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OpenAI has replaced chief revenue officer Denise Dresser after just nine months on the job, tapping Wiz president and chief operating officer Dali Rajic to take on frontier lab’s top sales job. The move comes as part of a broader shake-up in the organization in the last month, which has seen the departures of COO…
Apple is in talks to pay publishers to use their content to power the upcoming Siri AI, according to a new report from The Wall Street Journal. The tech giant has reached out to publishers in recent months about using their content to provide Siri with access to current news and information. Apple has proposed…
Thrive Holdings has raised $2 billion in new funding at a $12 billion valuation from investors like SoftBank, D1 Capital Partners, and Altimeter Capital. Thrive Holdings is akin to a private equity firm for AI, buying traditional businesses like accounting firms and implementing AI into their workflows. So far, Thrive has focused on accounting and…
Cognition, maker of the AI coding agent Devin, is reportedly already talking to investors about raising another funding round with a big leap in valuation, after it raised $1 billion at a $26 billon valuation in May. This new round could deliver at least a $40 billion valuation based on achieving a $1 billion annualized…
Anthropic recently made the decision to watermark Claude’s outputs — inserting invisible code into the chatbot’s editorial text that marks it as AI-generated. Anthropic rolled out this new policy to satisfy the EU AI Act’s Transparency Code, which now requires tech companies to label content that has been AI-generated or edited in a manner identifiable…
As projects like Pacing the Frontier look to major labs as a way to keep AI research safe, open-source models have become a sore spot for the industry. With free distribution and little control over how they’re used, open-weight models aren’t easily controlled, leading some labs to treat them as downright scary. But at the…
As AI makes coding dramatically faster, the next big challenge in software development is testing and validating all that code. Blacksmith has raised a new $45 million round to capitalize on that shift. The Series B, led by Peak XV Partners, values Blacksmith at $550 million, up from the $60 million valuation it was assigned…
Accel has closed a new $550 million India fund, less than two years after raising its previous India-focused vehicle, as part of a coordinated $3.5 billion global fundraising effort. The new India fund was oversubscribed and closed within weeks, people familiar with the matter told TechCrunch. Accel still has more than 55% of its previous…
OpenAI has bought back $7 billion worth of shares from employees at the privately held frontier AI lab as part of an effort to provide liquidity to its workforce. The deal, reported by Bloomberg, valued OpenAI at $852 billion, the same as its most recent fundraising round in March, which added $122 billion to the…
Meta on Monday released Muse Glimmer, an open-weight model designed to power AI agents locally on consumer hardware, providing the clearest picture yet of what CEO Mark Zuckerberg’s vision of “personal superintelligence” could look like in practice. The 30-billion parameter model is essentially an open version of Meta’s most powerful closed model, Muse Spark, which…