Cloud spending: CIOs project much more

When it comes to cloud growth, it’s probably safe to say that the sky isn’t falling, even though revenue growth rates have been. We’ve seen the aggregate public cloud revenue growth decline from 32% in Q1 last year to 19% this year. That’s a pretty steep drop-off, and it shows that the cloud has run…

OpenAI closes $300M share sale at $27B-29B valuation

Updated to note that the Microsoft investment closed in January. The money from VCs reported here, part of a tender offer, is separate to that. OpenAI, the startup behind the widely used conversational AI model ChatGPT, has picked up new backers, TechCrunch has learned. VC firms including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and…

Battle of two marketing companies

It isn’t often that startup rivals battle in plain view of others, but such is the case with the mobile messaging services provider Postscript, which took to the Twitterverse earlier this month after receiving a cease-and-desist letter from competitor Attentive. Attentive’s letter was in response to a client case study that Postscript had authored and…