Rivian gets another $1B from Volkswagen
The two companies are collaborating on a joint venture that will incorporate Rivian technology into VW’s EVs. Source link
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Wikipedia cracks down on the use of AI in article writing
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…
Meta is cutting several hundred jobs
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…
Russia arrests alleged owner of cybercrime forum LeakBase, report says
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…
How soap opera-TikTok hybrids became a billion-dollar business
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…
Harvey confirms $11B valuation: Sequoia triples down
No doubt, one of the blockbuster hits of the AI era, legal tech startup harvey. Company on Wednesday… Confirmed It closed a fresh raise at a valuation of $11 billion, following reports aired last month It was another monster round in the works. The company confirmed that it has raised $200 million in the round…
Meta launches new initiative to support entrepreneurship, drive AI adoption
Meta is launching Meta Small Business, a new company-wide initiative focused on supporting entrepreneurship and promoting AI adoption. Axios reported On Wednesday. Meta CEO Mark Zuckerberg said in a memo to employees that small businesses have always been a big part of the company’s business model, and millions of entrepreneurs already use its platform to…
Amazon just bought a startup making kid-size humanoid robots
Amazon has confirmed that it has acquired Fauna Robotics, a two-year-old startup founded by former Meta and Google engineers that is developing child-sized humanoid robots. the acquisition was earlier Reported by Bloomberg. Terms of the deal were not disclosed. What we do know is that Fauna employees, including its two founders, will join Amazon in…
Kentucky woman rejects $26 million offer to turn her farm into a data center
For generations, Ida Huddleston and her family have owned a farm in Northern Kentucky. And he has turned down an offer of at least a million dollars to preserve it. Last year, a “major artificial intelligence company” offered him $26 million to sell part of his farm for a proposed data center, According to a…
Epic Games cuts 1000 jobs, says Fortnite engagement is down
Epic Games is laying off 1,000 employees on Tuesday, according to a company memo posted on Epic. blog. “The decline in Fortnite engagement starting in 2025 means we are spending more than we are earning, and we will have to make bigger cuts to keep the company funded,” Epic Games CEO Tim Sweeney wrote in…