DIRS.INFO The most relevant business & tech news

☆ Egg-Freezing Fertility Clinics Are Targeting Gen Z; High Storage Costs
▼ + stars: | 2024-06-20 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +14 min

She started researching and found numerous articles preaching the advantages of freezing eggs before age 35 for higher viability in the future. For the first time, egg freezing was an option for younger women worried about their reproductive future. But that also comes with a cost — and Carney doesn't plan to do another round. Other studies have found that there isn't much added benefit to freezing eggs earlier than 30. Fertility clinics have an obvious business case for trying to convince as many people as possible that egg freezing is something they should do.

Persons: Brenna Carney, I'd, Carney, —, ASRM, it's, Gurtin, there's, she'll, Dr, Geeta Nargund, she's, There's, Emily Tiemann, Alex Stewart, Serena Kerrigan, Lala Kent, PitchBook, Kindbody, Yoojin Jang, who'd Organizations: American Society for Reproductive Medicine, Society for, Reproductive Technology, Institute for Women's Health, University College London, —, Apple, Trellis, YouTube, University of California Locations: Texas, New York City, New York, San Francisco

☆ AI and the IPO market: Demand is there but product is lacking
▼ + stars: | 2024-06-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Tempus AI = AI in healthcare Tempus AI is seeking to sell 11 million shares at $35-$37 in its IPO and is slated to begin trading this Friday. Intelligent Diagnostics use AI, including generative AI, to make laboratory tests more accurate, tailored, and personal. AI IPOs: few and far between While AI is again the big investment theme of 2024, AI-themed IPOs have been few and far between. But the appetite for AI IPOs is large, and investors are scanning for new investments. Although the anticipated flood of AI IPOs has not yet materialized, Matt Kennedy is confident more are coming.

Persons: Matt Kennedy, Howe Ng, Ng, IPOs Organizations: Nasdaq, Astera Labs, Renaissance Capital, Nvidia, Cerebras Systems, Citigroup, Tempus, Forge Global Holdings

☆ It's never been easier to start a company, says Reddit cofounder Alexis Ohanian. Here are his top 4 tips.
▼ + stars: | 2024-06-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Ohanian is a cofounder at Angel City, a board member of Apecoin, and has made more than 220 investments, according to PitchBook data. AdvertisementIn a 2023 episode of MasterClass, Ohanian explained what it's like to be on the other side of the investment table and shared his top tips for startup founders. "That's not just doing the work — that's doing the right work." Ohanian suggested that early founders focus on shipping something, even if it's basic, and sharing that widely on social media. Ohanian recommended founders look outside their network when hiring and aggressively reach out to talent on platforms like X.

Persons: —, Alexis Ohanian, Steve Huffman, Condé Nast, Ohanian, It's, That's, that's, it's Organizations: Service, Business, Angel City

☆ Fast-fashion behemoth Shein is preparing for an IPO. Here's an inside look at the challenges it could face.
▼ + stars: | 2024-05-30 | by ( Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com time to read: +11 min

Its peak $100 billion valuation once made it the world's third largest privately-held company, behind TikTok owner Bytedance and Elon Musk's SpaceX. Estimates have pegged Shein's IPO valuation at around $90 billion, Bloomberg reported last year. AdvertisementTo gauge what happens to some Shein items once they're returned, BI reporters in the UK put two AirTag trackers on Shein garments and sent them back. Shein is more directly involved in production and focuses on clothes, but Temu's popularity "could affect the valuation," Swartz said. In a November statement following the news of Shein's IPO, chairman Mike Gallagher urged investors and banks underwriting the move to "carefully examine Shein's regulatory and compliance programs."

