Adobe said on Wednesday that it has agreed to acquire search engine optimization company Semrush for about $1.9 billion in cash, as the Photoshop maker seeks to augment its suite of marketing offerings. In a statement, Adobe said it would offer $12 per share for Semrush, almost double the latter’s closing price of $6.89 on […]
Adobe to buy Semrush for $1.9 billion Read More »
Toyota said on Tuesday it will invest $912 million in five U.S. factories to expand production of hybrid vehicles to meet increasing demand. The investment in hybrid vehicles — of which Toyota is a market leader — is part of the Japanese automaker’s recent announcement to spend up to $10 billion over the next five
Toyota keeps betting on hybrid vehicles in the US Read More »
Developer AI coding tool Cursor continues to gobble up venture capital as its valuation keeps climbing. On Thursday, Cursor announced a $2.3 billion funding round that valued the company at $29.3 billion, as originally reported by the Wall Street Journal. This round more than doubles the company’s previous valuation of $9.9 billion, which it achieved
Coding assistant Cursor raises $2.3B 5 months after its previous round Read More »
Celebrities: they’re just like us? In a Vanity Fair interview, Kim Kardashian — who has been studying to become a lawyer — discussed her “toxic” friendship with ChatGPT, admitting that she has failed law exams after it told her false information. “I use [ChatGPT] for legal advice, so when I am needing to know the
Kim Kardashian says ChatGPT is her ‘frenemy’ Read More »
Chris Sacca’s venture firm Lowercarbon Capital is raising a second fund to back nuclear fusion energy hopefuls, the VC said at the SOSV Climate Tech Summit on Thursday, as reported by Bloomberg. The firm has backed leading fusion startup Commonwealth Fusion Systems, as well as others like Pacific Fusion. It raised a $250 million, fusion-geared fund in 2022. Fusion believers, who include a number
Chris Sacca’s VC firm is raising a second nuclear fusion fund Read More »
Rarely has a month gone by in 2025 without OpenAI signing another multibillion-dollar data center deal. In a lengthy post on X on Thursday, OpenAI CEO Sam Altman publicly clarified the totals. “We expect to end this year above $20 billion in annualized revenue run rate and grow to hundreds of billion by 2030. We
Sam Altman says OpenAI has $20B ARR and about $1.4 trillion in data center commitments Read More »
Meta on Monday announced an update to Facebook Groups that will allow admins to make their previously private groups public, without compromising the privacy of their existing members. The company said that past content will remain private after the conversion, and member lists will remain protected. Often, admins start their groups as private, thinking they
Facebook Groups can now go public without exposing members’ private posts Read More »
General Motors is laying off thousands of workers across multiple electric vehicle and battery plants in the U.S., according to multiple outlets. Around 1,200 employees at the company’s EV factory in Detroit, Michigan, are being placed on “indefinite layoff.” Further cuts and temporary layoffs are being made at GM’s Ultium Cells battery factories in Ohio
GM cuts thousands of EV and battery factory workers Read More »
Electric aviation startup Beta Technologies has priced shares for its initial public offering between $27 and $33, in hopes of raising as much as $825 million, according to a regulatory document filed with the U.S. Securities and Exchange Commission. If the company attracts investors at the top of that range it will debut with a
Electric aircraft startup Beta Technologies seeks to raise $825M in IPO Read More »
Character.AI received a cease-and-desist letter from Disney, urging the chatbot company to remove Disney characters from among the millions of AI companions on its platform, Variety reports. The company allows users to generate AI chatbots that can range from real people like Elon Musk to fictional characters like Hermione Granger, plus users’ own original creations.
CharacterAI removes Disney characters after receiving cease-and-desist letter Read More »
