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The Trump Administration will get $10 billion in payments from investors in a company designed to safeguard the user data of U.S.-based TikTok users, The Wall Street Journal reported. Investors in the company, which include Abu Dhabi-based MGX, Silver Lake and Oracle, paid the Treasury ...
xAI is hiring a senior staffer from Thinking Machines Lab to work on training its Grok models, according to a person with direct knowledge of the move, as Elon Musk says the AI company is “being rebuilt” after the majority of its founding team left. Devendra Chaplot, whose website describes him ...
Andreessen Horowitz and Kleiner Perkins are co-leading an investment in Mirendil, a new AI startup started by ex-Anthropic researchers, The Information reported on Friday. The startup is in talks to raise $175 million at a $1 billion valuation, the people said. Mirendil, which is working on ...
The judge overseeing Elon Musk’s breach of charitable trust lawsuit against OpenAI said the court would not throw out testimony from Musk’s damages expert that OpenAI should pay Musk up to $109 billion if a jury finds OpenAI in the wrong. Judge Yvonne Gonzalez Rogers, speaking at a pre-trial ...
A memecoin linked to Donald Trump jumped more than 50% after promoters advertised an exclusive event for top holders of the $Trump cryptocurrency at Mar-a-Lago that promised the President’s attendance. The website, gettrumpmemes.com, said nearly 300 holders of the $Trump coin will be invited to ...
Former Anthropic researchers are in talks to raise $175 million at a $1 billion valuation for a new startup that aims to conduct AI-driven research and development for scientific fields such as biology and materials science, according to people who have spoken to them.
Andreesseen Horowitz and Kleiner Perkins are in talks to co-lead the round, they said. The new company, Mirendil, is the latest...
Amazon Web Services is working with AI chip startup Cerebras Systems on a new service that aims to boost the performance of AI applications running in the cloud. The service, which is launching in the next couple of months as part of Amazon’s Bedrock application-building service, will use a ...
Former Uber CEO and cofounder Travis Kalanick is preparing to launch a new robotics and self-driving car company with major backing from the ride-hailing giant, according to several people familiar with the matter.
Kalanick has also been discussing acquiring the startup founded by Anthony Levandowski, a self-driving car pioneer who has been developing autonomous software for mining and other...
When companies typically go public, they appoint one or two investment banks to oversee everything—from valuing the company to lining up investors. That’s not how Elon Musk plans to handle the upcoming SpaceX giant’s initial public offering.
The rocket and AI firm has discussed dividing up roles among a larger group of investment banks, according to people familiar with the discussions....
Amazon Prime Video told customers today that it was raising the price for its ad-free tier from $2.99 a month to $4.99 a month. That’s in addition to the cost of a Prime membership. The price increase, which kicks in April 10, also comes with access to other features, like the ability to watch ...