Since Bumble’s blockbuster IPO at the height of the pandemic, investors’ ardor with the dating service has cooled. Bumble’s shares trade at roughly $11 per share right now, a far cry from the $76 they closed at on its first day as a public company in February 2021. Of course, investors are fickle, which is…
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Byju Raveendran, the founder of embattled edtech group Byju’s, has made a last-ditch attempt to placate disgruntled investors including Prosus Ventures. He has just informed them that the board is weighing an offer of renounced shares — shares that a group of investors chose not to buy recently in protest — to prevent the dilution of…
X.ai, Elon Musk’s AI startup, has revealed its latest generative AI model, Grok-1.5. Set to power social network X’s Grok chatbot in the not-to-distant future (“in the coming days,” X.ai writes in a blog post), Grok-1.5 appears to be a measurable upgrade over its predecessor, Grok-1 — at least judging by the benchmark results and…
US may soon unveil list of Chinese chip factories barred from receiving tech
Tokyo inflation slowdown, output slide clouds BOJ’s rate hike outlook
Morning Bid: Yen wary of holiday calm as Q1 curtain falls
FRANKFORT, Ky. (AP) — Kentucky lawmakers gave final approval Thursday to a bill stripping the state’s Democratic governor of any role in picking someone to occupy a U.S. Senate seat if a vacancy occurred in the home state of 82-year-old Senate Republican leader Mitch McConnell.The legislation calls for a special election to fill any Senate…
Wen Hsieh and Haomiao Huang, both Kleiner Perkins investors, left the firm in 2023 to start their own venture capital fund called Matter Venture Partners. The firm had backing from Kleiner and Taiwanese chipmaker TSMC. Hsieh was a longtime KPer, having been there for 17 years; Huang had been there four years. With a passion…
Google.org, Google’s charitable wing, is launching a new program to help fund nonprofits developing tech that leverages generative AI. Called Google.org Accelerator: Generative AI, the program is to be funded by $20 million in grants and include 21 nonprofits to start, including Quill.org, a company creating AI-powered tools for student writing feedback, and World Bank,…
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