The oil-rich kingdom is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.
Category: Start-ups
In Silicon Valley, You Can Be Worth Billions and It’s Not Enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.
TikTok’s Origin Story: Court Files Show Role of GOP Megadonor Jeff Yass
Court records, mistakenly made public, tell a story about the birth of ByteDance, its bumpy road to success and the role of the Republican megadonor Jeff Yass’s firm.
Europe’s A.I. ‘Champion’ Sets Sights on Tech Giants in U.S.
Mistral, a French start-up considered a promising challenger to OpenAI and Google, is getting support from European leaders who want to protect the region’s culture and politics.
Reddit Rises 48% in First Day of Trading
The social media company’s debut on the New York Stock Exchange was one of the first major tech initial public offerings of the year.
Reddit’s Long, Rocky Road to an Initial Public Offering
The site, a throwback to an earlier era of social media, is poised to go public as soon as next week. It hasn’t been easy to reach this point.
How the A.I. That Drives ChatGPT Will Move Into the Physical World
Covariant, a robotics start-up, is designing technology that lets robots learn skills much like chatbots do.
He’s Not Just Looking to Make a Quick Billion
Marc Lore, the entrepreneur behind Diapers.com and Jet.com, would like to disrupt food delivery. But he really wants to build a brand that actually lasts.
Big American Tech Profits From Chinese Ad Spending Spree
Temu, Shein, and streaming and gaming apps looking to break into the U.S. market are spending huge sums to get their wares in front of American consumers.
China’s Rush to Dominate A.I. Comes With a Twist: It Depends on U.S. Technology
China’s tech firms were caught off guard by breakthroughs in generative artificial intelligence. Beijing’s regulations and a sagging economy aren’t helping.