Briefing
crypto

Genesis Approached Binance, Apollo as it Struggles to Raise Cash

By
Aidan Ryan
· · Source: Bloomberg

Genesis, one of the largest crypto lending firms, approached crypto exchange Binance and private equity firm Apollo Global Management for cash, Bloomberg reported on Tuesday. Genesis has been seeking up to $1 billion in funding, according to multiple reports. The talks come as Genesis’ withdrawals remain frozen after customers rushed to pull out money following the collapse of FTX. Genesis has...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
AI Agenda startups amazon
Amazon’s ‘Switzerland’ Days Are Over; Are LLMs Cheating on Benchmark Tests?; OpenAI Quietly Develops Customizable GPTs
By Stephanie Palazzolo · Sept. 25, 2023 8:00 AM PDT
Photo by Midjourney.
Looks like Amazon’s finally made its AI bet.On Monday, model developer Anthropic announced that it had raised as much as $4 billion from Amazon. As part of the deal, Amazon Web Services will become Anthropic’s primary cloud provider, and Anthropic will train and deploy its future models on AWS’ training- and inference-specialized chips, Trainium and Inferentia. What that means isn’t...
Latest Briefs
 
Amazon Agrees to Invest up to $4 Billion in AI Startup Anthropic
By Jing Yang · Sept. 25, 2023
Writers Guild Reaches Tentative Deal With Studios to End Strike
By Juro Osawa · Sept. 24, 2023
Cybersecurity Venture Firm Cyberstarts Closes $480 Million Fund
By Maria Heeter · Sept. 23, 2023
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
From left, a Google TPU, Broadcom CEO Hock Tan and Google Cloud chief Thomas Kurian. Photos via Getty, Google and YouTube.
Exclusive google semiconductors
To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier
By Wayne Ma, Anissa Gardizy and Jon Victor
Google executives have extensively discussed dropping Broadcom as a supplier of artificial intelligence chips as early as 2027, according to a person with direct knowledge of the effort.
Photo via Midjourney.
AI Agenda startups ai
The Rise of Startups That Help Other Startups Evaluate LLMs
By Stephanie Palazzolo
All but a handful of artificial intelligence startups typically fall into one of two camps. The first group uses a single large-language model, typically OpenAI’s GPT-4, to power their applications.
Photos via Eiso Kant (left) and YouTube/VMWare Tanzu (right)
AI Agenda startups ai
How GitHub Copilot’s Co-Creator Raised $126 Million to Compete with His Former Employer
By Stephanie Palazzolo
Recent interest in artificial intelligence has focused on large-language models that aim to do everything from writing Shakespearean poetry to solving math riddles.
Art by Clark Miller
The Big Read policy
Europe Has Figured Out How to Tame Big Tech. Can the U.S. Learn Its Tricks?
By Chris Stokel-Walker
Late last month in Belgium, Sen. Elizabeth Warren (D-Mass.) had a pressing question for Paul Tang, a Dutch politician and member of the European Parliament.
Photo via Getty
Exclusive e-commerce
TikTok Plans Seattle Beachhead for Shopping Expansion
By Erin Woo
As TikTok seeks to compete with Amazon, it’s planting a flag in the e-commerce giant’s backyard.
Andrew Bialecki, CEO and co-founder of Klaviyo. Photo by the Boston Globe via Getty.
The Briefing markets startups
A Boring—but Important—IPO
By Cory Weinberg
We tend to lionize founders who start companies with the splashiest, most far-reaching consumer products.