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☆ Elon Musk's X sues Twitch in lawsuit alleging advertisers conspired to boycott the platform
▼ + stars: | 2024-11-19 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

AdvertisementX has added Twitch as a defendant in a suit accusing advertisers of colluding to withhold ad spend. Ad revenue on X has plummeted since Elon Musk acquired the platform in 2022. Elon Musk's X is suing Twitch, alleging that the Amazon-owned video streaming platform and other companies illegally conspired to boycott advertising on the platform formerly known as Twitter. Twitch, X, and the WFA didn't immediately respond to requests for comment made by Business Insider outside normal US business hours. Musk's own behavior on and off the platform — including famously telling advertisers who boycotted X to "go fuck yourself" — hasn't encouraged advertisers to place their budgets there, either.

Persons: Elon Musk, Elon Musk's, Twitch, Stephan Loerke, it's, Ørsted, Twitch —, X's, hasn't, Jim Jordan, Donald Trump's, Abraham Yousef, Yousef Organizations: Global Alliance of Responsible Media, Elon, Twitter, Federation, WFA, Business, Unilever, CVS Health, Twitch, Google, Committee, WPP, Diageo, Tower Locations: Texas, Ohio

☆ Elon Musk's X has signed up a new adtech partner as it looks to boost advertising revenue
▼ + stars: | 2024-11-19 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

AdvertisementX is partnering with adtech company PubMatic as it looks to boost its ad revenue. X's ad revenue has lagged after Musk's takeover and the company has sued some advertisers. Elon Musk's X has signed up the adtech company PubMatic as an authorized seller of its ads, as it looks to outside companies to help boost ad revenue, Business Insider has learned. X is also suing some of its advertisers, alleging they illegally colluded in violation of competition law to boycott the platform after Musk's takeover. This week, X added the Amazon-owned streaming platform Twitch as a defendant to its lawsuit.

Persons: Elon Musk's, X, Rajeev Goel, Goel, PubMatic, it's, Musk Organizations: Business, BI, Google, Twitter

☆ Bluesky's 'acceleration is tremendous' as users flock to the new 'old Twitter'
▼ + stars: | 2024-11-19 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Many new Bluesky users are praising the feeling on the site as being similar to "old Twitter." This week, the app shot to the top of Apple's App Store and Google's Play Store, and a Bluesky spokesperson told Business Insider it hit 18.3 million registered users. Advertisement"Consumers, time and time again, show us that they will put a brand in jeopardy if the leadership is associated with ideology the consumers don't care for," Lind told Business Insider. A spokesperson for Bluesky told Business Insider that the platform aims to give users more choice and offer creators independence from being locked into specific platforms. A few weeks ago, Bluesky had less than 1 million daily users in the US, "so the acceleration is tremendous," said David Carr, an editor at Similarweb.

Persons: Bluesky, Elon Musk's, Jonathan Bellack, Mark Cuban, he'd, That's, Stephen Lind, Lind, We've, Jack Dorsey, Twitter, Dorsey, David Carr Organizations: Social, Business, Applied Social Media, Cuban, Meta, USC Marshall School of Business, Bluesky, Twitter Locations: Similarweb

☆ I've had Bluesky for less than a week. Here's how to get started with the competitor to Elon Musk's X.
▼ + stars: | 2024-11-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

AdvertisementBluesky has seen a surge in users after the US election and as X introduces new terms of service. Bluesky is having quite the week as millions of people flock to sign up in the wake of the US election and new terms of service coming to X. Bluesky had 17 million users as of Friday, according to a live stat-tracker by a Bluesky developer. As departure announcements and Bluesky links popped up in my X feed on Wednesday, I became curious to see how the app attracted so many new accounts. Jordan Hart/BIBluesky's posts, known as "skeets," work similarly to posts on X (previously known as "tweets").

Persons: Bluesky, Jack Dorsey, Elon Musk, Donald Trump, X, they'd, Mark Zuckerberg, Jordan Hart Organizations: Twitter Locations: Bluesky

Attorneys for X Corp., the firm established by Elon Musk to take over Twitter, filed a notice of appearance on Thursday in the bankruptcy case of Alex Jones and his Infowars platform. The new owners of satirical news site The Onion had been declared the successful bidders for Jones’ controversial platform, alongside families of the Sandy Hook massacre victims. Musk has allowed Infowars to broadcast on X while Infowars’ fate is in limbo. Jones has used Infowars as a platform to promote conspiracy theories, far-right ideologies and misinformation. Jones’ bankruptcy stems from his obligation to pay $1.5 billion in damages to families of Sandy Hook Elementary School shooting victims, who filed defamation lawsuits over his false claims that the massacre was a hoax.

