SoftBank is creating a robotics company that builds data centers — and already eyeing a $100B IPO
TechCrunch AI
You need infrastructure to build AI a and robots, but apparently you also need AI and robots to build infrastructure.
Sources: Anthropic could raise a new $50B round at a valuation of $900B
TechCrunch AI
The maker of Claude has received multiple pre-emptive offers at valuations in the $850 billion to $900 billion range, according to sources familiar with the matter.
Meta is still burning money on AR/VR
TechCrunch AI
Meta is losing billions on Reality Labs each quarter, and its AI expenditures are only going to increase its spending.
Satya Nadella says he’s ready to ‘exploit’ the new OpenAI deal
TechCrunch AI
Microsoft gets to offer OpenAI's tech to its cloud customers and doesn't have to pay for it. "We fully plan to exploit it," Nadella said.
Google Cloud surpasses $20B, but says growth was capacity-constrained
TechCrunch AI
Google Cloud topped $20B in quarterly revenue for the first time, fueled by surging demand for AI. But capacity constraints mean it could have grown even faster.
Is AI video just a prequel? Runway’s CEO thinks world models are next
TechCrunch AI
AI-generated video has gone from novelty to creative tool almost overnight, and Runway has a front row seat to the shift. The New York-based company has raised close to $860 million at a $5.3 billion valuation, and its models are going toe-to-toe with the most well-funded labs in the world, includin
Railway secures $100 million to challenge AWS with AI-native cloud infrastructure
VentureBeat AI
Railway, a San Francisco-based cloud platform that has quietly amassed two million developers without spending a dollar on marketing, announced Thursday that it raised $100 million in a Series B funding round, as surging demand for artificial intelligence applications exposes the limitations of lega
Listen Labs raises $69M after viral billboard hiring stunt to scale AI customer interviews
VentureBeat AI
Alfred Wahlforss was running out of options. His startup, Listen Labs, needed to hire over 100 engineers, but competing against Mark Zuckerberg's $100 million offers seemed impossible. So he spent $5,000 — a fifth of his marketing budget — on a billboard in San Francisco displaying what looked
The Download: Musk and Altman’s legal showdown, and AI’s profit problem
MIT Tech Review
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Elon Musk and Sam Altman are going to court over OpenAI’s future Elon Musk and OpenAI CEO Sam Altman head to trial this week in a case with sweeping c
Elon Musk and Sam Altman are going to court over OpenAI’s future
MIT Tech Review
After a yearslong legal feud, Elon Musk and OpenAI CEO Sam Altman are heading to trial this week in Northern California in a case that could have sweeping consequences. Ahead of OpenAI’s highly anticipated IPO, the court could rule on whether the company is allowed to exist as a for-profit enterpris