Iain Martin
@_IainMartin
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Senior Editor @Forbes. Formerly Storyful Asia Editor Send tips via Signal: iainmartin.11
London, England
Joined June 2009
Bhutan has confirmed it has quietly been running a bitcoin mining operation after @SarahNEmerson and I began digging into its secret investments in cryptocurrency earlier this month. Here's what we have learned 🧵 https://t.co/Tha3i4tM3L
forbes.com
The Himalayan kingdom confirmed it has been running a bitcoin mining operation as mystery surrounds the scale of its earlier cryptocurrency investments.
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Sources: Stockholm-based vibe coding startup Lovable is in talks to raise funding at a valuation of ~$6B, up from $1.8B in July when it raised a $200M Series A (@_iainmartin / Forbes) https://t.co/uqAODR9vDC
https://t.co/t3lFPJslct đź“« Subscribe:
techmeme.com
Iain Martin / Forbes: Sources: Stockholm-based vibe coding startup Lovable is in talks to raise funding at a valuation of ~$6B, up from $1.8B in July when it raised a $200M Series A
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Vibe Coding Startup Lovable In Talks To Raise At $6 Billion Valuation
forbes.com
The Stockholm-based startup that uses artificial intelligence to code apps and websites for its users is in talks to raise a new round at triple its last valuation from just four months ago.
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The three 22-year-old cofounders of Mercor became billionaires last month. Now workers say they canned an AI project that involved thousands of contractors, then offered to rehire workers at a lower hourly rate. https://t.co/hzpf5sywe7
forbes.com
Mercor allegedly canned an AI training project with thousands of contractors just weeks after hitting a $10 billion valuation.
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The World’s Youngest Self Made Billionaires Just Slashed These Workers Wages By A Third
forbes.com
Mercor allegedly canned an AI training project with thousands of contractors just weeks after hitting a $10 billion valuation.
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Pundit critics: “We need to disrupt orthodoxies!” BBC (just occasionally) runs some daring coverage Same critics: “no, not my orthodoxies!”
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The reaction to the Panorama edit has been nothing short of hysterical. Yes the BBC has some impartiality problems. But its biggest isn't the one you think. New writing from me. https://t.co/saEOb0m22S
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OpenAI Could Be Blowing As Much As $15 Million Per Day On Silly Sora Videos via @forbes
forbes.com
Some back-of-napkin math suggests OpenAI is spending more than a quarter of what it’s making to power the AI slop factory.
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The quote in here is unreal.
Military exchanges are now selling Trump-branded wine and cider. The relentless @Z_Everson gets the scoop. Again.
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Let me just get this straight: Hummingbird owned 16% of BillionToOne at IPO. That is an $800M stake. This was their first ever biotech deal. These guys just play another game!!
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Safety staff estimated that the company’s platforms were involved in a third of all successful scams in the U.S.
reuters.com
Meta projected 10% of its 2024 revenue would come from ads for scams and banned goods, and it internally estimates that its platforms show users 15 billion scam ads a day, company documents show.
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Despite the official company blog and coverage in industry outlets, it appears the deal never actually came to fruition. When approached for comment, CEO Jef Laurijssen wrote in an email: “Nscale does not own Kontena.”
sifted.eu
Data centre startup Nscale has enjoyed a meteoric rise, securing a prime position at the heart of the UK’s long-term AI strategy.Â
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Feels like a perfect night to post Roelof Botha’s 2005 YouTube memo to the Sequoia Investment Committee, made public as part of the Viacom/YouTube lawsuit One of the great pieces of business/investing writing and tech lore https://t.co/ys3VMg5IAc
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"Leone’s handover in 2022 was carefully choreographed as part of a two-year transition that was pegged to his 65th birthday. Botha at the time told Forbes that there was no fixed time limit on his tenure as Sequoia's senior steward..."
forbes.com
The two partners will take over as the venture capital fund’s “stewards” after Roelof Botha announced the end of his three year stint as the storied firm’s sole leader. All three are longtime...
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Midas Stalwarts Alfred Lin And Pat Grady To Helm Sequoia After Roelof Botha Steps Down via @forbes
forbes.com
The two partners will take over as the venture capital fund’s “stewards” after Roelof Botha announced the end of his three year stint as the storied firm’s sole leader. All three are longtime...
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$AMZN signs $38B compute deal with OpenAI. While so far its only $NVDA, “no comment” if Trainium will be used in the future.
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Since its creation, the Consumer Financial Protection Bureau has ordered companies to provide $20 billion in relief payments to 195 million consumers and to pay $5 billion in fines. The Trump Administration has brought nearly all of that activity to a halt
forbes.com
Russell Vought’s dismantling of the Consumer Financial Protection Bureau is putting the public at risk in areas ranging from auto loans and digital payments to credit cards and credit reports.
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It's mostly the oil though
abu dhabi’s secret? cheap energy + data centers + ai diffusion = ai leadership. @gzeromedia
https://t.co/nVku3VvSAw
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