Persons: Elon Musk, Alex Jones, Jones, Sandy, ”, Christopher M, Lopez, Mother Jones, Donald Trump, Musk, Ben Collins —, ” Collins, Infowars Organizations: X Corp, Elon, Twitter, Bloomberg, Sandy Hook Elementary, NBC Locations: Texas

☆ Behind The Onion's bid for Alex Jones's Infowars — which is now on hold as a judge reviews it
▼ + stars: | 2024-11-16 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

AdvertisementThe Onion's bid for Infowars came together with help from Sandy Hook families. On the surface, The Onion's announcement that it had purchased Alex Jones's Infowars at auction on Thursday may have sounded like a bizarre joke. But behind the scenes, the bid came together through strategic coordination — with the support of Sandy Hook families and a nonprofit that is backed by Michael Bloomberg. "The sale is currently underway, pending standard processes," Collins told Variety Friday in a statement. Advertisement"They've long loved The Onion," Collins told Yahoo, nodding to a headline the outlet publishes verbatim every time there's a mass shooting.

Persons: Infowars, Sandy Hook, Ben Collins, Alex Jones's Infowars, Michael Bloomberg, Collins, Alex Jones, Jones — who'd, Christopher Lopez, weren't, Lopez, Variety, John Feinblatt, who've, Bloomberg Philanthropies, Elon Musk's X, Jones Organizations: Yahoo, NBC, First United, Companies, Southern, of Texas's, Bloomberg News, Safety, ABC News, Bloomberg, Business, Variety, Free Speech Systems Locations: Texas

☆ What is Bluesky, the fast-growing social platform welcoming fleeing X users?
▼ + stars: | 2024-11-16 | by ( ) www.cnbc.com time to read: +2 min

Disgruntled X users are again flocking to Bluesky, a newer social media platform that grew out of the former Twitter before billionaire Elon Musk took it over in 2022. The platform resembles Musk's X, with a "discover" feed and a chronological feed for accounts that users follow. The platform gained 2.6 million users in the week after X was banned in Brazil in August — 85% of them from Brazil, the company said. About 500,000 new users signed up in one day in October, when X signaled that blocked acascounts would be able to see a user's public posts. Despite Bluesky's growth, X posted after the election that it had "dominated the global conversation on the U.S. election" and had set new records.

Persons: Elon Musk, Musk, Jack Dorsey, Bluesky, X, — Locations: Brazil, —

☆ Elon Musk's xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center
▼ + stars: | 2024-11-15 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Elon Musk's artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC's David Faber. The money will be used to acquire 100,000 Nvidia chips, per sources familiar with the situation. Musk's AI startup, which he announced in July 2023, seeks to "understand the true nature of the universe," according to its website. Last November, X.AI released a chatbot called Grok, which the company said was modeled after "The Hitchhiker's Guide to the Galaxy."

Persons: Elon Musk, Donald Trump, CNBC's David Faber, Faber, Tesla, X.AI, OpenAI, Musk, Sam Altman, Google's Bard, Claude chatbot, Trump, Biden's Organizations: Republicans, Hyatt, Elon, Memphis, Google's Locations: Washington , DC

☆ Bluesky, a competitor to Elon Musk's X, appears to be down after shooting to the top of the App Store
▼ + stars: | 2024-11-14 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Many people have said they're leaving Elon Musk's X in favor of Bluesky. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWith the change, X users must agree to handle all lawsuits against the site in a federal court district in northern Texas — outside the district where X is headquartered. Still, Bluesky's 16 million users are dwarfed by the 250 million people that X said in March used its site daily. Threads, a similar short-form social media app owned by Meta, now has nearly 275 million monthly users, CEO Mark Zuckerberg said in October.

