Tag: startups

Airchat Is Silicon Valley’s Latest Obsession
Technology

Airchat Is Silicon Valley’s Latest Obsession

Ravikant said most of the funding for Airchat has come from his own fund, as well as from Jeff Fagnan, a founding partner at Accomplice Ventures. “[OpenAI CEO] Sam Altman threw in a check, kind of blindly,” Ravikant said. He communicated all of this to me in a public response on Airchat, after politely declining to respond to my DMs and insisting our conversation should happen in public. “It can’t be a side-channel, DM-based interview. That’s the old world that we are leaving behind,” he told me. (In the old world, as in the new world, conducting an interview synchronously is almost always … preferable.)So far the Airchat feed appears to be filled with tech enthusiasts, early adopters, venture capitalists, and journalists. There’s lots of Bitcoin posting. Winefluencer Gary Vaynerchuk is o...
The Entrepreneur Who Bet His Company on a Fight With Apple
World

The Entrepreneur Who Bet His Company on a Fight With Apple

Masimo Chief Executive Joe Kiani bet the future of the company he spent three decades building in an expensive legal battle with the world’s most valuable company. So far, he is winning, but it isn’t over.His company, which pioneered a better method for measuring blood-oxygen levels, has spent around $100 million fighting Apple in a dispute that temporarily halted Apple Watch sales. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The Entrepreneur Who Bet His Company on a Fight With Apple
Technology

The Entrepreneur Who Bet His Company on a Fight With Apple

Masimo Chief Executive Joe Kiani bet the future of the company he spent three decades building in an expensive legal battle with the world’s most valuable company. So far, he is winning, but it isn’t over.His company, which pioneered a better method for measuring blood-oxygen levels, has spent around $100 million fighting Apple in a dispute that temporarily halted Apple Watch sales. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
No return to easy money for startups, StanChart Ventures head says
Money

No return to easy money for startups, StanChart Ventures head says

SINGAPORE -- Startups looking to raise money quickly to fuel their growth next year may find tough conditions persisting, even if the current "funding winter" eases toward the latter half of 2024, according to the head of Standard Chartered's financial technology investment arm.Alex Manson, chief of SC Ventures, the British bank's business unit that backs fintech innovations, told Nikkei Asia in an interview that while he expects financing conditions to ease in the second half of next year, there will be no return to the days of easy capital for startups. !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n; n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t...
Thyssenkrupp Nucera Net Income Rose; Says Start-Up Costs Will Hit FY 2024 Earnings
World

Thyssenkrupp Nucera Net Income Rose; Says Start-Up Costs Will Hit FY 2024 Earnings

Thyssenkrupp Nucera posted fourth-quarter rise in net income but warned start-up costs in fiscal 2024 would affect earnings.The German electrolyzer business reported 4.3 million euros ($4.7 million) in net income for the fourth quarter on sales that grew 47% to EUR159.4 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
McDonald’s Ice Cream Machine Hackers Say They Found the ‘Smoking Gun’ That Killed Their Startup
Technology

McDonald’s Ice Cream Machine Hackers Say They Found the ‘Smoking Gun’ That Killed Their Startup

A little over three years have passed since McDonald's sent out an email to thousands of its restaurant owners around the world that abruptly cut short the future of a three-person startup called Kytch—and with it, perhaps one of McDonald's best chances for fixing its famously out-of-order ice cream machines.Until then, Kytch had been selling McDonald's restaurant owners a popular internet-connected gadget designed to attach to their notoriously fragile and often broken soft-serve McFlurry dispensers, manufactured by McDonalds equipment partner Taylor. The Kytch device would essentially hack into the ice cream machine's internals, monitor its operations, and send diagnostic data over the internet to an owner or manager to help keep it running. But despite Kytch's efforts to solve the Gold...
Elon Musk’s New Monkey Death Claims Spur Fresh Demands for an SEC Investigation
Technology

Elon Musk’s New Monkey Death Claims Spur Fresh Demands for an SEC Investigation

In October 2018, a UC Davis veterinarian approved Animal 13 for use in a Neuralink experiment. She was six years old when she received her Neuralink implants. According to her pre-project physical exam and echocardiogram, Davis staff did not observe any medical abnormalities prior to her surgery, only noting that she had superficial scratches on her lips and minor lip trauma as part of a “suspect pair fight.”Beginning in November 2018, Animal 13 was regularly sedated with ketamine and hooked up to scientific instruments for “neuro recordings.” After one of these sessions the following month, Davis staff observed that the skin near the implants felt warm to the touch, the records show.Over the next three months, her implants became infected. She was euthanized in March 2019. Her autopsy no...
Extension Rounds Push Venture Capitalists to Collaborate
World

Extension Rounds Push Venture Capitalists to Collaborate

Dec. 12, 2023 6:00 am ET|WSJ ProVenture capitalists are leaning on relationships with their peers to pull off extension rounds—financing that can help safeguard a startup’s valuation during down markets.These deals often happen without standard fundraising pitches, meaning venture investors need to hash out terms among themselves. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The Next Chips to Transform EVs Could Be Made From Wood
World

The Next Chips to Transform EVs Could Be Made From Wood

Listen to article(2 minutes)ADELAIDE, Australia—Ivan Williams reckons he can help to break China’s dominance of a key ingredient of electric-vehicle batteries. To do so, he has been collecting wood chips from sawmills around the world.At a test plant in New Zealand’s picturesque Marlborough wine region, Williams and his team feed the wood chips into machines that turn out a form of synthetic graphite. He says the engineered material is as pure as synthetic graphite made from fossil fuels, which is mostly produced in China and can account for as much as half of the weight of a lithium-ion battery.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The Next Chips to Transform EVs Could Be Made From Wood
Money

The Next Chips to Transform EVs Could Be Made From Wood

Listen to article(2 minutes)ADELAIDE, Australia—Ivan Williams reckons he can help to break China’s dominance of a key ingredient of electric-vehicle batteries. To do so, he has been collecting wood chips from sawmills around the world.At a test plant in New Zealand’s picturesque Marlborough wine region, Williams and his team feed the wood chips into machines that turn out a form of synthetic graphite. He says the engineered material is as pure as synthetic graphite made from fossil fuels, which is mostly produced in China and can account for as much as half of the weight of a lithium-ion battery.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8