AI startups struggle to not become OpenAI’s ‘roadkill:’ ‘When you step on the court with Jordan, you don’t try to beat him at his game’
Investors and founders gathered in San Francisco this week for the second Cerebral Valley AI Summit. Though OpenAI wasn’t in attendance, the maker of popular chatbot ChatGPT loomed over nearly every conversation. As money pours into generative AI, startups are searching for ways to chart their own paths. The 2nd Cerebral Valley AI Summit, co-hosted…
Layoffs keep hitting Amazon, Netflix, Warner Bros. Discovery, and more entertainment companies — here’s the list of those with recent cuts
The entertainment industry shed 44,000 jobs from May to October amid strikes and retrenchment. A wide range of companies were impacted, from entertainment giants to independent producers. Hiring could pick up in 2024 but will be slow and selective. The Hollywood strikes may be over, but the industry that workers are returning to is in…
A former Vice exec is launching an AI platform that can visualize entire stories, scripts, or poems from the text
Vice’s former head of publishing is launching an AI platform for the visualization of stories. The tool, called Lore Machine, combines text and image gen-AI capabilities to produce “storyboards.” Founder Thobey Campion said his aim with Lore Machine is to help writers reach more audiences easily. Thobey Campion saw one recurring challenge in media while working…
Qevlar wants to cut out human vulnerability in cybersecurity using AI. It just raised $5 million with this 10-slide pitch deck.
Qevlar, a cybersecurity startup, has raised $5 million in seed funding. The Paris-based company uses AI to help identify and manage security risks. EQT Ventures led the round alongside angel investors including DeepMind’s Mehdi Ghissassi. Qevlar, a cybersecurity startup powered by AI, has raised $5 million in seed funding. The Paris-based company allows businesses to integrate…
With an intensified focus on AI, VC firm Mayfield is closely watching for ‘maturing’ early-stage gen AI startups in 2024
Earlier this year, Mayfield created its first-ever dedicated seed fund to focus more on AI. The firm hired seasoned AI investor Vijay Reddy to lead that fund. Reddy and Mayfield managing partner Navin Chaddha reveal the kinds of AI startups on their radars. Mayfield Fund was one of the first venture capital firms to recognize…
How to lock in bond funds returning up to 12% to beat next year’s ‘hard-ish’ landing, according to a chief strategist with $415 billion in fixed income
George Bory says investors should expect an economic slowdown to continue into 2024. He says that diversifying your portfolio with bond mutual funds can provide stock-like returns. Four of the funds listed below have Gold Medalist ratings from Morningstar. Bond yields rose last month, with the 10-year Treasury note reaching around 5%, the highest level…
A financially independent millennial says it’s ‘an incredible time’ to be an investor and explains why he’s diversifying his portfolio by purchasing niche websites and watches
Grant Sabatier grew his wealth by investing in low-cost index funds. He’s always looking to diversify his portfolio. Currently, he’s investing in niche websites. He’s also buying collectibles, including Rolex watches. Grant Sabatier amassed a seven-figure net worth by investing his savings in low-cost index funds in the early 2010s. He has expanded his fortune…
Sequoia-backed Upway refurbishes and resells e-bikes. It just raised $30 million with this 17-slide pitch deck.
Upway, which refurbishes and resells secondhand e-bikes, just raised $30 million. The startup, founded by former Uber execs, secured the capital from Bolt-backer Korelya Capital. Check out the 17-slide pitch deck it used to raise the funds below. Upway, a French startup that refurbishes and resells used e-bikes, has announced a $30 million Series B…
Make these 12 investments before stocks charge toward new record highs after the US avoids a recession next year, according to the investment chief at $756 billion Citi Global Wealth
Our experts answer readers’ investing questions and write unbiased product reviews (here’s how we assess investing products). Paid non-client promotion: In some cases, we receive a commission from our partners. Our opinions are always our own. Expect continued economic growth as sector-level downturns fade, according to Citi Global Wealth. The firm’s global head of investments…