Persons: they're, —, Don Lemon, Elon Musk's, Elon Musk, Bluesky, Jaz, Paul Frazee, Samuel Newman, Frazee, Bluesky didn't, Musk, Donald Trump, They've, X, Mark Zuckerberg Organizations: Elon Musk's, Service, Elon, Business, Twitter, Washington Post, Meta Locations: Texas

☆ Australia plans to ban social media for under 16s — and experts have called it a ‘momentous step’
▼ + stars: | 2024-11-13 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

Australia's government has proposed a social media ban for children under the age of 16 which experts have described as a "momentous step," as parents globally call for greater regulation of tech companies. Other platforms have sought to address the harm social media can do to young peoples' mental health, with Meta's Instagram launching "Teen Accounts" in September. Zach Rausch, an NYU Stern School of Business research scientist and lead researcher on No.1 New York Times bestselling book "The Anxious Generation," said Australia's legislation was a "momentous step" and will make Australia a "global leader in protecting kids online." The Australian law would see social media platforms held entirely responsible for preventing access to children. Children who breach the law and their parents will not face any penalties.

Persons: Anthony Albanese, Meta's Instagram, Bytedance's TikTok, Elon Musk's X, Dany Elachi, Elachi, …, TikTok, Meta's, Zach Rausch Organizations: Australian, Facebook, Up Alliance, CNBC, Big Tech, NYU Stern School of Business, New York Times Locations: Australian

☆ Trump Says He Won't Sell Truth Social, Calls for Investigations
▼ + stars: | 2024-11-08 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Shares in Trump Media & Technology are surging after the election. Furthermore, Trump threatened the "market manipulators or short sellers" who he said were spreading the "fake, untrue, and probably illegal rumors and/or statements" that he did intend to sell Trump Media shares. AdvertisementShares in Trump Media were up around 15% by late afternoon Friday trade. Neither the Trump campaign nor Trump Media immediately responded to requests for comment from Business Insider. Trump's majority stake comprises 115 million shares worth around $3.7 billion as of Friday.

Persons: Donald Trump, he's, —, Trump, could've feasibly, Elon Musk's Organizations: Trump Media & Technology, Service, Trump Media, Business, Trump Media's, Trump, Social, Elon

☆ Jeff Bezos, Sam Altman, Tim Cook and other tech leaders congratulate Trump on election win
▼ + stars: | 2024-11-06 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Amazon founder and Executive Chairman Jeff Bezos celebrated Trump's win in a post on X, calling it an "extraordinary political comeback and decisive victory." Trump repeatedly took aim at Bezos' ownership of the Post, Amazon's tax record and its relationship with the Postal Service. Apple CEO Tim Cook congratulated Trump on his victory in a post on X. OpenAI CEO Sam Altman said in a post on X that he hopes Trump will see "huge success in the job." Meta CEO Mark Zuckerberg called Trump's election win a "decisive victory" and said he looks forward to working with the Trump administration.

Persons: Sam Altman, Jeff Bezos, Donald Trump, JD Vance, Trump, Bezos, Kamala Harris, Andy Jassy, Jassy, Tim Cook, Cook, Mark Zuckerberg, Zuckerberg, Elon, Musk, Trump's, Tesla, Sundar Pichai, he's, Satya Nadella, Reid Hoffman, Hoffman, Harris, Gelsinger, Arvind Krishna, Chuck Robbins, Uber, Dara Khosrowshahi, Aaron Levie, Michael Dell Organizations: Economic, Amazon, U.S, Washington Post, Postal Service, Trump, Post, Democratic, Apple, Facebook, SpaceX, White, America PAC, Google, Microsoft, Venture, LinkedIn, Intel, Biden, IBM, Cisco, Dell Technologies Locations: Davos, Switzerland, Glasgow, Scotland, Pennsylvania, Bezos, United States, U.S

☆ Meta's Threads micro-blogging app now has 275 million monthly users, Zuckerberg says
▼ + stars: | 2024-10-31 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Threads, Meta 's rival to Elon Musk's X app, now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday. The latest numbers indicate Threads is up 175% from a year ago when it reached 100 million users. The app is also up from 200 million monthly actives since Meta's second-quarter report in July. The app is now signing up more than 1 million users per day, Zuckerberg also said on Wednesday. X remains ahead of Threads in terms of users, with research firm Sensor Tower estimating in March that the app had 550 million monthly users.

