DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:
&' $ - 1

Search resuls for: "Valley's"


25 mentions found


☆ Microsoft likely to reveal ChatGPT-related service at event on Tuesday
  + stars: | 2023-02-06 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +2 min
Microsoft CEO Satya Nadella speaks at the company's Ignite Spotlight event in Seoul on Nov. 15, 2022. Nadella gave a keynote speech at an event hosted by the company's Korean unit. Microsoft on Monday confirmed plans to host a news event Tuesday that could be related to the AI chatbot ChatGPT, just minutes after Google unveiled its competing AI software called Bard. Microsoft's head of public relations confirmed the existence of the event in a tweet Monday, but did not confirm what it's about. Microsoft said the renewed partnership with OpenAI will accelerate breakthroughs in artificial intelligence and help both companies commercialize advanced technologies in the future.
☆ The Phoenix housing bubble spectacularly popped in 2008. Countless signs point towards a similar struggle now. Here's how bad it really is.
  + stars: | 2023-02-05 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +9 min
Phoenix's housing market is quickly deteriorating as a pullback in demand triggers home price declines. And as Phoenix's housing market performs an about-face from the dramatic rise it had witnessed from spring 2020 through summer 2022, experts across the country are debating the possibility of the whole market imploding. And as of January 2023, area home sales are down 74% year-over-year, according to John Burns Real Estate Consulting. The Phoenix Valley — a sprawling desert metropolis that's home to nearly 5 million people — is no stranger to speculative real estate bubbles. Phoenix's housing market could be on track to normalizingDespite the numerous indicators of a weakening housing market, Phoenix may simply be facing a correction versus a crash, several experts told Insider.
☆ Why Mark Cuban avoids Silicon Valley: 'Tech bros’ are ‘pretentious’ and overrated
  + stars: | 2023-02-03 | by ( Megan Sauer | ) www.cnbc.com   time to read: +2 min
That doesn't mean he worships Silicon Valley. But Cuban said he also can't stand the culture of Silicon Valley's "tech bros.""[It's] pretentious as f—k. Cuban, who has a $6.25 billion net worth according to Bloomberg, built his own tech fortune in Texas. Rather, he considers the allure of Silicon Valley — and the attitude that comes with it — overrated. "But when you're starting fresh and new, if you start with a model in this perspective, then I don't think you'll replicate the old one we had in Silicon Valley."
☆ See the pitch deck construction-robotics firm Kewazo used to raise a $10 million Series A
  + stars: | 2023-02-03 | by ( Maybrit Martschin | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com   time to read: +2 min
Insider has an exclusive copy of the pitch deck Kewazo used to raise $10 million. Kewazo's clients include the multinational construction firm Bilfinger and the industrial-services firm Altrad. Kewazo recently raised a $10 million Series A funding round, which was led by the US venture-capital firm Fifth Wall. The early-stage Boston investor Cybernetix Ventures, the Texas venture-capital firm Unorthodox Ventures, and the German construction-software company Nemetschek also took stakes in Kewazo. Insider has an exclusive copy of the pitch deck that Kewazo used to raise the funds.
☆ The history of ChatGPT creator OpenAI, which Elon Musk helped found before parting ways and criticizing
  + stars: | 2023-02-01 | by ( Grace Kay | ) www.businessinsider.com   time to read: 1 min
OpenAI released an early demo of ChatGPT in December, and the conversational chatbot quickly went viral on social media. ChatGPTWithin five days the chatbot had over one million users, as people took to social media to share examples of ChatGPT's many capabilities — from casual conversation to essay writing and coding. The artificial intelligence company that created it is now backed by Microsoft, but has a long history with some of Silicon Valley's biggest names. Sources:Entrepreneur, Insider
☆ 'They fire, we hire' - Germany seizes on Silicon Valley's woes
  + stars: | 2023-01-30 | by ( Rene Wagner Jan Schwartz | Rene Wagner | Jan Schwartz | ) www.reuters.com   time to read: +3 min
"They fire, we hire," said Rainer Zugehoer, Chief People Officer at Cariad, the software subsidiary of automaker Volkswagen (VOWG_p.DE). Spooked by inflation and the prospect of recession, Google parent Alphabet (GOOGL.O), Microsoft (MSFT.O) and Facebook owner Meta (META.O) have announced a combined almost 40,000 job cuts. Germany, with one of the world's oldest populations, has gaping holes in its labour force: according to IT industry group Bitkom, 137,000 IT jobs are unfilled. Gerlach added, adding Munich's famed beer festival to the strong labour protections that might prove attractive to the newly jobless. "Bureaucracy in Germany is utterly crippling for most highly-qualified workers when they first encounter it, especially if they don't speak German," said Diana Stoleru of Berlin startup Lendis.
