Category: In Brief

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Both firms hoped to raise at least $1 billion in their public market debuts.

CaaStle board confirms financial distress, furloughing employees

April 1, 2025

CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and later became an inventory monetization platform for clothing retailers, is facing financial difficulties, the company confirmed to TechCrunch following a report by Axios. Citing a letter from the board, Axios reported that the company is almost out of money, CEO Christine…

Meta’s head of AI research plans to leave the company

April 1, 2025

Meta’s VP of AI research, Joelle Pineau, is planning to leave the company, she announced in a post on Facebook Tuesday. Pineau said she’s leaving in May after more than two years overseeing FAIR, Meta’s internal AI research lab led by Yann LeCun. Pineau’s exit comes as Meta ramps up its AI efforts, with the…

Fashion startup CaaStle appears to be in trouble

March 31, 2025

CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and in 2018 became an inventory monetization platform for clothing retailers, is facing financial difficulties, reports Axios. The company is almost out of money, CEO Christine Hunsicker has resigned, and law enforcement is investigating alleged financial misconduct, Axios reported, citing a leaked…

OpenAI raises $40B at $300B post-money valuation

March 31, 2025

OpenAI on Monday announced that it closed one of the largest private funding rounds in history. According to a blog post on the company’s website, OpenAI raised $40 billion in a round that values the company at $300 billion post-money. SoftBank led the financing, CNBC reported. Other participants included Microsoft, Coatue, Altimeter, and Thrive, all…

TikTok to launch TikTok Shop in France, Germany, and Italy

March 27, 2025

TikTok is set to expand its TikTok Shop e-commerce platform to users in France, Germany, and Italy on Monday, Reuters reports. TikTok Shop has been available in the United Kingdom since 2021, and now the company is ready to expand farther into Europe. While TikTok Shop is also available in the United States and saw…

Nvidia is reportedly in talks to acquire Lepton AI

March 26, 2025

Nvidia is looking to get into the server rental market. The semiconductor giant is reportedly nearing a deal to acquire Lepton AI, a company that rents out servers that are powered by Nvidia’s AI chips, according to The Information. The deal is reportedly worth several hundred million dollars, according to The Information, which cited unnamed…

ChatGPT’s new AI image feature is delayed for free users

March 26, 2025

OpenAI CEO Sam Altman announced on Wednesday that the rollout of ChatGPT’s viral new AI image features to free users would be delayed, citing significantly higher demand than the company expected. “Images in ChatGPT are wayyyy more popular than we expected (and we had pretty high expectations),” Altman said in a post on X on…

Google claims news is worthless to its ad business after test involving 1% of search results in eight EU markets

March 21, 2025

Google has reported the results of an experiment it ran which removed news from search results for 1% of users for 2.5 months in eight* markets in Europe — claiming the results show that news is essentially worthless to Google’s ad business. The search giant conducted the test because European copyright law requires it to…

Apple loses appeal against Germany’s special abuse control for Big Tech

March 18, 2025

Being a staggeringly successful big tech company does have some downsides: Apple has lost an appeal against a special abuse control regime that Germany’s competition watchdog applied to it last year. The iPhone maker can expect to continue to face bespoke competition controls in a major European market, in addition to other similar laws (such…

Texas man faces prison for activating ‘kill switch’ on former employer’s network

March 17, 2025

China is reportedly keeping DeepSeek under close watch

March 14, 2025

China appears to think homegrown AI startup DeepSeek could become a notable tech success story for the country. After DeepSeek’s sudden rise to fame in January with the release of its open “reasoning” model, R1, the company is now operating under new, tighter government-influenced restrictions, according to The Information. Some of the company’s employees have…

Accused LockBit ransomware developer extradited to the US

March 14, 2025

The U.S. Department of Justice announced that Rostislav Panev, who developed code and maintained infrastructure for LockBit, is now in U.S. custody. © 2024 TechCrunch. All rights reserved. For personal use only.

