Tuesday, March 4, 2025

Judge rejects Musk’s attempt to block OpenAI’s for-profit transition

A federal judge in Northern California denied Elon Musk’s motion for an injunction that would have halted OpenAI’s planned transition into a for-profit company, Bloomberg reported. Musk failed to provide enough evidence necessary for an injunction, U.S. District Court Judge Yvonne Gonzalez Rogers ruled Tuesday. However, Rogers said the court is prepared to hold an […]

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African VC LoftyInc Capital launches third fund for seed and Series A, reaches $43M first close

One of Africa’s most active investors, known for early bets on unicorns like Flutterwave, Andela, and Wave, has secured fresh capital to invest in startups across the continent. This comes as funding deals and volumes in Africa saw only a slight dip last year, according to a report by VC firm Partech. LoftyInc Capital, which […]

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Amazon reportedly forms a new agentic AI group

Amazon has formed a new group within AWS dedicated to creating AI agents, systems that help people automate parts of their lives, Reuters reported on Tuesday. In an email to staff seen by Reuters, AWS CEO Matt Garman said agentic AI has the potential to be “the next multi-billion business for AWS.” A longtime AWS […]

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Amazon is reportedly developing its own AI ‘reasoning’ model

Amazon reportedly wants to get in on the AI “reasoning” model game. According to Business Insider, Amazon is developing an AI model that incorporates advanced “reasoning” capabilities, similar to models like OpenAI’s o3-mini and Chinese AI lab DeepSeek’s R1. The model may launch as soon as June under Amazon’s Nova brand, which the company introduced […]

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OpenAI chairman Bret Taylor lays out the bull case for AI agents

We still didn’t get a straight up definition of exactly what an AI agent is during Bret Taylor’s Mobile World Congress fireside chat in Barcelona on Tuesday. The Sierra founder and OpenAI board chair preferred to side-step CNN moderator Anna Stewart’s question asking how “agentic AI” is “any different to a GenAI chatbot” by suggesting […]

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Google’s March Pixel Drop has AI-powered scam detection and live location sharing with friends

Google announced new software updates for the Pixel phones as part of its so-called Pixel Drop program for March. Pixel Watches and all Android devices are also receiving some new features. The most notable parts of the update include using AI to detect scams in messages and calls, better categorization in the screenshot app, menstrual […]

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Monday, March 3, 2025

Trump Administration cuts may threaten AI research efforts

The Trump Administration has fired a number of National Science Foundation employees who had been handpicked for their expertise in AI, threatening the agency’s ability to sustain key AI research, Bloomberg reported. One of the affected departments inside NSF, called the Directorate for Technology, Innovation, and Partnerships, was instrumental in funneling government grants focused on […]

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You can now talk to Google Gemini from your iPhone’s lock screen

Google Gemini users can now access the AI chatbot directly from the iPhone’s lock screen, thanks to an update released on Monday first spotted by 9to5Google. Users can now call up Gemini Live, Google’s relatively real-time voice feature for its AI chatbot, before they unlock their phone by adding a Gemini widget to their lock […]

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General Catalyst loses three top investors as the firm expands beyond venture, contemplates IPO

Three key investors have left General Catalyst amidst a series of recent changes at the firm, which now describes itself as an ‘investment and transformation company,’ TechCrunch has learned. The departed managing directors include Deep Nishar and Kyle Doherty, who co-led General Catalyst’s late-stage strategy known as Endurance, and Adam Valkin, one of the three […]

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Creator monetization platform Passes sued over alleged distribution of CSAM

Passes, a direct-to-fan monetization platform for creators backed by $40 million in Series A funding, has been sued for allegedly distributing Child Sexual Abuse Material (also known as CSAM). While its guidelines do not allow for creators to post nude photos or videos, as opposed to competitors like OnlyFans, a creator has sued Passes, alleging […]

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Anthropic raises $3.5B to fuel its AI ambitions

AI startup Anthropic today announced that it raised $3.5 billion at a $61.5 billion post-money valuation, led by Lightspeed Venture Partners. The Series E, which also had participation from Bessemer Venture Partners, Cisco Investments, D1 Capital Partners, Fidelity Management & Research Company, General Catalyst, Jane Street, Menlo Ventures, and Salesforce Ventures, brings the company’s total […]

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