Y Combinator’s Garry Tan Goes to the MatRead more

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Ride Hailing at China’s Didi Chuxing Returns to Pre-Covid Levels

By
Wayne Ma
· · Source: Beijing News

Chinese ride-hailing giant Didi Chuxing’s business has recovered to its pre-Covid levels, Didi’s CEO Cheng Wei said, the Beijing News and other media outlets reported. Speaking at an event celebrating the company’s eight-year anniversary, Cheng Wei said the company’s peak ride-hailing orders in June exceeded more than 30 million a day, similar to the same period a year earlier. Didi’s business...

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Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth Slows
By Natasha Mascarenhas and Stephanie Palazzolo · Sept. 28, 2023 6:40 PM PDT
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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. The drop in Jasper’s internal valuation could indicate that the growth of its AI-powered writing tool for marketers has slowed since the company raised venture funding at a $1.5 billion valuation in...
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Y Combinator’s Garry Tan Goes to the Mat
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