US-based AI startup Arcee releases Trinity Large, a 400B-parameter open-weight model that it says compares to Meta's Llama 4 Maverick 400B on some benchmarks
Many in the industry think the winners of the AI model market have already been decided: Big Tech will own it (Google, Meta …
Celebrity video shoutout app Cameo sues OpenAI for trademark infringement, alleging Sora's “cameo” feature is likely to cause confusion and dilute its brand
Blake Brittain / Reuters :
Kalshi raised $185M led by Paradigm at a $2B valuation; sources: Polymarket is completing a $200M+ investment led by Founders Fund at a ~$1B pre-money valuation
Prediction-Market Unicorn Hits $2 Billion Valuation Bogdan Patru / Bitcoin Insider : Prediction Market Kalshi Achieves Unicorn Status with $185 Raised at its $2B Evaluation, as BTC...
a16z, which has a ~20% stake in Deel worth $2.5B+, is advising Deel in fighting Rippling, whose CEO, Parker Conrad, said a16z pushed him out of Zenefits in 2016
Notably, A16Z also (reportedly) pushed some seed investors to sell their Deel stakes in prior rounds to buy as much as they could get, which some were unhappy about. … X: @cailen :...
White House crypto czar David Sacks says NFTs and memecoins are neither securities nor commodities, but collectibles that people buy to “commemorate something”
Non-fungible tokens and memecoins are neither securities nor commodities, according to White House crypto czar David Sacks.
Sources: Google offered CISPE ~€455M worth of Google Cloud licenses and €14M in cash on condition that CISPE maintain its antitrust complaint against Microsoft
- Cloud group rejected Google package to keep their EU case — CISPE eventually reached antitrust settlement with Microsoft
Reddit shares plunge almost 25% in two days, after soaring 30% on Monday, and finish the week at $49.30, below the first trading day close of $50.44
Jonathan Vanian / CNBC :
Source: the US FTC is examining the nature of Microsoft's investment in OpenAI and potentially antitrust law violations but hasn't opened a formal investigation
- The agency hasn't opened a formal probe into Microsoft-OpenAI — Microsoft didn't report deal to FTC due to non-profit status
California Governor Newsom signs the Right to Repair Act into law, effective for devices made and sold after July 1, 2021, minus game consoles and alarm systems
California Governor Gavin Newsom has signed SB 244, or the Right to Repair Act, into law, making it easier for owners …
California Governor Newsom signs a bill forcing VC firms to share the diversity of founders they back; some worry about liability from releasing sensitive info
The IRS starts using AI to investigate complex cases of tax evasion at multibillion-dollar partnerships like hedge funds, private equity groups, and law firms
And To Harness AI Associated Press : The IRS is going after tax-dodging millionaires—with help from AI Jacob Knutson / Axios : IRS will use AI to crack down on wealthy potential ta...
The IRS starts using AI to investigate complex cases of tax evasion at multibillion-dollar partnerships like hedge funds, private equity groups, and law firms
And To Harness AI Brett Rowland / The Sanford Herald : IRS to target 1,600 millionaires in crackdown, use AI to catch wealthy tax cheats Nikki Main / Gizmodo : The IRS Is Using AI ...
Imbue, formerly Generally Intelligent, which claims to have access to 10K Nvidia H100 GPUs to train its AI “agents”, raised a $200M Series B at a $1B valuation
Dropbox ends its unlimited option, capping its “all the space you need” storage plan to 5TB, after some abused the tier by pooling storage, reselling, and more
Brody Ford / Bloomberg :
Dropbox ends its unlimited option, capping its “all the space you need” storage plan to 5TB, after some abused the tier by pooling storage, reselling, and more
Brody Ford / Bloomberg :
Spotify CEO Daniel Ek teases ways the company could integrate additional AI into its products, including summarizing podcasts and generating audio ads
Some Apple Savings Account users have had trouble transferring money out of their accounts; Goldman representatives have given differing responses on what to do
Zip, which sells procurement management software, raised a $100M Series C led by Y Combinator at a $1.5B post-money valuation, taking its total funding to $181M
Ups Valuation To $1.5B LinkedIn: Kendall Ashe : It's an exciting day here at Zip (ziphq.com) - announcing our series C & the launch of our intake-to-pay solution! — https://www.f...
BeReal fights to retain users as some find its authenticity monotonous; Apptopia: the app's daily users fell to under 6M in March 2023 from ~15M in October 2022
BeReal was pitched as Gen Z's safe haven from the artifice of social media. For some, authenticity only proved interesting for so long.
A look at a draft copy of Sam Bankman-Fried's planned House testimony, including accusations against John Ray and screenshots from a chat with Changpeng Zhao
Sam Bankman-Fried, founder of collapsed crypto exchange FTX, was scheduled to testify Tuesday before the U.S. House of Representatives Committee on Financial Services.