Nvidia Deepens Push Into AWS’ Turf Read more

Briefing
startups venture capital

Fanatics’ Venture Raises Series A Round at $10 Billion Valuation

By
Laura Mandaro
· · Source: The Wall Street Journal

Fanatics Trading Cards, a sports trading-card business launched under the umbrella of online retailer Fanatics Inc., has raised $350 million at a valuation of $10 billion from investors led by Silver Lake, Insight Partners and entertainment company Endeavor Holdings, according to The Wall Street Journal. The investment in the new venture, amounting to just over 3% of the private startup, is...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
AI Agenda microsoft google
Microsoft CEO Says AI ‘Vicious Cycle’ Will Boost Google; Meta and OpenAI’s Other Rivalry
By Aaron Holmes · Oct. 3, 2023 7:40 AM PDT
Satya Nadella, CEO of Microsoft. Photo by Drew Angerer via Getty.
CEOs often speak from both sides of their mouth, depending on who their audience is. On Monday, Microsoft CEO Satya Nadella painted a scary picture of how Google could multiply its power in the age of artificial intelligence. His doom and gloom comments, made before a federal judge in Washington, contrasted with an upbeat Nadella from February who said that Microsoft’s Bing search—then being...
Latest Briefs
 
Amazon Used ‘Nessie’ Algorithm to Raise Prices
By Theo Wayt · Oct. 3, 2023
Chainalysis Lays Off 15% of Staff
By Aidan Ryan · Oct. 3, 2023
Netflix’s Ad Sales Chief Jeremi Gorman Is Leaving Company
By Sahil Patel · Oct. 3, 2023
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
Exclusive
Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware Project
By Jessica E. Lessin and Stephanie Palazzolo
Jony Ive, the renowned designer of the iPhone, and OpenAI CEO Sam Altman have been discussing building a new AI hardware device, according to two people familiar with the conversations.
From left: Paul Graham, Garry Tan and Michael Seibel. Photos by Getty. Art by Mike Sullivan.
Exclusive startups ai
Y Combinator’s Garry Tan Goes to the Mat
By Kate Clark
Garry Tan was in his happy place. Surrounded by food trucks and techies basking in San Francisco’s September sun, the CEO of Y Combinator snapped selfies with entrepreneurs as he meandered through a crowd of 2,700 attendees at the startup accelerator’s annual alumni event.
Dave Rogenmoser, cofounder of Jasper. Photo via Getty.
Exclusive startups ai
Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth Slows
By Natasha Mascarenhas and Stephanie Palazzolo
Jasper AI, an early darling of the generative artificial intelligence boom, has cut the internal value of its common shares 20%, according to former employees who were notified by the company.
Nvidia CEO Jensen Huang. Photo by Getty
Exclusive semiconductors ai
Nvidia Deepens Push Into AWS’ Turf
By Anissa Gardizy
Nvidia’s ambition to compete with Amazon Web Services is growing. Nvidia is best known for designing server chips for artificial intelligence, but it has been running a nascent cloud service for corporate customers that develop AI with those chips.
Dave Rogenmoser, co-founder of Jasper. Photo by Bloomberg via Getty.
AI Agenda ai
AI Startups Are Facing a Reckoning
By Stephanie Palazzolo
A reckoning may be coming for once-hot artificial intelligence startups. Among the most vulnerable: consumer apps (think Character.AI) and “thin wrapper” startups like CopyAI that merely provide a nice user interface on top of a third-party model from model developers like OpenAI.
The X (formerly Twitter) office in San Francisco on July 29. Photo by Bloomberg via Getty.
policy
Musk’s X Cuts Half of Election Integrity Team After Promising to Expand It
By Erin Woo
Elon Musk’s X, formerly known as Twitter , is cutting around half of the global team devoted to limiting disinformation and election fraud on the platform, including the head of the group, according to three people familiar with the situation.