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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 »

Salesforce beats earnings estimates, president and CFO Amy Weaver to step down

Salesforce beats earnings estimates, president and CFO Amy Weaver to step down

Salesforce chair and CEO Marc Benioff speaks at the World Economic Forum in Davos, Switzerland on Jan. 18, 2024. Fabrice Coffrini | AFP | Getty Images Salesforce shares rose about 1.5% in extended trading on Wednesday after the business software maker reported robust fiscal second-quarter results that beat estimates and raised its full-year profit outlook.

Salesforce beats earnings estimates, president and CFO Amy Weaver to step down Read More »

AI startup Cohere cuts staff after 0 million funding round

AI startup Cohere cuts staff after $500 million funding round

Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia, cut about 20 roles on Tuesday, CNBC confirmed. The layoffs at Cohere, which had about 400 employees according to the company, follow the completion of a $500 million funding round from investors including AMD, Salesforce, Oracle and Nvidia that valued the company at

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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 »

Salesforce shareholders reject compensation plan for CEO Marc Benioff, other top execs

Salesforce shareholders reject compensation plan for CEO Marc Benioff, other top execs

Salesforce CEO Marc Benioff attends the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Halil Sagirkaya | Anadolu | Getty Images Salesforce investors voted against the company’s compensation plan for top executives, after shareholder advisory groups raised concerns about equity awards granted to CEO Marc Benioff. According to a regulatory filing on Monday,

Salesforce shareholders reject compensation plan for CEO Marc Benioff, other top execs Read More »

Nvidia-backed AI startup Synthesia now lets you make multilingual video presentations using just your phone or webcam

Nvidia-backed AI startup Synthesia now lets you make multilingual video presentations using just your phone or webcam

Synthesia launched an option to make AI-generated avatars by recording footage of yourself with a webcam or your phone. Synthesia Synthesia, a British artificial intelligence startup, on Monday showed off a slew of new product updates including the ability to create your own Apple-style key presentations with AI avatars by using just a laptop webcam

Nvidia-backed AI startup Synthesia now lets you make multilingual video presentations using just your phone or webcam Read More »

OpenAI competitor Anthropic announces its most powerful AI yet

OpenAI competitor Anthropic announces its most powerful AI yet

Jakub Porzycki | Nurphoto | Getty Images OpenAI competitor Anthropic on Thursday announced Claude 3.5 Sonnet, its most powerful artificial intelligence model yet. Claude is one of the chatbots that, like OpenAI’s ChatGPT and Google‘s Gemini, has exploded in popularity in the past year. Anthropic, which was founded by ex-OpenAI research executives, has backers including Google, Salesforce and Amazon.

OpenAI competitor Anthropic announces its most powerful AI yet Read More »

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