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Meta Platforms is set to commence a significant company-wide restructuring on May 20, initiating layoffs that will impact approximately 8,000 employees, representing 10% of its global workforce. This substantial
AI chip startup Cerebras Systems has officially filed for an initial public offering (IPO), marking a renewed attempt after a 2024 withdrawal. The company, which touts its "fastest AI hardware" and boasts major deals with AWS and OpenAI, looks to capitalize on recent momentum and substantial private funding to accelerate its growth.
AI coding startup Cursor is nearing a $2B+ funding round at a $50B valuation, nearly doubling its previous valuation in six months. Led by Thrive and Andreessen Horowitz, this capital injection is fueled by rapid enterprise growth and improved profitability from its proprietary AI model.
Portland, Oregon – Entrepreneur Taylor Marean has launched Fetchlist, a new delivery startup designed to streamline the notoriously awkward logistics of buying and selling secondhand items on platforms like Craigslist
Many of us developers dream of building a groundbreaking product, perhaps even a startup. The conventional wisdom often points to seeking venture capital (VC) funding as a prerequisite for scale. But what if there was
Compliance startup Delve has been removed from Y Combinator's portfolio amidst accusations of fake compliance, misleading clients, and data issues. This follows Insight Partners' earlier distancing. Delve's leadership attributes the claims to a malicious attack and has apologized, outlining steps to restore customer trust.
Intel's Binary Optimization Tool (BOT) significantly boosts Geekbench 6.3 scores by up to 30%, primarily through aggressive instruction vectorization. However, BOT is opaque, supports only a handful of applications, and introduces a startup delay. This leads to concerns about fair benchmarking, as it measures peak rather than typical performance, creating an unrealistic advantage for Intel CPUs against competitors.
Nomadic secures $8.4 million in seed funding, valuing the AI startup at $50 million. Its platform transforms vast autonomous vehicle and robot video data into structured, searchable datasets, critical for AI training and identifying crucial edge cases.
All eleven co-founders of Elon Musk's artificial intelligence company, xAI, have reportedly departed, culminating in a complete overhaul of its founding team. This exodus follows Musk's admission that xAI's products were "not built right" and comes amidst a $250 billion acquisition by SpaceX and a highly competitive AI talent market.
Smartsheet has announced four C-suite changes, including two new hires and two promotions, as CEO Rajeev Singh continues to build his leadership team after recent layoffs. Separately, fashion rental startup Armoire has appointed Morgan Cundiff as head of product and machine learning. Additionally, long-time Microsoft director Javier Páramo has launched AIQLinea, a new Redmond-based startup focused on guiding companies through AI adoption strategies.
Aetherflux, founded by Robinhood co-founder Baiju Bhatt, is reportedly raising a Series B round of $250M-$350M at a $2 billion valuation, with Index Ventures leading. The startup has strategically pivoted from space solar power to developing space data centers for AI, aiming to launch its first orbital data center by 2027. This move places Aetherflux in a competitive emerging market alongside other major space companies.
Blossom Health, a New York-based telepsychiatry startup, has raised $20 million in combined seed and Series A funding. The capital will scale its AI-powered platform, which uses clinical copilots and automated administrative support to help psychiatrists address the severe U.S. mental health care shortage. The company aims to improve access and efficiency while maintaining clinical quality.
A Los Angeles jury found Meta and Google (YouTube) liable for intentionally building addictive social media platforms that harmed a young woman's mental health, awarding $3 million in compensatory damages. This landmark verdict is the first of its kind in the US, establishing a crucial legal precedent for over 1,500 similar cases against tech giants.
Norwegian startup Lace has secured $40 million in Series A funding to advance its groundbreaking chip-making technology. The company plans to replace traditional light-based lithography with helium atom beams, promising chip features up to ten times smaller than current capabilities. This investment, led by Atomico and including Microsoft's M12, highlights a strategic push to diversify the semiconductor supply chain and meet growing AI demand.
Insight Partners has removed a key article about its Series A investment in compliance startup Delve, following whistleblower allegations of "fake compliance" and fabricated audit evidence. The move by the prominent venture capital firm suggests a potential distancing from Delve, which denies the claims, asserting it provides an automation platform and templates, not reports.
Billionaire-backed startup R3 Bio is developing genetically-engineered, nonsentient "organ sacks" to replace animal testing. This initiative aligns with the Trump administration's efforts to phase out animal experimentation, offering a potentially humane and effective alternative for scientific research. The company aims to eventually create human versions for personalized medical testing.
Compliance startup Delve, a prominent Y Combinator-backed company with a recent $32 million Series A funding round valuing it at $300 million, is currently facing serious accusations of misleading hundreds of customers
Compliance startup Delve, a Y Combinator-backed company that raised a $32 million Series A last year at a $300 million valuation, is facing serious allegations of providing “fake compliance” services. An anonymous
Nvidia's GTC conference featured CEO Jensen Huang projecting $1 trillion in AI chip sales by 2027, unveiling an 'OpenClaw strategy,' and emphasizing Nvidia's foundational role in AI and robotics, impacting startups.
K2 Space, a startup founded by former SpaceX engineers Karan and Neel Kunjur, is set to launch its inaugural high-powered satellite, Gravitas, this month aboard a SpaceX Falcon 9 rocket. The ambitious mission aims to
China is escalating scrutiny over Meta's $2 billion acquisition of Manus, a Singaporean AI startup with Chinese origins. Officials from China's National Development and Reform Commission have met with executives and are reportedly restricting Manus personnel from leaving China, aiming to deter Chinese AI talent from moving offshore.
Vilnius-based WhiteBridge AI, a people-search and digital identity platform, has secured a $3 million seed round led by FIRSTPICK VC. The capital will boost data integrations, enhance verification infrastructure, and further develop its comprehensive search and research platform, empowering both businesses and individuals with clearer online identity management.
Are you tired of slow Windows boot times, even after carefully disabling apps in Task Manager's Startup tab? You're not alone. What Task Manager shows you is merely a fraction of what actually launches when your
The U.S. Army announced late Friday a landmark 10-year contract with defense technology startup Anduril, a deal that could be valued at up to $20 billion. This significant agreement is set to streamline the Army's
Nyne, a father-son startup, raised $5.3 million in seed funding. It aims to empower AI agents with crucial human context by analyzing public digital footprints, bridging a key gap for autonomous decisions and personalized customer engagement.
