Facts
- HQ
- None
- Sectors
- Artificial Intelligence, AI Research
- Founded
- 2015
- Stage
- private
Is AI a Bubble? What PitchBook's Head of Research Sees in the Data
Recorded live at Seattle Tech Week, this episode of Founded & Funded brings together two people who track the AI capital markets from different vantage points: Pitchbook EVP of Research & Market Intelligence Nizar Tarhuni, and Madrona Partner Sabrina Albert. These two dig into where AI venture capital is actually landing across the model, infrastructure, and application layers, why AI "harnesses" are becoming a winner-takes-most category, and where vertical AI applications may hold an edge that horizontal platforms can't match. They also cover PitchBook's VC Exit Predictor, the new normal for AI seed valuations, and the tranche-financing structures Nizar says…
'Lean Startup' author Eric Ries calls for a shift to 'mission primacy' in new book 'Incorruptible'
On this special episode, Eric Ries, author of the 2011 bestseller "The Lean Startup," discusses his new book, "Incorruptible: Why Good Companies Go Bad and How Great Companies Stay Great." Ries explains why he's redefining profit as the maximization of human flourishing, reveals his role advising Anthropic's founders on their corporate structure, and makes the case that the era of shareholder primacy is already over. He also discusses the fall of Whole Foods, the Musk v. OpenAI trial, and why he believes mission-controlled companies dramatically outperform. GeekWire's Todd Bishop recorded this conversation with Ries after interviewing him on stage at…
What we learned about Microsoft in the OpenAI trial, and is Seattle squandering its edge?
This week: As the Musk v. OpenAI trial heads to the jury, we dig into what Microsoft's internal board memos and executive testimony revealed about the origins of the company's massive bet on AI, and why this case matters beyond the billionaire drama. Plus, Howard Schultz, a former Washington governor, and the tech community weigh in on whether Seattle is squandering its edge as an innovation capital. And Todd owes John and the United Kingdom an apology. RELATED STORIES AND LINKS Microsoft's CTO testifies about email at the heart of Elon Musk's allegations against the tech giant OpenAI CEO Sam…
Elon takes the stand, Big Tech drops big numbers, and a small VC gets in on a billion-dollar deal
This week on the show: Todd reports from inside the Oakland federal courthouse where Elon Musk is suing OpenAI, Sam Altman, and Microsoft, with jury selection revealing just how hard it is to find anyone neutral about Musk these days. Meanwhile, Microsoft and OpenAI restructured their partnership the same morning the trial began — and less than 24 hours later, OpenAI's models landed on Amazon's cloud. Then, Microsoft and Amazon both dropped blockbuster earnings, with Azure up 40%, AWS posting its fastest growth in 15 quarters, and the two companies combining for nearly $400 billion in capital spending this year…
Rec Room shutdown, robot umps, FedEx meets Amazon, and OpenAI's odd media buy
This week: Rec Room, the Seattle-based social gaming platform once valued at $3.5 billion, is shutting down — and Snap is picking up some of the pieces. Todd talks about what it was like fielding calls from distraught users on the night of the announcement. John offers his thoughts on what the shutdown says about the VR hype cycle, and whether everyone betting on the AI boom should take notes. Plus: Major League Baseball's new automated ball-strike system is already exposing umpires and creating a whole new kind of showboating — including one player who was so confident the robot…
GeekWire AI summit takeaways: Token budgets, watermelon metrics, and the $5k weekend coder
Fresh off the big GeekWire AI summit this week, Todd and John unpack what they heard from Microsoft EVP Charles Lamanna, OpenAI applications CTO Vijaye Raji, and other speakers at the Agents of Transformation event in Seattle, presented by Accenture. The big thread: the economics of AI, from token budgets becoming a hiring negotiation point to startups running on subsidized credits that may not last. Plus, a startup founder whose engineer burned through $5,000 in AI tokens over a single weekend of vibe coding, OpenAI shutting down Sora amid $15 million-a-day processing costs, and why one panelist says the metrics…
