Rupert Murdoch’s Fox Corp is buying Tubi, an ad-supported streaming service, for $440 million. It’s the latest acquisition by a big media company to acquire an ad-supported streaming startup. Viacom spent $340 million to buy Pluto early last year and Comcast is reportedly looking at buying another service, Xumo. More companies are looking at ad supported video as a way to offer something...
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Sequoia Capital’s U.S. Partners May Reap China Gains Even After Split
Sequoia Capital on Tuesday told investors that by the first quarter of next year it would fully separate its U.S. and China venture capital operations, ending an 18-year run during which Sequoia Capital China became China’s most successful VC firm and drove outsize returns for Sequoia’s global investors. But the separation, anticipated for years and related to a growing geopolitical...
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Adam D’Angelo’s Endless Quest to Answer Everything
Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.