Sales automation startup Clay has raised a $100 million Series C at a $3.1 billion valuation in a round led by CapitalG, confirming TechCrunch’s report from June. The financing follows a $1.25 billion Series B round from six months ago and a $1.5 billion Sequoia-led tender offer announced a couple of months ago, which allowed […]
Clay confirms it closed $100M round at $3.1B valuation Read More »
Earlier in July, U.S. Secretary of Commerce Howard Lutnick gave chipmakers like Nvidia the green light to start selling certain AI chips in China again, but his department is said to be holding things up. According to reporting from Reuters, Nvidia has yet to receive a license to sell its H20 AI chips. The U.S.
A backlog at the Commerce Department is reportedly stalling Nvidia’s H20 chip licenses Read More »
Over a decade after “The Social Network,” director Aaron Sorkin is reportedly working on a sequel, possibly with two leads in mind. While the 2010 original film focused on Mark Zuckerberg’s rise, “Social Network Part II” is said to draw from Jeff Horwitz’s “The Facebook Files,” which exposed Facebook’s harmful effects on teens and its
The sequel to ‘The Social Network’ may have just found its lead actors Read More »
The Trump administration said on Wednesday that it secured commitments from Google, OpenAI, Amazon, Anthropic, and Apple to start building a digital health ecosystem. The efforts will focus on two areas: creating a framework for patients and providers to easily share information, and creating more personal tools so patients can access resources needed to stay
Big Tech to work with Trump administration to build digital health ecosystem Read More »
Cybersecurity giant Palo Alto Networks announced on Wednesday its intent to acquire identity management and security company CyberArk for $25 billion. The deal, a mix of cash and stock, marks Palo Alto’s entrance into the identity security space, according to a company press release. Palo Alto has been on a shopping spree since Nikesh Arora
Palo Alto Networks agrees to buy CyberArk for $25 billion Read More »
AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources tell Bloomberg, although the deal isn’t yet final and terms could change. Groq raised $640 million at a $2.8 billion valuation in August 2024, making this double the valuation in about a year. Groq previously
Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation Read More »
AI video-generating startups Luma and Runway are looking beyond movie studios. These video-generating AI companies have their sights set on other markets for future revenue streams and have been in talks with both robotics and self-driving car companies, according to reporting from The Information. The report didn’t identify which companies Luma and Runway are in
Luma and Runway expect robotics to eventually be a big revenue driver for them Read More »
Anthropic is nearing a deal to raise between $3 billion and $5 billion in funding, valuing the large language model developer at $170 billion, Bloomberg reported. Iconiq Capital is leading this funding round, but there’s a possibility of a second lead investor joining the deal. The company has also been in talks with Qatar Investment
Anthropic reportedly nears $170B valuation with potential $5B round Read More »
The U.K.’s Competition and Markets Authority (CMA) announced on Wednesday a proposal that would give Apple’s and Google’s mobile platforms “strategic market status” — a designation that allows the regulator to create rules that could change how their app stores operate and how their mobile software works. The move is designed to create a more
UK targets Apple’s and Google’s mobile platforms for regulation Read More »
Data-labeling startup Scale AI is laying off 200 employees, roughly 14% of its staff, and cutting ties with 500 of its global contractors, Bloomberg reported on Wednesday. The cuts come just a month after Meta hired Scale AI’s CEO in a $14.3 billion deal. In a memo obtained by Bloomberg, interim CEO Jason Droege told
Scale AI lays off 14% of staff, largely in data-labeling business Read More »
