$60 billion AI chip darling Cerebras consumes $8 million a month and nearly dies an early death
Today, Cerebras Systems is a public company that sells AI chips for inference to major companies such as OpenAI and AWS. The company held a massive IPO on Thursday, and both co-founders are billionaires, ending the week with a valuation of about $60 billion. But in 2019, three years after its founding, it came dangerously […]
Users turn to jailbreaking older Kindles as Amazon ends support
Many people are jailbreaking their Kindle following the news that Amazon will end technical support for older models. On May 20th, Amazon will end support for the following Kindle devices: Kindle 1st Generation Kindle 2nd Generation Kindle DX Kindle DX Graphite Kindle Keyboard Kindle 4 Kindle 5 Kindle Touch Kindle Paperwhite 1st Generation Kindle Fire […]
RJ Scaringe has raised more than $12 billion across three startups, but investors are still looking for more money
Investors don’t seem to fully understand RJ Scaringe or his ideas. In less than a decade, the serial entrepreneur, best known for his EV company Rivian, has raised more than $12.3 billion for three (and more) startups from venture capital firms as well as strategic and institutional investors. If the recent $400 million raise for […]
General Catalyst Posts VC Anger Bait That Worked Especially on A16z
One of the funniest things in VC this week was General Catalyst’s infuriating marketing. After a post on X that parodied old Mac vs. PC commercials went viral, the venture firm known as GC posted a “VC vs. GC” video on Wednesday. VC was played by a tall actor with a distinctly large bald head, […]
Hotel check-in system leaves 1 million passports and driver’s licenses available for anyone to view.
A hotel’s check-in system left verification photos of more than 1 million customers’ passports, driver’s licenses and selfies on the open web after a security breach. The data is now offline after TechCrunch alerted the company responsible. The hotel’s check-in system, called Tabiq, is maintained by Japan-based technology startup Reqrea. According to its website, Tabiq […]
OpenAI launches ChatGPT for personal finance, allowing connection of bank accounts
OpenAI on Friday began previewing a new personal finance tool for ChatGPT Pro subscribers in the US, allowing subscribers to connect to their accounts and ask questions ranging from spending analysis to future financial planning. OpenAI has partnered with financial connectivity service Plaid to manage account connectivity. Users can connect to over 12,000 financial institutions, […]
Power prices rise 76% on America’s largest power grid, regulators criticize
Prices for the PJM interconnector, the nation’s largest power grid, have nearly doubled since last year, according to a report released yesterday by Monitoring Analytics, an independent market monitor that acts as something of a watchdog for the grid. Who is the culprit? data center. The wholesale price for one megawatt hour of electricity rose […]
US orders Air Force One travelers to throw away gifts, pins and burner phones after visiting China
President Trump and a delegation of U.S. officials left Beijing on Friday after two days of high-level talks with the Chinese government led by President Xi Jinping. Before boarding Air Force One, White House staff and reporters had to hand over various items they had collected during their trip, including staff burner phones, badges and […]
Runway started by supporting filmmakers. Now they are trying to beat Google with AI.
AI video generation startup Runway doesn’t have a typical Silicon Valley pedigree. There are no Stanford University founders, no former Google founders, no nine-figure seed rounds that bought time by ignoring revenue. The three founders (two from Chile and one from Greece) met at New York University’s Tisch School of the Arts and founded the […]
GoPro is also shifting its focus to defense.
Want to make money? Start building your data center. Alternatively, you can build batteries to power data centers. Or: Focus on defense. This is not financial advice, but it certainly seems to be appealing to public markets and retail investors these days. Ford’s nascent energy storage business, which is a fraction of Tesla’s size and […]