Luminar founder and CEO Austin Russell’s bid to buy Forbes Global Media Holdings has ended. Integrated Whale Media Investments, the Hong Kong-based parent company of Forbes, terminated the agreement with Russell after he failed to secure enough investors to close the deal. Bloomberg was the first to report the news, citing an internal memo by […]
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eBay is unloading its remaining shares in the online classified business Adevinta to private equity firms Permira and Blackstone for $2.2 billion in cash and 20% equity, it said. Adevinta had originally acquired eBay’s own classified business back in 2020, leaving eBay with $2.2 billion in cash and 540 million Adevinta shares. While the new deal […]
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The OpenAI train wreck may be playing out in slow motion before our eyes, but the company’s competition isn’t sitting around gawking. Anthropic just released Claude 2.1, an improvement on its flagship large language model that keeps it competitive with the GPT series — and now has the useful added feature of “being developed by […]
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One thing that the OpenAI drama should teach startups is that they should never put all their eggs in one LLM basket.
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Spotify’s upcoming royalty model changes will generate $1 billion in five years for new and popular artists, the streaming service announced on Tuesday. As previously reported, Spotify is changing its royalty system to direct more money to popular artists and record labels, while raising the minimum payment threshold for music streaming on the platform and tackling […]
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Three OpenAI board members stepped down earlier this year within months of each other — yet the startup didn’t line up replacements. One of the current members, former Facebook CTO and Quora CEO Adam D’Angelo, launched an AI chatbot platform, Poe, that leverages — but also competes — with OpenAI products. And two members, Tasha […]
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