Tim Smith
@timmpsmith
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Freelance journalist. Previously news editor and AI reporter @siftedeu @FT.
London
Joined December 2011
One of my favourite interviews I've done: @Yaseenaslam381 of @ADCUnion on his historic legal battle with Uber. It's a real David and Goliath story of a struggle for better working conditions and, while he's made big steps, there's still a lot of work to do
sifted.eu
Yaseen Aslam’s fight with Uber isn’t just about fair pay, he's also working to support couriers who are the targets of racist abuse
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Scoop: @StabilityAI is still fundraising for its latest round, after raising $50m in June. Reuters reported that the company had raised $80m, but sources tell Sifted that the company is still on the hunt for additional cash. Read the detail here:
sifted.eu
It was previously reported that the London-based startup had secured $80m in financing from Lightspeed and Coatue.
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Scoop: Paris-based Mistral AI has closed a new funding round, at a valuation of €5.8bn with a new lead investor joining the company. w/ @daphneleprince Details here:
sifted.eu
The French startup last raised a €385m Series A just six months ago
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learn from the best!! (she is the best ⭐️)
🔍Next Tuesday, I'm running a financial investigations workshop in conjunction with @journoresources We'll look at: finding and using company records, navigating the confidentiality of documents, cultivating sources at companies + more Tickets here 👇 https://t.co/UzYmBzMtZJ
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Enjoyed sitting down with @Siftedeu's @timmpsmith for a chat about AI, investing and building @pluralplatform and @HelixNano. Thanks for the thoughtful questions and depth, Tim. Thanks also to the @SciGalleryLon for the delicious brunch. https://t.co/kBEYM8Ektv
sifted.eu
Carina Namih sits down with Sifted to talk AI, Silicon Valley, the state of European tech and how to do VC better.
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New: @StabilityAI AI makes a new round of layoffs, with one source telling Sifted that the redundancies are affecting all "non-essential" UK staff. The company has not yet commented. More detail here:
sifted.eu
The redundancies follow a period of turbulence at the company which has seen a number of high-profile exits.
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Suppliers to UK tech event CogX claim they are owed “tens of thousands” of pounds in unpaid fees for work they did for the company’s 2023 conference. CogX says it's committed to paying the suppliers and working tirelessly to bring in revenues to pay them. https://t.co/SdkzTTHKa4
sifted.eu
Suppliers to leading UK tech event CogX claim they are owed “tens of thousands” of pounds in unpaid fees for work they did.
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Loved speaking to the fab @madhumita29 about her book Code Dependent this morning. It's a very valuable set of accounts of how AI is affecting our lives, our communities and ultimately what makes us human. Go get the book and read it! Big thanks @FTI_SC for organising
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Scoop: @robrombach , one of two of the original developers of Stable Diffusion has quit Stability AI. Rombach leaving the company represents the departure of the person responsible for the tech that made the company famous:
sifted.eu
The researcher responsible for building the tech that made Stability AI famous is leaving the company, Sifted has learnt
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Fully agree. Kind of can't believe how bad this is? cc @ednewtonrex
If you're a tech executive the minimum you need is a good poker face when you're asked a question like "Is your model trained on YouTube data?"
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New: @StabilityAI has replaced its CTO, with @chrlaf taking over from Tom Mason, who had been in the job since July 2022. Former employees say leadership changes are contributing to a feeling that the company lacks strategic direction:
sifted.eu
Stability AI has a new chief technology officer as it continues to try and develop as well as commercialise generative AI products.
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Bit of an AI soap opera going on here. Nyonic CEO Dong Han tells Sifted his cofounders 'trust the company', despite four of them — @jsotterbach, @hansuz, @VanessaCann1 and Feiyu Xu — quitting over concerns about a refocus on China https://t.co/RJPhiu9xTs
sifted.eu
Departing members include OpenAI alum Johannes Otterbach and former managing director of the German AI Association Vanessa Cann.
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Stability AI's last fundraise came with big strings attached, Sifted has learnt. It means that the majority of its latest injection of cash can't be used to pay salaries, as much of the money is committed to be spent on lead investor Intel's hardware: https://t.co/MF4TecXtz2
sifted.eu
Stability AI was reported to have raised nearly $50m from Intel in late 2023, but the round came with significant strings attached
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New: Stability AI was reported to have raised nearly $50m from Intel in late 2023, but the round came with significant strings attached, sources tell Sifted https://t.co/MF4TecXtz2
sifted.eu
Stability AI was reported to have raised nearly $50m from Intel in late 2023, but the round came with significant strings attached
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While China is becoming increasingly isolated in the geopolitical technology arms race, one European nation appears to be leaving the door more open to its attempts at scientific collaboration — Spain. https://t.co/KS6F9tKRTZ
sifted.eu
Representatives of the state-owned Chinese Academy of Sciences attended a deeptech conference in Madrid this week.
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DN Capital’s Nenad Marovac has returned to work, following allegations about sexual harassment and workplace misconduct earlier this year. DN completed an externally-led investigation and says the findings “did not match” the claims published by Sifted. https://t.co/59FPVxDpOg
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Artificial companionship is a booming industry — with loneliness on the rise, new "AI girlfriend" startups are seeing a lot demand. I ask what this need for AI relationships says about society, and where it's taking us. ft. @rollocarpenter
https://t.co/0Q7vo1NEUW
sifted.eu
How Cleverbot, the AI companion behind Spike Jonze's movie Her, spawned a whole new industry of AI affection.
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Do you run a European startup? Are you planning on fundraising sometime in the next 2 years? Then we’d like to ask you a few questions about funding! It takes two minutes — and is totally anonymous. Thank you! https://t.co/nKTWP6hBue 🙏
ftx.typeform.com
Sifted is surveying European startups about fundraising in 2023 and 2024.
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Why is @StabilityAI changing its business model? I hear from the company, current and former customers and get some inside intel to try and give a picture of how the startup has changed over the past 12 months are raising that $101m Series A https://t.co/Ekh4TCpF6i
sifted.eu
Stability AI will charge commercial customers for the use of its most advanced models, pivoting away from open source.
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‘People will be forced to leave’ — founders react to new UK immigration rules The UK's tech scene could be hit hard by more attempts to curb immigration @karolihindriks @Jobbatical @getgigl
https://t.co/zbF1TwayH5
sifted.eu
The UK has announced new minimum salary requirements for workers from abroad and startups say the effects could be bad.
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Interesting to talk with @ednewtonrex to dig a bit deeper into his thoughts on GenAI and its impact on creatives, after leaving @StabilityAI "Now is when we need to figure out: ‘How do we make sure this doesn’t just suddenly decimate entire industries'" https://t.co/a7Xjom4ZPr
sifted.eu
When Ed Newton-Rex quit Stability AI he spelled out what's going wrong in generative AI. Now he tells Sifted how to fix it.
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