Magic Leap, the troubled augmented reality company that underwent mass layoffs and a CEO change last year, has raised $500 million in funding at a valuation of close to $2 billion. That is well up on last year, when investors had written down their stakes in the company to a value of $450 million, although it is well short of the $6.4 billion at which Magic Leap raised money in 2019. The...
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Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
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