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XAI, Elon Musk’s AI lab, said Tuesday it had raised $20 billion from investors including Valor Equity Partners, Stepstone Group, and Fidelity, as well as Nvidia and Cisco. That’s more money than the initial $15 billion the company had targeted, at a $230 billion valuation. At that level, the ...
Hark, the AI lab that Figure AI CEO Brett Adcock recently founded, has hired over 30 engineers, including Head of Design Abidur Chowdhury, who previously designed phones and laptops for Apple, according to a copy of a memo Adcock sent to senior Figure employees and investors on Tuesday seen by ...
AI companies envision a future in which AI agents, rather than humans, become the primary users of websites such as commerce apps. The idea is that people may be more inclined to ask chatbots like ChatGPT or Gemini to buy a new pack of paper towels or book a hotel for them than to go to individual websites.While some website owners such as Amazon have resisted shopping-related agents, which could...
Amazon has sparked blowback from some small retailers over a feature that displays items not sold on its site in Amazon search results, with some business owners objecting to Amazon not seeking permission before listing their products. Amazon launched the feature, called “Shop Other Stores ...
Nvidia CEO Jensen Huang took the stage at CES on Monday to deliver a volley of announcements—Nvidia published 10 press releases during his keynote! Many of those announcements focused on Nvidia’s work on physical AI, such as autonomous robots and cars, so it was fitting that a pair of Huang’s favorite remote controlled Disney droids accompanied him onstage.The biggest physical AI announcement was...
LMArena, a startup that operates a widely cited ranking of AI models based on their performance, has raised $150 million at a valuation of $1.7 billion, including the new money, according to the company. That’s nearly triple the valuation of its seed funding round, announced in May 2025.
The funding round, co-led by existing investors Felicis and the University of California’s investment arm,...
After nearly three years of building its own version of cutting-edge large language models, Amazon has come up with models that offer a reliable, cheap alternative to the flashiest ones made by rivals but don’t fully replace them.
That’s true even in Amazon’s own products: Amazon’s Rufus shopping assistant uses a mix of its in-house Nova models and those developed by Anthropic. Kiro, a vibe-...
Can anyone catch up with Google in the AI race? That question came to mind on Monday, after Reuters quoted Samsung’s co-CEO talking about his plans to double the number of mobile devices running Galaxy AI, Samsung’s branded AI features backed by Google’s Gemini AI technology, to 800 million this year. (That’s separate to Samsung phones that have the Gemini consumer chatbot preinstalled.) And the...
Nvidia CEO Jensen Huang on Monday announced a new autonomous driving model that aims to help cars reach Level 4 autonomous driving, in which a driver isn’t required to supervise the vehicle. Separately, Huang also announced more detailed specifications for the company’s upcoming next-generation ...
Venezuela-focused stablecoin startup Kontigo said it will repay the $340,000 that was stolen from more than 1,000 of its customers in a hack, according to a statement the company issued on Monday. In a statement published to X, Kontigo said it detected unauthorized access that affected some ...