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Lovable, a Swedish vibe-coding startup, is in talks to raise $300 million at a valuation of $13.2 billion — exactly double the $6.6 billion valuation the company achieved last December, Sifted reported. Menlo Ventures, a firm that announced its latest $3 billion fund last month, is expected to lead the round, according to the report….
A judge has approved a $1.5 million penalty levied against Elon Musk that will settle a U.S. Securities and Exchange Commission lawsuit despite having “significant misgivings” about it. U.S. District Judge Sparkle Sooknanan noted that her court would accept the settlement, Bloomberg reported Wednesday, which cited her court opinion. Sooknanan’s approval settles a lawsuit filed by…
Wisk Aero, the electric air taxi company owned by Boeing, has been hit with a lawsuit from a former employee, who claims she was fired after raising safety concerns. Former software manager Briahna O’Neill sued Wisk in Santa Clara Superior Court earlier this week, alleging discrimination and wrongful termination. The Seattle Times first reported on…
Chamath Palihapitiya, best known for his venture capital firm Social Capital and the All-In podcast, announced Monday that the AI coding startup he founded raised a sizable Series A. The company, 8090 Labs, closed a $135 million round led by Salesforce Ventures with participation from Jeffrey Katzenberg’s WndrCo; David Sacks’ Craft Ventures; fellow All-In hosts…
Last year, hackers attacked car giant Jaguar Land Rover (JPL), one of the U.K.’s biggest employers. The hack halted production for months and made a dent in the country’s economy. The damage was so severe that the U.K. government decided to bail out the company with a £1.5 billion (around $2 billion) payment, and estimates…
Productivity company Notion is shutting down its email product, Notion Mail, on September 22. The company said it is discontinuing its email inbox in favor of its AI agent offering. It noted that users were increasingly handing over the reins of their email to the agents, and not opening their inbox at all. “As Notion…
Shares of Cerebras Systems dropped almost 20% on Wednesday, even after the company delivered better-than-expected first-quarter earnings on Tuesday. That’s because in its first earnings report since going public, the AI chipmaker forecast a narrower gross margin in its core business, guiding for a full-year margin of 38% to 41%, compared with the 47% reported…
The era of tokenmaxxing is over. After the AI industry encouraged companies to max out their AI budgets earlier this year, and some companies even built employee leaderboards to encourage internal AI usage — they are now realizing just how easy it is to spend huge sums of money on AI and get little in…
GPTZero, the three-year-old AI detection startup that Princeton grad Edward Tian first built as a senior thesis project, has been acquired by Superhuman, the companies announced on Tuesday. Terms of the deal were not disclosed, though Tian told Business Insider that GPTZero amassed more than 19 million registered users and $30 million in annual recurring…
Microsoft and Chevron announced plans on Monday to develop a 2.67-gigawatt natural gas power plant in West Texas to serve the tech company’s AI and cloud data centers. Under the 20-year power purchase agreement, the plant will provide dedicated electricity to a Microsoft-operated data center. Two large GE Vernova turbines will generate most of the…