Fireworks AI, a three-year-old startup that rents out Nvidia chip servers to developers that use artificial intelligence models, is in talks to raise funding at a $4 billion valuation in a round led by new investor Lightspeed Venture Partners and Index Ventures, The Information reported. A ... Read more ›
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E-commerce retailer Quince is raising roughly $200 million in new funding, in a round that more than doubles the company’s valuation to $4.5 billion, Bloomberg reported. The investment firm Iconiq is leading the round, the report said. A Quince spokesperson didn’t immediately have a comment. The ... Read more ›
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Artificial intelligence has suddenly made it cheaper and easier for companies to switch to new software providers, IT executives say. Now large AI providers such as Amazon, Microsoft, Salesforce and Palantir are scrambling to win over each other’s customers, who might previously have felt they were locked into using old apps because of the difficulty of extricating vast quantities of data. To solve that problem, the tech providers are selling... Read more ›
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Silicon Valley royalty are set to be the big winners from Figma’s initial public offering this week. Former Meta and Google executive Sheryl Sandberg, former LinkedIn CEO Jeff Weiner, and venture capital firms Greylock Partners and Kleiner Perkins are all turning modest investments into windfalls ranging from tens of millions to more than $1 billion. Sandberg and Weiner were among the participants in Figma’s seed round, via a roughly $1.5... Read more ›
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Sometimes good things happen to nice guys. I’m talking about Dylan Field, one of the more grounded founder-CEOs you’re likely to meet in tech. His design software firm, Figma, looks to be sailing toward a very strong public debut in the next week. Figma on Monday raised the preliminary pricing range for its IPO to between $30 and $32 a share—from the initial range of between $25 and $28. At... Read more ›
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Fireworks AI, part of a new class of cloud providers that rents out Nvidia chip servers to developers that use artificial intelligence models, is in talks to raise capital at a $4 billion valuation including the investment, more than seven times its valuation from a year ago, according to two people familiar with the fundraise. New investors Lightspeed Venture Partners and Index Ventures are in talks to lead the round. Read more ›
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On Friday, we reported on Tesla’s Optimus humanoid robot program, which may fall well short of Elon Musk’s ambitious goal to pump out 5,000 robots by the end of the year. It turns out the robots’ hands are among the big factors holding up production. In fact, some Optimus robots that are mostly complete have been sitting unused at a Tesla facility because they don’t have hands or lower forearms,... Read more ›
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Nvidia last week ordered an additional 300,000 H20 chips from its manufacturer, Taiwan Semiconductor Manufacturing Company, as surging demand from Chinese tech companies prompted the U.S. firm to reconsider its initial plan to sell only its current stockpile, Reuters reported on Tuesday, citing ... Read more ›
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Waymo said Monday that it would begin offering robotaxi rides in Dallas next year in partnership with Avis Budget Group. Avis, a rental car and fleet management company, will be in charge of maintaining Waymo’s robotaxis and the depots they’re stored in. Waymo completes more than a quarter ... Read more ›
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Sales of Meta Platforms’ Ray-Ban smart glasses more than tripled in the first half of the year from the same period a year earlier, Ray-Ban parent company EssilorLuxottica said in a press release on Monday. EssilorLuxottica CEO Francesco Milleri said on Monday that the company expected “a very ... Read more ›
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Alibaba Group unveiled its first artificial intelligence glasses, as Meta Platforms’ success with its Ray-Ban AI smart glasses prompts Chinese tech giants to follow suit. Alibaba announced the new product, the Quark AI glasses, at a tech conference in Shanghai over the weekend. The glasses, ... Read more ›
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Anthropic is in early talks with investors including MGX to raise around $3 billion at a $150 billion valuation, The Financial Times reported Friday. A fundraising at that price would be even steeper than the price The Information first reported investors had been considering. The talks follow ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Sports execs’ favorite pastime? Venture capital• The Top 5: The best new startup accelerators • Plus, our Recommendations: “Autocracy in America,” “I Regret Almost Everything” and “Star Trek: Strange New Worlds” LeBron James would like the internet to behave itself. Of course, it won’t. The NBA great has apparently become deeply annoyed by the proliferation of AI-generated videos depicting him as pregnant—I... Read more ›
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Need a mentor to jolt your thinking—or need to lock yourself away from the world for 20 days? A whole new generation of startup accelerators has proliferated in recent years, each one promising to turbocharge a founder’s ambitions. Many of the best are from the most prominent names in Silicon Valley, including Sequoia Capital, Andreessen Horowitz and investors Nat Friedman and Daniel Gross. But that’s not the case for all... Read more ›
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Oracle chair Larry Ellison's power in American business is about to expand. The Federal Communications Commission’s approval on Thursday of Ellison-backed Skydance’s takeover of film and TV icon Paramount Global cleared the last major hurdle standing in the way of the $8 billion deal. It’s expected to close on Aug. 7, when Larry Ellison’s son David will become CEO of a newly enlarged Paramount, owning CBS, Paramount studios, a bunch... Read more ›
