News
Important shifts and updates across AI, technology and business.
Jeff Bezos secures $10 billion for ambitious AI lab project
Jeff Bezos is on the brink of completing a substantial $10 billion funding round for his AI startup, which aims to create advanced models capable of comprehending the physical…Singapore’s regulator calls for enhanced bank cybersecurity amid AI concerns
Singapore’s financial regulator is pressing banks to address vulnerabilities in their cybersecurity systems as fears surrounding Anthropic PBC’s new AI model, Mythos, extend to…iQiyi embraces AI in ambitious content transformation
iQiyi Inc. is set to revolutionize its streaming platform by leveraging AI to create a significant portion of its films and shows from scratch. This major overhaul marks a pivotal…Cursor seeks $2B funding at $50B valuation amid rising enterprise demand
Cursor is in discussions to secure over $2 billion in funding, aiming for a valuation of $50 billion, driven by robust growth in the enterprise sector. Returning investors…Snap Inc. plans major layoffs and cancels Perplexity deal
Snap Inc. is set to cut 15-20% of its workforce as part of a restructuring effort, with some teams facing significant layoffs while the Specs unit continues to hire. The company…Perplexity launches AI assistant for Mac users
Perplexity has expanded its AI offerings by introducing its Personal Computer assistant for Mac systems, enhancing user experience with advanced multi-model orchestration. This…Salesforce unveils Headless 360 to enhance automated enterprise processes
Salesforce has introduced Headless 360, a new platform that integrates AI and developer tools into a headless, API-driven architecture. This allows software agents to manage…OnlyFans seeks $3 billion valuation through minority stake sale talks
OnlyFans is currently in advanced negotiations with Architect Capital to sell a minority stake in the company. This deal could elevate the platform’s valuation to over $3 billion,…Anthropic CPO exits Figma board amid competitive product plans
Krieger’s resignation from Figma’s board comes as he prepares to launch a rival design tool, raising concerns among investors about the potential dominance of major AI labs in the…OpenAI launches GPT-Rosalind, a specialized LLM for biology research
OpenAI has introduced GPT-Rosalind, a language model specifically tuned for biology workflows. Currently available in closed access, this LLM aims to assist researchers in the…Sequoia Capital’s new leadership secures $7 billion for major investments
Sequoia Capital has successfully raised approximately $7 billion for a new fund, marking a significant milestone for the firm under its new leadership. This fundraising effort…