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Modal, a startup that rents out Nvidia graphics processing units and software to help developers run and train models as well as agents, is in talks to raise money at around a $4.5 billion valuation. That would be an 80% premium to its last valuation from just a few months ago, according to two people with knowledge of the round.
The steep hike in valuation follows a jump in its annualized revenue to around $300 million, up five times from its pace last fall, one of the people with knowledge said. Much of.
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The Information
An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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Assassin's Creed Black Flag Resynced might have delivered one of the biggest launches in series history, but it sadly hasn't fixed age-old issues with Ubisoft's PC ports. Over the weekend, the DRM and social-related layer of the game, Ubisoft Connect, suffered an outage, knocking the game offline on PC. Read more Read more ›
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Krista Varady has been studying intermittent fasting for two decades at the University of Illinois Chicago, and in a 2024 commentary, she and her co-authors set out to systematically debunk four common safety myths about the practice. Read more ›
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Microsoft is testing a new Copilot feature called PC Insights that will help users diagnose problems with their PC using natural language prompts. Read more ›
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Taranis Capital is connecting growth-stage fintechs from global markets with Saudi Arabia’s fast-growing financial ecosystem, helping accelerate innovation across payments, open banking and digital assets. Read more ›
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1X says NEO's new hands can pour tea, plug in chargers, and use sign language. Read more ›
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Waze is getting an AI makeover. Google is integrating its flagship AI assistant, Gemini, into the driving app with the goal of letting users personalize their trips a little more. Of the four new updates, only two are being described as involving Gemini. Waze says its updating its conversation reporting feature, first introduced in 2024, […] Read more ›
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Bernie seems awed by AI, which is unsettling. But his actual plan polls amazingly well. Read more ›
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Pixel-Flo, a University of Sheffield spinout, has secured a £5.25m seed round led by Northern Gritstone with additional investment from SCVC, the Parkwalk Northern Universities Venture Fund and HTGF. The startup is developing a cost reduction breakthrough that it says is ‘critically needed’ for microLED display manufacturing. Pixel-Flo says microLED is the next wave of ... Read more ›
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Samsung is expected to unveil the Galaxy Z Fold8 series and the Galaxy Z Flip8 at its Galaxy Unpacked event on July 22. Ahead of the launch, a new leak has revealed new details about the Galaxy Z Flip8’s weight and thickness. According to tipster Ice Universe, the Galaxy Z Flip8 will weigh around 180 grams, making it 8 grams lighter than the Galaxy Z Flip7, which weighs 188 grams.... Read more ›
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История о том, как обучение в высшем учебном заведении вдохнуло вторую жизнь в моё почти забытое хобби. Читать далее Read more ›
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HMRC's new MTD rules affected £50k+ earners this year, but 55% of them still aren't ready for the August 7 2026 deadline. Read more ›
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ВИЧ-1 быстро мутирует. При геномном анализе вируса нужно определить две вещи: к каким антиретровирусным препаратам он может быть устойчив и к какому субтипу относится. В мировой практике для этих задач используют Stanford HIV Drug Resistance Database и COMET: первый сервис помогает интерпретировать лекарственную устойчивость, второй — определять субтип. Мы собрали локальные ML-модели для анализа ВИЧ-1 по данным геномного секвенирования. Первая модель прогнозирует лекарственную устойчивость к антиретровирусн Read more ›
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Most organizations have settled on those numbers because they’re easy to track and show up well in reports. Read more ›
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"Japan's experimental reusable rocket took off and safely landed in a first test flight Saturday," reports the Associated Press, as Japan "seeks to achieve the technology key to cut launch costs and compete in the global space market dominated by SpaceX." The RV-X rocket lifted off, hovered and moved horizontally before landing [watch the video here] during its less than one-minute flight at the Japan Aerospace Exploration Agency's Noshiro Testing... Read more ›
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Я оказался в этой ситуации на реальном проекте — desktop-приложении на Avalonia. Нужно было объяснить пользователю пять экранов, три из которых со скрытыми боковыми панелями и элементами, зависящими от режима. Я написал онбординг прямо внутри приложения. А потом понял, что написал ровно ту вещь, которой в экосистеме Avalonia не хватает в принципе — и вынес её в отдельную библиотеку. Читать далее Read more ›
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The Information
Singaporean prosecutors filed new charges against one of the suspects in a case related to smuggling Nvidia chips from the Southeast Asian country to other destinations such as China. The case began in February 2025 and has since expanded, as prosecutors alleged that the suspects falsely ... Read more ›
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Broadcom and Apple agreed to expand their “longstanding technology collaboration through 2031,” Broadcom said in a securities filing, adding that the companies had struck “new multi year” agreements for Broadcom to develop and supply custom chips for Apple to use in various products. Apple has ... Read more ›
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The world’s largest companies may not be hurriedly replacing traditional enterprise applications with vibe coded alternatives, but some smaller firms are. Greenleaf Management, an Atlanta-based real estate property and investment manager with about 55 employees, saved around $100,000 annually by replacing Salesforce’s customer relationship management software with a custom application developed using AI tools from startup Replit and Claude Code, said Dave Codrea, a partner at the company. The new... Read more ›
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Microsoft is laying off 4,800 employees, primarily in its Xbox and sales units, chief people officer Amy Coleman said in a memo to staff Monday. Coleman said that the cuts in sales were due to reorganizations as Microsoft shifts its business to focus more on AI products, including the creation ... Read more ›
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A little-noticed spat between two startups over their highly similar marketing videos is fueling concerns about AI's impact on creativity.Higgsfield AI, the video generation startup, has been getting buzz lately. My colleagues Valida and Julia reported last week that Higgsfield is raising $300 million to $500 million at a $5 billion valuation, excluding the new funds. And the company recently announced an integration with Claude Code, allowing the Anthropic coding... Read more ›
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At this year’s Milken Institute Global Conference, the discussions around enterprise AI had shifted. The question among executives was no longer if AI would pay off, but how. Many talked less about proving ROI and more about positioning their companies to capture it. That tension—between AI’s capabilities and organizations’ capacity to keep up—was evident everywhere, from panel discussions to a private dinner co-hosted by Aily Labs founder and CEO Bianca... Read more ›
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DETROIT—In mid-June, a few days after the SpaceX initial public offering made him billions, tech investor Antonio Gracias returned to his hometown of Detroit to address a room filled with Rust Belt manufacturers. The proprietors were mostly tech transplants who had come to the Midwest to buy up industrial plants and install AI on the factory floor.“It’s not true that you can’t make things in America,” Gracias said to encouraging... Read more ›
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Mercor hit over $2 billion in gross revenue run rate in June, double its pace earlier this year, according to a person with direct knowledge of the company’s financials. The growth comes from increased demand from AI app developers and Fortune 500 customers looking to build their own or ... Read more ›
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Some of the biggest backers of OpenAI and its rivals are pooling their money in an offshoot of Thrive Capital that buys controlling stakes in accounting and other services firms and aims to transform them with AI. Thrive Holdings, a one-year-old holding company started by OpenAI investor Thrive Capital, is raising around $2 billion from investors including Altimeter, D1 Capital Partners and SoftBank, according to a person familiar with the... Read more ›
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SpaceX President Gwynne Shotwell said Monday that she planned to donate a portion of her SpaceX stock to the Trump Accounts program. Shotwell wrote on X that the donation would be targeted to accounts for children between the ages of 11 and 17 “that live in areas with lower average household ... Read more ›
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