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Sequoia Capital Goes All Out on AI Under New Leaders

In 2023, Gavin Uberti, Robert Wachen and Chris Zhu, the co-founders of AI chip startup Etched, were still Harvard University students living in a dorm room. That was when Uberti first met with partners from Sequoia Capital. The venture firm was among the first Etched pitched that year when raising a seed round that was trying to compete in the notoriously difficult semiconductor industry. Sequoia didn’t invest then. Recently, the Menlo Park, Calif., venture firm got another chance to invest...

Salesforce Engineering Chief Steps Down in Leadership Shuffle

Srini Tallapragada, Salesforce's chief engineering officer since 2019, is stepping down to serve as an advisor, as part of several new leadership changes.

Figma Stock Falls As Revenue Guidance Disappoints, Executives Depart

Figma said its chief marketing officer Sheila Vashee and chief product officer Yuhki Yamashita would be leaving the company.

Meta Debuts New AI Coding Tools

Muse Code and Muse Spark 1.2 mark Meta's latest push to narrow the gap with Anthropic and OpenAI.

White House Briefs Companies on Voluntary AI Framework

The Trump administration rolled out the new guidelines at an industry meeting on Tuesday.

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Jeff Dean Leaves Google as Demis Hassabis Steps Aside as Google DeepMind CEO

The changes will likely strike a blow to morale at Google DeepMind, which has already seen a string of departures, and could complicate its efforts to catch up in the AI race.

Shopify Stock Soars on Strong Revenue Growth

Shopify president Harley Finkelstein said AI search was "particularly helpful to some of the smaller brands," which make up most of Shopify's merchant base.

Disney’s Streaming Revenues Grow 11% Despite Ad Weakness

Disney's results showed that streaming growth is coming almost entirely from the subscription side, rather than advertising.

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Uber Plans to Invest $10 Billion Over Time in Autonomous Vehicle Fleet Expansion

Uber has partnered with a very wide range of autonomous vehicle developers, making their cars available on its platform, as it endeavors to keep ahead of the technological transition.

AMD Shares Fall After Hours Despite 50% Revenue Growth

Even with the stock slump, it’s still been a banner year for the chip designer.

OpenAI Calls Apple Lawsuit Careless and ‘Oddly Personal’

OpenAI claims a former employee ended up with sensitive material because of Apple’s own security errors

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SpaceX First Earnings Report Since IPO Shows Heavy AI Spending

SpaceX reported $7.8 billion in revenue, up 92% from the previous year.

Polymarket Seeks to Raise at Over $20 Billion Valuation

The prediction market is in early talks to raise about $1 billion, Bloomberg reports.

Spotify Reports 14% Higher Revenue

Spotify said ad revenue rose just 1% in the quarter, which is an improvement on the past three quarters where ad revenue fell as much as 6%.
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