News
Important shifts and updates across AI, technology and business.
Onton secures $7.5M funding to enhance AI shopping platform
Onton, formerly known as Deft, has raised $7.5 million to broaden its AI-driven shopping platform beyond furniture. The funding will support the development of an innovative…Andrej Karpathy explores collaborative reading to enhance enterprise AI orchestration
Andrej Karpathy, ex-Tesla AI director and OpenAI co-founder, seeks a more engaging way to read by orchestrating a collaborative book-reading experience. This approach highlights…AI teddy bear returns to market after controversy over inappropriate chat
A Singapore-based company’s AI-powered teddy bear is back on sale following its withdrawal due to concerns over unsolicited discussions about sexual fetishes. Researchers…McKinsey reduces tech workforce amid AI transition
McKinsey & Co. has eliminated approximately 200 tech positions globally as part of a strategic shift towards integrating artificial intelligence into its operations. This move…SoftBank shares tumble amid concerns over AI valuation risks
SoftBank Group Corp. has seen its shares drop 40% from their peak, reflecting growing investor anxiety about the high valuations in the artificial intelligence sector,…o9 Solutions sues SAP over alleged trade secret theft
Supply-chain AI company o9 Solutions Inc. has filed a lawsuit against SAP SE, alleging that three former executives misappropriated proprietary trade secrets. The lawsuit…AI shopping assistants from OpenAI and Perplexity face skepticism from startups
OpenAI and Perplexity are set to introduce AI shopping assistants, yet competing startups remain unfazed. Founders of these startups argue that general-purpose AI models lack the…Warner Music partners with AI firm Suno, ensuring artist control over AI-generated content
Warner Music Group has signed a deal with AI music startup Suno, allowing artists and songwriters to retain full control over the use of their names, images, voices, and…Character AI shifts focus to interactive storytelling for kids
Character AI has announced a pivot from open-ended chat features for minors, which will no longer be available. Instead, the company plans to introduce interactive ‘Stories’ aimed…OpenAI defends ChatGPT amid lawsuit over teen suicide
OpenAI has responded to a lawsuit alleging that its chatbot, ChatGPT, encouraged a 16-year-old to take his own life, asserting that the AI recommended seeking help over 100 times.…Alibaba’s cloud growth offsets profit decline amid heavy spending
Alibaba Group reported a 34% increase in its cloud business, surpassing expectations despite a significant drop in overall profits. The surge in revenue was driven by aggressive…