Unilever said Thursday that it will acquire gummy supplement startup GrĂŒns, marking the latest acquisition of a fast-growing, wellness-focused startup by a large consumer company. GrĂŒns, which was founded in 2023 by former private equity investor Chad Janis, was valued at $500 million last year ... Read more âș
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Tesla is considering building a new SUV that would be smaller and cheaper than its current vehicle models, Reuters reported on Thursday. The vehicle is under early development and would initially be produced at Teslaâs factory in Shanghai if the company decides to move forward with production, ... Read more âș
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Meta Platformsâ Wednesday release of Spark, the first model in its broader Muse model family, doesnât blow other frontier models out of the water, according to developers and researchers I talked to. But at least puts the company back in the AI conversation. The model is already powering the Meta AI app and website but itâll take some time to roll out to Metaâs social media apps like WhatsApp, Instagram... Read more âș
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OpenAIâs advertising effort is so new that the company is still working out the kinks in it. That hasnât stopped it from setting ambitious aims for the business, which it expects to become the largest driver of its revenue by the end of the decade. OpenAI expects advertising to generate about $2.4 billion in revenue this year and to quadruple next year, to nearly $11 billion, according to financial forecasts... Read more âș
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Alibaba Group has anonymously released a new AI video generation model called HappyHorse-1.0, which rose to the top of an AI model leaderboard and attracted a lot of attention on social media, according to two people with knowledge of Alibabaâs involvement. The new video model is the Chinese ... Read more âș
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Guess what: Meta Platforms is still in the AI model game. You might have forgotten that fact, given that itâs been a little while since weâve seen much new on the AI front from the Facebook owner. But CEO Mark Zuckerberg took to Threads on Wednesday to reveal the new model family, known as Muse, and its first member, Spark. Meta stock jumped 6.5% on the news, although the market... Read more âș
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A federal appeals court on Wednesday rejected Anthropicâs motion to halt the Department of Defenseâs blacklisting of the company while Anthropic challenges the designation in court. The ruling from the circuit court in Washington, D.C., sets up split decisions in Anthropicâs two lawsuits ... Read more âș
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As investors fret that AI startups will gobble up the business of established software companies, a top executive from Workday has jumped ship for Anthropic. Peter Bailis, who joined the human resources software giant provider Workday last May as its chief technology officer, left last month and ... Read more âș
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Nebius, a cloud provider backed by Nvidia with a market cap of $32Â billion, is in talks to buy Israeli-based AI startup AI21 Labs, according to people with knowledge of the deal. The potential deal would help Amsterdam-based Nebius expand AI services for its customers beyond its main business of renting out servers. AI21 develops large language models and systems for enterprise agents. The Israeli-based startup, last valued at $1.4... Read more âș
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Former Andreessen Horowitz general partner Anjney Midha has secured $1.3 billion for the first fund for AMP, his newly formed venture firm, according to a source with knowledge of the raise. AMP recently made a $300 million investment in Anthropic as part of the Claude makerâs $30 billion round ... Read more âș
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Perplexityâs annualized revenue run rate has more than doubled since the end of last year to $500 million as of this week, said a person familiar with the situation, as demand for the AI firmâs new agent-based product drives subscription growth. Perplexityâs growth is the latest sign of how use ... Read more âș
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Meta Platforms CEO Mark Zuckerberg has announced the availability of a new family of AI models on Wednesday. In a Threads post, Zuckerberg said the company is releasing its first model, Spark, as part of a broader suite of models called Muse. Spark will power Meta AI, the companyâs internally ... Read more âș
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Nvidia shares should be worth a lot more than they are nowâ400% more, to be exact. And most software stocks should be worth lessâsome a lot lessâthan they are now. You can find assessments like these all over social media, but in this case, they come from one of the most respected quantitative investing models in finance. UBS HOLT is that model, and it has rarely loved a stock as... Read more âș
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Meta Platforms has taken down an internal, employee-built leaderboard tracking how many tokens staffers were using. The dashboard, which employees referred to as Claudeonomics, showed total usage over a recent 30-day period across the company amounted to over 60 trillion tokens, The Information ... Read more âș
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Earlier this week, my colleague Jyoti reported on the great lengths Meta Platforms engineers are going to show off their AI prowess. An employee-created leaderboard tracks who burns through the most AI tokensâpart of a broader trend known as âtokenmaxxing.â The article has sparked a flurry of armchair analysis on how much this strategy could cost Meta (and potentially benefit Anthropic), such as here and here. The drive by companies... Read more âș
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Polygon Labs, developer of the blockchain that underpins prediction market Polymarket and other crypto platforms, is in early talks with investors to raise as much as $100 million to build a new stablecoin payments business, according to people familiar with the talks. The funding discussions come amid a nasty downturn in crypto. The new venture would be a way for Polygon to diversify out of a market that has stalled. Read more âș
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Alibaba Group senior executive Jingren Zhou, who is in charge of AI model development, will stop serving as Alibaba Cloudâs chief technology officer and concentrate on his AI role, according to an internal memo. In the latest reorganization, Alibaba also appointed Zhou the chief AI architect of ... Read more âș
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Caylent, a consulting firm that helps Amazon Web Services customers adopt AI, has acquired Pronetx, another consulting firm that focuses on selling Amazonâs AI-powered contact center software, called Connect. The deal reflects the growing importance of Amazon Connect, which launched in 2017 and ... Read more âș
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The sooner Anthropic and OpenAI go public, the betterâat least then weâd have proper financial disclosure. Both companiesâ habit of updating the public on their revenue growth by references to either monthly revenue or annualized revenue, which is (loosely speaking) the last monthâs revenue multiplied by 12, is getting old. And itâs not exactly what investors need to know.Take Anthropic, which revealed Monday afternoon that it was now generating annualized... Read more âș
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What could stop Anthropic now? The maker of the Claude chatbot said Monday it is generating more than $30 billion in annualized revenue, up from $19 billion about a month ago and more than triple its year-end level. At that pace, the company is on track to surpass its mid-December projection of $32 billion in annualized revenue by the end of this yearâand could do so eight months early! In... Read more âș
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28.04.2026 02:56
Last update: 02:50 EDT.
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