☆ First-time homebuyers face a lose-lose scenario
  + stars: | 2023-01-29 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +5 min
On the agenda today:But first: Our LA bureau chief Alison Brower has been at the Sundance Film Festival this week. Brooke Shields attends the 2023 Sundance Film Festival "Pretty Baby: Brooke Shields" Premiere at Eccles Center Theatre on January 20, 2023 in Park City, Utah. Amy Sussman/Getty ImagesIt was impossible not to feel optimistic about the state of independent film at the opening weekend of the 39th Sundance Film Festival in Park City, Insider's Alison Brower writes. The party scene was as lively as ever, anchored by HBO Documentary Films' annual shindig at Ruth's Chris Steak House. Many experts worry that without some type of major intervention, the obstacles facing first-time homebuyers will continue to get worse for years to come.
☆ VCs have swapped out tennis rackets and golf clubs for pickleball paddles. Here's why the sport has become one of the hottest hobbies in Silicon Valley.
  + stars: | 2023-01-28 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +5 min
Pickleball has exploded in popularity in recent years, becoming America's fastest-growing sport. From building relationships to escaping stress, here's why VCs are obsessed with the sport. In the background, pop music floated through the air as the group prepared for a trying battle of wits and athletic prowess — pickleball. Once reserved for the quiet neighborhoods of suburbs and 55-plus retirement communities, pickleball has exploded onto the tech and VC scene in recent years, investors say. A networking toolAnd other aspects of the sport make it an ideal pick for a hobby or networking tool, VCs added.
☆ 6 hotels near Glendale, Arizona, you can book right now for the 2023 Super Bowl, recommended by a local
  + stars: | 2023-01-27 | by ( Wendy Rose Gould | ) www.businessinsider.com   time to read: +8 min
The 2023 Super Bowl will take place at State Farm Stadium in Glendale, Arizona. These six hotels have availability as of Friday and are located near the stadium. The 2023 Super Bowl will take place at State Farm Football Stadium in Glendale, Arizona. Book Comfort Suites Glendale - State Farm Stadium AreaScottsdale, Arizona, is around a 45-minute drive from Glendale. The hotel is about a 25-minute drive from State Farm Stadium.
☆ Tech's ultimate nepo babies: Meet the Drapers, the first family of Silicon Valley
  + stars: | 2023-01-23 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +10 min
The billionaire Tim Draper is part of a lineage often lauded as Silicon Valley's premier VC family. As far as powerful professional networks go, it's hard to top the Draper family tree. Draper's venture-capital career began in the 1950s at his father's own trailblazing firm, Draper, Gaither, and Anderson, an early entrant in a new field. Meet the Draper family, the ultimate tech nepo babies and Silicon Valley royalty. Jesse DraperJesse Draper founded Halogen Ventures, which counts her father as an advisor.
☆ Layoffs are a nail in the coffin for whatever the metaverse is
  + stars: | 2023-01-23 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +6 min
Last week saw both Apple and Microsoft pause on speculative projects involving augmented reality and virtual reality, per reports. Apple has postponed its much-rumored augmented reality glasses because of technical challenges, Bloomberg's Mark Gurman reported. The metaverse was already a loose concept, a catch-all term for a vague theory that augmented reality and virtual reality is the future of computing, despite little evidence to back this up. Microsoft, reasonably early to the market with its HoloLens headset, has run into issues with one of its biggest customers: the US military. It's possible augmented reality and virtual reality devices do become popular among certain types of consumer, such as enthusiasts or gamers.
☆ Microsoft announces new multibillion-dollar investment in ChatGPT-maker OpenAI
  + stars: | 2023-01-23 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +2 min
Microsoft CEO Satya Nadella speaks at the company's Ignite Spotlight event in Seoul on Nov. 15, 2022. Microsoft on Monday announced a new multiyear, multibillion-dollar investment with ChatGPT-maker OpenAI. Microsoft declined to provide a specific dollar amount, but Semafor reported earlier this month that Microsoft was in talks to invest as much as $10 billion. Microsoft said the renewed partnership will accelerate breakthroughs in AI and help both companies commercialize advanced technologies in the future. In July 2019, Microsoft backed OpenAI with $1 billion, and the investment made Microsoft the "exclusive" provider of cloud computing services to OpenAI.
