Technology
Kais Khimji has spent most of his professional career as a venture investor, including six years as a partner at the prominent VC firm Sequoia Capital. But just like several other former Sequoia partners — including David Vélez, who founded the Brazilian digital bank Nubank — Khimji (pictured left) has always wanted to be a…
LiveKit, a developer of infrastructure software for real-time AI voice and video applications, has announced the raise of $100 million in funding at a $1 billion valuation. The round, which comes 10 months after LiveKit’s previous fundraise, was led by Index Ventures with participation from existing investors, including Altimeter Capital Management, Hanabi Capital, and Redpoint…
Last year, fusion power startup General Fusion was struggling to raise funds, laying off at least 25% of its staff before receiving a $22 million lifeline investment while it figured out how to keep the company afloat. Today, General Fusion revealed its survival plan: it will go public through a reverse merger with an special…
Two days after settling a lawsuit accusing Snapchat of causing social media addiction and mental health issues, Snap announced that it’s introducing new parental controls. Parents and guardians can now use Snapchat’s “Family Center” tool to see how much time their teen is spending on the platform, along with additional details about the new friends…
A pattern is emerging in the AI infrastructure world: popular open source tools are transforming into venture-backed startups worth hundreds of millions of dollars. The latest example is RadixArk, the commercial company behind SGLang, an increasingly popular tool that helps AI models run faster and cheaper. RadixArk was recently valued at about $400 million in…
Apple may be developing its own AI wearable, according to a report published Wednesday by The Information. The device will be a pin that users can wear on their clothing, and that comes equipped with two cameras and three microphones, the report says. Should the rumored device come to market, it would mark another sign…
Jeff Bezos’ space company Blue Origin has just announced a satellite internet network called TeraWave which will be capable of offering data speeds up to 6Tbps, and geared towards enterprise, data center, and government customers. The TeraWave constellation will use a mix of 5,280 satellites in low-Earth orbit and 128 in medium-Earth orbit, and Blue…
Adobe has been aggressively adding AI features to all its products in the last few years. The company is now adding more AI tools to Acrobat, including the ability to generate podcast summaries of files, create presentations, and a way for users to edit files using prompts. The company launched Adobe Spaces last year, which…
Days ahead of a scheduled trial, social media company Snap has settled a lawsuit accusing the platform of causing social media addiction, according to reports from multiple outlets. According to the New York Times, the settlement was announced Tuesday in the California Superior Court in Los Angeles County. The lawsuit against Snap was brought by…
Industry reports and the growth of voice model companies in the Indian market suggest that there is a growing demand for voice AI solutions in the country. Voice is a popular medium for communication among people and businesses in India. That’s why enterprises and startups are eager to use voice AI to be more efficient…
