In an inaugural investor letter, Thrive Capital founder Joshua Kushner criticized West Coast venture capitalists for their excessive euphoria regarding artificial intelligence, warning that such excitement can weaken crucial investment discipline. Unlike the traditional Silicon Valley model of spreading many small bets hoping for a few outlier hits, Thrive concentrates about 90% of its capital […]
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Negotiations regarding the future of PayPal have entered a critical phase, with reports indicating that discussions to acquire the fintech pioneer by Stripe and private equity firm Advent International are intensifying. An initial takeover bid valued the company at $53 billion, a proposal that was initially rebuffed by PayPal leadership. The company’s management, led by […]
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Automattic, the parent company of WordPress.com, has released its personal CRM and relationship manager app, Mesh (formerly known as Clay), on Android devices. The software is designed to help users privately organize their personal and professional networks, keep track of contact notes, and set communication reminders. The newly tailored Android app integrates deeply with the […]
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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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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Decentralized social network Bluesky is experiencing a notable drop in monthly and daily active users, according to recent data from Similarweb. While the platform continues to attract new registrations, its mobile app usage has fallen by over 50% from its late-2024 peak, which was driven by an exodus of users from Elon Musk’s X following […]
Continue ReadingOpenAI has finally addressed a major gap in its desktop ecosystem by releasing an official ChatGPT application designed specifically for Linux. This launch responds to long-standing requests from the open-source developer community, which had been pressing for a dedicated native client. Currently released in preview worldwide, the new app brings core features like ChatGPT, ChatGPT […]
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The FBI has issued a public warning regarding a surge in cybercriminals hacking into social media accounts to steal explicit images and videos from both adults and children. Perpetrators primarily utilize social engineering, phishing, and brute-force attacks, frequently targeting individuals with public profiles such as student-athletes. The stolen content is often leveraged for sextortion, online […]
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Venture capital firm Accel has successfully closed a new $550 million fund focused on the Indian market. The fundraising process was oversubscribed and completed within weeks, forming part of a coordinated global capital-raising initiative totaling $3.5 billion. Even though the firm still holds substantial capital from its previous vehicle, it remains highly optimistic about India’s […]
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Musician and entrepreneur Tom Vek has returned with an updated, sleeker version of Sleevenote, a dedicated digital music player designed to bring the tactile magic of album art and liner notes into the modern era. Inspired by vinyl packaging, the device aims to cater to the growing demand for offline, distraction-free music listening without falling […]
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