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Park Dae-jun, CEO of South Korean online retail giant Coupang has resigned, three weeks after the company became aware of a massive data breach that affected nearly 34 million customers. Coupang The CEO of South Korean online retail giant Coupang resigned Wednesday, three weeks after the company became aware of a massive data breach that … Read more
Slack CEO Denise Dresser during TechCrunch Disrupt in San Francisco, Oct. 29, 2024. David Paul Morris | Bloomberg | Getty Images OpenAI on Tuesday announced that it’s tapped Slack CEO Denise Dresser as its chief revenue officer. Dresser will oversee the artificial intelligence startup’s global revenue strategy across both customer success and enterprise, OpenAI said in … Read more
Anysphere, the company that makes AI coding assistant darling Cursor, isn’t thinking about an IPO any time soon, its co-founder CEO Michael Truell said onstage Monday at Fortune’s AI Brainstorm conference. After reaching $1 billion in annualized revenue in November and raising $2.3 billion at a $29.3 billion valuation last month, Truell said his company … Read more
Ali Ghodsi, the CEO and cofounder of data intelligence company Databricks, is betting his privately held startup can be the latest addition to the trillion-dollar valuation club. In August, Ghodsi told the Wall Street Journalthat he believed Databricks, which is reportedly in talks toraise funding at a $134 billion valuation, had “a shot to be a … Read more
It’s been quite the year for Coreweave. In March, the AI cloud infrastructure provider went public in one of the biggest and most anticipated IPOs of the year that didn’t live up to its hype. Another setback took place in October, when a planned acquisition of the cloud provider’s business partner, Core Scientific, faltered due … Read more
CoreWeave has been rocked by dizzying stock swings—with its stock currently trading 52% below its post-IPO high—and a frequent target of market commentators, but CEO Michael Intrator says the company’s move to the public markets has been “incredibly successful. And he takes the public’s mixed reaction in stride, given the novelty of CoreWeave’s “neocloud” business … Read more
Hinge CEO Justin McLeod is stepping down from his role to launch a new AI dating product called Overtone. Match Group, the dating giant that owns apps like Hinge, Tinder, and OkCupid, is backing Overtone with pre-seed financing and plans to take a “substantial ownership position,” according to a press release. With Match’s support, Overtone … Read more
The U.S. must invest in power generation of all kinds, including renewables, and focus on improving efficiencies to keep the grid from breaking down and utility prices from soaring out of control, said Calvin Butler, president and CEO of the major utility Exelon. While now is not yet the time to panic, it is time … Read more
Home » Bitcoin » Twenty One Capital CEO Jack Mallers plans aggressive Bitcoin acquisition Mallers says the firm will “buy as much bitcoin as they possibly can” as corporate BTC treasury adoption continues to accelerate. Photo: Eva Marie Uzcategui Key Takeaways Twenty One Capital plans an aggressive strategy to acquire as much Bitcoin as possible. … Read more
AI-powered humanoid robots could take over large sections of factory work within the next five to ten years, transforming the manufacturing industry, predicts Arm CEO Rene Haas. One of the key forces pushing humanoid robots into factories is their advantage over the robotic arms and other automation machinery in use today, Haas said. Traditional factory … Read more
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