Krystal Hu
Stories by Krystal Hu
ChatGPT’s runaway growth shows first decline in traffic since launch
Worldwide desktop and mobile traffic to the ChatGPT website decreased by 9.7% in June from May.
DST Global Partners backs AI model startup Reka’s $50m funding
Reka was reportedly valued at $300m in the deal.
Sequoia Capital makes first defence tech investment in US firm
Defence startup Mach Industries has raised $5.7m in a seed round led by the VC giant.
SoftBank prepares new round of layoffs at Vision Fund
The layoffs may impact up to 30% of its staff at the unit.
Ex-Google researchers’ AI startup Cohere raises funds from Nvidia, Oracle
Cohere competes with Microsoft-backed OpenAI.
Fast-fashion giant Shein plans Mexico factory
Shein has come under fire in India, Brazil and the US for its supply-chain links to China
SoftBank exploring private credit strategy for late-stage tech startups
The fund aims to offer liquidity options to tech startups
Shopify divests logistics arm to Flexport in strategic reversal
It has sold Deliverr to freight forwarder Flexport in an all-stock deal.
Data startup Cybersyn raises $63m from Snowflake, Sequoia Capital, others
The startup is also working on identifying and partnering with proprietary data sources.
Databricks unveils open-source chatbot as cheaper ChatGPT alternative
OpenAI charges business for access to its models for their own applications.
