Instacart, the San Francisco-based grocery delivery company, will likely postpone its IPO to 2023, chief executive Fidji Simo told employees via email on Thursday evening. “The markets are still extremely tumultuous making it highly unlikely that an IPO is possible for us in 2022,” Simo wrote in an email viewed by The Information. In the email to employees, Simo argued that the postponed...
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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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