Genesis AI, the startup building foundation models that it hopes will run inside a wide range of robots, is in talks to raise about $500m, according to Bloomberg. A round of that size would value the company at roughly $3bn, capping a fast climb for a …
Vinod Khosla likes to be early. His firm was the first outside investor in OpenAI, back when that was a strange thing to be. Now Khosla Ventures is raising money to do it again, at a scale it has never tried. The firm is in talks to gather as much as $…
IBM cut its full-year sales outlook on Wednesday after reporting a sharp drop in demand for its mainframe business, lowering its revenue growth target to four to five percent from a prior forecast of more than five percent. The company also trimmed its…
Meta will not face a second jury trial over claims that its social media platforms are addictive to minors after the teenage plaintiff at the centre of the case chose to dismiss his claims. The boy, a 15-year-old from Panama City, Florida, was set to g…
Monday.com is cutting roughly 20 percent of its global workforce, about 620 people, as the Israeli project management company restructures around what it calls its AI Work Platform. The company disclosed the plan in a Form 6-K filed with the US Securit…
Arrakis, a London and Paris startup building what it calls an AI operating system for industrial companies, has emerged from stealth with $38 million in total funding and a thesis that the biggest returns from artificial intelligence will come from fac…
Cisco’s new Antares models are small enough to run on your own machines. And, it claims, they beat Google’s Gemini and rival GPT-class systems at finding bugs. It is releasing them open-weight, though it is vetting who gets access. The pitch from Cisco…
Samsung used its Galaxy Unpacked event in London on Tuesday to launch six products at once, its broadest hardware refresh in years. The lineup includes the Galaxy Z Fold8 Ultra, the first time Samsung has brought its Ultra designation to a foldable, al…
The founder now asking enterprises to trust AI with their laptops once built one of Silicon Valley’s most notorious surveillance tools. Roi Tiger co-created Onavo, the app Meta turned into a scheme to spy on its rivals. His new company, Glow, wants to …
The artificial intelligence industry has no shortage of users. The harder problem is turning that usage into a sustainable business. As generative AI applications spread across consumer and enterprise markets, developers are confronting an unusual comb…