Sean Parker News
26.06 / 02:29
markets
UPS
Provident
Reuters
NVIDIA
reports
Nvidia share price jumps 7%, bounces back after $430 billion market dip
Read here: Nvidia stock rebounds, lifts Nasdaq higherLast week, Nvidia briefly became the world’s most valuable company, surpassing the market value of Microsoft. The company has positioned itself as the dominant provider of chips to support artificial intelligence applications and have made it emblematic of this year’s tech-driven boom in US stocks.Nvidia stock price is up 154% this year and has accounted for nearly 30% of the S&P 500’s year-to-date return as of Monday’s close, according to S&P Dow Jones Indices, Reuters reported.
26.06 / 16:07
Digital
Google
CEO
film
President
AI image-generator startup Stability AI looks for reshoot with new CEO and investor group
The troubled artificial intelligence company behind image-generator Stable Diffusion is looking for a reshoot with a new CEO and a surge of investment from a group that includes former top executives at Facebook and Google
25.06 / 16:21
Provident
Google
CEO
economy
wellness
Bill
President
Tech investor Sean Parker leads rescue of struggling AI startup
Investors including ex-Facebook President Sean Parker are committing $80 million to take over Stability AI, an image-generation startup that took off with the artificial-intelligence boom but quickly ran into business problems. The investment group, which includes former Google Chief Executive Officer Eric Schmidt and early backers of London-based Stability, has struck a deal with suppliers to forgive some $100 million owed by Stability, according to people with knowledge of the arrangement. The investors also negotiated for the startup to be released from $300 million in future obligations, largely meant to go to cloud computing providers.
19.01 / 13:19
UPS
Digital
JPMorgan’s head of digital assets: ‘We’re in the Napster age of crypto’
Make no mistake, crypto is here to stay. That’s according to Umar Farooq, chief executive of JPMorgan’s digital-assets unit Onyx, who says the trickier question is how the digital currency space ends up evolving beyond the zigzag nature of development we have seen so far.
17.01 / 14:33
UPS
Digital
JPMorgan’s head of digital assets: ‘We’re in the Napster age of crypto’
Make no mistake, crypto is here to stay. That’s according to Umar Farooq, chief executive of JPMorgan’s digital-assets unit Onyx, who says the trickier question is how the digital currency space ends up evolving beyond the zigzag nature of development we have seen so far.
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