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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…
Key trends in digital commerce, with the former Amazon exec leading Seattle’s newest unicorn
This week brought news of a big fundraising by e-commerce technology startup Fabric, a $140 million Series C round led by Softbank. With the deal, Fabric became the Seattle region’s newest unicorn startup, a privately held company valued at more than $1 billion, or about $1.5 billion in its case. Our guest on this week’s GeekWire Podcast is Fabric’s CEO, Faisal Masud a former executive with companies including Amazon, Alphabet, Groupon, Staples and eBay. We talked about the state of physical and online retail as we emerge from the pandemic, business to business commerce, the Amazon heritage on Fabric’s executive…