Persons: —, Bytedance, Sky Xu, Yangtian Xu, Chris, Shein, confidentially, David Swartz, Swartz, Lululemon, JADE GAO, Stephanie Benedetto, Queen, Benedetto, they're, Shein's, Morningstar's Swartz, Temu, Mike Gallagher Organizations: Service, Elon, SpaceX, Business, Reuters, Authentic Brands, Wall Street, CNBC, Bloomberg, Morningstar, Zurich Insurance Group, Guardian, BI, Coventry Airport, SEC, Street, Financial Times, London Stock Exchange, Chinese Communist Party, Nike, Adidas Locations: China, —, Singapore, Sequoia China, London , Hong Kong, York, London, Canary Wharf, Coventry, Walsall, Northern Ireland, England, Kent, Washington, Xinjiang, Dublin, Shein

In addition to Wegovy and Ozempic, the GLP-1 class includes Eli Lilly's highly popular weight loss drug Zepbound and diabetes treatment Mounjaro. VanGilder signed up nearly four years ago and started taking the weekly diabetes injection Ozempic specifically for weight loss. The big difference between Calibrate and prior weight loss efforts, VanGilder said, is that she doesn't feel like she's dieting. Calibrate is one of the only companies to regularly release reports detailing the results of its weight loss program. The federal Medicare program by law can't cover weight loss drugs unless the prescription is for another approved health benefit, such as diabetes or cardiovascular health.

Persons: Michael Siluk, Gray Beard, She'd, that's, Beard, wouldn't, She's, Ro, Goldman Sachs, Eli Lilly's, it's, Andrew Dudum, There's, Zachariah Reitano, Reitano, Wegovy, WeightWatchers, Gary Foster, Foster, Oprah Winfrey's, Kim Gradwell, Lee Smith, Jennifer VanGilder, she'd, Jenny Craig, VanGilder, I've, Kristin Baier, Rob MacNaughton, Ro's Reitano, we'd, Eli Lilly, Craig Primack, Primack, Hims, Dudum, We're Organizations: — Novo, UCG, Novo Nordisk, CNBC, Teladoc Health, World Health Organization, Food, WeightWatchers Clinic, Ursinus College, Asset Management Locations: Charlotte , North Carolina, U.S, Dudley , North Tyneside, Britain, Collegeville , Pennsylvania, Hims

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUniswap urges SEC to drop potential enforcement action in new filing: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Mary-Catherine Lader, Uniswap Labs' COO, discusses the filing urging the SEC to drop potential legal action against the firm. CNBC Crypto World also speaks with PitchBook's Robert Le about the research firm's latest crypto report.

Persons: Uniswap, explainers, Mary, Catherine Lader, PitchBook's Robert Le Organizations: SEC, CNBC Crypto, CNBC, Uniswap Labs

☆ OpenAI pulls ChatGPT AI voice over its resemblance to Scarlett Johansson in the movie 'Her'
▼ + stars: | 2024-05-20 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

OpenAI announced it would pull one of the ChatGPT voices named "Sky" after it created controversy for its resemblance to the voice of actress Scarlett Johansson in "Her," a movie about artificial intelligence. "We've heard questions about how we chose the voices in ChatGPT, especially Sky," the Microsoft -backed company posted on X. The news comes one week after OpenAI debuted a range of audio voices for ChatGPT, its viral chatbot, a new AI model called GPT-4o, and a desktop version of ChatGPT. Users watching the live demonstration of ChatGPT's audio capabilities immediately began to post on social media that the "Sky" voice sounded like Johansson in the movie. "Sky's voice is not an imitation of Scarlett Johansson but belongs to a different professional actress using her own natural speaking voice," the company wrote.