UK’s secret iCloud backdoor order triggers civil rights challenge

March 14, 2025

The U.K. government’s secret order to Apple demanding it backdoor the end-to-end encrypted version of its iCloud storage service has now been challenged by two civil rights groups, Liberty and Privacy International, which filed complaints Thursday. They called the order “unacceptable and disproportionate” and warned of “global consequences” as the access order is thought to…

Meta faces publisher copyright AI lawsuit in France

March 12, 2025

Meta is facing an AI copyright lawsuit in France that’s been brought by authors and publishers who are accusing it of economic “parasitism,” Reuters reports. The French litigation was filed in a Paris court this week by the National Publishing Union (SNE), the National Union of Authors and Composers (SNAC), and the Society of People…

Meta is reportedly testing in-house chips for AI training

March 11, 2025

Meta is reportedly testing an in-house chip for training AI systems, a part of a strategy to reduce its reliance on hardware makers like Nvidia. According to Reuters, Meta’s chip, which is designed to handle AI-specific workloads, was manufactured in partnership with Taiwan-based firm TSMC. The company is piloting a “small deployment” of the chip…

OpenAI says it has trained an AI that’s ‘really good’ at creative writing

March 11, 2025

Watch out, fiction writers. OpenAI may have you in its crosshairs. In a post on X on Tuesday, OpenAI CEO Sam Altman said that the company has trained a “new model” that’s “really good” at creative writing. He posted a lengthy sample from the model given the prompt “Please write a metafictional literary short story…

Trump nominates Sean Plankey as new CISA director

March 11, 2025

Asana CEO Dustin Moskovitz is retiring

March 10, 2025

Dustin Moskovitz is retiring from Asana, the software company he founded in 2008. Asana, a task management platform, announced his retirement as part of the company’s fiscal fourth-quarter earnings report, CNBC reported. Moskovitz informed the board he intends to move into a chair role when a new CEO starts. The company has raised more than…

Google co-founder Larry Page reportedly has a new AI startup

March 6, 2025

Google co-founder Larry Page is building a new company called Dynatomics that’s focused on applying AI to product manufacturing, according to The Information. Page is reportedly working with a small group of engineers on AI that can create “highly optimized” designs for objects and then have a factory build them, per The Information. Chris Anderson,…

Shield AI raises $240M at a $5.3B valuation to commercialize its AI drone tech

March 6, 2025

Shield AI is now one of the U.S.’s biggest defense tech startups by valuation, raising $240 million at a $5.3 billion valuation in its latest round. © 2024 TechCrunch. All rights reserved. For personal use only.

Christie’s AI art auction reportedly exceeds expectations

March 6, 2025

Nearly 6,500 artists demanded in an open letter that fine art auction house Christie’s cancel its first show dedicated solely to works created with AI. Yet, the show, Augmented Intelligence, went on — and reportedly exceeded expectations. According to Christie’s, the show brought in more than $700,000, with many lots reaching beyond their high estimates.…

OpenAI reportedly plans to charge up to $20,000 a month for specialized AI ‘agents’

March 5, 2025

OpenAI may be planning to charge up to $20,000 per month for specialized AI “agents,” according to The Information. The publication reports that OpenAI intends to launch several “agent” products tailored for different applications, including sorting and ranking sales leads and software engineering. One, a “high-income knowledge worker” agent, will reportedly be priced at $2,000…

EU must ‘fully’ apply its market fairness rulebook on Google, search rivals urge

March 5, 2025

The European Union is once again being urged to expand its investigation of Google under the bloc’s Digital Markets Act (DMA). The big aim of the EU’s flagship competition reform — which came into force last spring — was to level the digital playing field by forcing platform giants into fairer dealing with rivals and…

Apple is challenging U.K.’s iCloud encryption backdoor order

March 5, 2025

Apple is challenging a U.K. Government data access order in the Investigatory Powers Tribunal (IPT), the Financial Times reports. The order targeted iCloud backups that are protected by end-to-end encryption. Last month, press leaks revealed the existence of the January order asking Apple to build a backdoor in iCloud’s encrypted backups. U.K. officials are exercising…

Judge rejects Musk’s attempt to block OpenAI’s for-profit transition

March 4, 2025

A federal judge in Northern California denied Elon Musk’s motion for an injunction that would have halted OpenAI’s planned transition into a for-profit company, Bloomberg reported. Musk failed to provide enough evidence necessary for an injunction, U.S. District Court Judge Yvonne Gonzalez Rogers ruled Tuesday. However, Rogers said the court is prepared to hold an…

