Sumaiya Balbale, Sequoia’s chief operating officer, told Forbes that the company is transitioning to a new strategy aimed at “offering more support in a scalable way, whether it’s peak times or not.” Getty Images Leading venture capital firm Sequoia fired seven members of its operations team last Friday. The decision affected about a third of … Read more
Tesla CEO Elon Musk said Friday that he plans to collaborate with the automaker on both the “silicon space” and “AI software” space for his newest venture, artificial intelligence startup xAI. During Friday’s live audio session on Twitter Spaces, Musk also said xAI will use Twitter data to train the “highly curious” artificial intelligence systems … Read more
Clément Delangue, CEO of Hugging Face, raises $4 billion in more capital. Levon Biss/The Forbes Collection The AI model startup is reviewing competing term sheets for a Series D round that sources say could raise at least $200 million at a $4 billion valuation. Hugging Face is launching a new round of funding that is … Read more
A Tesla Model Y is seen at a Tesla car lot in Austin, Texas on May 31, 2023. Brandon Bell | Getty Images A security researcher using the @GreentheOnly handle discovered a secret environment in Tesla vehicles, which can be activated by the company and allow a driver to take advantage of Tesla’s advanced driver … Read more