In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices. Matthieu Hafemeister, an ex-fintech investor at […]
European cyber insurance startup Stoïk secures $27 million
Cyber risk has become an increasingly important issue for small companies around the world. While many companies try to avoid and mitigate cyber risks, they rarely discuss transferring those risks to a third party. That’s why Stoïk is stepping in with a cyber insurance product specifically designed for small and medium-sized businesses. The French startup […]
Nvidia, the AI chipmaker, just hit another record high
Nvidia shares hit a record high on Monday, closing at $ 138.07 as Wall Street anticipates earnings updates from Microsoft, Meta, Google and Amazon on their AI infrastructure spending. The stock’s climb has been stupefying — surging nearly 180% this year, following a rapid climb last year; it’s also a reflection of Nvidia’s renowned stronghold […]
OpenAI snatches up Microsoft generative AI research lead
Microsoft has lost an AI expert and OpenAI gained one, after the former’s VP of generative AI research Sebastian Bubeck left for the latter. The Information first reported the move, and Reuters also confirmed the departure with Microsoft. We know Bubeck as one of the main authors of papers describing Microsoft’s Phi models, a series […]
Former Product Hunt CEO Josh Buckley is looking to raise a fourth $250M fund
Josh Buckley, the former CEO of Product Hunt, is aiming to raise a fourth $ 250 million fund for his venture capital firm, Buckley Ventures, according to a regulatory filing. Buckley’s ambitions for this fund are significantly lower than for his previous one. He sought to raise a $ 500 million third fund in February, […]