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Black Forest Labs, the company that powers Grok’s image generation, is raising another $100M on a $1B valuation, say sources

While OpenAI pursues yet another monster fundraise, it is not stealing all the oxygen in the room: AI startups building promising foundational models can still open doors, and checkbooks. For example, multiple sources tell us that Black Forest Labs — a startup building generative AI image models, which only came out of stealth two months […]

Black Forest Labs, the company that powers Grok’s image generation, is raising another $100M on a $1B valuation, say sources Read More »

Grok’s image generator, Black Forest Labs, is raising $100M at a $1B valuation, say sources

While OpenAI pursues yet another monster fundraise, it is not stealing all the oxygen in the room: AI startups building promising foundational models can still open doors, and checkbooks. Multiple sources tell us that Black Forest Labs — a startup that’s building generative AI image models and came out of stealth two months ago with

Grok’s image generator, Black Forest Labs, is raising $100M at a $1B valuation, say sources Read More »

Virtuous, a fundraising CRM for nonprofits, raises $100M from Susquehanna Growth Equity

I recently adopted a kitten from a local animal shelter. The modern, well-staffed three-story facility relies almost entirely on donations to operate. It’s just one of the 1.8 million nonprofits in the U.S. that need to continually solicit contributions from donors to maintain its services. But Virtuous founder and CEO Gabe Cooper says that many

Virtuous, a fundraising CRM for nonprofits, raises $100M from Susquehanna Growth Equity Read More »

No, the FAA isn’t fining SpaceX because of Elon Musk’s politics, former FAA head says

This week, Elon Musk identified a new constraint for his Mars-bound ambitions. It wasn’t the -85°F surface temperature, or the 140 million miles he’ll need to travel. Rather, it’s something far more pedestrian: “The fundamental problem is that humanity will forever be confined to Earth unless there is radical reform at the FAA,” he posted

No, the FAA isn’t fining SpaceX because of Elon Musk’s politics, former FAA head says Read More »

Tidal Metals sees seawater as the solution to a critical mineral shortage

Last year, the U.S. designated magnesium as a critical mineral, one of the “electric 18” that are critical for the energy transition. The metal is used in a range of electronics, and it weighs less than aluminum, making it an attractive alternative for automakers.  But like with so many other minerals, China has grown to

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Zeno emerges from stealth to crib Tesla’s master plan for Africa and beyond

When Elon Musk published Tesla’s first “master plan” in 2006, it seemed a bit far-fetched that batteries would end up changing the automotive industry, much less global power production and consumption. Today, as electric vehicles continue to gain market share and massive batteries displace smoke-spewing power plants from the electrical grid, that notion seems less

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Karman Industries hopes its SpaceX-inspired heat pumps will replace industrial boilers

Industrial heat, which is used by companies as diverse as breweries and food processors to chemical manufacturers and paper mills, is one of the last bastions of fossil fuels. After all, it’s pretty hard to beat a flame when you need to heat something up. But recently, a slew of startups have started exploring ways

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Phlair’s carbon sucking technology could lower direct air capture’s costs

When it comes to climate change, there’s no such thing as a “get out of jail free” card. But there might be an inexpensive alternative: direct air capture. The technology isn’t exactly an exoneration, but more like community service; it promises to suck massive amounts of carbon dioxide out of the atmosphere, atoning for our

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India weighs easing market share limits for UPI payment operators

The governing body overseeing India’s popular UPI payments rail is considering easing its proposed market share cap for operators like Google Pay, PhonePe and Paytm as it struggles to enforce limitations, two people familiar with the matter told TechCrunch. National Payments Corporation of India (NPCI), which reports to India’s central bank, is considering increasing the

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Fal.ai, which hosts media-generating AI models, raises $23M from a16z and others

Fal.ai, a dev-focused platform for AI-generated audio, video, and images, today revealed that it’s raised $23 million in funding from investors including Andreessen Horowitz (a16z), Black Forest Labs co-founder Robin Rombach, and Perplexity CEO Aravind Srinivas. It’s a two-round deal. $14 million of Fal’s total came from a Series A tranche led by Kindred Ventures.

Fal.ai, which hosts media-generating AI models, raises $23M from a16z and others Read More »