Persons: Scarlett Johansson, Radhika Jones, We've, Samantha, Johansson, OpenAI, Sam Altman, —, Anthropic, Mark Chen Organizations: Wallis Annenberg Center, Performing Arts, OpenAI, Microsoft, ChatGPT, Google Locations: Beverly Hills , California, ChatGPT, Ember

☆ How one rising Miami VC raised more money for his first fund. Other emerging investors haven't been so lucky.
▼ + stars: | 2024-05-16 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +7 min

Evans is the founder of Exceptional Capital, which launched in 2022 among the many emerging VC firms that sprouted during the fundraising boom years. Before pursuing a life in venture capital and tech, Evans hoped to make it to the NFL as a linebacker at the University of Michigan. And then in 2022, Evans decided to launch Exceptional Capital and invest as a solo VC. Exceptional CapitalBecause he's been able to increase the size of his fund, Evans has been able to expand his team. "I could see that for Marell as well, just his work with Exceptional Capital and kind of his determination there."

Persons: —, Marell Evans, Evans, he's, Dave Brandon, Brandon, Ben Horowitz, Andreessen Horowitz, Horowitz, A16z, Okta, Owen Van Natta, Hustling, Melissa Morano Aurigemma, Graham Stoddard, Andrew Van Nest, I've, Cody Coleman, Coleman, what's Organizations: Service, Exceptional, Business, NFL, University of Michigan, NCAA, IBM, Facebook, Vision, SV Angel, A16z, Exceptional Capital Locations: Miami, Michigan, San Francisco, Okta, Silicon Valley, SoftBank, —, Bessemer

☆ Instagram co-founder Mike Krieger joins Amazon-backed Anthropic
▼ + stars: | 2024-05-15 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Instagram co-founder Mike Krieger will join artificial intelligence firm Anthropic as chief product officer, the company announced Wednesday. He and Instagram's other co-founder, Kevin Systrom, most recently built the personalized news app Artifact and sold it to Yahoo. Around this time last year, Anthropic had only rolled out the first version of its chatbot without any consumer access or major fanfare. News of Krieger's hiring follows Anthropic's debut of its first enterprise offering and iOS app earlier this month. And in March, Anthropic announced Claude 3, a suite of AI models that it says are its fastest and most powerful yet.

Persons: Instagram, Mike Krieger, Anthropic, Krieger, Kevin Systrom, OpenAI's, Claude, Mike, Daniela Amodei, It's, it's Organizations: Meta, Yahoo, Google, CNBC

☆ The 2024 CNBC Disruptor 50: How we chose the companies
▼ + stars: | 2024-05-14 | by ( David Spiegel | ) www.cnbc.com time to read: +5 min

These companies are upending the classical definition of disruptive innovation that shaped the creation of the Disruptor 50 list more than a decade ago. A whopping 34 of the 50 companies on our twelfth annual CNBC Disruptor 50 list claim that artificial intelligence is "critical" to their businesses. Thirteen of the 2024 Disruptors call themselves "generative AI companies," including five of the top ten on this year's list. Here's how we chose them in 2024:All private, independently owned startup companies founded after Jan. 1, 2009, were eligible to be nominated for the Disruptor 50 list. New for 2024, CNBC formed a Disruptor 50 VC Advisory Board, in an effort to leverage the valuable expertise of leading venture capital firms and investors.

Persons: disruptors, Jan, — Organizations: CNBC, Advisory, SpaceX

☆ Brex: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

Since SVB, Brex has continued to invest in differentiated services, including AI-powered tools to help streamline expense reporting, booking and management capabilities, accounts payable and procurement management. Within 36 hours, Brex signed up nearly 4,000 companies, taking in close to $2 billion in deposits. It has since backtracked on that position, and has doubled down on its roots serving tech startups. The spend management space has become more crowded, with fellow Disruptors Ramp and Navan, as well as Expensify, Mesh Payments, Airbase and Center competing for market share. Tech companies laid off more than 191,000 workers in 2023 — a trend that has continued into 2024.

