ChatGPT-maker OpenAI has raised $8.3 billion at a $300 billion valuation, reports The New York Times. The deal is part of OpenAI’s broader strategy to secure $40 billion this year. The oversubscribed round came months ahead of schedule, per the NYT. OpenAI initially raised $2.5 billion from VC firms in March when it announced its […]
OpenAI reportedly raises $8.3B at $300B valuation Read More »
Apple on Thursday signaled that it’s getting more serious about its plans to catch up in the AI race. “We see AI as one of the most profound technologies of our lifetime. We are embedding it across our devices and platforms and across the company. We are also significantly growing our investments,” CEO Tim Cook
Apple plans to ‘significantly’ grow AI investments, Cook says Read More »
At one point, an app called Twitterrific was one of the most popular iPhone apps for browsing Twitter. These days, the company behind that app, and the many apps that followed, is struggling. And AI may partially be to blame. On Wednesday, the company known as the Iconfactory admitted it was at a crossroads and
Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said Wednesday in its second-quarter earnings report that it plans to more than double its spend on building AI infrastructure, like data centers and servers. “We currently expect 2025 capital expenditures, including principal payments on finance leases,
Meta to spend up to $72B on AI infrastructure in 2025 as compute arms race escalates Read More »
Meta CEO Mark Zuckerberg credited AI with driving up the time users spent on the company’s apps in the second quarter. While consumers are increasingly complaining about the prevalence of “AI slop” — or low-quality AI-generated content flooding social apps — Meta says that AI systems are getting better at helping users connect with recommended
Zuckerberg: AI increased the time spent on Facebook and Instagram in Q2 Read More »
Meta CEO Mark Zuckerberg shared his vision on Wednesday for “personal superintelligence,” the idea that people should be able to use AI to achieve their personal goals. Smuggled into the letter is a signal that Meta is shifting how it plans to release AI models as it pursues “superintelligence.” “We believe the benefits of superintelligence
Zuckerberg signals Meta won’t open source all of its ‘superintelligence’ AI models Read More »
AI-powered marketing automation startup Conversion, founded five years ago by two UC Berkeley dropouts, has raised a $28 million Series A led by Abstract, with participation from True Ventures and HOF Capital. The company’s founding story sounds like it could have been an episode of the HBO show “Silicon Valley.” The story begins all the
How 2 UC Berkeley dropouts raised $28 million for their AI marketing automation startup Read More »
Generative AI apps have seen tremendous growth in both downloads and in-app revenue in the first half of 2025, a report from market intelligence firm Sensor Tower said. Users downloaded Gen AI apps 1.7 billion times, compared to 1 billion in H2 2024. These apps doubled in-app revenue, bringing in $1.87 billion in H1 2025,
Gen AI apps doubled their revenue, grew to 1.7B downloads in first half of 2025 Read More »
Observe, an observability platform, was founded in 2017 in response to the changing nature of software observability. Companies started pushing out new versions of their software more frequently — and producing significantly more data because of it. Now, Observe is responding to the latest big shift in technology: AI. San Mateo-based Observe helps companies get
Observe continues to adapt to the changing world of software observability Read More »
Spotify has experimented with various voice interfaces in the past, and more recently, added an AI DJ that introduces tunes the company thinks you’ll like and lets you make your own requests. Now, Spotify is teasing that generative AI advances may pave the way for an even more conversational interface with the streaming service in
Spotify hints at a more chatty voice AI interface in the future Read More »