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Ramp, a six-year-old corporate card and expense management startup, is in discussions with investors to raise $350 million at a valuation of about $21 billion with the investment, according to three people with direct knowledge of the fundraising, just a month after raising at a $16 billion valuation. Existing investor Iconiq is in talks to lead the round. Back-to-back financings of this scale have become more common for in-demand AI... Read more ›
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Meta Platforms has named Shengjia Zhao as the chief scientist of Meta Superintelligence Labs, its new artificial intelligence organization, CEO Mark Zuckerberg said in a post on Threads on Friday. “Shengjia will set the research agenda and scientific direction for our new lab working directly ... Read more ›
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Incident management software maker PagerDuty is exploring a potential sale, according to a Reuters report on Friday. The company’s shares soared more than 10% on the news. The firm is working with tech-focused investment bank Qatalyst Partners after receiving takeover interest from private ... Read more ›
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Meta Platforms in October will stop political and social issues-related advertising in the European Union, the company said in a blog post on Friday. The social media giant said the move was in response to forthcoming regulation in the bloc about the transparency of political advertising. The ... Read more ›
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Oura CEO Tom Hale said that the health-tracking company crossed more than $500 million in annual revenue last year, and grew at more than 120 percent. “I think the smart ring category is really on fire and Oura’s leader in it,” he said in an exclusive interview with The Information ... Read more ›
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Tesla isn’t making Optimus humanoid robots fast enough to meet CEO Elon Musk’s goal of 5,000 by the end of this year, The Information reported on Friday. Inside Tesla, one hurdle to scaling up production is the company’s struggles with perfecting the Optimus hand. Still, Tesla this year has been ... Read more ›
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A couple weeks ago, LeBron James was in Las Vegas, seated courtside at the Thomas and Mack Center to watch his team, the Los Angeles Lakers, scrimmage against their crosstown rivals, the Clippers. The game was a highlight of the NBA’s annual off-season Summer League tournament, where rookies and rising stars—like James’ son, Bronny—gain playing experience, while starters get a first look at the young talent they’ll soon face on... Read more ›
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GPT-5 is almost here, and we’re hearing good things. The early reaction from at least one person who’s used the unreleased version was extremely positive.That’s good news for OpenAI. The ChatGPT creator has been under pressure to show major gains from its next big artificial intelligence model since we first broke the news last November that it had seen diminishing returns from using more computational resources and data during “pretraining.”... Read more ›
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Elon Musk says humanoid robots will be the future of Tesla. The company has a long way to go. Tesla is well behind the pace necessary to meet Musk’s publicly stated goal of producing at least 5,000 of its Optimus humanoid robots this year, according to two people with knowledge of the program. So far, the number of robots it has made is in the hundreds, one of the people... Read more ›
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Here’s a question: If Google was started today, would it have a search bar on its website separate from its artificial intelligence chatbot, Gemini? I asked Gemini that question earlier today, and the chatbot thought that was “extremely unlikely” and that a “unified interface would be the almost certain choice.” As Gemini said, “the fundamental paradigm of how users interact with information has shifted. A company starting today would build... Read more ›
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On Intel’s second-quarter earnings call, CEO Lip-Bu Tan made it clear that things are going to be different under his leadership than they have under his predecessor Pat Gelsinger. The biggest change is that Intel will only invest in building factories to manufacture chips for other ... Read more ›
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The Federal Communications Commission approved David Ellison’s purchase, through his company Skydance, of Paramount Global, moving the $8 billion deal a step closer to completion. Ellison had to navigate political hurdles to get the approval of the FCC, including by commiting in writing to “ ... Read more ›
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The NFL and ESPN are nearing a deal for the league to take a 10% stake in the Disney-owned sports media company, according to a report from CNBC. The terms could include ESPN taking ownership of NFL Network and NFL RedZone, two cable channels owned by the league. ESPN and the NFL have been ... Read more ›
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Benchmark general partner Victor Lazarte is leaving the blue-chip venture firm and is in the process of starting his own fund to back early-stage AI startups, according to two people with knowledge of the matter. He has already received capital commitments for the new fund and has an anchor ... Read more ›
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As TikTok’s future in the U.S. continues to be in limbo, the company is trying to quell a different regulatory threat north of the border.In November, the Canadian government told TikTok to wind down its operations in the country due to national security concerns, but curiously has allowed the app to remain available to the 14 million users in the country. The order means TikTok has to shut down its... Read more ›
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Most popular sources
Business Insider
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23% 6 |
Gizmodo
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10% 4 |
Tom's Hardware
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8% 3 |
Android Authority
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8% 3 |
Ars Technica
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7% 6 |
| View sources » | |
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29.07.2025 06:40
Last update: 06:36 EDT.
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