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Meta has acquired AI voice startup WaveForms for an undisclosed sum, The Information reports. It’s the company’s latest buy to strengthen its new AI unit, Superintelligence Labs, and Meta’s second major AI audio acquisition in the last month after it bought PlayAI. WaveForms, founded just eight months ago, raised $40 million from Andreessen Horowitz in…
Sales automation startup Clay has raised a $100 million Series C at a $3.1 billion valuation in a round led by CapitalG, confirming TechCrunch’s report from June. The financing follows a $1.25 billion Series B round from six months ago and a $1.5 billion Sequoia-led tender offer announced a couple of months ago, which allowed…
TikTok is launching a new version of its app called “TikTok Pro” in Germany, Portugal, and Spain. The app features TikTok’s new “Sunshine Programme,” which allows users to support charitable organizations. Users can earn “virtual sunshine” by inviting others to join and by interacting with charity-related content, such as liking or reposting videos, following charity…
Earlier in July, U.S. Secretary of Commerce Howard Lutnick gave chipmakers like Nvidia the green light to start selling certain AI chips in China again, but his department is said to be holding things up. According to reporting from Reuters, Nvidia has yet to receive a license to sell its H20 AI chips. The U.S….
AI video-generating startups Luma and Runway are looking beyond movie studios. These video-generating AI companies have their sights set on other markets for future revenue streams and have been in talks with both robotics and self-driving car companies, according to reporting from The Information. The report didn’t identify which companies Luma and Runway are in…
Anthropic is nearing a deal to raise between $3 billion and $5 billion in funding, valuing the large language model developer at $170 billion, Bloomberg reported. Iconiq Capital is leading this funding round, but there’s a possibility of a second lead investor joining the deal. The company has also been in talks with Qatar Investment…
Christine Hunsicker, founder of the fashion startup CaaStle, turned herself in to authorities Friday to face fraud charges, authorities confirmed to Bloomberg. The U.S. Attorney for the Southern District of New York unsealed an indictment against her, charging her with wire fraud, securities fraud, money laundering, aggravated identity theft, and lying to financial institutions. She…
After former Intel CEO Pat Gelsinger capped off a 40+ year career at the semiconductor giant in December, many wondered where would Gelsinger go next. On Thursday, the former Intel CEO revealed one piece of his next chapter: trying to ensure AI models support a flourishing humanity. In partnership with a “faith tech” company he…
Apple’s head of AI models, Ruoming Pang, is leaving the company to work at Meta, Bloomberg reported on Monday. This marks the latest high-ranking AI executive Meta CEO Mark Zuckerberg has scooped up to lead his new AI superintelligence unit. Pang previously ran Apple’s in-house team that trained the AI foundation models that underpin Apple…
ICEBlock, an iPhone app that allows users to anonymously report sightings of U.S. Immigration and Customs Enforcement (ICE) agents, has rocketed to one of the coveted top spots in Apple’s U.S. App Store rankings. The upshot: Criticism from U.S. Attorney General Pam Bondi helped get it there. Most of ICEBlock’s users — about 20,000 —…