Kate Clark
Senior Reporter at Bloomberg News
Following the money. Reporter @Bloomberg @Technology. Signal: kateclark.77
Articles
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1 month ago |
bloomberg.com | Katie Roof |Kate Clark
Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Katie Roof and Kate Clark report on the light at the end of the tunnel for Silicon Valley tech startups after a few recent successful debuts in the public markets. AI megaproject: OpenAI is helping G42, an AI company backed by the United Arab Emirates’ sovereign wealth fund, build a massive data center under its “Stargate” brand in Abu Dhabi.
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1 month ago |
bloomberg.com | Kate Clark |Shirin Ghaffary
Perplexity AI Inc., a startup building an artificial intelligence search engine to compete with Google, is in advanced discussions to raise a new round of funding at a $14 billion valuation — a jump from its most recent value but lower than it was initially targeting. Accel Partners is in talks to lead a $500 million investment in the startup, according to people familiar with the matter, who spoke on condition of anonymity to discuss private deliberations.
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1 month ago |
bloomberg.com | Kate Clark
Parker Conrad, chief executive officer of Rippling, during a Bloomberg Television interview in London, UK, on Tuesday, June 6, 2023. Conrad began building the employee management software maker after his 2016 resignation from Zenefits, another company once valued in the billions that made cloud-based software to help manage human resources departments. Photographer: Betty Laura Zapata/Bloomberg(Bloomberg) -- Multibillion-dollar human resources and payroll startups Rippling and Deel Inc.
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1 month ago |
bloomberg.com | Kate Clark
This article is for subscribers only. Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Kate Clark reports on a startup that helps struggling fellow startups shut down.
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1 month ago |
news.bloomberglaw.com | Kate Clark
Hasan Sukkar, founder and chief executive officer of the artificial intelligence startup 11x AI Inc., has stepped down, according to a LinkedIn post. He will transition to the role of non-executive chairman. Sukkar’s move follows a recent TechCrunch reportalleging the company claimed customers it didn’t have. Sukkar did not address those allegations in his Monday post, though he strongly denied them in separate post last month.
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RT @Katie_Roof: 20% of unicorns could die, said @RWong to me on stage at Bloomberg’s Tech conference. That would be hundreds of “billion do…
Scoop: OpenAI is leading an investment in Periodic Labs, the new company founded by its former vice president of research for post-training, Liam Fedus, valuing it at $1 billion. https://t.co/HMUTOWp4KE w/ @shiringhaffary
RT @Techmeme: Cursor maker Anysphere raised $900M led by Thrive at a $9.9B valuation, bringing its total funding to $1B+ and says its annua…