Upscale AI in talks to raise at $2B valuation, says report

AI infrastructure company Upscale AI is reportedly in talks to raise its third funding round since launching just seven months ago.

Luma launches AI-powered production studio with faith-focused Wonder Project

The studio’s first project will be about Moses and star Academy Award-winner Ben Kingsley, to be released this spring on Prime Video.

New leaders, new fund: Sequoia has raised $7B to expand its AI bets

The fundraise is the first major capital raise under Sequoia’s new leadership, with Alfred Lin and Pat Grady now serving as co-stewards of the 54-year-old firm.

Factory hits $1.5B valuation to build AI coding for enterprises

The three-year-old startup raised $150 million led by Khosla Ventures.

Loop raises $95M to build supply chain AI that predicts disruptions

The San Francisco startup closed a Series C funding round led by Antonio Gracias’ firm Valor, which is a major backer of xAI.

Netflix plans to add a vertical video feed, use AI for recommendations

Netflix is going to launch a TikTok-like vertical video feed within its apps this month, and plans to use AI broadly for content creation and recommendations.

SaySo is a new short-form video app that aims to restore users’ trust in news

Users are fed up with misinformation and AI slop cluttering their feeds. SaySo is a new short-form video app that delivers news from vetted creators and journalists.

Bluesky confirms DDoS attack is cause of continued app outages

Bluesky has been experiencing ongoing service disruptions since just before 3 a.m. ET. on April 15.

Are we tokenmaxxing our way to nowhere?

The gap between AI insiders and everyone else is widening, and the spending, suspicion, and even new vocabulary are starting to show it. While OpenAI is busy buying up everything from finance apps to talk shows, a certain shoe company just rebranded as an AI infrastructure play, and Anthropic unveiled a model it says is too powerful to release publicly …but apparently not too… Continua a leggere Are we tokenmaxxing our way to nowhere?

Are we tokenmaxxing our way to nowhere?

The gap between AI insiders and everyone else is widening, and the spending, suspicion, and even new vocabulary are starting to show it. While OpenAI is busy buying up everything from finance apps to talk shows, a certain shoe company just rebranded as an AI infrastructure play, and Anthropic unveiled a model it says is too powerful to release publicly …but apparently not too… Continua a leggere Are we tokenmaxxing our way to nowhere?