Amazon reportedly forms a new agentic AI group

March 4, 2025

Amazon has formed a new group within AWS dedicated to creating AI agents, systems that help people automate parts of their lives, Reuters reported on Tuesday. In an email to staff seen by Reuters, AWS CEO Matt Garman said agentic AI has the potential to be “the next multi-billion business for AWS.” A longtime AWS…

Intel delays its Ohio chip factory to 2030

February 28, 2025

Intel’s first chip fabrication plant in Ohio may not open until 2030 at the earliest. According to a report in The Columbus Dispatch, Intel has slowed the building of its promised $28 billion semiconductor project in central Ohio for the second time this year. Construction won’t be completed until 2030, the chipmaker told the publication,…

Meta is reportedly planning a standalone AI chatbot app

February 27, 2025

Meta reportedly plans to release a standalone app for its AI assistant, Meta AI, in a bid to better compete with AI-powered chatbots like OpenAI’s ChatGPT and Google’s Gemini. According to CNBC, Meta could launch a standalone Meta AI app as soon as the company’s next fiscal quarter (April-June). Meta AI is currently only available…

AI models trained on unsecured code become toxic, study finds

February 27, 2025

A group of AI researchers has discovered a curious — and troubling — phenomenon: Models say some pretty toxic stuff after being fine-tuned on unsecured code. In a recently published paper, the group explained that training models, including OpenAI’s GPT-4o and Alibaba’s Qwen2.5-Coder-32B-Instruct, on code that contains vulnerabilities leads the models to give dangerous advice,…

Meta’s new AR glasses for research can measure heart rate

February 27, 2025

Meta has unveiled the next generation of its Project Aria augmented reality glasses for research: Aria Gen 2. Aria Gen 2, which arrives roughly five years after the first-generation Aria device, adds new capabilities to the platform, including an upgraded sensor suite and Meta’s custom silicon. Aria Gen 2 has a PPG sensor for measuring…

OpenAI rolls out deep research to paying ChatGPT users

February 25, 2025

OpenAI announced on Tuesday that it’s rolling out deep research, its web browsing agent that creates thorough research reports, to all paying ChatGPT users. ChatGPT Plus, Team, Enterprise, and Edu subscribers will get 10 deep research queries per month. OpenAI’s Deep research was previously only available to ChatGPT Pro users, the company’s $200-a-month tier; they…

Anthropic reportedly ups its next funding round to $3.5B

February 24, 2025

Anthropic’s next funding round is reportedly growing larger. Anthropic, which makes the AI chatbot Claude, is finalizing a $3.5 billion fundraising round that values the company at $61.5 billion, according to The Wall Street Journal. Anthropic initially set out to raise $2 billion, but investors have now agreed to a larger tranche, per the WSJ.…

Chegg sues Google over AI search summaries

February 24, 2025

Edtech company Chegg has sued Google claiming that the tech giant’s AI summaries of search results have hurt Chegg’s traffic and revenue. In the suit, filed in the U.S. District Court for the District of Columbia, Chegg accuses Google of unfair competition — specifically reciprocal dealing, monopoly maintenance, and unjust enrichment. Google, Chegg claims, forces…

Even Elon Musk forgets that X isn’t Twitter sometimes

February 24, 2025

Do you sometimes refer to X by its old name, Twitter? That’s okay. Even Elon Musk, the man who changed Twitter’s name to X, still occasionally refers to the social media platform he runs as Twitter. “Twitter added far more features with fewer people,” said Musk in a post on X Monday. The owner of…

OpenAI reportedly plans shift from Microsoft to SoftBank

February 21, 2025

OpenAI is forecasting a major shift in the next five years around who it gets most of its computing power from, The Information reported on Friday. By 2030, OpenAI expects to get three-quarters of its data center capacity from SoftBank, one of its newest financial backers. That represents a major shift away from Microsoft, its…

Report: OpenAI plans to shift compute needs from Microsoft to SoftBank

February 21, 2025

OpenAI is forecasting a major shift in the next five years around who it gets most of its computing power from, The Information reported on Friday. By 2030, OpenAI expects to get three-quarters of its data center capacity from Stargate, a project that’s expected to be heavily financed by SoftBank, one of OpenAI’s newest financial…