Persons: Brex, Henrique Dubugras, Pedro Francheschi, Francheschi, Ben Gammell, PitchBook Organizations: Ribbit, DST, San, Airbase, Center, Tech Locations: Salt Lake City, San Francisco, Navan

☆ OpenAI launches new AI model and desktop version of ChatGPT
▼ + stars: | 2024-05-13 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

OpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with a new user interface. The update brings GPT-4 to everyone, including OpenAI's free users, CTO Mira Murati said in a livestreamed event. She added that the new model, GPT-4o, is "much faster," with improved capabilities in text, video and audio. For OpenAI, it's one of the company's biggest announcements since its August launch of ChatGPT Enterprise, the AI chatbot's business tier. OpenAI says that more than 92% of Fortune 500 companies are using the platform.

Persons: OpenAI, Mira Murati, Murati, Brad Lightcap, Anthropic Organizations: Monday, ChatGPT Enterprise, CNBC, Microsoft, Google, Fortune Locations: GPT

☆ Anne Dwane has been a jack-of-all-trades in the startup world. Here's how that's helped her build a successful investing career.
▼ + stars: | 2024-05-06 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +5 min

Over the course of 20 years, Anne Dwane has made a name for herself as a successful entrepreneur and executive. For Dwane, her career as a startup founder and operator helped her find success as an early-stage investor. Dwane left Monster in 2008 to become the CEO of Zinch, an edtech startup that helped colleges recruit and students find programs and scholarships. With the guidance of a mentor, Chegg's CEO Dan Rosensweig, the experience also helped her understand that her superpower lay in helping early-stage companies grow. Village Global is an early-stage fund that leads seed and pre-seed funding rounds.

Persons: Anne Dwane, she's, Reid Hoffman, Jeff Bezos, Bill Gates, Mark Zuckerberg, Dwane, I've, Chegg, Dan Rosensweig Organizations: Monster Worldwide, Business, Village, Georgetown University, Harvard Business School, Research, Monster, Accelerator Fund, Brightside, Airbase Locations: Palo Alto , California, Chegg

☆ How Termina selected and ranked the 2024 Seed 100 and Seed 40 lists of the top early-stage venture capitalists
▼ + stars: | 2024-05-06 | by ( Jake Ellowitz | ) www.businessinsider.com time to read: +4 min

Read previewThe Seed 100 and Seed 40 lists are derived from a statistical analysis of investor track records. Incubated by Tribe Capital, Termina is an AI-software platform that powers quantitative due diligence for leading investors around the world. Show intermediate signs of future success with seed investments that consistently receive follow-on investment. Ten percent of all seed investors in scope were women, up from 8% when the first Seed 100 was released in 2021. The result in just one year is the largest-ever rebalancing of how investors allocate seed capital across sectors.

Persons: —, We've, We're, OpenAI, Termina, Jake Ellowitz Organizations: Service, Business, Tribe Capital Locations: USA, Canada

☆ AI is ushering edtech into a new era. Three investors share what they're most excited about in the space.
▼ + stars: | 2024-05-01 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +7 min

The past few years have been tough for edtech companies. In recent months, multiple edtech startups have raised fresh funding rounds while specifically touting AI as a core part of their business model. These deals could signal that AI is ushering in a new era for edtech companies, and VCs who invest in the space are excited about the renaissance. And Ednition, also one of Donnelly's portfolio companies, provides an infrastructure-as-a-service platform for other edtech companies to improve the data that goes into their AI models. That's why it's so important to invest in ed-tech AI startups that help people rethink how they interact with technology and learn new skills necessary to successfully enter the workforce, he said.

Persons: PitchBook, VCs, Brian Dixon, Dixon, we've, Numerade, Kapoor, Katelyn Donnelly, she's, I've, you'll, Donnelly, Avalance, OpenAI, we're, ChatGPT, Ryan Craig, Craig, edtech Organizations: Business, Labs, Kapor, Partners, Chingona Ventures, TechCrunch, Kapoor Capital, Lirvana Labs, Odyssey Education, University Ventures, ACT Locations: VCs, edtech

☆ Amazon-backed Anthropic launches iPhone app and business tier to compete with OpenAI's ChatGPT
▼ + stars: | 2024-05-01 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

The generative artificial intelligence startup is the company behind Claude, one of the chatbots that, like OpenAI's ChatGPT and Google 's Gemini, has exploded in popularity in the past year. Anthropic's first iOS app is free for users across all plans and also available starting Wednesday. In a release Wednesday, Anthropic confirmed that other current clients using Claude include Pfizer, Asana, Zoom, Perplexity AI, Bridgewater Associates and more currently. Now, it's one of the hottest AI startups, with a product that directly competes with ChatGPT in both the enterprise and consumer worlds. Anthropic's stance on the military use of Claude is similar to OpenAI's updated policy.

