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Runway, already the best funded among a cluster of startups developing artificial intelligence software to generate videos for Hollywood and more amateur filmmakers, is trying to strengthen that lead with a new round of financing.
The firm is in talks with investors to raise $450 million at about a $4 billion valuation, according to a person involved in the deal and a person who spoke with Runway executives. General Atlantic, a New York private equity and growth-stage investor, is in talks to lead the roun
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The Information
It comes just days after Biden's debate with former US president Donald Trump, which was marked by verbal gaffes and confusing statements. Read more ›
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A single line of dialogue in the trailer sparked a frenzy of memes, and paved the way for how the superhero movie was received. Read more ›
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In a questionable new trend, supermarkets in the South now seem to be selling bullets right out of a dispenser. Read more ›
620
"May he continue to have fun on his yachts. I prefer to work," Musk said of the hydrofoiling video that Zuckerberg posted to social media. Read more ›
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Nintendo has responded to concern over the inappropriate use of its characters online and said it would take "appropriate action" against anything that would make some players "feel uncomfortable". Nintendo president Shuntaro Furukawa was recently questioned by a shareholder who said they had "come across cases on social media where Nintendo IP and games are used inappropriately". This "inappropriate" use of Nintendo's characters "poses the risk of damaging" the company's... Read more ›
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Biden suggested he would be OK losing to Trump in November as long as he gave it his all — undercutting the heart of his 2024 presidential platform. Read more ›
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Amid the ongoing debate over the impact of artificial intelligence on the job market, the Labour Ministry has reportedly constituted… Read more ›
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Cats will scratch up your furniture for a number of reasons but one of the most noteworthy is if there's a kid in the home, according to a new study. Read more ›
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The memification of Mark Zuckerberg continues — but lately, the CEO seems to be just as in on the jokes. Read more ›
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The Galaxy S24 Ultra is one cool phone, but Samsung is asking ₹130,000 for it. The Galaxy S23 Ultra from last year is still quite competitive – check out our versus article for details – and is going for ₹90,000 on Amazon. That’s ₹20,000 less than on Samsung.com. The S24 Ultra is scheduled for three more OS updates (Android 15 is next) and will receive security patches until 2028, so... Read more ›
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As AI companies increase their investments in infrastructure, their revenues are not growing that fast, financial analysts note, implying that AI could become a bubble. Read more ›
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Sheeran made the comments in an episode of "This Past Weekend w/ Theo Von." Read more ›
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Business Insider is compiling its fifth annual list of the most influential talent managers and agents that help TikTok creators jump-start their careers. Read more ›
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Trevon Gripper never thought he'd get rejected from almost 500 job. He's now relocating to Seattle to maximize his chances of securing work. Read more ›
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Joe Biden and Donald Trump have both sought to claim the mantle of veterans champion as each vies for a second term in office. Read more ›
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President Joe Biden flashed his trademarked stubbornness when asked just who could get him to reconsider dropping out of the 2024 race. Read more ›
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Professional mountaineers say climbing Mt. Everest is a walk in the park compared to smaller, more difficult mountains like the Seven Second Summits. Read more ›
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Leslye Headland has seen your speculation about the unknown world Star Wars' latest villain calls home. Read more ›
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Chase Bank boss Marianne Lake warns that the pain of making up lost profits may be passed on to consumers if regulations go through. Read more ›
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Prestigious UK boarding school Eton College tells parents of first-year students to leave smartphones at home Read more ›
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The Information
As résumés go, Derek Rundell’s is a doozy. The self-described serial entrepreneur briefly worked as a consultant for Michael Jackson, the late pop star, and he wrote, directed and acted in “Zombie Sitter,” a low-budget movie about a preteen navigating a post-apocalyptic world following a meteor shower that has turned the population into the walking dead. But in 2013, Rundell started working for a powerful client: Eric Schmidt, a longtime... Read more ›
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Welcome, Weekenders! In this newsletter:The fame, feud and fortune behind billionaire Alexandr WangThe best high-tech spasPlus: An apocalypse found; a marvelous, murderous melodrama; and requiem for a reality TV star.Until this moment, it was hard to know how seriously to take Donald Trump’s emerging courtship of Silicon Valley leaders. Yes, he had a glitzy fundraiser at David Sacks’ Pacific Heights home earlier this month—and yes, he’d won over people like... Read more ›
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The next phase of SoftBank CEO Masayoshi Son’s plan to make the company a leader in artificial intelligence is coming into focus. And it is complicated—and potentially costly. SoftBank has recently talked with banks about borrowing money to fund investment of up to $10 billion in energy-related projects, where AI is driving an enormous increase in demand, according to a person with direct knowledge of the discussions. SoftBank also is... Read more ›
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A year ago, Character.AI had the wind at its back. Founded by two artificial intelligence pioneers from Google, the startup had launched AI chatbots that offered what its far larger rivals hadn’t yet provided: something fun. Millions of people had signed up for its website and apps, intrigued by the chance to text with facsimiles of anime characters, TV personalities and historical figures in hyper-realistic roleplay. Executives discussed raising additional... Read more ›
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Runway, already the best funded among a cluster of startups developing artificial intelligence software to generate videos for Hollywood and more amateur filmmakers, is trying to strengthen that lead with a new round of financing. The firm is in talks with investors to raise $450 million at about a $4 billion valuation, according to a person involved in the deal and a person who spoke with Runway executives. General Atlantic,... Read more ›
12
Saks Fifth Avenue parent company HBC has agreed to buy rival Neiman Marcus for $2.65 billion, with Amazon taking a minority stake in the newly combined company, the Wall Street Journal reported on Wednesday. The Journal did not report the size of Amazon’s stake in the new company, which will be ... Read more ›
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A massage, then maybe a dip in the pool? If that’s your idea of a spa day, then this will really get your brain twisted into knots: These days, the coolest, most exclusive spas are downright space age and come complete with amenities like high-definition cameras to assess scalp health, compression suits to promote healthy drainage of lymphatic fluid, and three-dimensional dermal scanning, which uses heat to show a body’s... Read more ›
1
Happy anniversary, Andy Jassy! Well, almost. On Friday, the Amazon CEO will celebrate the third anniversary of his ascension to the top job. And this year Jassy has something to really celebrate.Amazon’s stock closed today at $200, its highest point ever. It’s also 14% higher than when Jassy took the reins, which might not sound like a lot but, hey, don’t forget Amazon stock cratered with the 2022 stock market... Read more ›
1
SoftBank is discussing with banks how to fund investments of up to $10 billion in energy-related projects, as artificial intelligence drives an enormous increase in demand for power, The Information reported. The company is also exploring ways to secure access to a large volume of Nvidia’s ... Read more ›
1
After two Tesla veterans launched Northvolt in 2017, the Swedish battery developer rapidly became Europe’s most prominent champion in the race to develop local electric vehicle and battery industries. Though it had never made a battery, the company announced a whirlwind of plans for vertical integration—plants across Europe and in Canada that would process lithium, make electrodes, manufacture batteries and recycle them when they were spent. Northvolt would make next-generation... Read more ›
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Most popular sources
Business Insider
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57% 4 |
Gizmodo
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10% 8 |
Eurogamer.net
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6% 3 |
Android Authority
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5% 1 |
Tom's Hardware
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5% 2 |
| View sources » | |
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06.07.2024 05:18
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