Anthropic acquires Vercept, the AI job crisis scenario, and Microsoft's past Epstein connections
Anthropic acquired Seattle startup Vercept on Wednesday, raising familiar questions about the impact of early exits on the broader Seattle startup ecosystem, and the question of whether AI startups can compete long-term against the giants of the field. We dig into the deal, the public feud between two of the company's early investors on LinkedIn, and why one co-founder's prior departure to Meta may have been worth more than the entire acquisition. Plus, a new research paper envisions a 2028 "global intelligence crisis" driven by AI-fueled white collar job losses, and we're already seeing early signs in the news. Then…
Amazon's big bet, a 'MySpace for bots', and a conversation with AI veteran Oren Etzioni
Upcoming GeekWire Podcast Live Event: Join us from 4 p.m. to 6 p.m. Thursday, Feb 12 at Fremont Brewing for a live recording of the GeekWire Podcast with Todd Bishop and John Cook. Free for Fremont Chamber members, $15 otherwise. Register here. This week on the show: Andy Jassy tells Wall Street that Amazon is planning $200 billion in capital expenses this year, mostly to build out AI infrastructure, and investors give it a thumbs down. Microsoft's financial results beat expectations but the company loses $357 billion in market value in a single day after investors learn the extent of…
Microsoft's private OpenAI emails and Satya Nadella’s new AI catchphrase
Newly unsealed court documents reveal the behind-the-scenes history of Microsoft and OpenAI · including a surprise: Amazon Web Services was the Silicon Valley AI lab's original partner. Plus, Microsoft CEO Satya Nadella debuts a new AI catchphrase at Davos, startup CEO Dave Clark gets attention for his "wildly productive weekend," Elon Musk talks aliens, and the latest on physical AI startups in the Pacific Northwest, including Overland AI and AIM Intelligent Machines. With GeekWire co-founders John Cook and Todd Bishop; edited by Curt Milton. See omnystudio.com/listener for privacy information.
Seattle’s tech paradox: Amazon's layoffs and the AI boom — or is it a bubble?
Why is Amazon laying off 14,000 people during a massive AI boom? Todd and John analyze the Seattle tech paradox, digging into Andy Jassy's 'startup' reasoning and debating whether the AI frenzy is a bubble. Then, they take on the Cascadia high-speed rail: a necessary connector or a misguided project? Related headlines from the week Amazon layoffs Amazon confirms 14,000 job cuts, says push for ‘efficiency gains’ will continue into 2026 A tale of two Seattles in the age of AI: Harsh realities and new hope for the tech community Filing: Amazon cuts more than 2,300 jobs in Washington state…
OpenAI's big Seattle deal; Steve Ballmer under NBA scrutiny; the irony in Google's antitrust case
This week on the GeekWire Podcast: Former Microsoft CEO Steve Ballmer and his NBA team, the Clippers, face scrutiny over an alleged salary-cap dodge tied to star Kawhi Leonard. We unpack the report and Ballmer’s emphatic denial, while reflecting on his history in tech and sports. Also: OpenAI's surprise $1.1 billion acquisition of Seattle startup Statsig, and what it says about the AI talent wars. Plus, the ironic role of Microsoft’s own antitrust past in the landmark ruling against Google’s search monopoly this week. Seattle journalist, radio host and bar owner Mike Lewis joins GeekWire's Todd Bishop for this episode…
Building Biotech in Seattle: Madrona Investor Spotlight with Joe Horsman
What happens when a scientist becomes a VC? We sat down with Madrona's Joe Horsman to find out. In this episode, Joe shares his journey from late nights in the lab to helping biotech founders bring life-changing science to market. You'll hear: Why Seattle's biotech + AI ecosystem is heating up What founders need beyond funding to commercialize world-changing science. Why weekend adventures fuel Monday creativity
Stargate, OpenAI and Microsoft; BlueSky in Seattle; and Madrona's big new funds
This week, we delve into the Project Stargate announcement by OpenAI, Oracle and Softbank, in conjunction with President Trump, and assess the implications for OpenAi's relationship with Microsoft. We explain what Microsoft CEO Satya Nadella really meant with his CNBC zinger about the Stargate investment, and consider how Elon Musk's involvement in the new administration could play out in the tech industry. PLUS, we discuss Madrona's big new funds and the potential impact on startup activity in the Pacific NW, and find a revealing piece of Microsoft history on an old CD-ROM. Related stories: Microsoft and OpenAI tweak the terms…
