The Nordic startup movement continues its strong momentum. On Tuesday, Neil Murray, founder and general partner at Copenhagen-based The Nordic Web Ventures, announced the closing of a $6 million Fund III. This fund will continue investing in early-stage founders across…
Even three years after the generative AI boom began, most AI startups still earn their revenue by selling to businesses rather than to individual consumers. While general-purpose tools like ChatGPT saw rapid consumer adoption, most specialized consumer AI applications have…
The online podcast recording platform Riverside recently released its own version of a year-end review similar to Spotify Wrapped. This recap, called Rewind, creates three custom videos for podcasters. Instead of sharing basic statistics like recording minutes or episode counts,…
Chai Discovery, a biotech startup with backing from OpenAI, announced a $130 million Series B funding round on Monday, valuing the company at $1.3 billion. The round was led by General Catalyst and Oak HC Other participants include Menlo Ventures,…
Nvidia is expanding its open source AI initiatives through both an acquisition and a new model release. The semiconductor giant announced the acquisition of SchedMD, the primary developer of the popular open source workload management system Slurm. Nvidia stated that…
Disney’s three-year licensing partnership with OpenAI includes just one year of exclusivity, according to Disney CEO Bob Iger. The company signed the partnership last week, which will bring its iconic characters to OpenAI’s Sora video generator. Once that exclusive year…
The online podcast recording platform Riverside recently released its own version of a year-end review, similar to Spotify’s “Wrapped.” This recap, called “Rewind,” creates three custom videos for podcasters. Instead of sharing basic statistics like recording minutes or episode counts,…
Ford is ending production of the fully-electric F-150 Lightning as part of a broader company-wide shakeup of its electric vehicle plans. In its place, Ford will sell an “extended range electric vehicle” version of the truck. This new model adds…
Ford is launching a new battery storage business, pivoting its battery manufacturing capacity amid a shift away from large electric vehicles. Instead of canceling battery production plans, the company will use that capacity to build energy storage systems. These systems…
After a surge of venture capital investments from the 2021 bubble failed to yield strong returns for many firms, limited partners like endowments, pension plans, and sovereign wealth funds have shifted their strategy. They are now funneling a greater share…
