Fate of US venture capital in China teeters on uncertainty

On a weekday afternoon at Red Rock Coffee, the cafe known for spotting venture capitalists in Silicon Valley, one is likely to overhear a few conversations in Mandarin. With China reopening its borders this spring following three years of COVID-19 restrictions, managers of U.S. funds in the country have been flocking the Bay Area. While…

Startups should consider hiring fractional AI officers

Raphael Ouzan Contributor Raphael Ouzan is the founder and CEO of A.Team, a future-of-work company pioneering the world’s first AI-enabled team formation platform. More posts by this contributor A Developer’s Guide To The Wild West Of App Discovery The AI skills gap is real. A recent study from Randstad, the recruitment company, found that job…

Warren Buffett’s Berkshire Hathaway exits Paytm at a 40% loss

Berkshire Hathaway exited Paytm-parent firm One97 Communications Friday at a loss of about 40% on the high-profile investment it made more than five years ago. The Warren Buffett firm invested about $260 million in Paytm in 2018, acquiring a 3% stake in the financial services startup at a valuation of about $10 billion. The investment…

I’m trying so hard not to gush over Teenage Engineering’s latest gadget

Teenage Engineering’s new $300 groovebox has no business being this cute. That’s the whole point. The EP-133 K.O.II (we’ll just call it Knock Out II) is a combination drum machine, synthesizer and sampler. It’s a supersized upgrade to Teenage Engineer’s pint-sized PO-33 K.O., which offers many of the same features for a fraction of the price….

US chip export ban is hurting China’s AI startups, not so much the giants yet

Well before Washington banned Nvidia’s exports of high-performance graphic processing units to China, the country’s tech giants had been hoarding them in anticipation of an escalating tech war between the two nations. Baidu, one of the tech firms building China’s counterparts to OpenAI, has secured enough AI chips to keep training its ChatGPT equivalent Ernie…

Proton Drive encrypted cloud storage service arrives on Mac

Swiss privacy-focused company Proton has launched its end-to-end encrypted (E2EE) cloud storage service for Mac users, four months after it landed on Windows. Founded some nine years ago, Proton was originally focused on its flagship Gmail alternative called Proton Mail, but the company has expanded its horizons into VPNs, a password manager, calendar and, indeed, cloud storage….

Instagram now allows anyone to download public Reels

Instagram head Adam Mosseri said Wednesday that the app now allows all users across the world to download public Reels to their devices. Prior to this rollout, you could only save Reels to the Instagram app for viewing them later. Mosseri said on his broadcast channel on Instagram that downloaded Reels will have an Instagram…