The shoe brand popular among tech workers and venture capitalists has raised another $100 million at a valuation of $1.7 billion, according to The Wall Street Journal . Allbirds, founded in 2014, sells sustainable shoes made from Merino wool, castor bean oil and recycled plastic and cardboard. The company raised $27 million in January but halted plans to raise additional capital after the...
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AI Startups Are Facing a Reckoning
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. We got a sense of the slowdown last week, when Natasha and I reported that Jasper, an early generative AI...
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