Thursday, December 26, 2024

DeepSeek’s new AI model appears to be one of the best ‘open’ challengers yet

A Chinese lab has created what appears to be one of the most powerful “open” AI models to date. The model, DeepSeek V3, was developed by the AI firm DeepSeek, and was released on Wednesday under a permissive license that allows developers to download and modify it for most applications, including commercial ones. DeepSeek V3 […]

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Wednesday, December 25, 2024

PharmEasy’s $5.6 billion value shrinks to $456 million, investor data shows

Indian online pharmacy PharmEasy’s valuation now stands at about $456 million, according to disclosures from its investor Janus Henderson, a 92% drop from its peak valuation of $5.6 billion. The British American global asset firm’s Global Research Fund values its holding of 12.9 million shares in PharmEasy at $766,043, according to its latest filing for […]

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Bluesky starts testing a trending topics feature

Social network Bluesky said on Christmas day that it launched trending topics feature in beta. The trending topics are available on both desktop and mobile apps of the social network. On the desktop, you can see trending topics on the right sidebar, and on the mobile apps, you can tap on the search button to […]

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Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions

xAI, Elon Musk’s AI company, has raised $6 billion in a Series C financing round. The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, AMD, and others participated. Kingdom Holdings, the Saudi conglomerate holding company, invested roughly $400 million […]

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$132K – $149K, here’s what seed-stage founders pay early employees, based on data

Once a startup has raised its seed round, the perennial question becomes how much should the founders pay themselves and their first few employees? Kruze Consulting, a CPA firm that specializes in venture-backed startups, recently analyzed average salary ranges for over 450 seed-stage startups and shared that data with TechCrunch. The following averages are based […]

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AMD’s CES 2025 press conference: How to watch

AMD has its work cut out for it at CES 2025. Competitor Nvidia has been sucking the oxygen out of every room it graces, as the chipmaker remains at the forefront of the AI boom. So, how will AMD compete with Nvidia’s reported RTX 5000 announcement? The company should show of its own next-gen GPU. […]

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Tuesday, December 24, 2024

Onyx Motorbikes is back, one year after its owner died leaving the company in shambles

A year after Onyx Motorbikes owner James Khatiblou died suddenly, leaving customers with unfulfilled orders and millions in unpaid debts, the brand has been revived by its original founder. “I’m excited to announce I have resurrected my original brand Onyx with incredible backers!” founder Tim Seward wrote in a LinkedIn post on Monday. “Onyx is […]

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Sony’s CES 2025 press conference: How to watch

Sony knows how to put on a show at CES. The company’s pressers are high octane, star-studded affairs, as these things go. In addition to standard Sony fare like TVs and audio systems, there’s always a curve ball or two, be it a car, a drone, or a “Gran Turismo” movie. That’s one of the […]

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OpenAI ‘considered’ building a humanoid robot: report

OpenAI has recently explored building its own humanoid robot, according to The Information. The report cites “two people with direct knowledge” of those conversations. The ChatGPT maker has been involved in the space for some time now, by way of financial backing. It has thus far invested in Figure and 1X, along with the “general […]

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Revenue-based financing startups continue to raise capital in MENA, where the model just works

In an era where it’s become tougher to raise venture capital, many companies have turned to non-dilutive, Revenue-Based Financing (RBF) as an alternative. As a result, plenty of startups have risen to meet that challenge, none more so than in the MENA region, which has taken to the model like a duck to water. The […]

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Proton’s device aims to help those with kidney disease, and cut heart failure risks

People with chronic kidney disease, or those at risk of heart failure, are greatly affected by potassium imbalances in the body. These can even be life-threatening. While wearable glucose monitors are now commonplace and have transformed the lives of diabetes patients, potassium monitoring is in its infancy as it’s hard to do. Now, startups are […]

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