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 »
Tesla has asked the Environmental Protection Agency not to roll back current vehicle emissions standards, breaking from other major automakers who want to see the rules eased. The company’s request comes the same week that President Donald Trump — who Tesla CEO Elon Musk spent $300 million to help elect — told the United Nations
Replit has raised a $250 million round, valuing the company at $3 billion. Unlike other fast-growing vibe coders, Replit has not been running to VCs every few months, though we’ll see if that changes. Its last raise was in 2023 when it raised about $100 million that valued the company at $1.16 billion post-money. Replit
Replit hits $3B valuation on $150M annualized revenue Read More »
Warner Bros. is suing AI startup Midjourney for copyright infringement, alleging that the company allows users to generate images and videos of characters like Superman, Batman, and Bugs Bunny without permission. As first reported by Reuters, Warner Bros. says that Midjourney knowingly engaged in wrongful conduct, noting that the company previously restricted subscribers from generating
Warner Bros. sues Midjourney for AI images of Superman, Batman, and other characters Read More »
Rivian is laying off around 150 workers — its second small staff cut in a matter of months — as the company readies itself for the all-important launch of its more-affordable R2 SUV next year. The company confirmed to TechCrunch that the new cuts were mostly to its “commercial” team, which deals with sales and
Rivian makes its second small workforce cut of the year ahead of R2 SUV launch Read More »
Mark Zuckerberg is so dedicated to his mixed martial arts (MMA) training that he invited his senior executives to join him for workout sessions. This amusing revelation comes from Nick Clegg’s forthcoming book. Meta’s former president of global affairs shares the story in what Fast Company unfavorably describes as a book with “thin prose,” save
Mark Zuckerberg encouraged execs to do MMA training with him Read More »
Many major airlines are beefing up their in-flight internet offerings by tapping SpaceX’s Starlink satellites, but JetBlue is going in a different direction. Amazon and JetBlue announced Thursday a partnership under which the airline will instead use Amazon’s Project Kuiper satellites to provide free in-flight connectivity starting in 2027. The Kuiper terminals on JetBlue’s planes
JetBlue will use Amazon’s Project Kuiper satellites for free in-flight internet Read More »
Mike Liberatore, xAI’s chief financial officer, has left the company, according to reporting from The Wall Street Journal. This marks the latest in a string of high-profile executive departures. The former Airbnb executive joined the company in April and left around the end of July, per the WSJ. While at xAI, he helped orchestrate the
xAI’s CFO is the latest executive to leave Elon Musk’s AI firm Read More »
Elon Musk’s The Boring Company is finally testing Full Self-Driving (Supervised), the advanced driver assistance system created by Tesla, in the tunnels that connect Las Vegas’ Convention Center to a few nearby hotels, according to Fortune. Steve Hill, the CEO of the Las Vegas Convention and Visitors Authority, told the outlet that The Boring Company
