Our news
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Anthropic reportedly ups its next funding round to $3.5B
Anthropic’s next funding round is reportedly growing larger. Anthropic, which makes the AI chatbot Claude, is finalizing a $3.5 billion fundraising round that values the company at $61.5 billion, according to The Wall Street Journal. Anthropic initially set out to raise $2 billion, but investors have now agreed to a larger tranche, per the WSJ.…
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Chegg sues Google over AI search summaries
Edtech company Chegg has sued Google claiming that the tech giant’s AI summaries of search results have hurt Chegg’s traffic and revenue. In the suit, filed in the U.S. District Court for the District of Columbia, Chegg accuses Google of unfair competition — specifically reciprocal dealing, monopoly maintenance, and unjust enrichment. Google, Chegg claims, forces…
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Even Elon Musk forgets that X isn’t Twitter sometimes
Do you sometimes refer to X by its old name, Twitter? That’s okay. Even Elon Musk, the man who changed Twitter’s name to X, still occasionally refers to the social media platform he runs as Twitter. “Twitter added far more features with fewer people,” said Musk in a post on X Monday. The owner of…
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Holmes and Balwani’s appeal falls flat as court upholds fraud convictions
Elizabeth Holmes and Ramesh “Sunny” Balwani’s appeals to overturn their fraud convictions and reduce their prison sentences were denied Monday by the Northern District Court of California, which also refused to soften their $452 million joint restitution order. Holmes, the founder of Theranos, and Balwani, its former COO, were convicted in separate trials in 2022…
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Apple exec Phil Schiller testifies that he raised concerns over App Store commissions on web-based sales
Apple Fellow Phil Schiller, the executive in charge of leading the App Store, testified in court on Monday that he had originally raised concerns about the 27% commission the iPhone maker planned to charge app developers on any purchases made outside the App Store. In addition to being a potential compliance risk, he suggested that…
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DOGE’s HR email is getting the ‘Bee Movie’ spam treatment
Over the weekend, Elon Musk surveyed his followers on X — the platform he spent $44 billion to buy — asking whether federal employees should be required to send his team an email with a list of five things they accomplished this week. With the yes votes totaling over 70%, Musk followed through. Federal employees…
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Anthropic used Pokémon to benchmark its newest AI model
Anthropic used Pokémon to benchmark its newest AI model. Yes, really. In a blog post published Monday, Anthropic said that it tested its latest model, Claude 3.7 Sonnet, on the Game Boy classic Pokémon Red. The company equipped the model with basic memory, screen pixel input, and function calls to press buttons and navigate around the…
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SpaceX says Starship self-destructed after propellant leaks caused fires and comms blackout
SpaceX said Monday that last month’s Starship explosion was brought on by a cascading series of events caused by propellant leaks — a problem the company says has been addressed ahead of an eighth test flight that could happen as early as Friday. The spaceflight company is still waiting for the Federal Aviation Administration (FAA)…
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SoundCloud partners with TicketMaster to let artists list events
Music streamer SoundCloud announced a partnership with entertainment company Live Nation today, allowing artists on its platform to list Ticketmaster and Universe events on their profile in a customized way. The company said it would create more promotion opportunities for artists in the future in partnership with Ticketmaster through a new promotion program but didn’t…
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Khosla Ventures seeks $3.5B in fresh capital
Khosla Ventures, a firm known for early investments in OpenAI, is raising $3.5 billion across three funds, the Wall Street Journal reported. That target is 17% larger than the firm’s previous 2023 fund haul of $3 billion. About half of the new capital will be allocated to its ninth core venture fund. The remaining money will…