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In another chess move with Microsoft, OpenAI is pouring $12B into CoreWeave
In a grandmaster-level chess move, OpenAI has signed a five-year, $11.9 billion agreement with the GPU-heavy cloud service provider CoreWeave, according to Reuters, which cites people close to the deal. The deal involves OpenAI receiving $350 million worth of equity in CoreWeave, the sources told Reuters. The private placement is said to be separate from…
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Rad Power Bikes CEO steps down
Rad Power Bikes CEO Phil Molyneux has stepped down as part of a wider strategic reshuffling at the acclaimed electric bicycle company. The company told TechCrunch that Chief Financial Officer Stephanie Roberts will serve as interim CEO while the company searches for a replacement, and that Molyneux will serve as an adviser. The news, first…
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Bluesky now lets users upload videos that are up to 3 minutes long
Bluesky now allows videos that are up to 3 minutes long, the decentralized social network announced on Monday. The platform launched support for video back in September with a 60-second time limit. With the new expanded time limit, Bluesky is bringing its user experience more in line with its competitors, X (formerly Twitter) and Meta’s…