☆ Big Tech's wipeout sends workers scrambling
  + stars: | 2023-01-22 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +6 min
Hi, I'm Matt Turner, the editor in chief of business at Insider. Up first: I just returned to New York after a few days in Davos, Switzerland, for the World Economic Forum. It was intense and informative, packed with meetings with business leaders and government ministers from around the world. Davos, Switzerland Hanna Erasmus and EyeEm/Getty ImagesMore than 1,500 business leaders descended on Davos in the Swiss Alps last week. Saumya Khandelwal/Hindustan Times via Getty ImagesIt was a wipeout at Silicon Valley's tech giants this week.
☆ Google, Amazon, and Microsoft layoffs will result in a 'bloodbath' of 40,000 jobs lost. Inside the tech industry's week from hell.
  + stars: | 2023-01-21 | by ( Rosalie Chan | Ashley Stewart | Ellen Thomas | ) www.businessinsider.com   time to read: +11 min
Amazon, Microsoft, and Google announced layoffs of a total of 40,000 employees this week. Tech companies embarked on a massive hiring spree as the Covid-era made their products the backbone of the world's remote-working offices. The era of tech companies spending like rock stars is overOver the last decade Big Tech companies spent money "like 1980's rock stars," wrote Dan Ives, managing director at the investment firm Wedbush . On the other end, tech companies may look much different this decade as they did in the last. As companies like Google, Amazon, and Microsoft cut costs, they'll find ways to operate leaner, and their stock prices will stabilize.
☆ Google's big fear is AI running wild. After ChatGPT, it's too late.
  + stars: | 2023-01-19 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +6 min
It's in Google's financial interest to present itself as a responsible custodian of AI. On Monday, some of Google's most senior executives, including CEO Sundar Pichai, senior vice president James Manyika, and the chief executive of its AI research unit DeepMind, Demis Hassabis, published an explainer on their approach to AI research, titled "Why we focus on AI (and to what end)." This is a "thinly veiled swipe at OpenAI and ChatGPT", according to a research note from Richard Windsor of Radio Free Mobile. In other words: If ChatGPT and its successors cause widespread havoc, it'll ruin AI adoption for everyone, including Google. There'll be more ChatGPT momentsThere is a flood of money pouring into generative AI startups promising real-world applications.
☆ A proposed H-1B visa fee increase threatens to kneecap Silicon Valley's ability to hire the foreign talent it needs to compete
  + stars: | 2023-01-12 | by ( Paayal Zaveri | ) www.businessinsider.com   time to read: +5 min
The tech industry relies on skilled-work visas for foreign hires in a system critics say is broken. Now the USCIS is proposing fee hikes for visa applications, at a time when it's already challenging. It would be another hurdle on top of recent tech layoffs and scarce visa availability, experts say. While the proposed fee hikes are presented as a solution to end backlogs and address bureaucratic headaches, experts say they would make it more difficult to hire foreign talent. Are you an H-1B visa holder and have a story to share?
☆ Facebook considered reviving a disused railway line to make it easier for workers to reach its Menlo Park headquarters, report says
  + stars: | 2023-01-08 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
Facebook spent $20 million on plans to revive a railway line that would run near its office. Meta's Juan Salazar told The New York Times it wanted to reduce congestion caused by its staff. Political pressure and impatience put pressure on plans that were abandoned after the pandemic. Slocum told the Times he approached tech companies including Facebook in 2017 to discuss securing funds. Parts of the railway were expected to be operational by 2028, per the Times report.
☆ The Microsoft-Activision deal gives Lina Khan a $69 billion problem in 2023. Defeating it will set the tone on Big Tech deals for years to come.
  + stars: | 2023-01-05 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +6 min
The FTC has a $69 billion headache to deal with in 2023 in the form of Microsoft's Activision buyout. Chair Lina Khan wants to rein in Big Tech but will be tested by one a Silicon Valley veteran. The outcome of the deal will have ramifications beyond Microsoft: the rest of Silicon Valley lies in wait before making their next big moves, as any decision will set the tone for Big Tech deals in years to come. That said, Microsoft's acquisition of Activision will prove even tougher to tackle than anything Amazon has thrown up for the FTC chief to date. Failure will likely embolden Big Tech to test the waters further.
