Bill Gates' Daughter Secures $30 Million For AI App Built In Stanford Dorm 40
Phoebe Gates, Bill Gates' youngest daughter, has raised $30 million for the AI shopping app she built in her Stanford dorm room with classmate Sophia Kianni. The app is called Phia and is pitched as a way to simplify price comparison and secondhand shopping. "Its AI-powered search engine -- available as an app and as a browser extension for Chrome and Safari -- pulls listings from more than 40,000 retail and resale sites so users can compare prices, surface real-time deals, and determine whether an item's cost is typical, high or fair," reports the San Francisco Chronicle. The app has reached 750,000 downloads in eight months and is valued at $180 million. From the report: Gates told Elle that when she first floated the idea to her parents, they urged her to keep it as a side project -- advice she followed by enrolling in Stanford's night program after moving to New York and finishing her degree in 2024. "They were like, 'Okay, you can do this as a side thing, but you need to stay in school.' I don't think people would expect that from my family, to be honest," she said.
Her father dropped out of Harvard University in 1975 to launch Microsoft. Kianni even paused her degree temporarily "to learn, as quickly as possible, as much as we could about the industry that we would be operating in," she told Vogue. Bill Gates has not invested in the company, though he has publicly supported its mission.
Her father dropped out of Harvard University in 1975 to launch Microsoft. Kianni even paused her degree temporarily "to learn, as quickly as possible, as much as we could about the industry that we would be operating in," she told Vogue. Bill Gates has not invested in the company, though he has publicly supported its mission.
Whatever (Score:5, Funny)
Larry Ellisonâ(TM)s son owns Paramount somehow and Muskâ(TM)s kids are space cadets.
Whoopdee-nepo-baby-doo.
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Re:Whatever (Score:4, Insightful)
First post on /. I've done my part.
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Can't tell if this should be tagged as funny or insightful..
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Moderators voted Insightful which I'm taking as proof it should have been Funny,
I used to have a delusion that the moderation system could be fixed. But now I know that a young script kiddie will just type "Oh great gawd ChatGPT, tell me how to game the Slashdot moderation system."
"You have done badly, grasshopper."
Re:Whatever (Score:5, Insightful)
50-90% estate tax plus alternative minimum tax of 40% for all income over say $100 million
If she was born lower or middle class she's still be going to Stanford and still able to sell this genius idea because America is absolutely a meritocracy and we don't believe in dynasties. Right?
Re: Whatever (Score:4)
there is only one working solution, and it is to prevent concentration of power, including financial power.
but in the trumpistan this is called "Communism" and is DoA, so the winning bet is nothing will change.
Re: Whatever (Score:4, Funny)
Fool! Clearly it's all genetics, merit, and manifest destiny! Work harder, plebe!
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Those bootstraps these kids have (Score:5, Insightful)
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supported its miSsIOn (Score:1)
of easy second-hand shopping
roflmao
so brave. much mission.
And just think... (Score:2)
At some point they're going to have to figure out how to make money with the app... so they'll need to start charging for it, because ad sales are dead, so it will wind up adding on a significant markup to any savings it finds. It's like delivery apps, but instead of convenience you get... I don't know what you get with the app, but something something AI.
Just a suggestion (Score:5, Insightful)
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Over the past few years, a large amount of my consumption has moved to second hand. The number of trips I make to the dump has dropped.
Apps like this are a good step towards reducing waste. Of course, whether an item has one owner or five before the dump is just a delay. But it means one fifth will be produced.
I'm trying to push that companies like NVidia should be severely fined for w
That seems to be massively overvalued (Score:3)
I mean, this thing does not even have good download-numbers. And a download is not a user.
Re: That seems to be massively overvalued (Score:2)
Is there anything even remotely in this space that is not massively over valued?
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Good question. Probably not. Lets hope the crashing starts in 2026, or the damage will be even more massive.
My eyesight ... (Score:2)
Re:My eyesight ... (Score:4, Funny)
Time to look into getting a pair of glasses Spicoli.
Awkward conversation (Score:5, Funny)
Dad, can I have a few million ?
What for?
I wrote a price comparison app?
An evil price comparison app, that's my girl!
No, dad. Just a price comparison app. With AI.
Evil AI?
Not particularly. Not more than usual.
But you will be teaching it to be evil? To bring pain and suffering and anguish and despair? To LIE? TO CRUSH ALL WHO DARE TO...
Geez, dad, just forget it!
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We shall call it Preparation H
Their first idea was the real game-changer (Score:2)
I think they gave up much too quickly on their first idea: the "Bluetooth tampon". That was the real industry disruptor.
Wow (Score:2)
Somebody once asked, "If Jeff Bezos can start Amazon in his garage what's stopping you?"
Answer: I don't have a garage.
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Being given a couple hundred thousand from his parents to start Cadabra (later renamed to Amazon) might have had something to do with it. Or maybe it was that his grandfather was LP Gise, someone instrumental in creating DARPA, which created the internet.
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Nepo pushback (Score:3)
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What an inspiration to young girls everywhere (Score:4, Funny)
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A shopping app you say? (Score:2)
If it's women programmers... (Score:2)