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Sean Parker, the Napster co-founder, has jumped back into the music industry, and he tells The Information that he’s playing by the rules this time. (Asking for forgiveness rather than permission didn’t work out so well last time around, he readily concedes.) Two years ago, he joined an $80 million rescue of Stability AI, the…
Kevin Mandia, best known as the founder of cybersecurity startup Mandiant, which sold to Google for $5.4 billion in 2022, has raised $255.5 million for his latest startup, Armadin, at a valuation of more than $2.5 billion, the company announced on Thursday. The Series B round was led by Andreessen Horowitz and Accel, with Bain Capital…
Nscale, a British neocloud, has secured $3.36 billion in financing ahead of its IPO later this year, the company announced on Friday. Structured as a convertible note, the massive funding round underscores the staggering capital required to build out AI data centers. Led by hedge fund Third Point, the new investment includes $2.36 billion available…
Parents have spent years trying to keep their kids off social media, so some kids headed to the one place no adult would think to look for them: NPR. On this week’s “This American Life,” host Ira Glass tells the story of the team behind NPR’s podcast “Wild Card,” who noticed a flood of baffling…
The AI Lab PrismML — founded by Caltech researchers and advised by UC Berkeley’s Ion Stoica — has created a version of its tiny language models for smart glasses running on Qualcomm’s Snapdragon chips. On Wednesday, at Qualcomm’s Snapdragon Summit, the chipmaker showcased PrismML’s 1-bit Bonsai LLM, which can be run locally on AI smart…
Waymo has restarted its robotaxi service in San Antonio, Texas, five months after one of its vehicles was swept away during a flash flood. Multiple Waymo robotaxis got stuck during the heavy flooding in April. The vehicles slowed but did not stop as they approached waterlogged streets. Waymo ultimately issued a recall in May, and…
Nscale, the buzzy U.K.-based AI data center startup, has appointed former OpenAI, Meta, and Instacart executive Fidji Simo to its board. Simo joins high-profile tech executives Sheryl Sandberg, Susan Decker, and Nick Clegg on Nscale’s board ahead of the startup’s anticipated IPO this fall. Formerly CEO of AGI deployment at OpenAI, essentially the No. 2…
Nscale, a British AI infrastructure company founded just two years ago, has said it may go public as early as later this month. Ahead of that expected IPO, the company is reportedly in talks to raise an additional $3.5 billion. Bloomberg reported Friday that the company is looking to sell $1.5 billion in convertible notes…
Thinking Machines, the AI lab founded early last year by former OpenAI CTO Mira Murati, is in discussions to raise $1 billion at a valuation of at least $40 billion, The Information reported Thursday. Existing backer Accel is in talks to lead the fundraise, according to our source and The Information’s reporting. The new round,…
AI training-data startup AfterQuery has reportedly raised a round that valued it at $3.2 billion. This just five months after announcing its $30 million Series A at a $300 million valuation in April. That’s more than a 10x increase in less than half a year and, according to Y Combinator partner Gustaf Alströmer, the fastest…