Report: AI coding assistants aren’t a panacea

February 21, 2025

As they gain in popularity, AI coding assistants such as GitHub Copilot may appear to be boosting productivity. But in reality, they could be causing overall code quality to decline. That’s the top-line finding from a new report released by software engineering platform GitClear, which analyzed 211 million code lines from 2020 to 2024. According…

Mistral’s Le Chat tops 1M downloads in just 14 days

February 19, 2025

A couple of weeks after the initial release of Mistral’s AI assistant, Le Chat, the company told Le Parisien that it has reached one million downloads. In particular, Le Chat quickly reached the top spot for free downloads on the iOS App Store in the company’s home country, France. “Go and download Le Chat, which…

OpenAI may give board special voting rights to ward off takeover attempts

February 18, 2025

To fend off future hostile takeover attempts, OpenAI is considering giving its non-profit board special voting rights, according to a new report in the Financial Times. The rights would allow the board to overrule major investors in the company, preserving some of its powers after OpenAI completes its transition to a for-profit. OpenAI was founded…

Are your noise-canceling headphones messing with your head?

February 17, 2025

We all know headphones can be bad for your hearing if you listen to sounds too loudly in such close proximity to your ears. But a BBC report suggests that a new health scare could be emerging around the noise-canceling feature that’s hugely popular in modern earphones. The article considers whether the technology could essentially…

Elon Musk’s AI company, xAI, said to be in talks to raise $10B

February 14, 2025

Elon Musk’s AI company, xAI, is said to be in talks to raise $10 billion in a round that would value xAI at $75 billion. Bloomberg reported Friday that xAI is canvassing existing investors, including Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners for the round, which would bring xAI’s total raised to $22.4 billion,…

Meta’s next big bet may be humanoid robotics

February 14, 2025

Meta is forming a new team within its Reality Labs hardware division to build robots that can assist with physical tasks, Bloomberg reported. The team will be responsible for developing humanoid robotics hardware, potentially including hardware that can perform household chores. Meta’s new robotics group, which will be led by Marc Whitten, driverless car startup…

Europe denies dropping AI liability rules under pressure from Trump

February 14, 2025

The European Union has denied that recent moves to row back on some planned tech regulation — principally by ditching the AI Liability Directive, a 2022 draft law which had been aimed at making it easier for consumers to sue over harms caused by AI-enabled products and services — were made in response to pressure…

Arm is launching its own chip this year with Meta as a customer

February 13, 2025

Public semiconductor company Arm will start making its own chips this year after landing a high-profile enterprise customer. Arm, which is majorly owned by SoftBank, will start making its own chips now that Meta has signed on as a customer, according to the Financial Times. The chip is expected to be a CPU for servers…

Anthropic’s next major AI model could arrive within weeks

February 13, 2025

AI startup Anthropic is gearing up to release its next major AI model, according to a report Thursday from The Information. The report describes Anthropic’s upcoming model as a “hybrid” model that can switch between “deep reasoning” and fast responses. The company will reportedly introduce a “sliding scale” alongside the model to allow developers to…

Report: Meta in talks to acquire AI chip firm FuriosaAI

February 12, 2025

Meta is reportedly in talks to acquire a South Korean chip firm as the social media giant looks to bolster its AI hardware infrastructure. Meta may announce its intent to purchase FuriosaAI, a chip startup founded by former Samsung and AMD employees, as soon as this month, per Forbes. FuriosaAI develops chips that speed up…

OpenAI CEO Sam Altman calls Musk’s bid an attempt to ‘slow us down’

February 11, 2025

In an interview at the AI Action Summit in Paris on Tuesday, OpenAI CEO Sam Altman dismissed Elon Musk’s unsolicited $97.4 billion bid for OpenAI’s nonprofit as “an attempt to slow [OpenAI] down.” “[Musk] obviously is a competitor,” Altman said. “He’s raised a lot of money for [his AI company] xAI, and they’re trying to…

OpenAI spoke to government officials about its DeepSeek probe

February 10, 2025

OpenAI says it has spoken to government officials about its ongoing investigation into DeepSeek. The ChatGPT-maker previously claimed to have evidence that DeepSeek trained its AI models using improperly obtained data from OpenAI’s API. During a Bloomberg TV interview on Monday, OpenAI’s chief global affairs officer, Chris Lehane, said the company has talked with government…

