Adobe in recent months held talks with Synthesia, a London-based maker of artificial intelligence software that generates video avatars of people, to buy the startup for about $3 billion, a premium from the startupâs $2.1 billion valuation in a January financing, according to a person with knowledge of the discussions. Synthesia and Adobe walked away without reaching a deal after disagreeing about the price, this person and two others said.... Read more âș
64
AI developers rejoice! After months of buildup, OpenAI yesterday finally released the first open-weight large language models itâs put out since 2019, which in AI land is forever. (ChatGPT itself was released less than three years ago.)Â The impetus for OpenAI to launch an open-weight model goes back to Chinaâs DeepSeek, which exploded onto the scene late last year with its own open-weight model. Shortly after that release, OpenAI CEO... Read more âș
0
Disney plans to take Huluâs brand global: Hulu will replace the Star tile on Disney+ in international markets as it becomes the general-entertainment programming brand within Disney+. The full integration of Hulu into Disney+ is expected to be completed by next year. Disney is betting that a ... Read more âș
0
Investors have embraced vibe coding as the next big thing in artificial intelligence. They are pouring cash into fast-growing companies offering coding assistants that can speed the work of software engineersâor potentially replace them. That optimism may be shortsighted. The companies that make AI models, such as OpenAI and Anthropic, are developing their own coding assistants, creating serious competition. Most coding assistant startups rely on these same AI giants to... Read more âș
14
Disney announced major content deals with the NFL and WWE as it prepares to launch a new streaming app for ESPN on August 21. ESPN is acquiring the NFL Network, a cable TV channel that includes a mix of live games, studio shows and other programming from the sports league, in exchange for the ... Read more âș
2
OpenAI is in talks to sell shares held by current and former employees at a price that values the ChatGPT maker at $500 billion, according to two people familiar with the matter. Thrive Capital is in talks to lead the share sale. The secondary sale is still early in its process and the details ... Read more âș
0
Runway and Luma AI, startups developing AI models to generate videos, are in talks with investors to raise large funding rounds, The Information reported Tuesday. Runway is in talks to raise around $500 million at a valuation of at least $5 billion before the investment, led by existing investor ... Read more âș
0
Last Friday, the day after Figma went public with a 250% pop, former Federal Trade Commission Chair Lina Khan tweeted that Figmaâs success was âa great reminder that letting startups grow into independently successful businesses, rather than be bought by existing giants, can generate enormous value.â Good point. But for every Figma, thereâs a Snap, whose CEO Evan Spiegel famously turned down a $6 billion buyout offer from Facebook, the... Read more âș
21
Startups that use artificial intelligence to make videos for Hollywood studios and amateur filmmakers are getting thirsty for more capital. Runway, a startup that has cut deals with Lionsgate and AMC Networks, is in talks with investors to raise around $500 million at a valuation of at least $5 billion before the investment, or 67% higher than the six-year-old companyâs last round a year ago, according to two people with... Read more âș
0
Figma CEO Dylan Field knows people are going to stare at his stock price. âYou canât tell people, âDonât look at the elephant in the room.â Thereâs an elephant in the room â itâs dancing, itâs drunk,â he said in a TV interview the day the company went public last week.But the 33-year-old will have to defy some history if heâs going to get Figma back to the $69 billion... Read more âș
2
Snapâs bleak second-quarter results were a letdown after a parade of upbeat reports from Meta Platforms, YouTube and Reddit. The Snapchat ownerâs revenue rose 9% to nearly $1.35 billion during the second quarter, a slowdown from the 14% to 15% growth Snap saw in recent quarters. Read more âș
3
The Federal Aviation Administration proposed a new policy that could make it much simpler for Walmart, Amazon and other companies to launch commercial drone delivery services. The agencyâs new proposal outlines a set of standard requirements for drone operators to follow when seeking approval to ... Read more âș
0
Snapâs revenue growth slowed sharply to 9% in the second quarter, with advertising revenue expanding just 4%, highlighting the ad challenges facing the social media firm. Snap stock fell 14% in after-hours trading. Snap has been growing around 14-15% in the past few quarters, with ad revenue ... Read more âș
0
The U.S. Department of Justice charged two people with exporting AI chips to China in violation of U.S. export controls. Two Chinese nationals living in California, including one who was in the U.S. illegally after having overstayed her visa, sent tens of millions of dollars worth of âsensitive ... Read more âș
0
By 2030, fresh water demand is projected to outstrip the global water supply by nearly 56%, according to the World Resources Institute. At the same time, the growing development of artificial intelligence infrastructureâwhich depends on water for cooling systems and throughout its energy supply chainâis projected to consume 1.1 trillion to 1.7 trillion gallons of freshwater annually, roughly equivalent to the yearly water use of all households in California. And... Read more âș
0
OpenAI released two new AI models on Tuesday whose âweights,â or the settings that determine how the models respond to questions, are free and available for developers to download, otherwise known as âopen-weight,â according to a blog post. This is the first time OpenAI has released an open ... Read more âș
0
A Tesla shareholder sued Tesla and CEO Elon Musk, alleging that the company committed fraud by overstating the capabilities and downplaying the dangers of its autonomous driving software and robotaxi service. The proposed class action, filed late Monday in federal court in Texas, alleges that ... Read more âș
2
In the M&A industry, bankersâ most important asset has historically been their rolodex. But the proliferation of AI chatbots appears to be changing that.When the boards of companies look to sell the business, they turn to M&A advisors to scope out suitable buyers. In the past, junior bankers assembling lists of potential buyers would have to spend hours researching and consolidating information, before checking in with senior bankers whose institutional... Read more âș
21
Former X CEO Linda Yaccarino has been named CEO of eMed Population Health, a health company that says it provides a âdigital health platform for GLP-1/GIP population health management.â This refers to drugs that help treat diabetes or manage weight loss. Yaccarino is joining eMed a month after ... Read more âș
0
David Ellisonâs Paramount Skydance has announced its designated board of directors once its acquisition of Paramount closes on August 7. The 10-person board will include Oracle CEO Safra A. Catz, further strengthening the ties between the new Paramount and the software giant co-founded by ... Read more âș
1
Teslaâs former chief financial officer Zach Kirkhorn has joined the board of Mytra, a robotics startup led by several other alumni of the electric carmaker, the company said Tuesday. Kirkhorn was Teslaâs CFO from 2019 until 2023. Mytra, which makes robots that move and store material in ... Read more âș
2
Most popular sources
Business Insider
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23% 3 |
Wired
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11% 3 |
Tom's Hardware
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10% 2 |
Vox
|
9% 7 |
Gizmodo
|
5% 3 |
| View sources » | |
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31.10.2025 21:29
Last update: 21:15 EDT.
News rating updated: 03:20.
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