Reka AI, which aims to make more efficient LLMs, raised $110M from Nvidia, Snowflake, and others at a $1B+ valuation, up from ~$300M in 2023, per PitchBook
Snowflake had previously been in talks to buy the three-year-old AI startup. — Artificial intelligence company Reka AI raised …
Sources: Apple is in talks to acquire the US streaming rights for Formula 1, following the success of F1 the Movie, which has generated ~$300M at the box office
iPhone-maker is challenging Disney's ESPN to screen car series — Apple is in talks to acquire the US rights to screen Formula 1 …
Sources: Cursor maker Anysphere has reached ~$300M in ARR and declined an acquisition offer from OpenAI, which now aims to buy rival Windsurf, with $100M in ARR
Anysphere, maker of AI coding assistant Cursor, is growing so quickly that it's not in the market to be sold, even to OpenAI …
A profile of Chetan Nayak, who leads Microsoft's Station Q team trying to build a quantum computer; source: Microsoft spends ~$300M annually on quantum research
Jameson Lopp Yuval Boger / The Quantum Insider : Konstantinos Karagiannis, Quantum Computing Services Leader, Protiviti
KuCoin pleads guilty to having an unlicensed money transmitting business, agreeing to ~$300M in fines and forfeitures, in a case brought by US federal attorneys
it's about looking ahead with renewed [image] @kaiz3ns : RIP to my Kucoin gems. That VRA bag will never recover now. Jack Frost / @___jackals : RIP kucoin you were my back-alley hoe & i'll never forge...
Filing: Apple supplier Luxshare plans to acquire a 62.5% stake in Pegatron's Kunshan unit in China for ~$300M, as Luxshare seeks to better compete with Foxconn
Debby Wu / Bloomberg :
Hacked files show Insomniac's challenges juggling teams, timelines, and budgets amid possible Sony cuts; Spider-Man 2 cost ~$300M, almost 3x Spider-Man's cost
Internal documents show how a big PlayStation studio plans its future — Insomniac Games quickly established itself …
Chinese grocery delivery startup Missfresh tells employees it has run out of money; Missfresh was valued at $3B after raising ~$300M in its June 2021 IPO
Financial Times : Tweets: @johnaglionby , @robinwigg , @caseynewton , @ron_miller , and @muradahmed Tweets: John Aglionby / @johnaglionby : ‘Our operations are in big trouble’. Understatment of the y...
Sources: India-based short video app ShareChat's parent company Mohalla Tech raises ~$300M from Google, Times Group, and Temasek Holdings at a ~$5B valuation
Munsif Vengattil / Reuters :
Sources: two weeks after the launch of CNN+, the premium streaming service has garnered under 10K DAUs, amid reports that CNN has spent ~$300M on the effort
- Fewer than 10,000 people are using CNN+ on a daily basis two weeks into its existence, sources said.