In Brief

Slack CEO Denise Dresser to join OpenAI as chief revenue officer

OpenAI is hiring Slack CEO Denise Dresser as its new chief revenue officer. The news was first reported by Wired, then confirmed by OpenAI in a blog post. Dresser’s new role comes after more than 14 years at Salesforce, Slack’s parent company. While at Slack, Dresser oversaw the introduction of several AI features. OpenAI says […]

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SoftBank and Nvidia reportedly in talks to fund Skild AI at $14B, nearly tripling its value

SoftBank Group and Nvidia are in talks to lead an investment of over $1 billion at a $14 billion valuation in Skild AI, a software company building a foundational robotics model, Reuters reported. The nearly three-year-old startup was last valued at $4.7 billion in May when it raised $500 million in a round led by

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Meta reportedly plans to slash Metaverse budget by up to 30%

Meta may be planning to make serious cuts to its Metaverse division, Bloomberg reported, citing anonymous sources. Company executives are mulling slashing the virtual reality platform’s budget by up to 30%, the report said, adding that any reductions would also include layoffs. If Meta does go ahead with such a plan, the move would reflect

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Meta poaches Apple design exec Alan Dye to lead new creative studio in Reality Labs

Alan Dye, the design executive who led Apple’s user interface team for the last decade, is leaving the company to join Meta, according to a report from Bloomberg’s Mark Gurman. This is a significant hire for Meta, as the company makes a push toward consumer devices like smart glasses and virtual reality headsets. Dye will

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Company backed by Donald Trump Jr.’s firm nabs $620M government contract

Vulcan Elements, a rare-earth magnets startup backed by Donald Trump Jr.’s VC firm 1789 Capital, has secured a $620 million contract from the U.S. Department of Defense, as reported by the Financial Times. The contract is part of a $1.4 billion partnership with the U.S. government and ReElement Technologies to expand and boost the domestic

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Fleet Space finds massive lithium deposit using AI and satellites

Startup Fleet Space announced yesterday that it used its satellite-powered AI system to expand the scope of an already massive lithium deposit in Quebec. Finding a mineral resource isn’t easy. Only about three in 1,000 potential deposits end up becoming commercially viable, and it can take years to prove it by drilling core samples. Fleet

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OpenAI learned the hard way that Cameo trademarked the word ‘cameo’

OpenAI’s social app Sora launched with a controversial feature called Cameo, allowing users to deepfake themselves or others (with permission). The feature had a tenuous rollout — Martin Luther King Jr.’s estate had to get involved, to give you an idea of what went on — but now it faces a new challenge. Apparently, Cameo

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