Grab, a Southeast Asian ride-hailing and food-delivery startup that is planning to go public in New York through a merger with a special purpose acquisition company, cut its financial forecasts for 2021 as the region is struggling to contain new waves of the coronavirus pandemic. Grab said Tuesday that it now expects adjusted net sales between $2.1 billion and $2.2 billion this year, compared...
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Don’t Build the Wrong Kind of AI Business
At a catch-up coffee a few weeks ago, a founder friend asked me, “What AI thing should we build?” It was the third time that week a founder had asked me the same question. Generative artificial intelligence is 99% of the buzz in Silicon Valley right now. In just the last few weeks, Open AI released GPT-4, its most advanced language model to date; Google announced AI for the...
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