48 place 41
Scale AI, the fast-growing data-labeling startup, missed its revenue and profit targets last year, but its investors are undeterred. The company is close to finalizing about a $150 million share sale, largely to existing investors, that values it at around $25 billion, up about 80% from a year ago.
Scale AI told prospective investors early last year that it expected to cross $1 billion in revenue in 2024 as the contract workers it managed became more essential to the artificial intelligence boom. It ended.
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The Information
Donald Trump's sons unveiled a new Trump Mobile service on Monday. Among the new offerings will be a $500 gold-colored smartphone. Read more ›
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The Elon Musk-led automaker has swept Cars.com's list of the "American-made" cars, with the Model 3 taking the title of the most American vehicle. Read more ›
1,849
The debate about the Minnesota shooter's politics is now a predictable manifestation of America's polarization. Read more ›
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If recent reports are true, we likely won't be seeing Microsoft's next-generation Xbox console until 2027 at the earliest. But that hasn't stopped the company from teasing a couple of details - including backward compatibility and vague handheld allusions - as it announces a partnership with AMD to co-engineer the bits inside. Read more Read more ›
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Tech leaders from Palantir, Meta, and OpenAI have joined the Army Reserve, bypassing traditional training to chase transformation. Read more ›
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699 fresh
President Donald Trump will, once again, give TikTok a temporary reprieve as it faces another deadline to sell itself or face a ban in the United States. White House Press Secretary Karoline Leavitt confirmed Tuesday that Trump will sign another executive order to extend the deadline. The latest extension — this time for 90 days — is now the third time Trump has punted on a looming TikTok ban since... Read more ›
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The dust is beginning to settle on iOS 26, but there is one more smaller improvement that we wanted to make sure that we highlighted: the ability to set custom ringtones on the iPhone without using the GarageBand app. To set a custom ringtone on iOS 26, open the Files app and tap on an MP3 or M4A audio file that is less than 30 seconds long. Next, tap on... Read more ›
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The Information
Demand is rising for AI-powered robots that can clean offices or roll around moving items from one part of a building to another, allowing businesses to save on labor costs. But the upfront costs of these robots, which can cost hundreds of thousands of dollars apiece, can put them out of reach.Now, financiers are stepping in to front the cost of these machines. Cardinal Robotics, which sells cleaning robots that... Read more ›
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Databricks will soon host Google’s Gemini models as part of an expansion of a four-year-old strategic partnership between the companies that will be announced later today, Ali Ghodsi, co-founder and CEO of Databricks, said in an exclusive interview at the company’s customer conference. The ... Read more ›
50
OpenAI has talked to Saudi Arabia’s Public Investment Fund, Indian conglomerate Reliance Industries and existing shareholder United Arab Emirates’ MGX about investing in the next installment of its $40 billion financing led by SoftBank, according to two people familiar with the fundraise. The investors could put in at least hundreds of millions of dollars each, they said. An investment in OpenAI by Saudi Arabia’s $900 billion–plus wealth fund would underscore... Read more ›
45
Meta Platforms CEO Mark Zuckerberg has tried to fix a seemingly existential problem in recent months. His company’s large language model, Llama, was falling behind competitors and struggling to perform as well as models from OpenAI, particularly on complex tasks. Increasingly, Zuckerberg turned to an unlikely person for advice: Alexandr Wang, CEO of Scale AI, whose startup did the relatively low-grade work of hiring human experts to improve artificial intelligence... Read more ›
41
Nvidia recently debuted a cloud service enabling artificial intelligence developers to rent server chips directly from the chip designer, part of its push into the cloud market dominated by Amazon and Microsoft. In doing so, Nvidia is encroaching on the turf of CoreWeave and dozens of other up-and-coming firms that sell the same type of service. Nvidia executives told the firms they could make their AI servers available to customers... Read more ›
38
Negotiations between Microsoft and OpenAI over the startup’s plan to restructure its for-profit unit, which requires Microsoft’s approval, have entered their eighth month with no end in sight and new conflicts emerging. OpenAI wants Microsoft, the startup’s biggest outside shareholder, to have a roughly 33% stake in the reshaped unit in exchange for foregoing its rights to future profits, according to a person who spoke to OpenAI executives. OpenAI also... Read more ›
26
Snapchat has realized the limits of disappearing content—especially when it comes to attracting creators. On Thursday, the app said users will be able to automatically save their disappearing Stories to their public profiles. That’s a big change, and it’s one that should help make the app more of a destination for creators, whose Instagram, YouTube and TikTok profiles give fans—and advertisers—a taste of their content. Read more ›
18
A recent delivery dealmaking frenzy in Europe has kicked off a race between DoorDash, Uber and investment firm Prosus, as the three firms aim to grab more business in the already fiercely competitive market. Some of that has been playing out publicly, with a series of rapid-fire announcements. But behind the scenes, U.S. delivery archrivals DoorDash and Uber have also been fighting over some of the same deals. DoorDash made... Read more ›
15
Venture capitalists can’t stop betting on startups that are developing artificial intelligence to automate customer support, including those that are on pace to generate more than $100 million in revenue annually. In the latest examples, Intercom, a customer support software startup founded in 2011, is in talks to sell more than $100 million in shares to investors at a price that values the company at $2 billion or higher, according... Read more ›
12
The cost of acqui-hiring talent keeps rising! Meta Platforms agreed to shell out close to $15 billion for a 49% stake in data-labeling startup Scale AI, whose CEO Alexandr Wang will be joining Meta in a senior position, my colleague Cory Weinberg reported yesterday. I spoke with a number of Scale investors yesterday who shared their uncertainty about what the deal means for the company’s future.Just as important, though, are... Read more ›
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Most popular sources
Business Insider
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42% 6 |
Gizmodo
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10% 3 |
Wired
|
5% 5 |
CNET
|
5% 3 |
Eurogamer.net
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4% 2 |
| View sources » | |
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17.06.2025 22:52
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