Christie’s announces AI art auction, and not everyone is pleased

February 8, 2025

Fine art auction house, Christie’s, has sold AI-generated art before. But soon, it plans to hold its first show dedicated solely to works created with AI, an announcement that has been met with mixed reviews. The auction, which Christie’s is calling ‘Augmented Intelligence,’ will feature artwork from artists including Mat Dryhurst, the founder of AI…

OpenAI plans to open an office in Germany

February 7, 2025

OpenAI is expanding its footprint to Germany. According to a press release issued Friday, the ChatGPT maker plans to open an office in Munich in the coming months. “Germany is renowned for its technical expertise, academic excellence, and industrial innovation,” OpenAI CEO Sam Altman in a statement. “Opening our first office in Germany means we…

Report: Ilya Sutskever’s startup in talks to fundraise at roughly $20B valuation

February 7, 2025

Safe Superintelligence, the AI startup founded by former OpenAI chief scientist Ilya Sutskever, is in talks to raise funding at a valuation of “at least” $20 billion, according to Reuters. It’s not clear how much Safe Superintelligence — which has yet to generate any revenue — is looking to secure, but it could be substantial.…

Report: OpenAI’s ex-CTO, Mira Murati, has recruited OpenAI co-founder John Schulman

February 6, 2025

OpenAI co-founder John Schulman, who left AI company Anthropic earlier this week after a mere five months, is reportedly joining former OpenAI CTO Mira Murati’s secretive new startup, per Fortune. It’s not clear what Schulman’s role there will be. Fortune wasn’t able to learn that information, and Murati has been tight-lipped about the venture since…

OpenAI co-founder John Schulman leaves Anthropic after just five months

February 6, 2025

OpenAI co-founder and prominent AI researcher John Schulman has left Anthropic after five months, according to multiple reports. Credited as one of the leading architects of ChatGPT, Schulman left OpenAI last August for its direct competitor, Anthropic. He posted about the decision on X, saying it stemmed from a desire to deepen his focus on AI alignment…

First lab-grown meat treats go on sale in the UK — for dogs

February 6, 2025

Cultivated chicken doggie snacks have gone on sale at a U.K. pet food retailer, Pets at Home. The retailer also happens to be a major investor in Meatly, the startup producing the meat ingredient contained in dog food brand The Pack’s Chick Bites, as the slaughter-free, low carbon treats are billed. (Other ingredients in the…

Amazon reportedly gears up to release next-gen Alexa

February 5, 2025

Amazon may be gearing up to release a next-gen, AI-powered Alexa experience, according to Reuters. Per the outlet’s report, Amazon plans to preview an upgraded version of Alexa, the company’s smart home assistant that runs on a number of first- and third-party devices, at an event on February 26. The revamped Alexa is said to…

Google removes pledge to not use AI for weapons from website

February 4, 2025

Google removed a pledge to not build AI for weapons or surveillance from its website this week. The change was first spotted by Bloomberg. The company appears to have updated its public AI principles page, erasing a section titled “applications we will not pursue,” which was still included as recently as last week. Asked for…

OpenAI said to be in talks to raise $40B at a $340B valuation

January 30, 2025

OpenAI may have billions of dollars in the bank. But it’s gearing up to raise billions more, according to a report from The Wall Street Journal. Per The WSJ, OpenAI is in talks to secure up to $40 billion in a funding round that would value the startup at $340 billion. SoftBank would lead the…

US Justice Department sues to block HPE’s $14B acquisition of Juniper Networks

January 30, 2025

OpenAI will offer its tech to US national labs for nuclear weapons research

January 30, 2025

OpenAI says it plans to let U.S. National Laboratories, the Department of Energy’s network of R&D labs, use its AI models for nuclear weapons security and other scientific projects. Per CNBC, OpenAI will work with Microsoft, its lead investor, to deploy a model on the supercomputer at Los Alamos National Laboratory. The model will be a…

AI creations edited by humans can likely be copyrighted in US, agency says

January 30, 2025

In the U.S., AI-generated creations — books, movies, and so forth— that have been edited by a human can likely be copyrighted, but those without any human modifications or additions cannot. That’s according to a report published by the U.S. Copyright Office (USCO) on Wednesday, which outlined scenarios in which AI-generated content might be eligible…