Persons: Anthropic's, Claude, Amodei, Anthropic, Daniela Amodei, it's, Opus, OpenAI's, Asana, It's, Moby Dick, Harry Potter, OpenAI Organizations: CNBC, Google, Team, Pfizer, Asana, Bridgewater Associates, ChatGPT

☆ Higher-paid employees looking for work are having a tough time, and it could be a sign of a shift in the workplace
▼ + stars: | 2024-04-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

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, we examine how tough the job market is for the well-paid employee . That's the current job trend, as higher-paid employees are having trouble finding work despite a historically strong labor market. iStock; Rebecca Zisser/BIThe so-called white-collar recession could also have a lasting impact on the job market for high earners. AdvertisementIt speaks to the broader theme of efficiency Big Tech companies have touted for the better part of a year .

Persons: —, Alyssa Powell, Insider's Aki Ito, BI's Emily Stewart, Aki, Rebecca Zisser, Wall, There's, Christine Ji, Kenneth Tan, Alexander Spatari, Abanti Chowdhury, Christine Ji's, Raymond James, Larry Adam, Goldman Sachs, Elon Musk, Premier Li Qiang, Beijing . Wang Ye, Musk, Li Qiang, Jensen Huang, Douglas Sacha, Getty, Bob Bakish, Shari, David Kohl, Shopify, Changpeng Zhao, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Hamptons, Big Tech, Tech, Amazon, Bank of America, Elon, Premier, AP Elon Musk's, Federal Reserve, Paramount Locations: America, Beijing ., Xinhua, China, New York, London

☆ A tax compliance startup raised millions. Then it abruptly shut down, and the founder cut off contact.
▼ + stars: | 2024-04-29 | by ( Ben Bergman | ) www.businessinsider.com time to read: +13 min

Even the human-resources firm retained to help employees with offboarding, Tandem, quit soon after the layoffs because it never got paid. Shannon Flynn Bevers, Tandem's president and founder, said that she tried to help employees but that Johnson stopped responding. "When startups go out of business, they will pay employees their final paycheck. Johnson told employees to take a weeklong furlough and blamed the issue on a technical snafu. She also told employees they could file a claim with their state labor department or hire an employment lawyer.

Persons: Slack, Shiloh Johnson, Johnson, they'd, Benjamin Matthews, Shannon Flynn Bevers, I've, Flynn Bevers, VCs, Josh Felser, Aerin Paulo, ComplYant's, I'd, ComplYant, podcaster David Sacks, Michael Tam, Tam, Matthews, Ryan Cady, Lusely Martinez, Martinez, Cady, paychecks, wasn't, Taliah McGuire, McGuire, what's, Shiloh Luckey, Penelope, We've Organizations: Business, offboarding, . Venture, BI, Craft Ventures, ComplYant, Mucker, Slauson, — Mucker, Fika Ventures, Employees Locations: Los Angeles, Shiloh, San Francisco, Colorado, New York, TikTok

☆ A longevity researcher is facing backlash for claiming to 'reverse aging.' Scientists say there's no consensus on what it means.
▼ + stars: | 2024-04-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Read previewHarvard researcher Dr. David Sinclair has found himself at the center of controversy within the longevity community. He's also earned his share of critics who say his research isn't always backed up by sufficient evidence. Animal Biosciences reissued a press release walking back the "reverse aging" claim. But scientists in the field say the issue is even more fundamental: There's no way to reverse aging, much less measure it. That means debates about the semantics of aging will only become more relevant to our daily lives.

