Thrive Holdings has successfully secured $2 billion in a fresh funding round, pushing its valuation to $12 billion with backing from major investors like SoftBank and Altimeter Capital. The firm operates similarly to a private equity company, acquiring traditional businesses in sectors such as accounting and IT to seamlessly integrate advanced artificial intelligence into their […]
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At the Ai4 conference in Las Vegas, prominent AI researchers Geoffrey Hinton, Fei-Fei Li, and Andrew Ng addressed the heated debate surrounding open-source artificial intelligence. Despite differing viewpoints on safety and implementation, all three experts argued against allowing a handful of major tech corporations to monopolize technological progress and control access to advanced systems. Andrew […]
Continue ReadingAI coding startup Cognition, the creator of the autonomous software agent Devin, is reportedly in talks with investors for a new funding round. The potential deal could value the high-growth company at $40 billion, marking a major leap following its $1 billion raise at a $26 billion valuation just months prior. This rapid financial growth […]
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Food delivery service Grubhub has begun distributing a $23.8 million settlement to over 640,000 drivers and consumers following a legal action brought by the Federal Trade Commission (FTC). The payouts resolve allegations that the company engaged in deceptive practices, including misleading workers about potential earnings and listing unauthorized restaurants on its platform. The settlement stems […]
Continue ReadingStreaming platform Twitch has sparked immediate backlash from its creator community after revealing plans to use stream recordings to train generative AI models for its parent company, Amazon. Under the new policy, users are opted in by default, meaning their audio and video content will automatically feed Amazon’s AI systems unless they manually change their […]
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Northrop Grumman is pioneering a new era of orbital satellite servicing as its Mission Extension Vehicle successfully detached from an Australian Optus communications satellite. The spacecraft spent over a year keeping the communications satellite properly positioned in orbit, effectively compensating for depleted fuel supplies and maximizing the asset’s commercial return. This transition paves the way […]
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Nuclear power startup Fermi has appointed Lee McIntire as its new CEO, more than three months following the departure of co-founder Toby Neugebauer. McIntire brings extensive experience from his leadership roles at Bill Gates-backed TerraPower and CH2M Hill, positioning him to oversee the company’s complex infrastructure projects. The leadership transition coincides with a major commercial […]
Continue ReadingAnthropic’s recent decision to embed invisible watermarks into text generated by Claude has sparked considerable debate among users. The new policy was rolled out primarily to comply with the EU AI Act’s Transparency Code, which mandates that AI-generated or edited content must be identifiable to computer systems. While European regulators welcome the move, a vocal […]
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Electric vertical takeoff and landing (eVTOL) developer Joby Aviation has agreed to acquire Resonant Sciences for $500 million in cash and stock. This strategic move aims to significantly expand the company’s footprint within the defense sector by establishing a dedicated defense business unit. Based in Ohio, Resonant Sciences specializes in radio frequency and sensor technologies, […]
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An unreleased AI model developed by Anthropic has made significant headway on the Riemann hypothesis, a famous unsolved mathematical problem that has stumped researchers for over a century and a half. This breakthrough highlights the growing capability of contemporary large language models to tackle complex theoretical concepts and contribute to advanced scientific research. The milestone […]
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