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Alex Heath

Alex Heath

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    More From Alex Heath

    Why investors don’t mind that AI is a money pit

    AI investment is massive even though AI profits are not. How are investors justifying this pricey gamble on the future?

    Alex Heath
    Alex Heath
    Alex Heath
    Sundar Pichai says he hasn’t discussed Google’s antitrust case with Trump.

    Here at the The New York Times DealBook Summit, Google CEO Sundar Pichai was just asked if he has talked about the US government’s ongoing case to break up the company. He said his convos with the President-elect have had “nothing to do with ongoing litigation.”

    “He is very focused on American competitiveness,” Pichai said of Trump when asked by Andrew Ross Sorkin. “There are real areas where I think he’s thinking about making a difference. Hopefully, we can make progress there.”

    Alex Heath
    Alex Heath
    Sam Altman on Elon Musk and OpenAI’s relationship with Microsoft.

    I’m at The New York Times DealBook Summit, where OpenAI CEO Sam Altman recently got off stage with Andrew Ross Sorkin. Some highlights:

    - He doesn’t think Elon Musk will wield his new political power against business rivals: “It would go so deeply against the values I believe he holds very dear to himself.”

    - His disagreement with my view that OpenAI and Microsoft are in the process of breaking up: “I don’t think we’re disentangling.”

    Is AI hitting a wall?Is AI hitting a wall?
    Alex Heath
    Alex Heath
    Alex Heath
    Polymarket quietly raised more money before the FBI raided the CEO’s apartment.

    A new tidbit about the prediction markets startup from last week’s issue of Command Line:

    Coplan recently raised, but has yet to announce, a $30 million round of funding at a $350 million valuation. And in recent conversations with investors (a surprising number of whom passed on the round, which was less than Coplan hoped to raise), I’m told he was noncommittal about whether the company would work to get the Commodity Futures Trading Commission license it needs to operate in the US.