BusinessOpenAI Publishes Defense After Apple Sued It Over Alleged Trade-Secret TheftOpenAI has publicly responded to Apple’s July lawsuit accusing the startup of obtaining confidential information through former Apple employees as it develops AI hardware.3 min read
BusinessSoftBank borrows $10 billion using OpenAI stake as collateral, repeating Masayoshi Son’s leverage strategySoftBank disclosed in its earnings report that it borrowed $10 billion from a group of global lenders with its stake in OpenAI pledged as collateral.2 min read
BusinessNaïve raises $28.5M to scale infrastructure for automated AI-run businessesNaïve, a startup that provides infrastructure allowing AI agents to set up and operate businesses, has closed a $28.5 million Series A led by Nexus Venture Partners.3 min read
BusinessAI matchmaker Ditto gains traction among Gen Z college studentsDitto, an AI-driven dating service founded by Allen Wang and Eric Liu after they left UC Berkeley, lets college students sign up via iMessage and receive weekly, curated in-person dates.3 min read
BusinessAschenbrenner Pours $400M into Private Holding After Hedge Fund Near-CollapseLeopold Aschenbrenner, founder of Situational Awareness, invested $400 million into a private company days after his hedge fund faced a liquidity crisis that forced the sale of most public equities.3 min read
BusinessMirendil signs $100M+ Google Cloud deal for compute to develop self-improving AIAI lab Mirendil has entered a multi-year agreement with Google Cloud to secure compute capacity — a deal the company says is worth more than $100 million.3 min read
BusinessEx-Spotify engineers bring real-time, intent-driven recommendations to e-commerceThree former Spotify engineers—Sidd Motwani, Ian Anderson and Shivaditya Sinha—have launched Malachyte, a startup that applies the team’s Vector AI approach to online retail to predict shoppers’ intent in real time.3 min read
BusinessOmilia raises $67M to expand its AI-driven customer service platformAthens-based Omilia raised $67 million in a Series B led by Expedition Growth Capital to expand self-learning customer service agents and U.S.3 min read
BusinessGoogle to retire Assistant on September 4; Gemini to take overGoogle has set September 4 as the start date to begin retiring Google Assistant, with the transition to its Gemini AI expected to take several weeks.2 min read
BusinessTesla and SpaceX to Build Massive 'Terafab' Chip Factory in Grimes County, TexasTesla and SpaceX announced on Thursday that they will jointly develop "Terafab," an advanced semiconductor factory in Grimes County, Texas, with an initial $16.8 billion investment.3 min read
BusinessDemis Hassabis steps back from DeepMind CEO role as Koray Kavukcuoglu takes overDemis Hassabis, founder of DeepMind, stepped down from his CEO role Wednesday after increasingly focusing on scientific ventures like Isomorphic Labs.3 min read
BusinessSapiom cuts token costs and routes AI requests across modelsSan Francisco startup Sapiom says it reduced a client’s monthly token spending on Anthropic from $1.2 million to roughly $100,000 by optimizing inference and routing requests to cheaper models.3 min read