Microsoft, Amazon, AI, the economy, and another bad tech ad
This week on the GeekWire Podcast, we take a closer look at the earnings reports from Microsoft and Amazon this week, as a litmus test for artificial intelligence demand and the state of the economy. We also consider the implications of Boeing's new CEO being based in the Seattle region, discuss a new AI tool that aims to streamline marketing tasks, and weigh in on the backlash to Google's Olympics ad for its Gemini AI chatbot Microsoft capital spending soars to $19B, betting big on AI, as Azure growth underwhelms Wall Street Amazon sales come up short, profits nearly double…
AI, VC, and the next big opportunity in tech, with 'Startup Project' host Nataraj Sindam
As the creator and host of the "Startup Project" podcast, Seattle-area tech senior product manager Nataraj Sindam talks with a wide range of investors and entrepreneurs, contributing to his broad perspective on the future of artificial intelligence, investing, startups, and business technology. He's also author of the Above Average email newsletter, and venture partner with Incisive Ventures. Our topics this week include: The opportunity to apply the power of large language models and generative AI to the larger world of business-to-business applications, including services tailored to workflows in specific industry verticals. How AI will drive a massive increase in data…
Inside the GeekWire Awards: What's next for AI, the economy, and startups
This week, we go inside the GeekWire Awards, our annual recognition of the top people, companies and innovations in Seattle and the Pacific Northwest, which drew a sold-out crowd to the Showbox Sodo on Thursday May 9 in Seattle. We talk with finalists about AI, the economy and key trends in their industries, and we hear from some of the winners on stage during the program. RELATED Photos: Inside the GeekWire Awards, with the big winners, musical numbers and surprise guests GeekWire Awards 2024 revealed: Winners bask in momentum of AI and potential of region See omnystudio.com/listener for privacy information.
AI's transparency problem: Tech leaders advocate for new insights into training data
Artificial intelligence is a powerful technology that promises to reshape the future, but it also poses many risks. One of the most pressing issues is the lack of regulation and oversight of the data used to train AI models. A new nonprofit, the Seattle-based Transparency Coalition (transparencycoalition.ai) aims to address this issue. The co-founders of the group, veteran startup founders and technology leaders Rob Eleveld and Jai Jaisimha, join us on this episode of the GeekWire Podcast to discuss their reasons for starting the organization, and their goals to help shape emerging legislation and public policy in this area. With…
OpenAI's Sora, a new Amazon book, and 5 days a week in the office
This week on the GeekWire Podcast, stick around to the end for a late-breaking addition to the show — a bonus segment about OpenAI's new AI video generation technology Sora. Joining the show is Rahul Sood, CEO and co-founder of Irreverent Labs, a Seattle-area startup that is working on AI to turn images and text into video. We also discuss the Seattle-area startups that are bringing employees into the office five days a week; look ahead to the upcoming release of what appears to be a juicy Amazon book, due out in April; and preview the GeekWire Awards in advance…
Navigating the Dynamics of Startup Boards: Managing Disagreements & Effective Governance
In this episode, Madrona Managing Director S. Somasegar and General Counsel Joanna Black discuss the fundamental role of a board in a startup's growth and development. They touch upon the importance of aligning strategic views with board members, managing disagreements, and effective governance to ensure that the organization is run efficiently. The duo offers numerous insights into the intricacies of board structure at different stages of a startup lifecycle, drawing parallels from recent events at OpenAI. The conversation covers the need for transparency, both in sharing good and bad news, and the necessity for a functional board reflecting a functional…
