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AI Startup ElevenLabs Launches Music Service
Bloomberg Technology· 2025-08-05 19:14
What is demand like. You're doing Voices. But what was the inbound.What scale are you seeing of companies wanting to create their own music. Caroline. Thanks for having me here.And so at 11 apps, we we are doing a audio research and product deployment and we are on the mission to be the voice of technology, build the most comprehensive audio platform in the world. And and now this includes 11 music, which we are extremely excited about because is something that so many customers came to our platform to crea ...
Joby to Buy Blade's Helicopter Ride-Share Business | Bloomberg Tech 8/4/2025
Bloomberg Technology· 2025-08-04 21:30
>> BLOOMBERG TAX IS LIVE FROM COAST-TO-COAST. WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. ED: THIS IS BLOOMBERG TECH.TESLA APPROVES A $30 BILLION STOCK AWARD TO ELON MUSK WITH THE BOARD SAYING A DEAL IS A DEAL. CAROLINE: JOBY AVIATION WILL PURCHASE THE BLADE HELICOPTER RIDE CHAIR BUSINESS. ED: ALL EYES ON PALANTIR, THE STOCKS SURGED MORE THAN 500%.CAROLINE: NOT QUITE 500% ON THE NASDAQ 100 BUT WE ARE UP ALMOST 1.5%, ALMOST ERASING LAST WEEK'S SELLOFF OVER THE COURSE OF THE WEEK. LAST WEEK ...
Women Are Making Up Larger Share of VC Decision Makers
Bloomberg Technology· 2025-08-04 20:54
I'm delighted to welcome to the show page. But that, of course, is the CEO of All Raise. It's a not for profit really helping support that success of female non-binary venture capitalists.You're out with your annual report and the data really shows that we are getting more decision makers, powerful people in positions of venture capitalism who are female and non-binary. That's right. And first, it's great to see you again, Caroline.I think we were together about a year ago talking about this annual report. ...
Top LLM Providers for Enterprises
Bloomberg Technology· 2025-08-04 20:17
Market Share & Competition - Anthropic leads in enterprise market share, with OpenAI following closely behind [1] - Anthropic accounts for approximately 32% of enterprise spending [2][9] - OpenAI dominates the consumer space, particularly with ChatGPT reaching 700 million weekly active users [3][5] Technology & Usage Trends - Closed source models are currently dominating usage compared to open source models [2] - Enterprises are seeking closed source solutions with programmatic access to large language model capabilities [9] - Token caching is expected to become a dominant method, increasing model efficiency over time [13] Enterprise Needs & Challenges - Enterprises require manageability, security, and observability for large language model products [7][8] - Running large language models requires significant supporting services and software [8] Market Growth & Investment - The market is still in its early stages, with significant growth expected in model spending over the next few years [9][10] - Spending more than doubled in the last six months, from 35 亿 (3.5 billion) to 84 亿 (8.4 billion) [11] Profitability & Cost - Gross margins for companies are expected to be respectable and increase over time [12] - Efficiency gains from models and their usage are anticipated to reduce the cost of running them [13][14]
AI Startups Struggle After Reverse Acquihires
Bloomberg Technology· 2025-08-04 20:06
You go back to some really tangible examples of a lot of people being left behind almost. How does that make them feel. If there was a many, many emotions from the employees that we've spoken to, but some of them were in tears, you know, after this was announced, because these are companies that they joined hoping that one day they would see a nice windfall.And that's not always the case when these so-called reverse IQ hires happen. Maybe like the most recent example that Caroline and I have experienced is ...
Apple Building ChatGPT Rival
Bloomberg Technology· 2025-08-04 19:57
I kept hearing about and through your reporting that like they didn't think the market was there for a chat. GPT like at all. So they integrated the tech industry.Now they've kind of changed tack a little bit. It's become very obvious that one of the biggest use cases for LGBT is search on my iPhone. For instance, I have one of the newer models of the action button on the side, and so whenever I need to search for something, I don't go to Safari and go to Google or the Google search app.I click my action bu ...
