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The venture capital firm is reportedly in talks to invest in TikTok as part of a bid led by Oracle and other American investors looking to buy out TikTok from ByteDance, according to the Financial Times. TikTok is once again slated to be banned in the U.S. on April 5 unless its Chinese-based owner sells…
Isomorphic Labs, the AI drug-discovery platform that was spun out of Google’s DeepMind in 2021, has raised external capital for the first time. The $600 million round was led by Thrive Capital, with participation from GV and existing investor Alphabet, Google’s parent, it said. The funding will accelerate further development of Isomorphic’s AI drug…
OpenAI on Monday announced that it closed one of the largest private funding rounds in history. According to a blog post on the company’s website, OpenAI raised $40 billion in a round that values the company at $300 billion post-money. SoftBank led the financing, CNBC reported. Other participants included Microsoft, Coatue, Altimeter, and Thrive, all…
Construct Capital, an early-stage venture capital firm that invests in startups applying technology to sectors like manufacturing, transportation, and defense, has closed its third fund with $300 million in capital commitments. The Washington, D.C.-based firm previously raised a $225 million second fund and a $75 million capital pool for later-stage companies in 2022. While many…
CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and in 2018 became an inventory monetization platform for clothing retailers, is facing financial difficulties, reports Axios. The company is almost out of money, CEO Christine Hunsicker has resigned, and law enforcement is investigating alleged financial misconduct, Axios reported, citing a leaked…
OpenAI CEO Sam Altman announced on Wednesday that the rollout of ChatGPT’s viral new AI image features to free users would be delayed, citing significantly higher demand than the company expected. “Images in ChatGPT are wayyyy more popular than we expected (and we had pretty high expectations),” Altman said in a post on X on…
Ukraine’s state-owned railway operator Ukrzaliznytsia said Monday that it was hit by a large-scale cyberattack. The cyberattack affected online ticket sales, including via the mobile app, while trains continue to operate, according to the railway operator’s statement on its official Telegram channel. Daryna Antoniuk, a journalist based in Ukraine, reported the disruption for The Record…
Factories are all the rage in defense tech: Anduril announced a billion-dollar “megafactory” in Ohio earlier this year, while Saronic said last month it’s planning its own factory to mass-produce autonomous warships. Now, Anduril is considering building a factory in the U.K. as it expands beyond U.S. defense contracts. “If we get enough orders, absolutely…
Google has reported the results of an experiment it ran which removed news from search results for 1% of users for 2.5 months in eight* markets in Europe — claiming the results show that news is essentially worthless to Google’s ad business. The search giant conducted the test because European copyright law requires it to…
The North Korean government is reportedly establishing a new hacking group within the intelligence agency Reconnaissance General Bureau (RGB). Daily NK, a news outlet that focuses on North Korea, reported last week that the new hacking unit, called Research Center 227, will focus on research to develop “offensive hacking technologies and programs,” citing a source…