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Physical Intelligence, a startup developing large artificial intelligence models to power robots, is in talks with investors to raise additional venture capital at a valuation of about $5 billion, according to two people who have recently spoken to the company.
A financing at that valuation would more than double the price investors awarded the San Francisco startup in November. The company, founded in early 2024, is one of several startups focused on developing the AI that acts as the brains inside a vari
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The Information
Prominent far-right figures and elected officials have called for vengeance following the death of conservative activist Charlie Kirk. Read more ›
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Charlie Kirk, one of America’s leading conservative activists and a close friend of President Donald Trump’s son Don Jr., has been murdered. We do not yet know who did, or why. We do not know how the Trump administration will respond. What we do know, however, is that there are good reasons to be afraid. […] Read more ›
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Charlie Kirk, the cofounder and executive director of Turning Point USA, was shot at an event at Utah Valley University on Wednesday. Read more ›
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"There's a lot of things about him that I think are traits I don't admire," Altman said of Musk. Read more ›
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Turning Point USA cofounder Charlie Kirk passed away after he was shot at an event at Utah Valley University on Wednesday. Read more ›
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Turning Point USA cofounder Charlie Kirk was shot at an event at Utah Valley University on Wednesday. The suspect is in custody. Read more ›
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Conservative political leader Charlie Kirk was shot in the neck while speaking at a Utah college on Sept. 9. The president later announced that Kirk had been killed. Read more ›
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Thiel was one of many whose financial ties to the dead financier should be probed, a prominent senator believes. Read more ›
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SpintTel's NBN 500 plan was already great value, but it's now received a huge price cut just days before the official NBN 500 launch – it's a no-brainer in our opinion. Read more ›
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Discover ways to save at TopResume, including their free review service and 4-week Career Services Platform trial. Read more ›
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Zoox's robotaxi can take riders to five destinations on The Strip. A spokesperson said most of the 50 robotaxis deployed will be in Vegas. Read more ›
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F-35s and other NATO aircraft were called into action on Wednesday after Russian drones crossed into Polish airspace. Read more ›
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Apple today announced that its retail store at the South Coast Plaza shopping mall, in Costa Mesa, California, has temporarily relocated. Apple has opened a temporary store in the mall, just down the hall from its original location, which will presumably be renovated. The company has not indicated when the original store will reopen, but its renovations often take months. Opened in 2001, Apple South Coast Plaza was one of... Read more ›
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See the moon phase expected for September 11, 2025 as well as when the next full moon is expected. Read more ›
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David Zaslav, the CEO of Warner Bros. Discovery, plans to make HBO more expensive, and passwords a lot harder to share, according to The Hollywood Reporter. Zaslav shared his general outlook on the state of television at the Goldman Sachs Communacopia + Technology Conference, with the main theme being that HBO Max's content is good and Zaslav thinks he should be charging a lot more for it. "The fact that... Read more ›
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Vlad Tenev said people don't always trade to make money, so AI won't fully take over investing. Read more ›
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To Air or not to Air? Apple's thinnest iPhone has a 6.5" screen, so those upgrading from an iPhone 16 Pro Max will be sacrificing some display. Read more ›
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In Shanghai, Yangyang Guo supports herself by helping students with US college applications. Read more ›
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The Information
Microsoft is taking its biggest step to lessen reliance on OpenAI’s artificial intelligence by embracing the startup’s bitter rival Anthropic to power its most important software business. Microsoft will pay to use Anthropic’s technology for some AI features in Office 365 apps, according to two people involved in the effort. The move will blend Anthropic and OpenAI technology in the apps, after years in which Microsoft primarily used OpenAI for... Read more ›
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Before we get to today’s main item, please check out my colleague Sri’s exclusive piece from Friday night revealing that OpenAI expects to burn $115 billion in cash through 2029, plus tons of other financial data the company has disclosed to investors. We are still having a hard time digesting the capital that cash burn will require the company to raise in the next five years! We will bring you... Read more ›
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A small cloud provider for artificial intelligence that’s preparing to go public has secured a major boost from its most important supplier: Nvidia. The chip giant agreed this summer to rent 10,000 of its own AI chips from the cloud firm, Lambda, for $1.3 billion over four years, and a separate $200 million deal to rent 8,000 more Nvidia chips over an unspecified time frame, according to a person with... Read more ›
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Joint ventures. Backstop agreements. Syndicated debt offerings. The richest tech companies and their bankers are developing increasingly complicated financial strategies to meet the soaring demands of funding artificial intelligence. The goal for companies like Google and Meta Platforms is to stay ahead in the AI race while offloading some of the costs and risks of the buildout. Meta is raising $29 billion for a joint venture to build a data... Read more ›
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Dutch semiconductor equipment giant ASML has invested $1.5 billion in French artificial intelligence developer Mistral, valuing it at $11.7 billion, up from a $6 billion valuation last year, Reuters reported. ASML will be the startup’s biggest outside shareholder and will take a board seat, the ... Read more ›
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The NFL, the world’s richest and most powerful sports league, would like you to know something: It is not thrilled with the way Nielsen measures its TV audience. Earlier this week, the NFL took the extraordinary step of criticizing media measurement firm Nielsen, which the football giant argued is undercounting the number of viewers for its games by millions of people. While plenty of television broadcasters have groused about Nielsen... Read more ›
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Klarna is planning to price its initial public offer above its planned range of $35 to $37, according to a person familiar with the matter. At the top of the range, Klarna would have a market value of $14 billion, not including unvested employee shares. The plans have not been previously ... Read more ›
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Nasdaq is stepping up its scrutiny of companies listed on its exchange that are aiming to get a stock price boost by raising money to buy and hoard crypto, according to company filings and people familiar with the matter. The exchange’s move could slow the crypto boom that is putting increasingly exotic tokens on mainstream markets. The stock exchange, where the vast majority of crypto stocks are trading, is requiring... Read more ›
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OpenAI could spend $10 billion next year on the artificial intelligence chip it is co-designing with Broadcom, according to a report in The Financial Times. The report indicated that mass production of OpenAI’s chip would begin next year. During Broadcom’s earnings call on ... Read more ›
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Companies like Physical Intelligence or Skild AI that aim to build robots that can handle a variety of tasks out of the box have raised hundreds of millions in funding over the last two years. Now, a startup that’s taking a different approach—building robots that master one task at a time—is raising a new round of funding. The startup, Redwood City, California-based Dyna Robotics, is considering multiple investment offers valuing... Read more ›
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Most popular sources
Business Insider
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21% 0 |
Wired
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20% 16 |
Gizmodo
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13% 9 |
Vox
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8% 6 |
MacRumors
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8% 16 |
| View sources » | |
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11.09.2025 02:08
Last update: 01:50 EDT.
News rating updated: 09:02.
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