Organizations: &' $
☆ Salesforce's massive layoffs are a sign for Silicon Valley that the worst is yet to come
  + stars: | 2023-01-04 | by ( Matt Weinberger | Paayal Zaveri | ) www.businessinsider.com   time to read: +5 min
Cloud companies took a hit in 2022 and saw massive cuts in public and private valuations. Analysts say that Salesforce, Microsoft, and other business-oriented tech companies are staring down the barrel of customers cutting their IT budgets. The rush to remote working at the beginning of the pandemic meant companies purchased tons of new cloud software tools. For software vendors, any company that's offering a single tool versus a platform is likely to see cuts, RBC said. RBC analysts are expecting more layoffs ahead.
☆ Here's what's next for the tech sector in 2023
  + stars: | 2023-01-03 | by ( Jordan Parker Erb | ) www.businessinsider.com   time to read: +4 min
I'm your host, Jordan Parker Erb, and I've got some news: Today is my last edition of 10 Things in Tech. Below, we're taking a look ahead at the new year, and discussing what's next for the tech sector. Wall Street analysts explain why they think tech is headed for a huge rebound in 2023. Tech companies saw a challenging 2022, but analysts at Wedbush say the industry will grow in the coming year, with nowhere to go but up. The past 12 months have been volatile for the ad industry — and it foreshadows even more change in 2023.
☆ Our predictions for big themes in 2023, from China tensions to the abundance agenda and tech discipline
  + stars: | 2023-01-01 | by ( Matt Turner | ) www.businessinsider.com   time to read: +4 min
On the agenda today:But first: Now that it's 2023, I want to share some of the things I'm personally fascinated with that I think will be big themes for the year ahead. 3 big themes for 2023China tensions: The fate of the world economy may depend on what happens to a company in Taiwan most Americans have never heard of. These are all huge storylines for 2023 driven by increasing tensions between China and the US. Big tech companies are making their performance reviews tougher. What do you think are the big themes that will shape 2023?
☆ I got into Y Combinator as a solo founder and left with a $4.5 million investment. Here's how I got in on my second try and what it was like.
  + stars: | 2022-12-28 | by ( Claire Turrell | ) www.businessinsider.com   time to read: +6 min
Kathryn Cross is the founder of Anja Health, a cord blood bank that freezes stem cells for future disease treatment purposes. I first heard about the startup accelerator Y Combinator when I was studying at Wellesley College and taking entrepreneurship classes at MIT. Many of the founders living in the house were in Y Combinator, and they told me how beneficial it was. I left my job with Publicis Sapient in June 2021 to begin working full-time for Anja Health. Did you go through Y Combinator and have a story to tell?
☆ As tech companies pull back on spending, big office holiday parties are on the chopping block
  + stars: | 2022-12-22 | by ( Jordan Parker Erb | ) www.businessinsider.com   time to read: +5 min
Apparently, some tech workers are also missing their companies' holiday festivities — but not because they're bopping around in the Mountain West. As tech companies pull back on spending, big office holiday parties are on the chopping block. Cost-cutting is coming for startups — and big office holiday parties are first on the list. For startup founders and venture capitalists, the office holiday party is a December tradition. But this year, holiday parties in startup-land look a little different.
☆ Silicon Valley's job cuts are everybody else's gain as tech workers find exciting new opportunities outside Big Tech
  + stars: | 2022-12-21 | by ( Diamond Naga Siu | Rebecca Knight | ) www.businessinsider.com   time to read: +7 min
Recruiters and other experts tell Insider that tech workers are in especially high demand in sectors including insurance, healthcare, retail, government, and banking. As you may expect, the traditional tech industry remains the largest employer of tech workers, the experts say. ZipRecruiter's Pollak said the turmoil in Big Tech was pushing "some tech workers to explore opportunities outside" the usual suspects for the first time. Tech job creation and hiring numbers remain strong, but layoffs keep coming, underscoring a tech labor market in flux. As for how laid-off tech workers ought to position themselves for these jobs, the Hired Guns recruiter Hemming has some advice.
☆ Sam Bankman-Fried had to be 'awakened' by a court official after closing his eyes during his extradition hearing, report says
  + stars: | 2022-12-20 | by ( Grace Dean | Beatrice Nolan | ) www.businessinsider.com   time to read: +3 min
SBF had to be "awakened" by a court official after closing his eyes during a hearing, per Reuters. Bankman-Fried was in court in Nassau, the capital of the Bahamas, on Monday. Last week he had indicated to the court that he wasn't waiving his right to challenge his extradition to the US. The Journal reported that at the hearing, a court official told Bankman-Fried to stand up straight. When asked to stand in court, Bloomberg reported that Bankman-Fried had removed his blue suit jacket, untucked his shirt, and had his sleeves rolled up.
<< prev 8 next >>
Total: 25