Slack continues to say it is well-positioned for the shift to working from home during the Covid-19 pandemic, but some investors apparently aren’t convinced. Slack’s sales grew 49% to nearly $216 million during its July quarter compared to last year, while its net loss narrowed from $363.7 million last year to $68.6 million this quarter. Excluding items, Slack eked out a break-even quarter....
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Five Startups Vying to Be the OpenAI of China
As OpenAI and Google battle for artificial intelligence supremacy in the West, a parallel contest is happening in China. Dozens of young Chinese startups as well as local tech giants Alibaba, Tencent and Baidu are developing machine-learning models to power chatbots similar to OpenAI’s ChatGPT. Five Chinese startups, including MiniMax and LangBoat, stand out from the startup pack when it...
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