Saturday, January 25, 2025

OpenAI wants to take over your browser

Welcome back to Week in Review. This week we’re diving into OpenAI’s newly released AI agent, called Operator. We also look at where TikTok stands after being resuscitated, whether it’s time to go back to Tumblr, and more! Let’s get into it. OpenAI launched a research preview of Operator, a general-purpose AI agent that can […]

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Paul McCartney calls on UK government to protect artists from AI

Legendary musician Paul McCartney is warning against proposed changes to UK copyright law that would allow tech companies to freely train their models on online content unless the copyright holders actively opt out. In excerpts of an interview with the BBC, McCartney said the government needs to do more to protect musicians and other artists. […]

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Friday, January 24, 2025

Wall Street banks plan sale of X debt at a discount

Bankers are reportedly gearing up to offload debt used to fund Elon Musk’s social network, for which he paid $44 million in 2022 including $13 billion in financing. Morgan Stanley is leading the charge, hoping to sell senior debt at between 90 and 95 cents on the dollar, reports the WSJ.  As notes the outlet, […]

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In motion to dismiss, chatbot platform Character AI claims it is protected by the First Amendment

Character AI, a platform that lets users engage in roleplay with AI chatbots, has filed a motion to dismiss a case brought against it by the parent of a teen who committed suicide, allegedly after becoming hooked on the company’s technology. In October, Megan Garcia filed a lawsuit against Character AI in the U.S. District […]

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US users dumped RedNote after Trump paused the TikTok ban

In the days leading up to the TikTok ban in the U.S. on Sunday, U.S. users flooded the Chinese app RedNote, which offered a similar experience to their favorite short-form video app. The app, which is listed in the U.S. App Store under its Chinese name Xiaohongshu, quickly became the No. 1 free app in […]

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French e-bike startup Angell nears bankruptcy

Angell, a French smart electric bike startup, has announced in an email to customers that the company is declaring insolvency and approaching a court to ask for judicial liquidation. “It’s over for Angell,” said company co-founder and CEO Marc Simoncini on Instagram. (He also happens to be a judge on the French version of “Shark […]

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Threads is testing ads in the U.S. and Japan

Meta’s X rival Threads said Friday that it is now testing ads with select brands in the U.S. and Japan. Instagram head Adam Mosseri said that the company will listen to feedback before expanding this experiment in other markets. “We know there will be plenty of feedback about how we should approach ads, and we […]

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Mark Zuckerberg says Meta will have 1.3M GPUs for AI by year-end

Meta CEO Mark Zuckerberg said that the company plans to significantly up its capital expenditures this year as it aims to keep pace with rivals in the cutthroat AI space. In a Facebook post Friday, Zuckerberg said that Meta expects to spend $60 billion-$80 billion on capex in 2025, primarily on data centers and growing […]

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Flip, the TikTok Shop rival, launches a creator fund that grants up to $100M of equity

Flip is a social commerce app that lets shoppers become creators. They can share honest reviews and earn cash based on engagement on the platform. As Flip competes with TikTok Shop and other platforms in a highly competitive market, it has introduced a new creator fund that offers a unique opportunity to help it stand […]

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Tata acquires 60% stake in Apple partner Pegatron’s India unit

Tata Electronics has acquired a 60% controlling stake in the Indian arm of Apple assembly partner, Pegatron, as the conglomerate expands its iPhone manufacturing capacity in the country. Taiwan-based Pegatron operates an iPhone production plant near Chennai in India’s sourthern state of Tamil Nadu. The deal comes less than a year after Tata Electronics acquired […]

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Thursday, January 23, 2025

Madrona just announced its biggest fund ever, closing on $770M as other venture funds grow smaller

Seattle-based Madrona Capital is celebrating its 30 years in business by raising $770 million in fresh capital. This is the firm’s largest fundraise to date, exceeding $690 million across two funds Madrona closed in 2022.  While an 11% capital pool upsize may not seem significant, any increase at a time when many venture outfits are […]

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Reliance plans world’s biggest AI data centre in India, report says

Mukesh Ambani’s Reliance is planning to build what could become the world’s largest data center in Jamnagar, India, with a capacity of three gigawatts to capitalize on surging AI demand. The facility would dwarf the current largest data center, Microsoft’s 600-megawatt site in Virginia, Bloomberg reported Friday. The project could cost between $20 billion to […]

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