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On Thursday Snowflake said it was buying app monitoring startup Observe, confirming our earlier scoop. The sale, which we had previously reported would be roughly $1 billion, provides a decent exit for early investors in the nine-year-old startup, such as Sutter Hill Ventures and Madrona Ventures, both of which also previously backed Snowflake when it was privately held. It also saves Observe...
Lambda, an upstart cloud provider that rents out Nvidia AI chips—and whose biggest customer was recently Nvidia itself—is trying to raise at least $350 million before a potential initial public offering this year, according to a person familiar with the discussions.
Mubadala Capital, which manages money for the United Arab Emirates government and other investors, is in talks to lead the funding...
Strava, a fitness app popular with runners and cyclists, filed confidentially in recent weeks for an initial public offering and hired Goldman Sachs to run the listing, according to people with direct knowledge of the matter.
The San Francisco–based firm, founded in 2009, has recently been meeting with prospective investors ahead of the offering, which could come as soon as this spring. The...
Microsoft is adding a buy button to its Copilot chatbot, the company said Thursday, making it the latest AI app to allow users to make purchases without leaving the chatbot window. The company said that shoppers will be able to purchase from retailers including Urban Outfitters and Etsy. Shopify ...
It seems like these days, every big e-commerce and AI company is racing to figure out how to make AI agents that can shop just like a human. In the case of Amazon, the company’s version of AI-powered shopping is becoming widespread enough to step on other retailers’ toes—evidence that it’s pulling ahead in the nascent market.Earlier this week, Amazon sparked blowback from some small retailers...
Snowflake announced Thursday that it agreed to acquire app monitoring startup Observe Inc. The Information earlier reported that the two companies were in talks about a possible deal. Terms of the transaction weren’t disclosed. The Information previously reported that Snowflake would pay around ...
OpenAI’s official foray into health, unveiled in this post on Wednesday, has been a long time coming, as we explained last summer. In short, OpenAI is creating a special section of ChatGPT for customers to ask health-related questions and dump data from their personal health apps and wearable devices to get personalized advice. The features are in a trial phase with a subset of paid users for now...
OpenAI’s efforts to turn ChatGPT into a go-to personal shopper are off to a slow start.
Challenges with wrangling product data mean in-app checkouts aren’t yet widely available to the millions of shops that OpenAI said in September would soon be coming to ChatGPT. OpenAI and its early partners, Shopify and Stripe, have been working on ways to better standardize and share merchants’ product...
The Chinese government has in recent days told companies to temporarily halt plans to buy Nvidia’s H200 AI chips, throwing up a possible roadblock in Nvidia’s hopes of restarting chip sales to one of its biggest markets, The Information reported on Wednesday. The instruction came roughly a month ...
Nvidia CEO Jensen Huang must feel like a child whose parents are perpetually at war. Weeks after he glimpsed a chance to resume sales of AI chips to China—thanks to approval from President Donald Trump—China has said, “Not so fast.” As our Hong Kong reporter Qianer Liu scooped today, the Chinese government has asked local tech companies to temporarily halt any plans to buy Nvidia’s H200 chips. ...