Persons: Mark Zuckerberg, Elon, Zuckerberg, Musk, Susan Li, We've, Bernstein, they're, Li, Davidson's Luria Organizations: Meta, Twitter, Facebook, Microsoft Locations: Menlo Park , California, U.S, X's U.S

☆ Meet Glean, the enterprise AI search company that's so powerful Sam Altman deemed it a threat to OpenAI
▼ + stars: | 2024-10-31 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +10 min

Among them are Anthropic, Elon Musk's xAI, OpenAI cofounder Ilya Sutskever's Safe Superintelligence, and AI search startup Perplexity. The last of the five rivals, and perhaps the least well-known, is Glean, an enterprise search assistant. Founded in 2019 by Rubrik cofounder and ex-Googler Arvind Jain, Glean helps corporate workers find information across their companies' tools and data. Related Video Sam Altman moves to Microsoft after OpenAI fires him as CEOThe company enables AI search by integrating apps like Slack and Dropbox and powering search across their company's universe of data. AdvertisementBesides enterprise search, Glean also has an AI assistant that generates answers based on search results, such as summarizing the day's Slack messages or synthesizing multiple documents.

Persons: Glean, Jain, —, Sam Altman, Elon Musk's, Ilya Sutskever's, Googler Arvind Jain, Kleiner Perkins, Deedy Das, Larry Page, Das, Bipul Sinha, Rubrik, Mamoon Hamid, Vishwanath, Tony Gentilcore, Piyush Prahladka, …, Arvind, Hamid, Paul, Rajeev Dham, they're, Slack, Altman, It's Organizations: Google, Service, Elon Musk's xAI, DST Global, Sapphire Ventures, Sequoia, Microsoft, Sony Electronics, Entrepreneurship, Indian Institute of Technology, IIT, Menlo Ventures, IIT Delhi, University of Washington, Akamai Technologies, Technology, YouTube, Kleiner Locations: Jaipur, Indian, IIT Delhi, India, Glean, Seattle

☆ Elon Musk's xAI startup could soon be worth many times more than X
▼ + stars: | 2024-10-30 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Elon Musk's xAI is raising fresh funding at a $40 billion valuation, the WSJ reported. Social media network X, meanwhile, is currently valued at $9.4 billion, according to Fidelity filings. AdvertisementA new funding round in the works for xAI could value Elon Musk's startup at more than four times what his social media network, X, is currently worth, according to recent Fidelity filings. The AI startup is reportedly in talks to raise funding at a $40 billion valuation, according to the Wall Street Journal. Assuming the investment was made at X's $44 billion valuation, the fund now estimates X's value to be around $9.4 billion.

Persons: Elon Musk's, —, Musk, ChatGPT, That's Organizations: Social, Fidelity, Service, Elon, Wall Street, Sequoia Capital, Growth Locations: a16z, xAI

☆ Reddit's bet on AI is starting to pay off
▼ + stars: | 2024-10-30 | by ( Huileng Tan | Aditi Bharade | ) www.businessinsider.com time to read: +4 min

The company saw a 68% revenue increase and a 47% rise in daily active visitors in Q3. Reddit's third-quarter revenue soared 68% to $348.4 million from a year ago, comfortably beating analysts' expectations of $312.8 million. This positive net increase was consistent with its second-quarter results, during which the platform saw a 51% increase in daily active users globally. Elon Musk's X reported 1.6% growth in daily active users in 2024's second quarter, per the FT. The daily active users on all of Meta's platforms combined, which include Facebook, Instagram, and Threads, increased by 7%, according to its second-quarter earnings report.

Persons: —, Steve Huffman, Huffman, Reddit, AMAs, Elon Musk's, Jefferies, RDDT Organizations: Service, Analysts, Global, Elon, Facebook, New York Stock Exchange Locations: Spanish

A lawsuit by the Philadelphia DA could stop Elon Musk's $1M-a-day voter giveaway as early as Friday. Musk has used the lottery to encourage voter registration and push swing-staters to the polls. Krasner's lawsuit says the giveaway is an unregulated lottery that violates Pennsylvania law. The DOJ did send a letter to America PAC warning that the giveaway might be illegal, a development first reported by 24sight News. America PAC did not announce a winner on Wednesday after the warning letter became public but has resumed announcements.

