I assume, that this is the case for most free social networks, because they don't have the #VC pressure to fake as many #MAUs as possible?

Also Diaspora, #Movim, #Libervia…

Following the example of GitLab and other VC-funded open source companies, @element goes 'open source almost everything' with "Synapse Pro";

"Synapse itself remains open source, and Element will continue to develop it proactively, just as it has for the last 10 years ... Available under a commercial license, Synapse Pro will help fund and accelerate the continued open source development of Synapse for the benefit of all of Matrix."

element.io/blog/synapse-pro-sl…

#matrix #Element #funding #VC

Synapse Pro slashes costs for running nation-scale Matrix deployments

Synapse Pro is Element’s best practice Matrix homeserver. It transforms the performance and economics of huge public sector deployments.

^{Steve Loynes (Element Blog)}

I was just talking to a colleague about the AI bubble. These companies are in so deep they can't tell the truth. They are all lying about the efficacy, costs to consumers and most importantly how & when this tech works or doesn't.

Is there enough money on the line to kill over?

There's likely a trillion bucks of valuations across the industry. Billions in sunk costs, billions in c suite remuneration, billions in VC mgmt costs.

RIP Suchir

mercurynews.com/2024/12/13/ope…

#OpenAI #AI #VC #SuchirBalaji

OpenAI whistleblower found dead in San Francisco apartment

A former OpenAI researcher who raised concerns about the company is dead at 26.

^{Jakob Rodgers (The Mercury News)}

It’s the process I don’t trust because I know how venture capital works and I’m pretty sure you do too (at least I hope you do or you’re in for a rude shock. I don’t say that sarcastically either, I’ve actually met founders who didn’t know what they were giving up by taking VC.)

So, assuming you know how VC works, what’s the return on investment your investors expect for $8M? In other words, what’s the exit you promised them in exchange for $8M?

#ventureCapital #vc #penPot

OK, so I just got an email saying @penpot just got $8M in series A.

Last I raised concerns about their funding (mastodon.ar.al/@aral/107213277…), @diacritica assured me “you won't see any VC” (fosstodon.org/@diacritica/1072…)

Well, this sure looks like VC to me.

Folks investing $8M are going to want a billion-dollar exit. So who’s that exit going to be to (Adobe’s already full, is Google hungry for a design tool?) Or do they plan on going public?

#vc #ventureCapital #BigTech #exits #openSource #penPot

diacritica (@diacritica@fosstodon.org)

@aral@mastodon.ar.al @penpot I think I know what happened here? the "ventures" term misled you, which is understandable but if you take a look at our website kaleidos.net you won't see any VC.

^Fosstodon

Accused of Cheating by an Algorithm, and a Professor She Had Never Met

inkl.com/a/JJmvortMRAM

#ai #bias #racism #startups #vc #BigTech #computerSaysNo

Accused of Cheating by an Algorithm, and a Professor She Had Never Met

A Florida teenager taking a biology class at a community college got an upsetting note this year. A startup called…

^inkl

"And even though the internet is already mostly bots, we’re only just beginning to see the Bot Age take shape. According to the market-research firm CB Insights, more than a dozen venture-capital-backed bot startups raised their first round of funding last year."

- #AdrienneLaFrance, 2017

theatlantic.com/technology/arc…

#VC #VultureCapital #CBInsights #bots

The Internet Is Mostly Bots

More than half of web traffic comes from automated programs—many of them malicious.

^{Adrienne LaFrance (The Atlantic)}