David Sacks claims there’s ‘substantial evidence’ that DeepSeek used OpenAI’s models to train its own

January 28, 2025

David Sacks, Trump’s AI and crypto “czar,” said in an interview on Fox on Tuesday that there’s “substantial evidence” that Chinese AI company DeepSeek “distilled” knowledge from OpenAI’s AI models, a process that Sacks compared to theft. Sacks, who didn’t cite the source of this “evidence,” suggested that DeepSeek used responses from OpenAI models to…

Eric Schmidt says DeepSeek marks a ‘turning point’ for the global AI race

January 28, 2025

Former Google CEO Eric Schmidt called for the United States to ramp up open-source AI efforts to address the rise of DeepSeek in a Washington Post op-ed published Tuesday. Just last year, Schmidt said America was two or three years ahead of China. But DeepSeek’s rise marks “a turning point” for the global AI race,…

Who is Liang Wenfeng? DeepSeek founder comes from AI investing

January 28, 2025

DeepSeek, a Chinese AI lab, has Silicon Valley reeling with its R1 reasoning model, which it claims uses far less computing power than those of American AI leaders — and, it’s open source. The DeepSeek app has shot to the top of the App Store charts this week, dethroning ChatGPT. But who is Liang Wenfeng,…

Waymo is reportedly building a charity ‘tipping’ feature into its robotaxi app

January 28, 2025

Alphabet-owned autonomous vehicle company Waymo might be planning to test a feature that will allow robotaxi riders to add a “tip” that will go to the charity of their choice after a ride. Jane Manchun Wong, a security researcher who recently hacked the display dome on top of a Waymo vehicle, found the new tip…

OpenAI launches ChatGPT plan for U.S. government agencies

January 28, 2025

In a week dominated by headlines about China’s growing AI competitiveness, OpenAI has launched ChatGPT Gov. The new version of the AI-powered chatbot platform is designed to provide U.S. government agencies an additional way to access the tech. ChatGPT Gov includes many of the capabilities found in OpenAI’s corporate-focused tier, ChatGPT Enterprise. Using the platform, agencies…

Mark Zuckerberg says Meta will have 1.3M GPUs for AI by year-end

January 24, 2025

Meta CEO Mark Zuckerberg said that the company plans to significantly up its capital expenditures this year as it aims to keep pace with rivals in the cutthroat AI space. In a Facebook post Friday, Zuckerberg said that Meta expects to spend $60 billion-$80 billion on capex in 2025, primarily on data centers and growing…

OpenAI’s Stargate project reportedly doesn’t have the money it needs

January 24, 2025

Stargate — the massive infrastructure project to build data centers for OpenAI in the U.S. — lacks a fully developed plan and hasn’t secured funding yet, according to a report from the Financial Times. Backed by OpenAI, SoftBank, Middle East AI fund MGX, and others, Stargate would funnel around $100 billion — and upward of…

Apple admits next-gen CarPlay is late, but still in development

January 24, 2025

Though Apple rarely misses self-imposed deadlines, it’s done so with the next-generation CarPlay. The company originally teased the update back in 2022. With this new version, CarPlay will integrate seamlessly with the instrument cluster to provide information on speed, climate control, and other car data. Apple had promised an initial rollout for a limit set…

Even some of the best AI can’t beat this new benchmark

January 23, 2025

The nonprofit Center for AI Safety (CAIS) and Scale AI, a company that provides a number of data labeling and AI development services, have released a challenging new benchmark for frontier AI systems. The benchmark, called Humanity’s Last Exam, includes thousands of crowdsourced questions touching on subjects like mathematics, humanities, and the natural sciences. To make…

OpenAI and SoftBank are reportedly putting $19B each into Stargate

January 23, 2025

We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, the massive infrastructure project to build data centers for OpenAI across the U.S. SoftBank and OpenAI each plans to commit $19 billion of capital to Stargate, according to The Information. The two companies would then both own 40% of the…

Anthropic reportedly secures an additional $1B from Google

January 22, 2025

Anthropic has reportedly raised around $1 billion from Google as the AI company looks to deliver a number of major product updates this year. First reported by the Financial Times, Google’s fresh investment brings the tech giant’s total stake in Anthropic to around $3 billion. Google poured $2 billion into Anthropic late last year. Anthropic,…