What's next for Microsoft and OpenAI; Amazon car sales; disappearing unicorns
This week on the GeekWire Podcast, we assess the outcome of the drama at OpenAI, considering what the removal and ultimate return of its CEO Sam Altman, and everything that happened in between, means for Microsoft. While Microsoft CEO Satya Nadella earned kudos for masterfully navigating the mess, the situation also showed how the company was vulnerable to being blindsided due to OpenAI's convoluted structure. And while for-profit interests are likely to get more influence on OpenAI's reformulated board, it's not yet clear if Microsoft will end up with a seat on that board, leaving the ultimate outcome for Microsoft…
Statsig Founder Vijaye Raji on Product Building, Launching a Startup, and AI
Today, Madrona Managing Director S. Somasegar talks with Statsig founder and CEO Vijaye Raji, who spent 20 years at Microsoft and Facebook before launching Statsig as a way to bring the powerful tools he was used to using inside Facebook to all builders. Statsig experimentation platform and automated AB testing helps companies make product decisions in a data-driven way at scale, which means shipping the right products faster. Vijaye and Soma go way back and take a little trip down memory lane, talking about Microsoft's Small Basic. But then they dive into what it's like transitioning from big tech to…
Building an 'AI chief of staff,' with Xembly CEO Pete Christothoulou
How can startups differentiate themselves in the new era of AI? We've been discussing that question a lot recently on the GeekWire Podcast, and on this episode, we'll get a first-hand look from business and technology veteran Pete Christothoulou, who has been immersed in this world for many years. Christothoulou is the former CEO of Marchex, the call and conversational analytics company, who is now founder and CEO of Xembly, a Seattle-based startup developing AI-powered technology that replicates a chief of staff and executive assistant, automating tasks such as meeting notes, scheduling, and action items. Xembly was founded in Madrona…
Amazon's AI strategy, how AI startups can stand out, and hope for AI and humanity
This week on the GeekWire Podcast, we look at how Amazon is positioning itself in the emerging era of generative artificial intelligence. We play and assess clips of Amazon CEO Andy Jassy explaining the company's AI strategy on its earnings call this week. We also discuss the history of AI usage by startups, and consider advice from investors and startup leaders at Seattle Tech Week for emerging tech companies looking to stand out with their own AI applications and solutions. And finally, we reconsider our approach to interacting with machines and contemplate the possibility of artificial intelligence reflecting not just…
Drones and the future of public safety, with Brinc CEO Blake Resnick
Blake Resnick built a fusion reactor in his garage at age 14, and interned at McLaren Automotive, Tesla, and DJI, before dropping out of Northwestern University in 2017 to launch drone startup Brinc. Now, at age 23, he oversees a team of nearly 100 people making drones and other technology for public safety agencies, serving more than 400 customers. On this episode of the GeekWire Podcast, recorded on-location at the company's headquarters in Seattle's Fremont neighborhood, Resnick talks about Brinc’s origins, its move from Las Vegas to Seattle, the upcoming release of its Lemur 2 drone, his recent White House…
Microsoft, OpenAI, and startups, with Neo CEO Ali Partovi
This week on the GeekWire Podcast, we're joined by Ali Partovi, a technology investor, entrepreneur, and mentor who is the CEO of Neo, a startup accelerator, mentorship community, and venture firm. Neo's accelerator this week announced a new AI track, working in collaboration with OpenAI and Microsoft to help startups build businesses on newly emerging artificial intelligence capabilities. Partovi, who grew up in Tehran during the Iran-Iraq war, sold his startup LinkExchange to Microsoft in 1998, was an early investor in companies including Airbnb, Dropbox, Facebook, and Uber, and 10 years ago co-founded Code.org with his twin brother Hadi Partovi…
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Vijaye Raji Executive, CTO of Applications
