Plaid valued at $8B in employee share sale
The new valuation is a 31% increase from $6.1 billion Plaid reached in April.
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xAI founding member Toby Pohlen departs as Elon Musk's AI startup faces wave of exits
The departure comes amid what appears to be a broader exodus from xAI. Two co-founders and at least six other researchers have left the company in recent weeks.
'80 Pc People Lost Jobs By 2030': Interview With Elon Musk, Sam Altman, Jeff Bezos From Future- AI Reimagines
An AI-generated video of Elon Musk, Sam Altman, and Jeff Bezos getting interviewed in the future was shared on social media, ...
Elon Musk takes aim at insane LA subway costs, says he can dig tunnels for a bargain
Elon Musk just fired another shot at Los Angeles. The tech billionaire amplified a viral X post claiming his tunneling startup could dig underground tunnels for far less than Metro is paying for rail ...
Jack Dorsey's Block cuts 40% of staff, 4,000+ people — and yes, it's because of AI efficiencies
Former Twitter co-founder Jack Dorsey's new company Block — the parent of merchants payment system Square, mobile peer-to-peer payments Cash App, music streamer Tidal, and open source AI agentic system Goose — is sending shockwaves across the business world tonight after announcing a more than 40% headcount, cutting its workforce by more than 4,000 people out of a prior total of 10,000, despite its latest quarterly earnings statement released today showing $2.87 billion in gross profit up 2
Netflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount
In a one-two punch of centibillion-dollar offers, the bidding war for Warner Bros. Discovery is over. David Ellison-owned Paramount will acquire Warner Bros. Discovery. Netflix has lost.
Jack Dorsey just halved the size of Block’s employee base — and he says your company is next
Jack Dorsey has long been an open admirer of Elon Musk. Now, it seems, he may have been taking notes.
Anthropic CEO stands firm as Pentagon deadline looms
Anthropic CEO Dario Amodei said Thursday that he "cannot in good conscience accede" to the Pentagon's demands to give the military unrestricted access to its AI systems.
PayPal might not be looking to sell itself: Report
PayPal may not be in talks to be acquired, sources have told Semafor, after a previous news report that Stripe was sniffing around.
8 billion tokens a day forced AT&T to rethink AI orchestration — and cut costs by 90%
When your average daily token usage is 8 billion a day, you have a massive scale problem. This was the case at AT&T, and chief data officer Andy Markus and his team recognized that it simply wasn’t feasible (or economical) to push everything through large reasoning models. So, when building out an internal Ask AT&T personal assistant, they reconstructed the orchestration layer. The result: A multi-agent stack built on LangChain where large language model “super agents” direct smaller, un
Google paid startup Form Energy $1B for its massive 100-hour battery
The deal paves the way for Form Energy to raise a new funding round before potentially going public next year.
So, we’re getting Prada Meta AI glasses, right?
Mark Zuckerberg was at Prada's fashion week event in Milan, leaving everyone to wonder if we're getting Meta AI glasses under the Prada brand.
Sophia Space raises $10M seed to demo novel space computers
The company's modular computer tiles offer a new vision for space data centers.
Memory shortage could cause the biggest dip in smartphone shipments in over a decade
IDC says phone makers will ship only 1.12 billion smartphones as compared to 1.26 billion last year.
Mistral AI inks a deal with global consulting giant Accenture
Mistral AI lands a partnership with Accenture, the consultant that has also recently announced partnerships with rivals OpenAI and Anthropic.
Threads is testing a shortcut to quickly start DM conversations
Users who are part of the test can type "DM me" or "Message me" in a post or reply to automatically generate a hyperlink that invites others to start a private conversation with them.
HAX’s Deep Tech Showcase During NYC Deep Tech Week
Deep tech has always mattered, but right now, the tailwinds are stronger and more urgent than at any point in the last 40 years. Global demand and national security priorities are converging, making this area critical to the next decade of industrial and economic growth.As part of NY Deep Tech Week, meet 20+ deep tech companies driving that transformation – all graduates of HAX, SOSV’s hard-tech program and the world’s most active pre-seed investor for deep tech founders. You will meet Seed and
Read AI launches an email-based ‘digital twin’ to help you with schedules and answers
Read AI is launching Ada, which can reply with your availability and extract answers from the company knowledge base and the web.
Google's Nano Banana 2 takes aim at the production cost problem that's kept AI image gen out of enterprise workflows
For the last six months, enterprises wanting to deploy high quality AI image generation at scale have faced an uncomfortable trade-off: pay premium prices for Google's Nano Banana Pro model, or settle for cheaper (sometimes free), faster, but noticeably inferior alternatives — especially in terms of enterprise requirements like embedded accurate text, slides, diagrams, and other non aesthetic information. Today, Google DeepMind is attempting to collapse that gap with the launch of Nano Bana
Bumble adds AI-powered photo feedback and profile guidance tools
Bumble and other popular dating apps, like Match Group's Tinder and Hinge, have all embraced AI-powered features.