Meta’s chief technology officer Andrew Bosworth told employees at a July Q&A that AI productivity gains should be used to build more products, not to take more time off. An employee had asked whether the gains could be channelled into reviving “Met…
NavVis, a Munich-based spatial twin platform, raised €73.7 million ($85 million) in a Series D round led by US private equity firm The Jordan Company. Existing investors Yttrium, KOZO KEIKAKU ENGINEERING, and Cipio Partners also participated. The compa…
The AI trade blew up its own poster child last month, and thousands of people decided to keep betting on him. More than 5,000 retail investors are still mirroring Leopold Aschenbrenner’s stock portfolio, Business Insider reported, even after his hedge …
Apple’s Private Relay is supposed to hide your IP address. Researchers have found three ways it does not. The paid feature, part of an iCloud+ subscription, masks your real IP address while you browse in Safari. But three flaws in WebKit, Apple’s brows…
Nik Storonsky wants a bigger slice of Revolut, and he has picked an ambitious price. The cofounder and chief executive is in talks over a new share award, the Financial Times reported. It would grow his stake if the fintech reaches a $500 billion valua…
One of the most talked-about funds in AI is wagering again, barely a week after it nearly blew up. Situational Awareness, the firm founded by Leopold Aschenbrenner, has returned to investing with a $400M bet. The return is remarkable given what just ha…
Google’s biggest bet in India is meeting resistance on the ground. Its $15bn data-centre project in Visakhapatnam has run into mounting opposition over water use and the wildlife living beside it. The project is enormous by any measure. Built with Gaut…
Travis Kalanick is putting the band back together. His industrial-robotics startup Atoms has hired Gautam Gupta, who ran Uber’s finances during Kalanick’s tenure, as its new chief financial officer. Gautam Gupta was Uber’s finance chief from 2013 until…
The mood around corporate AI spending is turning, and Uber is saying so out loud. The company’s chief technology officer, Praveen Neppalli Naga, says the era of tokenmaxxing is coming to an end. The term needs a translation. Tokenmaxxing is the practic…
Yann LeCun has found a VC fund that will actually launch. The Meta former chief AI scientist is joining 224 Ventures, a new firm that announced Wednesday with more than $100 million in assets under management. His co-partner is Oriol Vinyals, who until…