Uber has made a takeover offer for online food-ordering pioneer Grubhub, according to several publications. The Wall Street Journal reported the all-stock deal proposed by Grubhub would value it at $6.1 billion, compared to a market capitalization of about $4.4 billion before today’s news. One possible reason for doing the deal now: Grubhub, which owns Seamless, has a stronghold in New York...
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The Beginning of the AI Phone Wars
For years, Silicon Valley has been trying to figure out if hardware companies can generate venture scale returns, given the example of high-profile, venture capital–backed disappointments like Essential Products and Magic Leap. This challenging environment makes The Information’s recent reporting—that OpenAI CEO Sam Altman and iPhone designer Jony Ive are discussing building an artificial...
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