Persons: —, Larry Krasner, Krasner, Donald Trump —, Musk, Jordan, Hastings, Anne Marie B, Coyle, Richard Briffault, Republican megadonors Organizations: Philadelphia DA, Elon Musk's, Trump, Service, Elon Musk's America PAC, DA, Democratic, America PAC, PAC, Twitter, Business, Philadelphia, Republican, Democrats, America, Columbia Law School, Department, DOJ, 24sight News . America PAC Locations: Philadelphia, Pennsylvania, Georgia, Nevada , Arizona , Michigan , Wisconsin, North Carolina, Nevada, Hastings , Michigan

A lawsuit by the Philadelphia DA would stop Elon Musk's $1M-a-day voter giveaway as early as Friday. Also on Monday, America PAC announced the tenth million-dollar winner. The DOJ did send a letter to America PAC warning that the giveaway might be illegal, a development first reported by 24sight News. America PAC did not announce a winner on Wednesday after the warning letter became public but has resumed announcements. Just hours after Krasner's lawsuit became public, America PAC crowned its latest winner, a man from Hastings, Michigan.

Persons: Elon, Larry Krasner, —, Krasner, Musk, Jordan, Anne Marie B, Coyle, Donald Trump's, Richard Briffault, Republican megadonors Organizations: Philadelphia DA, Elon Musk's, Service, Elon Musk's America PAC, America PAC, Business, Philadelphia, Republican, Democrats, America, Columbia Law School, Department, DOJ, PAC, 24sight News . America PAC Locations: Philadelphia, Pennsylvania, Georgia, Nevada , Arizona , Michigan , Wisconsin, North Carolina, Hastings , Michigan

☆ VCs are 'hedging their bets,' backing competing LLMs like Anthropic and OpenAI, breaking a long-standing venture taboo
▼ + stars: | 2024-10-26 | by ( Ben Bergman | Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

Venture firms are increasingly investing in competing LLM startups like OpenAI and xAI. Some VCs argue investing in multiple LLMs is strategic, while others see it as unethical. AdvertisementWhen venture firms pull out their checkbooks, there has traditionally been an unspoken rule: Do not back a competitor. Sound Ventures and Wisdom Ventures backed both OpenAI and Anthropic. There is also the matter of money, with only a handful of firms capable of writing the colossal checks required to fund LLM companies.

Persons: VCs, —, Joe Aaron, — Sheel, Andreessen Horowitz, Elon Musk's XAI, Ilya Sutskever, Umesh Padval, Padval, Anthropic, OpenAI, Gregg Hill, they've Organizations: Service, Sequoia Capital, Fidelity, Ark Invest, Sound Ventures, Wisdom Ventures, Thomvest Ventures, Parkway Venture, Madrona Ventures, NASDAQ Locations: OpenAI, Canadian

☆ Elon Musk's XAI Member Jimmy Ba Redefines AI With Deep Neural Networks
▼ + stars: | 2024-10-24 | by ( Monica Melton | ) www.businessinsider.com time to read: +1 min

Within Elon Musk's xAI, Ba chips away at the big, nebulous goal to "understand the true nature of the universe." Ba, part of Business Insider's 2024 AI Power List, has a background in deep neural networks, a type of artificial-intelligence model consisting of a layered network of artificial neurons that mimic pathways in the human brain. He was also a research fellow at Meta, where he focused on understanding how "attention-based" neural networks behaved. "One day there will be humanlike learning machines capable of understanding our cultural norms and the nuances in our human values. See Business Insider's full AI Power List

Persons: Elon Musk's, He's, Geoffrey Hinton, Ba Organizations: Elon, University of Toronto, Meta

☆ Elon Musk's X has made hundreds of thousands of dollars from his super PAC
▼ + stars: | 2024-10-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Elon Musk's super PAC has spent over $200,000 on advertising on X. AdvertisementElon Musk's super PAC has spent hundreds of thousands of dollars to promote content on X, underscoring how the billionaire businessman's politics and business ventures are continuing to collide. Make your plan to vote today and help President Trump win Georgia and secure the border! — America PAC (@theamericapac) September 1, 2024A spokesperson for America PAC declined to comment. America PAC has spent over $100 million to elect Trump, as well as at least $10 million on over a dozen House GOP candidates.

