After pouring billions into AI, venture capital faces a reckoning with DeepSeek breakout: ‘It’s a gut check’
Despite the setback for OpenAI and Anthropic, investors tell Fortune that DeepSeek could spur AI startup growth. Read More
Tag: Billions
Trump’s crypto-frenzied inauguration weekend makes first family billions of dollars richer
Snoop Dogg was the lead act at the first-ever Crypto Inaugural Ball held in Washington on Friday eveningMacKenzie SigalosAs the ...
Britain’s car finance industry is in crisis – with banks bracing for billions in payouts
View looking towards the Royal Exchange and in the City of London where the glass architecture of the tower 22 ...
Why Meta and Snap are spending billions on AR glasses
After a decade of development and billions of dollars, Meta CEO Mark Zuckerberg in September pulled back the curtain on ...
Lilium was once a promising ‘air taxi’ startup worth billions. Now it’s on the brink of insolvency
German company Lilium produces flying electric passenger drones.LiliumGerman aerospace startup Lilium faces insolvency if it doesn't raise emergency funding from ...
Intel seeks billions for minority stake in Altera business, sources say
Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next ...
Hurricanes Helene and Milton caused billions in damage. Here’s how to deal with your insurer
Now that the threat of Hurricanes Helene and Milton has receded, millions of homeowners and business-owners across Florida and the ...
Middle Eastern funds are plowing billions of dollars into hottest AI start-ups
Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley's artificial intelligence darlings.Oil-rich nations ...
AI craze is distorting VC market, as tech giants like Microsoft and Amazon pour in billions of dollars
Amazon Web Services CEO Adam Selipsky speaks with Anthropic CEO and co-founder Dario Amodei during AWS re:Invent 2023, a conference ...
American Airlines flight attendants’ starting salaries are just $27,000. But a new contract will put billions into compensation, union says
American Airlines Group Inc. and the union for its flight attendants agreed on a tentative contract after US labor mediators ...
