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Dealbook giving no context on the gross/net confusion is so lame. Do better.
Scoop in @dealbook : Instinct, the hot AI assistant, is now worth $10 billion! With only 14 employees. It raised $1 billion from @benchmark, @sequoia and @coatuemgmt.
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Breaking in @dealbook: Jay Carney is joining SV Angel, Ron Conway’s venture capital firm, to run a new initiative called Project Blueprint. Its purpose is to rebuild bonds between leaders in the artificial intelligence sector and Democrats who are demanding new rules to regulate the technology.
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AI agent startup raises mo money Dealbook: "Instinct has raised $1 billion at a $10 billion valuation. The fund-raising comes almost exactly one month after Instinct raised $250 million at a $2.5 billion valuation. Investing in the round announced today were Benchmark Capital, Sequoia Capital and Coatue."
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Nov 29, 2023. DealBook Summit. Andrew Ross Sorkin asks about advertisers leaving X. Elon: "If somebody's gonna try to blackmail me with advertising… go f*** yourself." Still one of the most iconic CEO moments ever 🎙️
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OpenAI now expects to spend around $750 billion on compute through 2030, according to NYT DealBook. Despite that scale, the company still feels “really short” on computing power.
With @ouraring postponing its IPO — and many others in recent weeks — what does it mean for @AnthropicAI’s IPO? That one is the canary in the coal mine. More in today’s @dealbook
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Twenty-five years ago this morning, at this hour, I was finishing up a prototype of DealBook. We were conducting a dress rehearsal and planning to launch that week. I’ll never forget the images of the planes striking the World Trade Center, or the hours and days in the newsroom, on the phone with anxious New Yorkers and Wall Street executives trying to account for their colleagues. I knew people who died that day. Sept. 11 shattered our sense of safety and our assumptions about the world and wrapped Americans in overwhelming grief. Yet in the weeks that followed, the country came together. In a far less polarized era, leaders sought to bridge divisions rather than exploit them. We rallied together. While the attacks’ aftermath ultimately led to war and complex global consequences, I cannot help but return to this question: How would we navigate such a crisis in today’s climate?
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OpenAI’s run-rate revenue from business customers grew 32% MoM in July, outpacing 20% growth in overall run-rate revenue, per DealBook.
Amazon ($AMZN) founder Jeff Bezos says openly acknowledging fear can make workplace conversations more productive. “I’ll say, ‘I’m scared.’ And that’s more effective. People are like, ‘What are you scared of?’” From the 2024 DealBook Summit. (Via @guilleflorvs, Original source: @nytimesevents)
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