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Snap will be spinning off an internal generative AI video team into a separate company. The new company — dubbed Dotmo — will focus on developing AI models that can create interactive gaming experiences, Snap told TechCrunch. Snap cited the high costs of conducting such work internally as one of the reasons for the spinoff….
DeductiveAI, a startup that uses AI to catch and resolve bugs in software, has agreed to be sold to enterprise software company Elastic for up to $85 million, according to a person with knowledge of the deal. Deductive, which was founded in 2023, came out stealth last November when it announced a $7.5 million seed…
AI inference company Baseten is close to finalizing a stunning $1.5 billion funding round at a $13 billion valuation, the Wall Street Journal reports. Just five months ago, the startup announced that it had raised a $300 million Series E at a $5 billion valuation. And that round was just nine months after raising a…
OpenAI is bringing on some big names to the team in the lead-up to its public debut: Google DeepMind AI legend Noam Shazeer and former Trump White House AI policy official Dean Ball. Shazeer, a co-lead at Gemini and the founder of AI role-playing startup Character AI, announced his departure on Wednesday. He had been…
When Tony Fadell entered New York City’s 28th Street Subway Station, he did not expect to come face-to-face with an advertisement for a product he designed over 20 years ago. But there it was: a five-by-four-foot poster promoting the iPod Shuffle, luring passersby with the promise of “Zero screen time.” “The first thing was, I…
Forget stickers, GIFs, and emoji reactions. Pixi is betting that the next evolution of messaging is interactive augmented reality (AR). The startup launched its messaging-native app on the App Store on Wednesday, allowing users to send AI-powered AR characters through iMessage. Instead of appearing as static media, the characters come to life through the recipient’s…
Snap’s long-awaited AR glasses, Specs, didn’t have the best debut. The company’s stock hasn’t been on the healthiest trajectory lately. It’s dropped 30% over the past year. Following Specs’ launch, it sank more than 5% — falling from $5.86 a share on Tuesday to a low of $4.83 on Wednesday morning. As of this writing,…
It happened to me: I opened a Google Doc to write an article, and I was immediately confronted with a text box inviting me to “write with Gemini.” I looked for some button to swipe away the garish AI display, but I could not find it. It made me mad. Now, instead of writing the…
Former Sequoia Captial managing partner Roelof Botha is joining SpaceX’s board of directors, less than a week after the company went public in the largest IPO ever. SpaceX announced the appointment in a filing with the Securities and Exchange Commission on Wednesday. It said Botha was appointed “to fill the existing vacancy on the Board”…
Odyssey, a world model AI startup founded by self-driving vehicle pioneers CEO Oliver Cameron and CTO Jeff Hawke, has raised a $310 million Series B round at a $1.45B valuation led by Natural Capital, with Amazon, AMD Ventures, GV, and others participating. World models are the next big thing in AI beyond text- and chat-based large language models. They gather…