Cyber Firm Armis Aims for 2026 IPO
Bloomberg Technology· 2025-08-04 19:31
Growth & Demand - Company has added over 100 million users in less than 12 months since reaching 200 million milestone [2] - Massive growth and demand are being experienced [1][2] - Continued geopolitical tensions and attacks on critical infrastructure are contributing to increased demand in cyber security [2][3] Market Position & Strategy - Company protects 40% of the Fortune 10 companies [2] - Customers desire fewer platforms (5-10) instead of 70+ point solutions for critical environment protection [4][5] - Company is focusing on integrating acquired companies, but continues to consider build, buy, or partner strategies [7] - Company aims to add two more products this year to complete a seven-product platform [7] - Company is taking market share from competitors like Palo Alto Networks, Microsoft, and Tenable [10] Financial Goals & Future Plans - Company aims for $1 billion in ARR (Annual Recurring Revenue) as a milestone in the next three years [8][11] - IPO is a potential goal, possibly as soon as next year (2026), to maximize shareholder and employee value [8][11]
Tech Market IPO Opens
Bloomberg Technology· 2025-08-04 19:26
IPO Market Dynamics - The IPO market is open for quality companies with strong fundamentals, profitability, and a compelling growth story, especially those incorporating AI [1][2][10] - Retail investor demand is increasingly important for IPO success, but is often not adequately factored into the traditional road show process [4][5] - A significant first-day price surge, such as 250%, may indicate an issue with IPO pricing and pent-up demand [3][6] - Individual investors participating in IPOs face risks due to potential stock normalization over time [9] Company Specifics & Trends - Figma's potential IPO was highly anticipated due to its strong growth (50%+ year-over-year), profitability, AI integration, and brand strength [1] - The failed Adobe acquisition actually helped build Figma's brand [2] - Crypto is a popular sector among investors, ranking as the number six most popular in Q2, with tailwinds from successful IPOs like Circle, crypto-friendly administrations, and major institutions launching stablecoins [15] - Crypto is the number two narrative after AI for companies preparing to IPO [16] Pre-IPO Considerations - Companies preparing for IPO are expected to have been preparing for a long time, with many unicorn companies being 10-15 years old [11] - Pre-IPO companies are increasingly exposed to narratives like Bitcoin, which appeal to retail investors [14]
BMW Takes Aim at Tesla Market Share
Bloomberg Technology· 2025-08-04 19:20
The first variant or model of this new class is the IX3. So many people get frustrated on this program when we talk about a company going after Tesla. Tesla killers.But in the ix3, BMW does see potential to claw back a bit of market share. Stefan. Yeah, absolutely.And, you know, back in the day when Tesla came out with the model three BMW actually lost a lot of drivers to Tesla. So so BMW CEO Oliver Zips is now confident that BMW can win those people back. And you know, the new SUV will be unveiled in Septe ...
Tesla to Award Musk $30B in Stock
Bloomberg Technology· 2025-08-04 19:18
Executive Compensation & Corporate Governance - The central issue revolves around Elon Musk's 2018 pay package and the necessity of retaining his focus on Tesla [1] - Concerns exist regarding Musk's divided attention, stemming from ventures like his involvement in Washington, D C and other AI companies, potentially distracting him from Tesla [1][2][3] - The board argues Musk is crucial for attracting and retaining talent within Tesla [4] - A key debate questions the justification of a $30 billion check to Musk, especially considering perceived underperformance and a low strike price of approximately $23 per share, while the current price is over $300 [6] Market Performance & Shareholder Concerns - Tesla's stock experienced significant growth in 2020, marking a prosperous period for shareholders [5] - Recent negative headlines, including a jury award in Florida and disappointing delivery numbers from China, have fueled shareholder concerns [5] - The proposed compensation package aims to incentivize Musk's continued dedication to Tesla, particularly amidst legal challenges to his 2018 compensation [3]