Nat Versus the Volcano: Can an AI Investor Solve an Ancient Mystery from the Ashes of Vesuvius?Read more

Briefing
markets startups e-commerce

Klaviyo Turns Profitable Ahead of IPO

By
Ann Gehan
· · Source: The Information

Marketing software provider Klaviyo revealed its filing for an initial public offering on Friday, showing the company turned profitable in the first half of this year as it cut cloud computing expenses and other costs. Klaviyo reported $15 million in net income in the first half compared with a loss of $25 million the same period a year earlier, while revenue rose 54% to $321 million over the...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Weekend culture policy
What a Brazilian Steakhouse Says About the Tech Economy
By Jon Steinberg · Sept. 23, 2023 6:00 AM PDT
What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
Latest Briefs
 
Cybersecurity Venture Firm Cyberstarts Closes $480 Million Fund
By Maria Heeter · Sept. 23, 2023
Apple Adds New Option to Switch From Google Search in Safari Browser
By Jon Victor · Sept. 22, 2023
Unity Technologies Issues Apology, Revises New Business Model
By Akash Pasricha · Sept. 22, 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.
OpenAI's Greg Brockman (left) and Google's Demis Hassabis (right). Photos by Getty.
AI Agenda google ai
OpenAI Hustles to Beat Google to Launch ‘Multimodal’ LLM
By Jon Victor
As fall approaches, Google and OpenAI are locked in a good ol’ fashioned software race, aiming to launch the next generation of large-language models: multimodal.
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 Mike Sullivan
entertainment media/telecom
Disney-Charter Deal Could Prompt More Cable TV-Streaming Bundles
By Sahil Patel
Last week, Charter Communications, the No. 2 cable provider, and Walt Disney Co. cut a deal to include Disney streaming services, such as Disney+ and a new ESPN service still in the works, with Charter’s cable television packages.
An Albertsons grocery store in L.A. Photo by Getty.
Exclusive startups Finance
Instacart’s Secret Deals With Grocery Giants
By Cory Weinberg
When Instacart goes public on Tuesday, at least one shareholder likely to make money is its own customer: grocery giant Albertsons, one of several retailers that quietly struck stock deals with Instacart years ago that remained a closely held secret inside the delivery company, people familiar with the matter said.