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Top related persons:
— - 1 OpenAI - 1 Canva - 1 Anwar Haneef - 1 Matthias Keller - 1 James Graham - 1 Sam Altman - 1 Graham - 1
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Davos Canva ChatGPT
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Service - 1 Business - 1 Uber - 1 Sequoia Capital Global - 1 Bessemer Venture Partners - 1 Greenoaks - 1 Booking Holdings - 1 OpenAI - 1

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☆ Here's the playbook tech companies like AllTrails, Canva, and Kayak are using to dominate the charts in OpenAI's new GPT Store.
  + stars: | 2024-02-20 | by ( Samantha Stokes | ) www.businessinsider.com   time to read: +9 min
Its GPT, which generates images from text prompts, is currently ranked second overall on the GPT Store. And all three companies' GPTs have been highlighted at the top of the GPT Store website as "OpenAI's Picks." Advertisement"Sometimes finding trails can be overwhelming because there are so many different places to go," Graham told Business Insider. In addition to GPT Store, companies are thinking more broadly about how AI fits into their business models. "Now we're also investing time in using AI to make our team faster and more efficient, too."
Persons: —, OpenAI, Canva, Anwar Haneef, Matthias Keller, James Graham, Sam Altman, Graham, GPTs, Sam Altman's, Keller, we're, Haneef Organizations: Service, Business, Uber, Sequoia Capital Global, Bessemer Venture Partners, Greenoaks, Booking Holdings, OpenAI, Economic, Canva Locations: Davos, Canva, ChatGPT
☆ Canada's largest pension fund CPPIB among the investors indirectly hit by FTX blowup
  + stars: | 2022-11-15 | by ( Danielle Walker | ) www.businessinsider.com   time to read: +4 min
The Canada Pension Plan Investment Board had an indirect exposure to FTX through a Sequoia private-equity fund it was invested in. Ontario Teachers' Pension Plan said last week that it had invested a total of $95 million in FTX International and its US entity since October 2021. The Canada Pension Plan Investment Board, one of the world's largest pension funds, can be counted among the investors now impacted, either directly or indirectly, by the blowup of crypto exchange FTX. Toronto-based CPPIB has an indirect exposure to FTX through its investment in a Sequoia Capital private-equity fund. Sequoia's other impacted fund, SCGE Fund, L.P. had $63.5 million invested in FTX and FTX US, according to the firm's letter to clients.
☆ Factbox: What are FTX's investors saying?
  + stars: | 2022-11-11 | by ( ) www.reuters.com   time to read: +2 min
Here's what investors in FTX are saying now:SOFTBANKThe total investment of SoftBank Group Corp's (9984.T) Vision Fund in the U.S. and international operations of FTX is less than $100 million, a source close to SoftBank said on Friday. The complications at FTX mark the latest difficulty for the Vision Fund, which has been hit in recent quarters by a global tech rout. SEQUOIA CAPITALSequoia Capital said on Wednesday that it would mark down its total investments in FTX to $0. ONTARIO TEACHERS PENSION PLANThe Ontario Teachers Pension Plan (OTPP) said on Thursday it had invested a total of $95 million in FTX. CIRCLEFintech company Circle CEO Jeremy Allaire said in a tweet on Wednesday that "Circle is a tiny equity holder of FTX, and FTX is a tiny equity holder of Circle."
☆ Digital bank Chime cuts 12% of workforce as stormy markets hurt fintechs
  + stars: | 2022-11-02 | by ( ) www.reuters.com   time to read: +1 min
Nov 2 (Reuters) - Online banking company Chime has laid off 12% of its employees, a spokesperson said on Wednesday, blaming "current market dynamics" as this year's tech rout slams the once-high valuations of growth startups. Klarna, once Europe's most valuable startup, saw its valuation drop to $6.7 billion in July from $46 billion earlier. read moreThe downturn comes after payment companies enjoyed robust growth during the pandemic as consumers embraced digital banking services. Chime makes money by earning a fee from payment processors such as Visa Inc (V.N) every time a customer uses a Chime debit or credit card. Earlier this year, Reuters had reported that Chime could aim for a valuation of nearly $40 billion for an initial public offering in New York.
☆ Sequoia Capital’s Roelof Botha Predicts Success for Elon Musk at Twitter
  + stars: | 2022-10-26 | by ( Berber Jin | ) www.wsj.com   time to read: 1 min
Roelof Botha , the head of Sequoia Capital, said he thinks there are large improvements to be made for Twitter current business and that Elon Musk’s takeover bid for the social-media company will be a success. Mr. Botha, speaking at The Wall Street Journal’s Tech Live conference, said he thought Twitter could find better ways to make money beyond advertising and improve its product. Sequoia has committed $800 million for the deal. The funding is set to come from Sequoia’s main venture funds, its wealth management business called Heritage, and its crossover fund Sequoia Capital Global Equities.
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