In Brief

Foxconn tells hundreds of Chinese staff to return from its Indian iPhone factories

Hardware /

Apple’s biggest assembly partner, Foxconn, has ordered more than 300 of its Chinese employees to return home from its iPhone factories in India, Bloomberg reported, citing anonymous sources. The employees told to return account for the bulk of Foxconn’s staff in its iPhone facilities in India, and only Taiwanese support staff remain in the country, […]

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Apple reportedly considers letting Anthropic and OpenAI power Siri

AI /

Apple is considering using AI models from OpenAI and Anthropic to power its updated version of Siri, rather than using technology the company has built in-house, according to a report from Bloomberg on Monday. The iPhone maker continues to build out a project internally dubbed “LLM Siri” that uses in-house AI models, according to Bloomberg.

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Meta restructures its AI unit under ‘Superintelligence Labs’

AI /

Meta CEO Mark Zuckerberg is restructuring the company’s AI efforts to center around building  AI “superintelligence.”  Going forward, all teams working on AI at Meta will fall under a new group called Meta Superintelligence Labs, according to Bloomberg, which viewed an internal memo sent Monday.  Alexandr Wang, the former CEO of data labeling startup Scale

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After trying to buy Ilya Sutskever’s $32B AI startup, Meta looks to hire its CEO

AI /

Mark Zuckerberg’s AI talent hiring spree continues. In recent months, Meta tried to acquire Safe Superintelligence, the $32 billion AI startup co-founded by OpenAI’s former chief scientist, Ilya Sutskever, according to a report from CNBC on Thursday. Sutskever ultimately turned Meta down, according to CNBC, but the company is now in talks to hire Safe

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In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

Fintech /

Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post-money valuation of $16 billion. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March, after a $150 million secondary

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The cracks in the OpenAI-Microsoft relationship are reportedly widening

AI /

OpenAI and Microsoft may be reaching an inflection point in their relationship, according to a report from The Wall Street Journal. The report, citing anonymous sources, says OpenAI executives have considered publicly accusing Microsoft of anticompetitive behavior throughout their partnership. OpenAI executives also mulled whether to seek a federal regulatory review of their contract with

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After a string of successes, early-stage fund Felicis raises fresh $900M

Venture /

Felicis founder Aydin Senkut is celebrating his 20th year as an institutional early-stage investor by announcing the firm’s biggest fund yet: a $900 million Fund X. This follows the $825 million Fund IX raised in 2023 and the $600 million Fund XIII raised in 2021. Felicis, a seed and Series A firm, is known for

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