Persons: —, David Sinclair, Sinclair, He's, Dr, Nir Barzilai, Matt Kaeberlein —, Matt Kaeberlein, Barzilai, it's, it'll, Andrea Maier, Jeff Bezos, Peter Thiel Organizations: Service, Business, Street Journal, Animal Biosciences, Newsweek, The Academy for Health, Academy for Health, Academy, National Institute, Aging, MIT Technology, National University of Singapore, Longevity

☆ Palmer Luckey's start-up Anduril just proved it can challenge legacy defense contractors and win
▼ + stars: | 2024-04-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Anduril has just been selected as one of two vendors for a major US air force contract. AdvertisementAnduril Industries, the defense tech startup run by Palmer Luckey, has just been awarded a major contract by the US Air Force, beating out legacy names like Boeing and Lockheed Martin. The Air Force hopes to eventually buy at least 1,000 CAA systems at a cost of $30 million per drone. "I'm confident we're going to deliver on budget and on schedule some really sick AI-powered fighter jets," he added. And the demand is there for them if they can make it: venture capitalists have put more than $100 billion into defense tech since 2021, according to PitchBook data.

Persons: Anduril, Northrup Grumman, Palmer Luckey, —, Lockheed Martin, Atomics, General Atomics Organizations: Boeing, Lockheed, Service, Anduril Industries, US Air Force, Aircraft, Air, Air Force, CAA, Combat Aircraft, CNBC Locations: Anduril, United States of America, …, China, Silicon Valley

☆ Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy
▼ + stars: | 2024-04-24 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

Katie SchoolovThrasio, the top aggregator of Amazon third-party sellers, is losing its CEO and five other senior executives, months after the former highflier filed for bankruptcy. Greg Greeley, Thrasio's CEO, informed staff on Tuesday that he plans to resign, according to an internal memo viewed by CNBC. Thrasio filed for bankruptcy in February and said it had agreed with lenders to restructure some of its debt load. Alongside the C-suite shakeup, Thrasio is also laying off "employees at every level," according to the memo. They're also inquiring about officers and directors involved in over $300 million in company stock sales "that has given rise to allegations of fraud."

Persons: Prosper, Katie Schoolov Thrasio, Greg Greeley, Josh Burke, Stephanie Fox, Greeley, Thrasio, Goldman Sachs, JPMorgan Chase, They're, Josh Silberstein Organizations: Amazon, CNBC, Finance, BlackRock, JPMorgan, CNBC's, U.S . Customs, Border Protection, GXO Logistics, Walmart Locations: Las Vegas , Nevada, U.S

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Since then, private-equity firms have poured $54.6 billion into sports, according to PitchBook data. And the field of potential investors is growing with Goldman Sachs helping rich clients invest in teams, which can drive up prices. AdvertisementLeagues also restrict PE investments, with some caps on the number of teams a firm can own stakes in or the ownership share a fund can hold. Scroll down to read about the private equity firms, listed alphabetically, that have been making the biggest moves in sports in recent years.

Persons: —, Josh Harris, Rob Walton, Carlyle, Ben, Blackstone, Goldman Sachs, Harris, Blackstone Group's David Blitzer, Lauren Leichtman, Arthur Levine, Sportico, RedBird, Gerry Cardinale, There's Organizations: Service, MLB, NBA, Business, Washington, Denver Broncos, Amazon, Sports, Ben Fund, Bluestone Equity Partners, GMF, Apollo Global Management, Blackstone Group's, Levine, Capital Partners, San Diego Wave, NFL Locations: downturns

☆ Bitcoin's next gen tokens are here. Inside the Silicon Valley hacker house where 17 coders helped build the new memecoin market
▼ + stars: | 2024-04-22 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +10 min

