Tootfinder

A look at the rise and fall of Emad Mostaque and Stability AI, including how Mostaque's relationship with Coatue and Lightspeed blossomed and fell apart (Fortune)
https://fortune.com/2024/03/27/inside-stability-ai-em…

Inside the rise and fall of AI’s open source king and his $1 billion startup—and the bad breakup with key investors Coatue and Lightspeed
Stability AI, led by CEO Emad Mostaque, emerged as one of the first high-flying startups in the generative AI boom, garnering a $1 billion seed valuation. Within months the relationship with investors broke down and spurred a campaign to oust Mostaque, who resigned on Saturday.

Come on. This push to summarize all webpages and written content with #AI is ridiculous.
See this example from #Arc Search - in what world is this an adequate summary for an 8,000 word article that takes 43 minutes to read?
The amount of detail, specificity, narrative, and actual arguments that get lo…

Filing: Swiggy, which has a ~45.8% share of the Indian food delivery market, secures shareholder approval for a potential $1.25B IPO, slated for later this year (Manish Singh/TechCrunch)
https://techcrunch.com/2024/04/24/india-swigg…

Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval | TechCrunch
Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, the Indian food delivery and instant Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, the Indian food delivery and instant commerce startup said.

President Joe Biden to visit Syracuse following $6.1 billion Micron grant news (Emma Misiaszek/WSTM)
https://cnycentral.com/news/local/president-joe-biden-to-visit-syracuse-following-61-billion-micron-grant-news-administration-chips-and-science-act-clay-new-york-mega-fab-site-chip-fabrication
http://www.memeorandum.com/240422/p69#a240422p69

Mouth stuck open!!
“A recent BI analysis of regulatory filings found that Meta has lost a cumulative $47 billion in its metaverse-focused Reality Labs division since 2019.”
https://www.businessinsider.com/meta-apple…

Meta is hoping Apple's Vision Pro can help save the metaverse
As Apple prepares to launch the Vision Pro, Meta appears to be welcoming its arrival, rather than seeing it as a threat.

In Reddit's S-1, Steve Huffman offers a look at the site's beginnings without naming cofounder Alexis Ohanian, reflecting their schism during the BLM protests (Paresh Dave/Wired)
https://www.wired.com/story/reddit-ipo-filing-s-1-cofounde…

Reddit’s IPO Filing Is Missing Something: Cofounder Alexis Ohanian
Only one of Reddit's two cofounders is named in a new filing that puts the company weeks away from going public. Alexis Ohanian and Steve Huffman, now CEO, fell out in 2020.

In Reddit's S-1, Steve Huffman offers a look at the site's beginnings without naming cofounder Alexis Ohanian, reflecting their schism during the BLM protests (Paresh Dave/Wired)
https://www.wired.com/story/reddit-ipo-filing-s-1-cofounde…

Reddit’s IPO Filing Is Missing Something: Cofounder Alexis Ohanian
Only one of Reddit's two cofounders is named in a new filing that puts the company weeks away from going public. Alexis Ohanian and Steve Huffman, now CEO, fell out in 2020.

Filing: Alibaba calls off a Hong Kong IPO for its Cainiao logistics arm, and now plans to buy out all remaining stock held by investors and employees for $3.75B (Pei Li/Bloomberg)
https://www.bloomberg.com/news/articles/20

Alibaba Calls Off Cainiao’s IPO After Market Slump Worsens
Alibaba Group Holding Ltd. is calling off an initial public offering for its Cainiao logistics arm, shelving a much-anticipated debut that could have raised more than $1 billion.

Filmmakers, critics, and users detail why Prime Video failed in Africa; Amazon laid off staff and scaled back operations on the continent in January 2024 (Jesusegun Alagbe/Rest of World)
https://restofworld.org/2024/amazon-prime-video-africa-layoffs/

How Prime Video failed so spectacularly in Africa
Filmmakers, critics, and users blame the platform’s struggle in Africa on poor user experience, a lack of local content, and mediocre publicity.

Filmmakers, critics, and users detail why Prime Video failed in Africa; Amazon laid off staff and scaled back operations on the continent in January 2024 (Jesusegun Alagbe/Rest of World)
https://restofworld.org/2024/amazon-prime-video-africa-layoffs/

How Prime Video failed so spectacularly in Africa
Filmmakers, critics, and users blame the platform’s struggle in Africa on poor user experience, a lack of local content, and mediocre publicity.