Airbnb’s CEO says nobody builds AI for normal people. He is on Y Combinator’s board
Artificial Intelligence
Databricks Closes $5 Billion Round at $190 Billion Valuation
Artificial Intelligence
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BUSINESS
Canva’s backers cut $7.1bn from its valuation, and its own valuer cut more
Blackbird and Airtree have cut the Canva valuation by $7.1bn, and Canva's own internal mark has fallen further still. Both moves follow a revenue downgrade the company blames on the soaring cost of running frontier models.
AMAZON
Joshua Kushner’s Thrive Capital Discloses $215 Million Amazon Stake
A $215mn Amazon position turns a venture firm's most valuable private bet into something it can sell on any given morning
ARTIFICIAL INTELLIGENCE
Target appoints its first chief AI officer as retailers scale up AI spending
Chandhu Nair joins from Lowe's on August 24, into a job that barely existed two years ago and now sits in three quarters of large organisations
ARTIFICIAL INTELLIGENCE
Pipeline for $165 Billion Oracle Data Center Delayed to Next Year
New Mexico's land commissioner has refused the Green Chile route twice, pushing the gas supply for Oracle's Project Jupiter back by nearly six months
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