Trump pardons Silk Road creator Ross Ulbricht

January 21, 2025

President Trump on Tuesday pardoned Ross Ulbricht, the creator of the infamous dark web exchange Silk Road, which was best known as a once-thriving online marketplace for illegal drugs. Trump announced the news in a Truth Social post, saying the pardon was in honor of Ulbricht’s mother and the Libertarian movement. In 2015, a federal…

Stripe is laying off 300 people, but says it still plans to hire in 2025

January 21, 2025

Fintech giant Stripe is laying off 300 people, according to a leaked memo reported on Tuesday by Business Insider. The affected employees are “largely in product, engineering, and operations roles,” the memo said. Despite the layoffs, Chief People Officer Rob McIntosh said that Stripe intends to still grow its headcount by 17% “to land at…

Anthropic plans to release a ‘two-way’ voice mode for Claude

January 21, 2025

Anthropic CEO Dario Amodei says that the company plans to release a “two-way” voice mode for its chatbot, Claude, as well as a memory feature that lets Claude remember more about users and past conversations. Speaking to The Wall Street Journal at the World Economic Forum at Davos, Amodei also revealed that Anthropic expects to…

Mistral AI plans IPO

January 21, 2025

French AI lab, Mistral, is working toward an initial public offering, co-founder and CEO Arthur Mensch said Tuesday in an interview with Bloomberg at the World Economic Forum in Davos. Mistral is “not for sale,” Mensch said, adding that the company plans to open an office in Singapore to focus on the Asia-Pacific region and…

Trump signs exec order, delaying TikTok enforcement action for 75 days

January 20, 2025

President Donald Trump has signed an executive order aimed at restoring TikTok service in the U.S. The order instructs relevant government agencies to “pursue a resolution” that “protects national security” while “saving [TikTok.]” Via the order, Trump is instructing the U.S. Attorney General not to take any action for 75 days to enforce the Protecting…

President Trump repeals Biden’s AI executive order

January 20, 2025

During his first day in office, President Donald Trump revoked a 2023 executive order signed by former President Joe Biden that sought to reduce the potential risks AI poses to consumers, workers, and national security. Biden’s executive order directed the Commerce Department’s National Institute of Standards and Technology (NIST) to author guidance that helps companies…

Amazon suspends US drone deliveries following crash at testing facility

January 17, 2025

Amazon has paused testing of its delivery drones following a crash involving two of its models, according to Bloomberg. It’s the latest setback for Amazon’s beleaguered Prime Air program, which aims to deliver around 500 million packages a year to customers by the end of the decade. Bloomberg reports two Amazon drones crashed in rainy…

OpenAI is trying to extend human life, with help from a longevity startup

January 17, 2025

OpenAI says it trained a new AI model called GPT-4b micro with Retro Biosciences, a longevity science startup trying to extend the human lifespan by 10 years, according to the MIT Technology Review. Retro, which is backed by Sam Altman, has been working with OpenAI for roughly a year on this research, according to the…

Europe orders Elon Musk’s X to submit documents on its recommendation algorithms

January 17, 2025

The European Commission (EC) says it has requested information from Elon Musk’s X related to the algorithms that determine the content it recommends to users. The EC wants to determine how those algorithms may or may not be compliant with the Digital Services Act (DSA), which imposes key obligations on online platforms operating across the…

China is reportedly open to Elon Musk acquiring TikTok US

January 13, 2025

Chinese government officials have reportedly discussed a scenario where ByteDance sells TikTok’s United States arm to Elon Musk, should the Supreme Court uphold the law banning the app on January 19. Bloomberg reports that China would strongly prefer for TikTok to stay under ByteDance’s ownership, but says government officials have considered a sale to Musk…

Microsoft forms new internal dev-focused AI org

January 13, 2025

Microsoft has created a new engineering org aimed at accelerating AI infrastructure and software development within the company. According to Bloomberg, Jay Parikh, previously VP and global head of engineering at Meta, will lead the new division. He’ll report to Microsoft CEO Satya Nadella, and oversee groups including the company’s AI platform and developer teams.…

