Tech

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. It was once again the private market that generated the most funding-related news in the startup world this week, both for companies …

Fearless Fund has made a big move since it settled a lawsuit with the American Alliance for Equal Rights (AAER).  The firm announced on Thursday a seven-figure investment into the e-commerce platform Zimi, co-founded by Audrey Djiya and Peter Nsaka. Zimi offers inventory management, handling and storage, and border logistics …

Elon Musk on Thursday night rolled out the latest tech from Tesla, saying of its sleek Cybercab robotaxis and a prototype of its new electric van that “the future should look like the future.” Back in the present day, however, California police departments are beginning to regret their decision to …

As hurricanes batter the Atlantic and Gulf coasts of the United States, many people’s livelihoods are on hold and they’re struggling to make ends meet. The FCC just decided that anyone affected by a natural disaster can get a break on broadband and mobile service; it’s not much, but every …

Khosla Ventures has raised $405 million for OpenAI, according to a regulatory filing. Based on the filing alone, Khosla’s stake in the ChatGPT maker appears to be at least 6% of the $6.6 billion round the company closed last week. But that doesn’t mean Khosla has put substantial or any …

The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the …

Anthropic CEO Dario Amodei wants you to know he’s not an AI “doomer.” At least, that’s my read of the “mic drop” of a ~15,000 word essay Amodei published to his blog late Friday. (I tried asking Anthropic’s Claude chatbot whether it concurred, but alas, the post exceeded the free …

For some, AI fatigue is real — but clearly venture investors haven’t grown tired of the category. AI deals continued to dominate venture funding during the third quarter. AI companies raised $18.9 billion in Q3, according to Crunchbase data. That figure represents 28% of all venture funding. The third quarter …

How do machine learning models do what they do? And are they really “thinking” or “reasoning” the way we understand those things? This is a philosophical question as much as a practical one, but a new paper making the rounds Friday suggests that the answer is, at least for now, …

Just before Hurricane Milton slammed into Florida as a Category 3 storm on Wednesday, many people reported that the sky above them turned a sinister purple hue. A sign of the apocalypse? Well, yes, actually—the climate catastrophe we’ve made for ourselves. But it’s still a natural phenomenon with a scientific …