Physical Intelligence, a two-year-old San Francisco robotics startup, is in talks to raise nearly $1 billion in new funding at a valuation of more than $11 billion. according to bloomberg. The deal will effectively double the company’s $5.6 billion valuation in just four months. Founders Fund is also set to participate in talks to invest…
SoftBank has taken a new $40 billion loan to help meet its $30 billion commitment to invest in OpenAI as part of the AI model maker. Record-breaking $110 billion increase last monthJapanese group said on friday. The most important thing is that the loan is unsecured and has a tenure of 12 months, which means…
The European Union’s top executive body has confirmed a cyberattack after hackers allegedly stole troves of data from its cloud storage. European Commission spokesperson Nika Blažević confirmed to TechCrunch on Friday that the commission “discovered a cyberattack that affected part of our cloud infrastructure.” “We have taken immediate action and contained the attack. Risk mitigation…
When an 82-year-old Kentucky woman $26 million offered An AI company that wanted to build a data center on his land, he refused. Sure, that same company could try to rezone the surrounding 2,000 acres of land somehow, but as AI infrastructure advances into the real world, the real world begins to retreat. That stress…
AtherFlux, the space solar energy startup launched by Robinhood founder Baiju Bhatt, is in talks to raise $250 million to $350 million for a Series B round, which will value the company at $2 billion. was raising money first reported by The Wall Street Journal, which said Index Ventures is leading the deal. AetherFlux has…
The two companies are collaborating on a joint venture that will incorporate Rivian technology into VW’s EVs. Source link
As AI continues to enter the world of editorial and media, websites are struggling to establish ground rules for its use. This week, Wikipedia banned the use of AI-generated text by its editors — though it stopped short of banning AI from the site’s editorial processes altogether. In A recent policy changeThe site now states…
As reported, Meta is laying off several hundred employees across multiple teams, including sales, recruiting, and the Reality Labs division. Information And bloomberg. The cuts will impact employees in the US and other international markets. Bloomberg reported that some of those employees would be offered other jobs or the opportunity to transfer in order to…
On Wednesday, Russian police arrested the alleged administrator of cybercrime forum Leakbase. According to state-owned news agency TASS. As stated by the US Justice Department, Leakbase was “one of the world’s largest online forums for cybercriminals” to share hacking tools and passwords. Earlier this month, US officials and Europol announced that they have stopped working…
Over the past few years, a new category of mobile apps has quietly emerged billion dollar business. They’re called “micro dramas” – short-form, mobile-first scripted shows designed to be watched vertically on your phone. Think soap opera meets TikTok, with secret billionaire romances, disapproving werewolf mother-in-laws and cliffhangers engineered to keep users engaged. Leading app…
