Better.com’s stock tanks after SPAC combination brings it to the public markets

August 24, 2023
Shares of Better.com are getting hammered into the ground Thursday morning after the digital mortgage company completed its long-delayed SPAC merger and began to trade as a public company for the first time. When Better first announced plans to go public in 2021 at a $7.7 billion valuation, it was a different time. Mortgage interest […]

Hustle Fund doubles down on its mission to build the ‘YC of angel investing’

August 24, 2023
What do a chef in Turkey, a pilot in Australia, a physical therapist in Oregon, a submarine operator in the military and a DJ in the Bay Area all have in common? They are all members of Hustle Fund’s Angel Squad, an investment community for new angel investors. Hustle Fund is an early-stage-focused venture firm […]

Hugging Face raises $235M from investors including Salesforce and Nvidia

August 24, 2023
As first reported by The Information, then seemingly verified by Salesforce CEO Marc Benioff on X (formerly known as Twitter), AI startup Hugging Face has raised $235 million in a Series D funding round. The tranche, which had participation from Google, Amazon, Nvidia, Intel, AMD, Qualcomm, IBM, Salesforce and Sound Ventures, values Hugging Face at […]

Meta releases Code Llama, a code-generating AI model

August 24, 2023
Meta, intent on making a splash in a generative AI space rife with competition, is on something of an open source tear. Following the release of AI models for generating text, translating languages and creating audio, the company today open sourced Code Llama, a machine learning system that can generate and explain code in natural […]