Databricks, the data analytics platform, has raised $10 billion in a funding round that values the company at $62 billion (up from $43 billion). Backers include Thrive Capital, Andreessen Horowitz, DST Global, GIC, and Iconiq Growth. The round is one of the largest venture rounds in history, and will drive future future mergers and acquisitions, […]
Databricks raises $10B as it barrels toward an IPO Read More »
There are few matters in life that divide a room more than the prudence of putting pineapple on pizza. But if you’re of the persuasion that tropical fruit has no place on a pie, you’ll have to swallow a bitter pill — if you want to access the WordPress.org developer portal and forum, at least.
Pineapple on pizza is delicious — and if you disagree, you can’t log in to WordPress.org Read More »
Meta has agreed to a $50 million payment program to settle a long-running proceeding in Australia related to misuse of information for political ad targeting, the country’s information watchdog OAIC announced Tuesday. The settlement concerns the 2018 Cambridge Analytica scandal, when data on millions of Facebook users was exfiltrated without their knowledge or consent by
Meta to set up $50M privacy payment scheme to settle Australian proceeding Read More »
TikTok and ByteDance asked the United States Supreme Court to block the law that forces TikTok to be sold off or banned in the United States, according to an emergency filing with America’s top court on Monday. The social media company requested that the Supreme Court consider blocking the sell-or-ban law passed earlier this year
TikTok asks Supreme Court for a lifeline as sell-or-ban deadline approaches Read More »
Facebook’s parent company, Meta, is supporting Elon Musk’s effort to block OpenAI’s conversion from a nonprofit company into a for-profit one. As reported by The Wall Street Journal, Meta sent a letter to California attorney general Rob Bonta, arguing that allowing the shift would have “seismic implications for Silicon Valley.” And while the company asked
Meta asks California attorney general to block OpenAI’s conversion to for-profit Read More »
OpenAI co-founder Ilya Sutskever spoke on a range of topics at NeurIPS, the annual AI conference, Friday afternoon before accepting an award for his contributions to the field. Sutskever gave his predictions for “superintelligent AI” — AI more capable than humans at many tasks, which he believes will be achieved at some point. Superintelligent AI
OpenAI co-founder Ilya Sutskever believes superintelligent AI will be ‘unpredictable’ Read More »
Liquid AI, an AI startup co-founded by robotics luminary Daniela Rus, has raised $250 million in a Series A led by AMD. Per Bloomberg, the round values Liquid AI at over $2 billion. Liquid AI aims to build general-purpose AI systems powered by a relatively new type of AI model called a liquid neural network. Liquid
Liquid AI just raised $250M to develop a more efficient type of AI model Read More »
Zoox co-founder and CTO Jesse Levinson told the crowd at TechCrunch Disrupt 2024 that he didn’t think Tesla would launch a robotaxi ride-hailing service in California (or anywhere else) next year, despite what Elon Musk had claimed. The “fundamental issue is they don’t have technology that works,” he said at the time. But it seems that
Tesla’s loss is Zoox’s gain Read More »
Zomato, India’s top food delivery and quick commerce platform, has been slapped with a tax bill of $94.5 million. The Indian tax authority has ordered the $32 billion firm to pay 401.7 crore in allegedly unpaid gross goods and services tax for the period between October 29, 2019, and March 31, 2022. The order also
India’s Zomato slapped with $95 million tax bill Read More »
A few years ago, Australia passed legislation requiring platform giants including Facebook-owner Meta and YouTube’s parent Google to negotiate with news publishers to pay for journalism reshares. The News Media Bargaining Code forced Big Tech to cut deals with local news outlets. However, Meta has since moved away from promoting news on its platforms globally
After Meta signals end to publisher payouts, Australia plots Big Tech news tax Read More »
