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AI craze is distorting VC market, as tech giants like Microsoft and Amazon pour in billions of dollars

AI craze is distorting VC market, as tech giants like Microsoft and Amazon pour in billions of dollars

Amazon Web Services CEO Adam Selipsky speaks with Anthropic CEO and co-founder Dario Amodei during AWS re:Invent 2023, a conference hosted by Amazon Web Services, at The Venetian Las Vegas in Las Vegas on Nov. 28, 2023. Noah Berger | Getty Images Almost three years into a largely dormant IPO cycle, venture capitalists are in […]

AI craze is distorting VC market, as tech giants like Microsoft and Amazon pour in billions of dollars Read More »

Google IPO banker tracks two-decade journey from Silicon Valley upstart to  trillion

Google IPO banker tracks two-decade journey from Silicon Valley upstart to $2 trillion

Twenty years ago, as Morgan Stanley banker Michael Grimes was helping lead the public offering for the young company behind the Google search engine, one of the most anticipated of the decade, he was among the first people offered a new email service. He had his pick of any identifier he wanted, so he asked

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LVMH CEO Bernard Arnault’s family office goes shopping for AI startups

LVMH CEO Bernard Arnault’s family office goes shopping for AI startups

World’s top luxury group LVMH head Bernard Arnault presents the group’s annual results 2022 in Paris on January 26, 2023. Stefano Rellandini | AFP | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions,

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Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand

Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand

Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York. Eugene Gologursky | Getty Images Entertainment | Getty Images Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations and warned that it’s seeing signs of slowing demand

Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand Read More »

Microsoft’s cloud is ‘no-brainer’ for some AI startups, helping Azure gain ground on AWS

Microsoft’s cloud is ‘no-brainer’ for some AI startups, helping Azure gain ground on AWS

EzDubs founders Amrutavarsh Kinagi (left), Kareem Nassar and Padmanabhan Krishnamurthy pose for a photo in Palo Alto, California, in August 2023. EzDubs, a developer of language-translation technology, got started the way many tech startups get off the ground. It launched on public clouds from Amazon and Google. However, after EzDubs went through the Y Combinator

Microsoft’s cloud is ‘no-brainer’ for some AI startups, helping Azure gain ground on AWS Read More »

San Francisco’s AI boom can’t stop real estate slide, as office vacancies reach new record

San Francisco’s AI boom can’t stop real estate slide, as office vacancies reach new record

Artificial intelligence has been a big boon for San Francisco real estate. But not enough of one to make up for the broader struggle across the market. The vacancy rate for San Francisco office space reached a fresh record of 34.5% in the second quarter, according to a report Monday from commercial real estate firm

San Francisco’s AI boom can’t stop real estate slide, as office vacancies reach new record Read More »

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