The Texas-based company said hackers accessed applicants’ SSNs and financial information
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Private equity firm Thoma Bravo has closed its inaugural European fund at €1.8 billion ($1.9 billion), through which it plans to take equity stakes in mid-sized software companies across the continent. Europe has no shortage of homegrown venture capital (VC) funds — the likes of Atomico and Cherry Ventures have closed early and growth-stage funds […]
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Party promoter Billy McFarland is back with Fyre Festival 2. Scheduled to take place in Isla Mujeres, Mexico from May 30 to June 2, tickets just went on sale, ranging from $1,400 to a truly brazen $1.1 million — even though no artists have been confirmed, and McFarland himself isn’t sure if he can legally […]
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WordPress.com owner Automattic last year acquired the multi-service messaging app Beeper for $125 million and said it would merge it with Texts.com, an earlier acquisition in the same category. Now, Beeper is releasing the first set of redesigned apps for iOS and desktop in beta after the merger. In a blog post, Beeper said that […]
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The U.K. government is pushing forward with plans to attract more AI companies to the region by changing copyright law. The proposed changes would allow developers to train AI models on artists’ content found online — without permission or payment — unless creators proactively “opt out.” Not everyone is marching to the same beat, though. […]
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Ofcom, the U.K.’s internet safety regulator, has published another new draft guidance as it continues to implement the Online Safety Act (OSA) — the latest set of recommendations aim to support in-scope firms to meet legal obligations to protect women and girls from online threats like harassment and bullying, misogyny, and intimate image abuse. The […]
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In a bold move last month, Scale AI CEO Alexandr Wang took out a full-page ad in The Washington Post, telling President Trump that “America must win the AI war.” The statement sparked mixed reactions, as seen during Wang’s appearance Sunday during the opening night of Web Summit Qatar. When Wang’s interviewer, Axios’ Felix Salmon, […]
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Anthropic’s next funding round is reportedly growing larger. Anthropic, which makes the AI chatbot Claude, is finalizing a $3.5 billion fundraising round that values the company at $61.5 billion, according to The Wall Street Journal. Anthropic initially set out to raise $2 billion, but investors have now agreed to a larger tranche, per the WSJ. […]
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Edtech company Chegg has sued Google claiming that the tech giant’s AI summaries of search results have hurt Chegg’s traffic and revenue. In the suit, filed in the U.S. District Court for the District of Columbia, Chegg accuses Google of unfair competition — specifically reciprocal dealing, monopoly maintenance, and unjust enrichment. Google, Chegg claims, forces […]
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Do you sometimes refer to X by its old name, Twitter? That’s okay. Even Elon Musk, the man who changed Twitter’s name to X, still occasionally refers to the social media platform he runs as Twitter. “Twitter added far more features with fewer people,” said Musk in a post on X Monday. The owner of […]
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Elizabeth Holmes and Ramesh “Sunny” Balwani’s appeal to overturn their fraud convictions and reduce their prison sentences was denied Monday by the Northern District Court of California, which also refused to soften their $452 million joint restitution order. Holmes, the founder of Theranos, and Balwani, its former COO, were convicted in separate trials in 2022 […]
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Apple Fellow Phil Schiller, the executive in charge of leading the App Store, testified in court on Monday that he had originally raised concerns about the 27% commission the iPhone maker planned to charge app developers on any purchases made outside the App Store. In addition to being a potential compliance risk, he suggested that […]
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Over the weekend, Elon Musk surveyed his followers on X — the platform he spent $44 billion to buy — asking whether federal employees should be required to send his team an email with a list of five things they accomplished this week. With the yes votes totaling over 70%, Musk followed through. Federal employees […]
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Anthropic used Pokémon to benchmark its newest AI model. Yes, really. In a blog post published Monday, Anthropic said that it tested its latest model, Claude 3.7 Sonnet, on the Game Boy classic Pokémon Red. The company equipped the model with basic memory, screen pixel input, and function calls to press buttons and navigate around the […]
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SpaceX said Monday that last month’s Starship explosion was brought on by a cascading series of events caused by propellant leaks — a problem the company says has been addressed ahead of an eighth test flight that could happen as early as Friday. The spaceflight company is still waiting for the Federal Aviation Administration (FAA) […]
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Music streamer SoundCloud announced a partnership with Ticketmaster and Universe, owned by Live Nation, to let artists list events on their profile in a customized way. The company said it would create more promotion opportunities for artists in the future in partnership with Ticketmaster through a new promotion program but didn’t give any more details. […]
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Khosla Ventures, a firm known for early investments in OpenAI, is raising $3.5 billion across three funds, The Wall Street Journal reported. That target is 17% larger than the firm’s previous 2023 fund haul of $3 billion. About half of the new capital will be allocated to its ninth core venture fund. The remaining money will […]
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After launching automatically generated captions for videos last year, Google Drive is now launching searchable video transcripts. Google announced that starting Monday, Drive users can now view and search transcripts for their videos. The new feature gets rid of the need to upload a video’s audio to a transcription service like Otter. Transcripts will appear […]
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Anthropic is releasing a new frontier AI model called Claude 3.7 Sonnet, which the company designed to “think” about questions for as long as users want it to. Anthropic calls Claude 3.7 Sonnet the industry’s first “hybrid AI reasoning model,” because it’s a single model that can give both real-time answers and more considered, “thought-out” […]
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Elon Musk’s AI company, xAI, released Grok 3, its long-awaited flagship AI model, last week. Grok 3 powers the Grok chatbot apps for mobile and the web, as well as the Grok experience on the Musk-owned social network X. Given that there’s so much competition in the AI chatbot space these days, it wasn’t a […]
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