Silicon Valley-based robotics startup Figure AI is in talks to raise a massive $1.5 billion round at a $39.5 billion valuation, Bloomberg reports. That’s a whopping 15 times higher than Figure’s $2.6 billion post-money valuation for its $675 million Series B last year. Figure’s current round is expected to be led by Align Ventures and […]
Figure AI is in talks to raise $1.5B at 15x its last valuation Read More »
DeepSeek has gone viral. Chinese AI lab DeepSeek broke into the mainstream consciousness this week after its chatbot app rose to the top of the Apple App Store charts (and Google Play, as well). DeepSeek’s AI models, which were trained using compute-efficient techniques, have led Wall Street analysts — and technologists — to question whether the U.S. can maintain its
DeepSeek: Everything you need to know about the AI chatbot app Read More »
Public semiconductor company Arm will start making its own chips this year after landing a high-profile enterprise customer. Arm, which is majorly owned by SoftBank, will start making its own chips now that Meta has signed on as a customer, according to the Financial Times. The chip is expected to be a CPU for servers
Arm is launching its own chip this year with Meta as a customer Read More »
A consortium of investors led by Elon Musk’s x.AI offered to buy OpenAI for $97.4 billion last week. OpenAI CEO Sam Altman has dismissed the proposal, which would gum up OpenAI’s planned conversion from a non-profit, something Musk is attempting to block in a lawsuit. Altman’s lawyers argued in a Wednesday filing that Musk can’t
Elon Musk’s full offer letter to buy OpenAI reveals five key details Read More »
When EJ Cho started his first company in 2018, he was exposed to what it takes to market a product. He was surprised to find a market filled with different single-use tools. “It was a very frustrating experience,” Cho told TechCrunch. “I had to learn and juggle all these different tools. It felt like a
Tofu is building an omni-channel marketing platform for enterprises Read More »
More and more legal professionals are embracing AI, surveys show. Per a recent poll from legaltech company Clio, 79% of firms used some form of AI for casework last year, up from just 19% in 2023. Despite some skepticism of the tech, in-house counsel has shown an interest, as well, with one survey suggesting that
SpotDraft taps AI to help streamline contract management Read More »
In this episode of the StrictlyVC Download, Nextdoor CEO Nirav Tolia joins Connie and Alex to talk about the challenges of running a public company and his decision to step back into leadership after over five years away from the role. He also discusses why now is the right time for a product overhaul and
Nirav Tolia is turning to AI to keep things neighborly on Nextdoor Read More »
ChatGPT, OpenAI’s chatbot platform, may not be as power-hungry as once assumed. But its appetite largely depends on how ChatGPT is being used, and the AI models that are answering the queries, according to a new study. A recent analysis by Epoch AI, a nonprofit AI research institute, attempted to calculate how much energy a
ChatGPT may not be as power-hungry as once assumed Read More »
Microsoft has added another 389 megawatts of renewable power to its portfolio as the tech giant scrambles to meet the power demands required to match its AI ambitions. The additional renewable power spans three solar projects developed by EDP Renewables North America — two in southern Illinois and one outside Austin, Texas. Microsoft is buying
Microsoft powers AI ambitions with 400 MW solar purchase Read More »
On Monday, Elon Musk, the world’s richest man, offered to buy the nonprofit that effectively governs OpenAI for $97.4 billion. The unsolicited buyout would be financed by Musk’s AI company, xAI, and a consortium of outside investors, per a letter sent to California and Delaware’s attorneys general. OpenAI CEO Sam Altman quickly dismissed Musk’s bid,
How Musk’s $97.4B bid could gum up OpenAI’s for-profit conversion Read More »
