Tech
Sources: Cerebras plans to raise its IPO price range from $115-$125 per share to $150-$160 per share, potentially raising ~$4.8B at the top of the new range (Echo Wang/Reuters)
Echo Wang / Reuters : Sources: Cerebras plans to raise its IPO price range from $11…
Tech
A look at Janitor AI, a romantic fantasy roleplay chatbot site run by three men that claims 2.5M DAUs and 15M total users, with 70% to 80% identifying as women (Anna Tong/Forbes)
Anna Tong / Forbes : A look at Janitor AI, a romantic fantasy roleplay chatbot site…
Tech
Sources: Digital Asset, which builds Canton Network, a public blockchain with privacy features, is raising a ~$300M round led by a16z crypto at a ~$2B valuation (Bloomberg)
Bloomberg : Sources: Digital Asset, which builds Canton Network, a public blockchai…
Tech
Microsoft and G42's $1B geothermal-powered data center in Kenya stalls after the government couldn't provide annual payment guarantees that Microsoft requested (Bloomberg)
Bloomberg : Microsoft and G42's $1B geothermal-powered data center in Kenya sta…
Tech
Execs at Palantir, whose stock is up ~16x since its AI platform's 2023 debut, often decry other AI as slop, as competition from frontier AI labs stiffens (Heather Somerville/Wall Street Journal)
Heather Somerville / Wall Street Journal : Execs at Palantir, whose stock is up ~16…
Tech
FCC passed an anti-robocall proposal requiring telecoms, including VoIP providers, to verify user identities before activating service, raising privacy fears (Ken Macon/Reclaim The Net)
Ken Macon / Reclaim The Net : FCC passed an anti-robocall proposal requiring teleco…
Tech
How SpaceMob, an online community of ~50,000, has fueled a meme-stock-like rally in satellite networking company AST, which is up ~6,000% over a 22-month period (Bloomberg)
Bloomberg : How SpaceMob, an online community of ~50,000, has fueled a meme-stock-l…
Tech
LayerZero apologizes for Kelp DAO exploit response, says single-verifier setup was deficient; Dune: in April, ~47% of LayerZero OApps had the same default setup (Zack Abrams/The Block)
Zack Abrams / The Block : LayerZero apologizes for Kelp DAO exploit response, says …
Tech
Sources: Isomorphic Labs, an AI-powered drug discovery company spun out of Google DeepMind, is in advanced talks to raise $2B+ led by Thrive Capital (Bloomberg)
Bloomberg : Sources: Isomorphic Labs, an AI-powered drug discovery company spun out…
Tech
Interviews with Intel CEO Lip-Bu Tan and other execs about the challenges of a turnaround, along with efforts to instill a sense of urgency in the organization (Ian King/Bloomberg)
Ian King / Bloomberg : Interviews with Intel CEO Lip-Bu Tan and other execs about t…
Tech
Filing: OnlyFans owner Leonid Radvinsky's wife assumed significant control of OnlyFans holding company Fenix in March following the death of Radvinsky (Bloomberg)
Bloomberg : Filing: OnlyFans owner Leonid Radvinsky's wife assumed significant …
Tech
Corgi, which provides insurance for startups and uses AI to generate quotes, manage claims, and more, raised a $160M Series B led by TCV at a $1.3B valuation (Richard Nieva/Forbes)
Richard Nieva / Forbes : Corgi, which provides insurance for startups and uses AI t…
Tech
Musk v. Altman: Mira Murati testifies that Sam Altman lied to her about the safety standards for a new OpenAI model and that he made her work more difficult (Jay Peters/The Verge)
Jay Peters / The Verge : Musk v. Altman: Mira Murati testifies that Sam Altman lied…
Tech
Anthropic says it signed a deal with SpaceX to use "all of the compute capacity" at Colossus 1, giving it access to over 300 MW of new capacity within the month (Axios)
Axios : Anthropic says it signed a deal with SpaceX to use “all of the compute capa…
Tech
OpenAI rolls out a beta version of its new Ads Manager tool to advertisers in the US, making it easier for SMBs to buy ChatGPT ads on a cost-per-click basis (Sara Fischer/Axios)
Sara Fischer / Axios : OpenAI rolls out a beta version of its new Ads Manager tool …
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