Alat, a $100B Saudi Arabia PIF-backed electronics manufacturing fund, has removed CEO Amit Midha; sources say it has dropped plans to invest in chip production
The Scoop — Know More — Notable — THE SCOOP — Saudi Arabia's sovereign wealth fund has dismissed Alat CEO Amit Midha …
Sources: PayPal isn't in talks to sell itself, to Stripe or anyone, and has been preparing for months for a potential activist campaign or unwanted takeover bid
The Scoop — PayPal isn't currently in talks to sell itself — to Stripe or anyone else — and has been working for months …
Sources: OpenAI is working with G42 to build a ChatGPT version tuned for the UAE that accommodates local language, political outlook, and speech restrictions
The Scoop — Step Back — Reed's View — Know More — Notable — THE SCOOP — OpenAI is working with Abu Dhabi-based G42 …
Google debuts Android 16 QPR2, a minor update expanding features for notifications, icons, calling screens, and more, marking the end of annual Android releases
Check Key Features Bhabesh Talukdar / Deal N Tech : Android 16 QPR2 Rolled Out for Pixel Devices: What's New in the Latest Update Pranav Dixit / Business Today : Google rolls out Android 16 updates wi...
Some ad buyers say brands are increasingly spending on Reddit due to the site's prominence in AI-powered search results and its growing audience
Advertisers are increasingly putting their digital ad spend into Reddit, drawn by the platform's growing audience and its influence … X: @ellynbriggs and @trishlaostwal X: Ellyn Briggs / @ellynbriggs ...
ByteDance's Cici, an overseas counterpart of China's most popular AI chatbot app Doubao, is quietly gaining traction in the UK, Mexico, and Southeast Asia
ByteDance is paying for ads and partnering with influencers to promote its AI chatbot app Cici in countries like the UK, Mexico, and Indonesia. X: @charlesmok , @wired , @zeyiyang , @zeyiyang , @wired...
Sources: Cursor-maker Anysphere is considering investment offers at a ~$30B valuation; Cursor generates $500M in ARR as of June, the third highest for an AI app
Natasha Mascarenhas / The Information : X: @nmasc_ X: Natasha Mascarenhas / @nmasc_ : Scoop: Cursor has been approached with investment offers at a $30 billion valuation & is considering a new fundra...
Sources: Meta aims to launch its next-gen Llama AI model, Llama 4.X, by the end of 2025; the TBD team developing Llama 4.X is also trying to fix Llama 4 bugs
Jyoti Mann / Business Insider : LinkedIn: Jyoti Mann . Forums: r/LocalLLaMA LinkedIn: Jyoti Mann : Scoop: Meta Superintelligence Labs is racing to ship its next AI model, Llama 4.X, by year-end, two ...
Sources: xAI was part of a US GSA's AI initiative alongside OpenAI, Anthropic, and Google, but the GSA removed xAI after Grok posted antisemitic content in July
A short thread for the reader to try figure out what the common denominator is here. — A. Grok was about to get a lucrative Govt. contract. It went all Nazi, because well, birds of a feather ... 1...
Sources: Elad Gil is raising a fund of ~$1.5B that could grow to $2B based on investor interest, making it one of the largest fundraising hauls for a solo GP
Natasha Mascarenhas / The Information : X: @nmasc_ X: Natasha Mascarenhas / @nmasc_ : Scoop: Elad Gil is raising a $1.5 billion fund, which if closed would be one of the largest hauls for a solo GP. ...