, ChatGPT, Caesar Sengupta, Sengupta, Alexa, Google's, Steve Ballmer, Satya Nadella, Hugh Langley, Lara O'Reilly Organizations: Google, Hollywood, Industry, San Francisco Chronicle, Business, Penske Media, Microsoft, Amazon, The New York Times, Oracle, YouTube, Apple, IBM, Meta Locations: Silicon Valley, Silicon, —

☆ No, Sam Altman doesn't actually own half a billion dollars of Reddit stock
▼ + stars: | 2024-02-29 | by ( Madeline Berg | Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Reddit filed for an IPO, revealing nearly 10% of its shares are owned by entities related to Sam Altman. AdvertisementLast week, not long after Reddit made moves toward a public listing, headlines began to appear about an unexpected figure: Sam Altman. For example, Hydrazine Capital II is listed as owning nearly 9.9 million shares of Reddit. But Altman, at most, owns 5% of Hydrazine Capital II's holdings, or 492,720 of its Reddit shares. AdvertisementThe various entities point to a side of Altman — Altman the investor — that has receded from view since he has become known to the public as OpenAI's CEO.

Persons: Reddit, Sam Altman, Altman, —, tech's, Reddit's, that's, he's, Chris Harvey, Altman — Altman, ADVs, Peter Thiel, Cruise, Steve Huffman, Alexis Ohanian Organizations: Service, Business, Securities and Exchange Commission, Harvey, Apollo, Apollo Projects, SPV, SEC, Investors, University of Michigan, Helion Energy, Facebook, Google Locations: Altman

☆ Check out the 12-slide pitch deck adtech company Vibe used to raise $22.5 million to build 'the Google Ads of streaming TV'
▼ + stars: | 2024-02-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Founded in France in 2021, Vibe offers a self-service ad platform that aims to make it super-easy for smaller companies to get their ads next to premium TV content. Vibe was carved out from KMTX, which sold to fellow adtech firm Seedtag in 2022 for an undisclosed sum. "We said, OK, let's just build the Google Ads of TV," Querou told Business Insider. "The ad platform for SMBs on broadcasting and streaming TV is difficult to cover because it requires a lot of manpower to be able to address all these SMBs," Kamber said. Check out a redacted version of the pitch deck that helped Vibe nab $22.5 million in Series A funding from Singular, Elaia Partners, Sequoia's Scout fund, Motier, and other individual investors.

Persons: Vibe's cofounders Franck Tetzlaff, Arthur Querou, Querou, Vibe, It's, Raffi Kamber, Kamber Organizations: Vibe, Business, Google, Vibe's, Vibe nab, Elaia Partners, Sequoia's Locations: France, KMTX, Seedtag, adtech

☆ The Google Gemini conspiracy theory
▼ + stars: | 2024-02-28 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

Google had to pull parts of its fancy Gemini AI model after it spat out inaccurate images and text. To catch you up: Google had to pull part of its fancy new Gemini AI model after it spat out inaccurate pictures, including depicting Google cofounders Larry Page and Sergey Brin as Asian. One theory is that Googlers are too woke and their biases have infected what could be a powerful and useful AI model. AdvertisementIs this Google future? Probably not as profitable revenue as Google Search, but that's still a lot.

Persons: —, there's, Larry Page, Sergey Brin, it's, Mark Shmulik, Bernstein, Sundar Pichai, Pichai, that's Organizations: Google, Service

☆ Tiny home sensation Boxabl welcomes investors in as its founders plan to cash out $10 million
▼ + stars: | 2024-02-28 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com time to read: +5 min

As the company has sought a financial lifeline by inviting more investors in, its cofounders are cashing out. The Tiramanis together previously sold off about $10 million of their shares in a 2022 fundraising round and have awarded themselves annual salaries of close to a million dollars each. "Maybe they're afraid that if they don't sell shares now they will walk away with nothing." A spigot of cash running dryBoxabl is seeking to raise $64 million in the share offering, an additional $10 million for the Tirmanis, and $1 million for other insiders at the company. AdvertisementAmong the insiders in the company seeking to sell shares in the funding round are Darryl and Lucille Maslak, the parents of Shawna Maslak, Galiano's wife.

Persons: —, Paola Tiramani, Galiano, Chad Cohen, Erik Gordon, Cohen, Darryl, Lucille Maslak, Shawna, Gordon Organizations: Service, Business, Scala Advisors, University of Michigan's Ross School of Business, Securities and Exchange Commission, University of Michigan Locations: North Las Vegas , Nevada, Canada

☆ Google's mission is organizing the world's information. Its 'woke' AI debacle prompted critics to say it's failing.
▼ + stars: | 2024-02-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewSince its inception, Google has had a mission statement that is now practically enshrined as lore: "To organize the world's information and make it accessible and useful." Its AI, critics say, risks suppressing information instead by being too "woke." AdvertisementGoogle's AI troublesGoogle has more than 90% of the search market, giving it dominant control over the world's information flow online. Advertisement"The original mission was to index all the world's information. In a blog published Friday, Google vice-president Prabhakar Raghavan acknowledged some of the images Gemini generated turned out to be "inaccurate or even offensive."

Persons: —, Larry Page, Sergey Brin, Gemini, Peter Kafka, Adolf Hitler, Elon, David Sacks, Critics, Sam Altman, Andrew Caballero, Reynolds, Bilal Zuberi, Brad Gerstner, Microsoft —, Elon Musk, OB1CCZHan3, Prabhakar Raghavan, overcorrected, Raghavan Organizations: Service, Google, Business, Craft Ventures, Lux Capital, Microsoft, Elon Locations: Menlo Park, AFP

☆ Steve Jobs once said the best managers are 'individual contributors' who aren't interested in managing people
▼ + stars: | 2024-02-26 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +1 min

Steve Jobs once shared some advice about how to hire the best managers in a 1985 interview. He said the best managers are "great individual contributors" who don't want to manage. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementApple's legendary cofounder Steve Jobs once shared some advice about the best managers, and he said they're usually the people who don't actually want to be managers.

Persons: Steve Jobs, —, they're, Jobs Organizations: Service, Business

☆ Here's an exclusive look at the pitch deck former VMWare executives used to land $25 million for their 'mobile cloud' startup
▼ + stars: | 2024-02-21 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +1 min

Highway 9 Networks, a cloud computing startup, has secured $25 million in round led by Mayfield. The startup offers a mobile cloud product that allows companies to deploy a private mobile network. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThree years ago, Allwyn Sequeira and his Highway 9 Networks cofounders set out to embark on what the startup calls the mobile cloud. The startup is now coming out of stealth with a $25 million round led by Mayfield, with General Catalyst and Detroit Ventures contributing to the funding.

Persons: Mayfield, —, Allwyn Sequeira, Debashis Basak, Serge Maskalik, Sachin Thakkar Organizations: Service, VMWare, Networks, Mayfield, Catalyst, Detroit Ventures, Business

Search resuls for: "cofounders"

25 mentions found