Tuesday, January 28, 2025

Naboo secures $21M for its concierge-style corporate event booking platform

If you’ve ever tried to book a venue for a company event, you’ll know how onerous a task it can be. You have to contact multiple vendors, wait for quotes, evaluate them, see if you can get a good deal, and then get all that approved. So it makes sense that depending on the size […]

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SoftBank to invest $500M in robotics startup SkildAI

SoftBank is negotiating a $500 million investment in Skild AI, a software company building a foundational model for robotics at a $4 billion valuation, Bloomberg and Financial Times reported. The two-year-old company raised its previous funding round of $300 million at a $1.5 billion valuation last July from investors including Jeff Bezos, Lightspeed Venture Partners, […]

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Italy sends first data watchdog request to DeepSeek: ‘The data of millions of Italians is at risk’

The jury is still out on whether the Chinese AI upstart DeepSeek is a game changer or possibly part of an elaborate plan by its hedge fund parent company to short Nvidia and other tech stocks. Whichever it might be (maybe both?), DeepSeek and its large language model has made some major waves. Now, it’s […]

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DeepSeek: Everything you need to know about the AI chatbot app

DeepSeek has gone viral. Chinese AI lab DeepSeek broke into the mainstream consciousness this week after its chatbot app rose to the top of the Apple App Store charts. DeepSeek’s AI models, which were trained using compute-efficient techniques, have led Wall Street analysts — and technologists — to question whether the U.S. can maintain its lead in the AI race […]

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David Sacks claims there’s ‘substantial evidence’ that DeepSeek used OpenAI’s models to train its own

David Sacks, Trump’s AI and crypto “czar,” said in an interview on Fox on Tuesday that there’s “substantial evidence” that Chinese AI company DeepSeek “distilled” knowledge from OpenAI’s AI models, a process that Sacks compared to theft. Sacks, who didn’t cite the source of this “evidence,” suggested that DeepSeek used responses from OpenAI models to […]

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GM expects to save up to $1 billion on Cruise costs

General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair Mary Barra said Tuesday during the company’s earnings call.  The estimate comes nearly two months after the automaker said it would no longer fund Cruise, its self-driving subsidiary that aimed to commercialize robotaxis. “GM has […]

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Hugging Face makes it easier for devs to run AI models on third-party clouds

AI dev platform Hugging Face has partnered with third-party cloud vendors including SambaNova to launch Inference Providers, a feature designed to make it easier for devs on Hugging Face to run AI models using the infrastructure of their choice. Hugging Face says partners including Fal, Replicate, Together AI, and the aforementioned SambaNova have worked with […]

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Zepto shifts domicile to India as local listings gain appeal

Quick commerce startup Zepto has completed its shift of domicile from Singapore to India, joining a growing wave of Indian startups moving their headquarters back home ahead of public listings. The transition marks the fastest domicile shift to India by a foreign-headquartered startup, according to Zepto’s chief financial officer Ramesh Bafna. The Indian authorities recently […]

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Monday, January 27, 2025

TravelPerk raises $200M as valuation nearly doubles to $2.7B

Barcelona-based business travel management platform TravelPerk has raised $200 million at a hefty $2.7 billion valuation — almost double the $1.4 billion valuation at its previous fundraise last year. Alongside the raise, TravelPerk also announced it has acquired Swiss startup Yokoy to bring native expenses management into the fray. With the travel and tourism industry […]

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Google Maps will soon rename Gulf of Mexico to ‘Gulf of America’

Google will rename the Gulf of Mexico and Alaska’s Denali mountain in Google Maps once a federal mapping database reflects changes ordered by the Trump Administration, the company announced Monday. Google is complying with an executive order issued last week by President Donald Trump that changed the names of several American landmarks. The executive order […]

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Reid Hoffman’s Manas AI raises $24.6M, a fraction of other AI drug discovery startups

LinkedIn founder Reid Hoffman and Siddhartha Mukherjee, cancer researcher and author of the book “The Emperor of All Maladies,” have co-founded an AI-powered drug discovery startup, Manas AI. The company, which will initially focus on breast cancer, prostate cancer, and lymphoma, has raised $24.6 million in seed funding from Hoffman, General Catalyst, and Greylock. Manas […]

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