Meta‘s chief artificial intelligence scientist Yann LeCun has spent much of the past week sparring with Elon Musk over the Tesla CEO’s treatment of scientists and news organizations, and for spreading false conspiracies on social media. “I like his cars (I own a 2015 S, and 2023 S), his rockets, his solar energy systems, and … Read more
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters Elon Musk claims he can grow Tesla into “a leader in AI & robotics,” an ambition that … Read more
Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, even after a 51% jump in operating profit. In an exclusive interview with CNBC, Johan Tjarnberg, CEO of Trustly, said that his firm still needs … Read more
DeepL CEO Jaroslaw “Jarek” Kutylowski. DeepL PARIS — DeepL, an artificial intelligence-powered translation platform, said Wednesday that it has raised $300 million in fresh funding, in a sign investors are still willing to invest major sums into the AI space. The deal, led by venture capital firm Index Ventures, boosts DeepL’s valuation to $2 billion. … Read more
Scale AI CEO Alex Wang, left. Scale AI Artificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation. The San Francisco-based company, ranked No. 12 on this year’s CNBC Disruptor 50 list, has now … Read more
In college, Edward Tirtanata had a brewing love for coffee, so much so that he’d order “one huge cup” every day from either Dunkin’ Donuts or 7-Eleven. Today, the 35-year-old CEO and co-founder of venture-backed unicorn coffee company Kopi Kenangan, still has his cup of joe daily — except that he’s upgraded it to three … Read more
Shailendra Singh, managing director of Peak XV Partners. Lionel Ng | Bloomberg | Getty Images India offers a “very favorable” environment for companies to launch initial public offerings, said Shailendra Singh, managing director at Peak XV Partners, formerly Sequoia Capital India & Southeast Asia. “My general view is, especially in Indian public markets, the regulatory … Read more
Shailendra Singh. Lionel Ng | Bloomberg | Getty Images China will remain an important market for investors in the long term, even if other countries are now benefiting from investments flowing out of China amid escalating tensions with the U.S., according to Peak XV Partners, formerly Sequoia Capital India and Southeast Asia. “The China Plus … Read more
Welcome to Disruptor 50 in the age of AI. A whopping 34 of the 50 companies on our twelfth annual CNBC Disruptor 50 list claim that artificial intelligence is “critical” to their businesses. These include companies in industries ranging from cybersecurity to agriculture. Thirteen of the 2024 Disruptors call themselves “generative AI companies,” including five … Read more
It’s fair to say that AI is all over the 12th annual CNBC Disruptor 50 list. Roughly two-thirds of the 50 companies making the Disruptor 50 list describe artificial intelligence as “critical” to their businesses. And it starts at the very top: for the first time ever, a company repeats as the list ‘s No. … Read more