Y Combinator scored a surprise win when Larry Page came to speak

January 9, 2025

The U.S. has a new cybersecurity safety label for smart devices

January 8, 2025

The White House this week announced a new label for internet-connected devices, the U.S. Cyber Trust Mark, intended to help consumers make more-informed decisions about the cybersecurity of products they bring into their homes. To earn the U.S. Cyber Trust Mark, which is being administered by the Federal Communications Commission, companies have to test their…

Anthropic reportedly in talks to raise $2B at $60B valuation, led by Lightspeed

January 7, 2025

OpenAI rival Anthropic is in talks to raise $2 billion in new capital in a funding round led by Lightspeed Venture Partners, according to The Wall Street Journal. The round, which The Journal reports would value Anthropic at $60 billion, would bring Anthropic’s total raised to $15.7 billion, going by Crunchbase’s data. It would also…

Just Eat Takeaway completes Grubhub sale to Wonder for a modest $650M

January 7, 2025

After looking for a buyer for more than two years, Just Eat Takeaway.com has finally closed the menu on Grubhub. On Tuesday, the Dutch food delivery giant said it completed the sale of the U.S. business to Wonder, the food startup founded and led by e-commerce veteran Marc Lore. The deal has an enterprise value…

Goodbye, Dell XPS

January 6, 2025

In a bid to streamline, Dell is dropping some of its most iconic laptop brands. At CES 2025 on Monday, the PC company announced that XPS, Inspiron, and Latitude are moving to a farm upstate. In their stead come Dell, Dell Pro, and Dell Pro Max. The move is a bid to create “unified branding”…

UK uses AI to tackle ‘bid-rigging’ collusion in public procurement contracts

January 6, 2025

The U.K’s competition authority already has a lot on its plate in terms of tackling Big Tech’s growing reach across the technological spectrum, but closer to home it’s dealing with a different kind of anti-competitive threat — one it reckons AI is well-equipped to address. As per a Financial Times’ report this week, the Competition…

Sam Altman has choice words for the OpenAI board members who fired him

January 5, 2025

OpenAI CEO Sam Altman has strong words for the former board members who abruptly fired him late last November. “[A]ll those people that I feel, like, really f—ed me and f—ed the company were gone, and now I had to clean up their mess,” he told Bloomberg in a wide-ranging interview. Just over a year…

Turo taps national security and counterterrorism experts after Cybertruck explosion

January 3, 2025

Two individuals rented cars from Turo, a peer-to-peer car-sharing platform, and used them to perform acts of violence earlier this week. First, a military veteran driving a Ford F-150 Lightning drove into a crowd of people, killing at least 15. Then, an active-duty Green Beret rented a Tesla Cybertruck, parked it in front of the…

Nvidia completes acquisition of AI infrastructure startup Run:ai

December 30, 2024

Nvidia has completed its acquisition of Run:ai, an Israeli startup that helps manage and optimize AI hardware infrastructure. As part of the merger, Run:ai said its software, which currently only works with Nvidia products, will be open sourced, meaning Nvidia rivals like AMD and Intel will be able to adapt it for their hardware. “We…

UK antitrust watchdog launches review of IBM’s HashiCorp takeover

December 30, 2024

The Competition and Markets Authority, the U.K.’s antitrust watchdog, has opened an investigation into whether IBM’s planned acquisition of cloud software vendor HashiCorp would affect competition. The CMA said Monday it was inviting comment on the merger from interested parties by January 16. The regulator set a provisional February 25 deadline to decide whether to…

Terraform Labs co-founder Do Kwon will face fraud charges in the U.S.

December 27, 2024

Do Kwon, the co-founder of collapsed cryptocurrency startup Terraform Labs, will be extradited from Montenegro to the U.S. to face federal fraud charges, as first reported by Bloomberg. Kwon faces charges in both the U.S. and South Korea; Terraform Labs’ TerraUSD and Luna cryptocurrencies crashed in 2022, causing investors to lose over $40 billion. Terraform…

Microsoft and OpenAI have a financial definition of AGI: report

December 26, 2024

Microsoft and OpenAI have a very specific, internal definition of artificial general intelligence (AGI) based on the startup’s profits, according to a new report from The Information. And by this definition, OpenAI is many years away from reaching it. The two companies reportedly signed an agreement last year stating OpenAI has only achieved AGI when…

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