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Pickle Robot, which builds autonomous unloading robots for warehouses and distribution centers, announced a new chief financial officer just days after a reports of a major deal with UPS. The Charlestown, Massachusetts-based company announced that it hired Jeff Evanson as its CFO on Thursday. Evanson had been consulting for the company since September and recently…
Underwater autonomous vessels and robots could play a substantial role in defense operations, but submersibles have historically had trouble communicating across large distances unless they rose to the surface. But coming up to transmit poses the very obvious risk of being exposed. Skana Robotics thinks it’s made a breakthrough with underwater communications using AI —…
Amazon is in early discussions to invest as much as $10 billion in OpenAI in a deal that would see the AI lab using the e-commerce giant’s AI chips, CNBC reported. If it materializes, the deal would value OpenAI at more than $500 billion, Bloomberg reported, citing an anonymous source. Amazon has been looking to…
Productivity is one space where companies keep wanting to experiment with AI assistants in the hope that they will save time for users and, as a result, they will want to use those assistants more. Google today launched one such experimental email-based assistant called CC through a Google Labs experiment. CC, which is powered by…
Cashmere sweaters are everywhere these days, often at unbelievably low prices. The appeal is obvious: if you’ve ever worn cashmere, you know it’s soft, light, and warm — an impressive fiber that’s hard to give up. Unfortunately, those bargain prices usually come with a catch. Cashmere comes from the fine undercoat of a handful of…
Disney’s three-year licensing partnership with OpenAI includes just one of exclusivity, Disney CEO Bob Iger told CNBC. The company signed the partnership with OpenAI last week that will bring its iconic characters to the AI firm’s Sora video generator. Once that exclusive year is up, Disney is free to sign similar deals with other AI…
Even three years after the generative AI boom started, most AI startups are still making money by selling to businesses, not individual consumers. Although consumers quickly adopted general-purpose LLMs like ChatGPT, most specialized consumer GenAI applications have yet to resonate. “A lot of early AI applications around video, audio, and photo were super cool,” said…
Chai Discovery, a biotech startup with backing from OpenAI, announced an $130 million Series B round at a $1.3 billion valuation on Monday. The round was led by General Catalyst and Oak HC/FT, the company said. Other participants include Menlo Ventures, OpenAI, Dimension, Thrive Capital, Neo, Yosemite venture fund, Lachy Groom, SV Angel, and new…
HashKey’s IPO bid puts Hong Kong’s virtual asset regime on display, testing whether compliance-first crypto platforms can win investors. HashKey is aiming to become Hong Kong’s first fully crypto-native IPO by listing 240.57 million shares under the city’s virtual asset regulatory regime. The business extends beyond a spot exchange by combining trading, custody, institutional staking,…
Improvements to roads, bridges, and other infrastructure could take a hit as data center construction accelerates, according to Bloomberg. In 2025, state and local governments reportedly sold a record amount of debt for the second year in a row, with strategists predicting another $600 billion in sales next year. Most of that money is expected…