Persons: Elon, —, Musk, Kamala Harris, Harris, Trump, Donald Trump Organizations: Elon Musk's, Service, PAC, Georgia, America PAC, WIRED Locations: Musk's, Arizona , Nevada , Pennsylvania, Michigan , Wisconsin, Georgia, North Carolina, America

☆ Netflix airing NFL games on Christmas will be the streaming giant's biggest test for its next area of growth
▼ + stars: | 2024-10-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

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 . In today's big story, Netflix's earnings report comes as Wall Street wonders if the king of streaming can keep its crown . Business Insider's Lucia Moses outlined investors' key questions about Netflix ahead of its third-quarter earnings call this afternoon. The NFL is coming to the streamer this Christmas, with Netflix showing two games on the holiday.

Persons: —, Leapmoter, Chelsea Jia Feng, Business Insider's Lucia Moses, Alain Tascan, Jamie Squire, — Peacock, BI's Peter Kafka, There's, Patrick Mahomes, Lamar Jackson, Mike Kemp, Louis Vuitton, Christian Dior, iStock, Rebecca Zisser, Harris, Elon Musk's, Elon, Tyler Le, it's, Amy Powell, El, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, EV, Netflix, Epic Games, NFL, NBA, Getty, Louis, BI, Trump, House, SpaceX, Elon Musk's, California Coastal Commission, Paramount, NATO Locations: Europe, Swedish, California, Hollywood, El Mayo, Sinaloa, New York, London

☆ Elon Musk's xAI is on a hiring spree for 'AI tutors'
▼ + stars: | 2024-10-16 | by ( Helen Li | ) www.businessinsider.com time to read: +4 min

Elon Musk's AI startup xAI is hiring AI Tutors for data annotation to train language algorithms. xAI partners closely with X, formerly known as Twitter, which sees user decline and ad pullbacks. AdvertisementElon Musk's new AI company is on a hiring spree for a new type of data annotator. Last week, xAI listed multiple job postings for "AI Tutors." Multiple AI Tutors started their jobs in August and September, according to a LinkedIn analysis by Business Insider.

Persons: Elon, —, Musk, it's, X, xAI, Jensen Huang, Colossus Organizations: Service, Business, SpaceX, Tesla, Disney, Apple, Nvidia, NPR, Forbes Locations: Memphis, Brazil, San Francisco

☆ Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz
▼ + stars: | 2024-10-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Cloud startups raised $62.5 billion in Europe, Israel and the U.S. in 2023, the report found. Funding is up 65% from the $47.9 billion cloud firms raised four years ago, according to Accel. AI is eating softwareMuch of the growth of funding in cloud is being driven by excitement around AI. Globally, companies building so-called foundational models, which power much of today's generative AI tools, account for two thirds of overall funding for generative AI firms, Accel said. Big Tech's AI splurgeThe U.S. took the lead globally in terms of overall regional generative AI investment raised.

Persons: OpenAI, ChatGPT, Philippe Botteri, Botteri, Accel's, Anthropic, Elon Musk's xAI, Britain's, France's Mistral, Accel, Dev Ittycheria, Ittycheria Organizations: Accel, Venture, Microsoft, CNBC, Accel —, Nasdaq, Alpha, Google Locations: U.S, Europe, Israel, genAI

☆ A small robotics company says Elon Musk's 'Robovan' and 'Starship' are great names — except it got trademarks for them first
▼ + stars: | 2024-10-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Starship Technologies filed trademarks for "Starship" and "Robovan" before SpaceX and Tesla did. AdvertisementRobotic startup Starship Technologies has a few things in common with Elon Musk's rocket company, SpaceX, and EV giant Tesla. Musk first showcased the Tesla Robovan on October 10 in Burbank, California, during Tesla's "We, Robot" event. According to United States Patent and Trademark Office records, Starship filed trademarks for "Starship" and "Robovan" in July 2015 and July 2017, respectively. AdvertisementIn October 2023, a legal marketing agency called X Social Media sued Musk's social media platform X in federal court in Florida.

Persons: Tesla, Elon Musk's, —, Tesla's, Musk Organizations: Starship, SpaceX, Service, Technologies, Elon Musk's, United States Patent, Starship Technologies, Belgium Brewing Company, Harbor, X Social Media, X Corp, Reuters, BI Locations: Burbank , California, Colorado, Florida, California

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