OpenAI is previewing a significantly accelerated version of its most advanced model, designed to attract enterprise customers by dramatically improving processing speed.
Databricks initially sought to raise $1 billion for its latest funding round but faced overwhelming interest from investors aiming to invest $15 billion. Ultimately, the company agreed to raise $5 billion, achieving a valuation of $190 billion. CEO Ali Ghodsi told TechCrunch that AI technology is costly, and given the high level of investor enthusiasm, they decided to accept more capital than originally planned.
Security researcher Nightmare Eclipse has released a new zero-day vulnerability affecting Windows, despite Microsoft issuing public warnings of potential legal action. This latest disclosure highlights ongoing tensions between independent researchers and large tech companies over vulnerability reporting and disclosure.
Investors are still awaiting their portion of a $250 million payout after the collapse of a major acquisition. Vinayak Shrivastav, co-founder of VideoVerse, is now embroiled in several legal disputes involving accusations of fraud and forged signatures.
Lovable, the startup recently reported to have reached a $500 million annualized run rate revenue by June, has secured a new funding round of $400 million, pushing its valuation to $13.3 billion, according to the company’s statement to TechCrunch.
Form Energy, now with Google and Crusoe as clients, has successfully raised $750 million to ramp up manufacturing of its groundbreaking 100-hour batteries, designed to enhance grid energy storage.
Tesla plans to establish a large-scale solar panel factory in Texas with an estimated investment of $10 billion. However, the electric carmaker is requesting financial assistance from the state to help offset the construction and operational costs.
A known extortion gang that frequently targets transportation and private equity sectors has claimed responsibility for a data breach at Uber Freight, prompting an ongoing investigation by the company.
Thrive Holdings has successfully raised $2 billion in funding, reaching a valuation of $12 billion. Key investors include SoftBank, D1 Capital Partners, and Altimeter Capital, supporting Thrive's mission to enhance AI adoption within enterprise environments.
At the Ai4 conference, top AI figures Geoffrey Hinton, Fei-Fei Li, and Andrew Ng engaged in a critical discussion on AI regulation, the merits of open-source technology, and strategies for maintaining American competitiveness in the face of China's rapid progress in Asia.
