CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and in 2018 became an inventory monetization platform for clothing retailers, is facing financial difficulties, reports Axios. The company is almost out of money, CEO Christine Hunsicker has resigned, and law enforcement is investigating alleged financial misconduct, Axios reported, citing a leaked […]
OpenAI on Monday announced that it closed one of the largest private funding rounds in history. According to a blog post on the company’s website, OpenAI raised $40 billion in a tranche that values the company at $300 billion post-money. SoftBank led the round, CNBC reported. Other participants included Microsoft, Coatue, Altimeter, and Thrive. “[This] […]
This month, ChatGPT unveiled a new image generator as part of its 4o model that is a lot better at generating text inside images. People are already using it to generate fake restaurant receipts, potentially adding another tool to the already-extensive toolkit of AI deepfakes used by fraudsters. Prolific social media poster and VC Deedy […]
Isomorphic Labs, the AI drug discovery platform that was spun out of Google’s DeepMind in 2021, has raised external capital for the first time. The $600 million round was led by Thrive Capital, with participation from GV, and existing investor Google’s parent Alphabet, it said. The funding will accelerate further development of Isomorphic’s AI […]
Former Secretary of State Hillary Clinton has joined Bluesky, following in the footsteps of former president Barack Obama, who made his first post on the platform last week. Clinton confirmed her Bluesky account’s legitimacy in an Instagram story and a post on X. In her introductory post, Clinton wrote about the Wisconsin Supreme Court election […]
OpenAI says that it intends to release its first “open” language model since GPT‑2 “in the coming months.” That’s according to a feedback form the company published on its website Monday. The form, which OpenAI is inviting “developers, researchers, and [members of] the broader community” to fill out, includes questions like “What would you like […]
Amazon has delivered on its promise to launch an upgraded Alexa experience, Alexa+, by the end of March. But the service reportedly lacks many of the features Amazon demoed at a press event in late February. Alexa+ can’t yet perform certain “agentic” AI tasks showcased in the company’s marketing, like ordering takeout on Grubhub or […]
Retym, a U.S. chipmaker with Israeli roots, has raised a fresh $75 million series D led by James Kuklinski of Spark Capital. Existing investors — Mayfield’s Navin Chaddha and Kleiner Perkins’ Mamoon Hamid — also participated, bringing its total raised to $180 million, it says. Retym is another startup benefiting from AI’s glow-up. It’s chips […]
Oracle has denied at least one breach, despite evidence to the contrary, as it begins notifying healthcare customers of a separate patient data breach.
Apple Intelligence, the iPhone maker’s suite of AI-powered tools and features, is gaining new features. Most notably, the company on Monday announced that Apple device owners will now be able to take advantage of Priority Notifcations, which allows Apple’s AI to highlight your most time-sensitive notifications in a new format. Other updates are coming to […]
