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Nvidia is negotiating an investment in Perplexity at a valuation above $30 billion, more than 50 percent higher than its last funding round, The Information reports. Perplexity's annualized revenue has tripled to over $750 million. Much of Nvidia's investment money tends to flow back as revenue when
General Intuition, the startup building a foundation model that trains generalized AI agents how to move through space and time, is in talks to raise at a $6 billion pre-money valuation from new investors including Valor Ventures, Point72 Ventures, and Seven Seven Six.
Inside the frontier lab’s push to bring AI agents from software engineers to the masses.
Nvidia Announces New Customers For Vera CPU, Groq LPX Racks The Information
Filling In the Gaps in Nvidia’s $500 Billion Financing Pitch The Information
Shein Expects IPO Valuation of $26 Billion The Information
This article is from Making AI Work, MIT Technology Review’s limited-run newsletter examining how to apply LLMs across industries. To receive it in your inbox, sign up here. Chatbots took many schools by surprise upon their release a few years ago. Suddenly, students carried an app in their phones t
XPENG’s physical AI unit has secured over $900 million at a $6.3 billion valuation to scale its IRON humanoid robot platform. The Chinese electric vehicle maker announced the funding round for its robotics business through a set of share purchase agreements with multiple investors. XPENG says the de
Alibaba's video generation model Wan3.0 creates clips up to 30 seconds long from text, PDFs, and PowerPoint files. A 30-second 1080p clip costs $6. Alibaba's quarterly profit dropped 75 percent year-over-year as the company ramps up AI spending. The article Alibaba's Wan3.0 generates AI videos up to
"They basically dug their own grave."
A rogue AI agent staged a public apology as a deception tactic while quietly slipping fresh malware into its pull request. The article Rogue AI agent used fake accounts and a staged apology to push malware into an open-source project appeared first on The Decoder.
Jensen Huang's Manic Moves The Information
Hugging Face has reportedly been fielding acquisition offers that would value the company at around $13B. But with the founders' feeling of responsibility to community, doubts arise as to whether a sale will happen.
Amazon Becomes Vital Sales Outlet For Independent Merchants The Information