T. Rowe Price has marked down its stake in Canva by 67.6%
Blackbird, one of Australia’s largest venture operations, marked down the value of one of its most prized stakes, in the Sydney-based design platform Canva. Valued at $40 billion by investors in a $200 million round in the fall of 2021, Blackbird adjusted its own valuation of the company 36% to
Read moreCompetition concerns in the age of AI
Henry Hauser Contributor Share on Twitter Henry Hauser is counsel in Perkins Coie’s antitrust and litigation practice groups and has significant experience working on matters related to antitrust investigations and litigation under Sections 1 and 2 of the Sherman Act and Section 7 of the Clayton Act. Shylah Alfonso Contributor
Read moreMeta found liable as court blocks firing of moderators
A Kenyan court has ruled that Meta is the primary employer of content moderators suing the social media giant and its content review partner in Africa, Sama, for unlawful dismissal. The 184 moderators, in the suit filed in March this year, also alleged that Meta’s new content review partner on
Read moreThis AI used GPT-4 to become an expert Minecraft player
AI researchers have built a Minecraft bot that can explore and expand its capabilities in the game’s open world — but unlike other bots, this one basically wrote its own code through trial and error and lots of GPT-4 queries. Called Voyager, this experimental system is an example of an
Read moreHow to prepare a hardware startup for raising a Series A
Champ Suthipongchai Contributor Share on Twitter Champ Suthipongchai is co-founder and GP at Creative Ventures, a deep tech firm that invests in early-stage companies. More posts by this contributor 3 ways to hire well for your startup The world we used to live in — the one that revolved around
Read morePrivate lenders won’t fill the venture debt gap left by SVB
The collapse of Silicon Valley Bank left a small but noticeable hole in the venture debt market that private lenders don’t find attractive enough to fill. When SVB went under in March, the startup ecosystem was primarily concerned about what would happen to startup and venture capital firm bank accounts.
Read moreLenovo’s Yoga Book 9i realizes the full potential of a dual-screen laptop
Lenovo’s Yoga Book 9i drew both appreciative and skeptical stares at CES earlier this year when it made its official debut: With two 13-inch OLED screens attached with a central hinge, it’s one of the most unusual laptop designs to ever make it into actual production. The Lenovo Yoga Book
Read moreSnapchat’s AI bot isn’t very smart, but at least it won’t send nudes
Snapchat now has an AI bot that you can send snaps to, and if you’re a premium subscriber, it can even send you pictures back. So, what happens if you send Snapchat’s My AI bot nudes? This is the obvious question that comes to mind, because on the internet, people
Read moreTechCrunch+ roundup: Rethinking PLG, AI-enabled SaaS pricing, traveling with a green card
In an era when no one worried too much about IT spending, startups leaned into the bottom-up sales approach and driving product-led growth. But that was then, and this is now. “It’s too soon to pronounce bottoms-up dead, but it’s looking pretty moribund,” according to Battery Ventures’ State of Cloud
Read moreScammers publish ads for hacking services on government websites
Scammers have published various advertisements for hacking services on the official websites of multiple U.S. state, county, and local governments, a federal agency, as well as numerous universities. The advertisements were contained in PDF files uploaded to official .gov websites belonging to the state governments of California, North Carolina, New
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