Magic Eden coders gathered in an Airbnb in San Jose, California, to hack in preparation for the so-called bitcoin halving. Their goal was to spend a week hacking to prepare for the so-called bitcoin halving — an event that is baked into the chain's code and helps to stave off inflation through programmatic monetary policy. watch nowTechnically speaking, runes just enables asset issuance of fungible tokens on bitcoin's base chain. The reason this is significant to developers is because of its efficiency relative to existing BRC-20 tokens, bitcoin's widely-used fungible token standard that has already received a ton of traction. "There's definitely been an awakening of capital interest in the bitcoin layer two space," said Muneeb Ali, who co-founded Stacks — an open-source blockchain network that brings smart contracts to bitcoin.

Persons: Eden coders, Amil Husain, Magic Eden, Bitcoin, Eden's, Zedd Yin, Eden's coders, Yin, blockchain, Casey Rodarmor, Rodarmor, Casey, Nic Carter, Bill Barhydt, bitcoin, Barhydt, I've, Carter, PitchBook, There's, Muneeb Ali, Ali, Christopher Calicott, Amil Husain DeFi, Hong Fang, Fang, Goldman Sachs, Stacks's Ali Organizations: East Foothills, Fighter, Engineers, solana, Island Ventures, Venture, CNBC, Magic Eden, Austin, Trammell Venture Partners, Labs, Ribbit Capital Locations: San Jose , California, U.S, Northern California, solana, ethereum, Abra, bitcoin, San Jose, Bitcoin

☆ Andreessen Horowitz raises $7.2 billion, a sign that tech startup market may be bouncing back
▼ + stars: | 2024-04-16 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Andreessen Horowitz said Tuesday that it raised $7.2 billion across five different funds, a sign of optimism in the tech startup world, which has seen a dearth of significant exits over the past two years. Deal volume for U.S. venture investments in the first quarter sank to its lowest level since 2017, according to data published earlier this month by PitchBook. The firm raised a $4.5 billion crypto fund in 2022, bringing its total amount raised for crypto and blockchain investments to $7.6 billion. Andreessen Horowitz remains on track to raise more money for its crypto fund and a separate biotechnology fund, a person familiar with the matter told Bloomberg. Andreessen Horowitz wrote a $350 million check to the company, which was just getting started and has yet to make inroads in the residential real estate market.

Persons: Andreessen Horowitz, Ben Horowitz, Marc Andreessen, Horowitz, PitchBook, bitcoin, Adam Neumann Organizations: Bloomberg, PitchBook, Astera Labs, CNBC Locations: Silicon Valley, U.S

☆ Inside Andy Jassy's plan for Amazon in the generative AI era
▼ + stars: | 2024-04-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. By the way, we're wrapping up voting for the championship matchup in our business, tech, and innovation bracket. In today's big story, we're looking at Amazon CEO Andy Jassy's letter to shareholders, which details the tech giant's plan in the age of generative AI . What's on deck:AdvertisementBut first, Amazon, AI, and a letter. The big storyAmazon in the AI ageMichael M. Santiago/Getty Images; Chelsea Jia Feng/BIThe generative AI revolution is coming, and Amazon wants in on the ground floor.

Persons: —, We've, Andy Jassy's, Michael M, Chelsea Jia Feng, Andy Jassy, Ana Altchek, Jassy, that's, Andy Jassy Mike Blake, Eugene Kim, Jassy's, Phillip Faraone, Gregor Fischer, Noam Galai, Here's, it's, Morgan Stanley, Ben Bergman, Rebecca Zisser, Adam Neumann, Neumann, Samantha Lee, Bon Appétit, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Amazon, Getty, AWS, Bridgewater Associates, Pfizer, Reuters, Prime, TechCrunch, Games, New York Times, Visual China, BI, JPMorgan Chase, Citigroup, Coachella Locations: Wells Fargo, New York, London

Search resuls for: "PitchBook"

25 mentions found