Advances in generative AI have taken the tech world by storm. Biotech investors are making a big bet that similar computational methods could revolutionize drug discovery. On Tuesday, ARCH Venture Partners and Foresite Labs, an affiliate of Foresite Capital, announced that they incubated Xaira Therapeutics and funded the AI biotech with $1 billion. Other investors […]
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Anduril Industries has taken another step forward in its quest to become the next great American prime, this time by beating out major defense companies to develop and test small unmanned fighter jet prototypes. The venture capital darling beat out Boeing, Lockheed Martin and Northrop Grumman on the deal, under the Air Force’s Collaborative Combat […]
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With HashiCorp, Big Blue gets a set of cloud lifecycle management and security tools, and a company that is growing considerably faster than any of IBM’s other businesses.
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If there’s one overarching takeaway from last night’s Rabbit R1 launch event, it’s this: Hardware can be fun again. After a decade of unquestioned smartphone dominance, there is, once again, excitement to be found in consumer electronics. The wisdom and longevity of any individual product or form factor — while important — can be set […]
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JioCinema introduced new monthly subscription plan on Thursday, with the lowest tier costing just 35 cents.
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Augment, a startup developing an AI-powered platform similar to GitHub’s Copilot, has launched out of stealth valued at nearly $1 billion.
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TikTok faces an uncertain fate in the U.S. once again. A bill including a deadline for TikTok parent company Bytedance to divest within nine months or face a ban on app stores to distribute the app in the U.S., was signed by President Joe Biden on Wednesday as part of broader legislation including military aid […]
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Though many eyes are on space as orbit develops into a thriving business ecosystem, Radical is keeping things a little closer to the ground — but not too close. Its high-altitude, solar-powered aircraft aim to succeed where Facebook’s infamous Aquila failed by refining the tech and embracing more markets. It’s hard to believe that Facebook’s […]
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Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a whopping $1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and with competitors chipping away at its place, Stripe is […]
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Enterprises still don’t trust OpenAI, while open source AI models are cheaper and more than sufficient for targeted specific tasks, Nova AI founder says.
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