Apple is reportedly teaming up with deferred payment processor Klarna to launch a new lease-to-own program for its devices. Bloomberg reported on Tuesday that the program, called Apple Upgrade, will launch next Tuesday, July 28. It will allow consumers to pay for purchases over multi-year periods, including iPhones, iPads, Macs and Apple Watches. Bloomberg writes
Battery materials startup Sila announced Tuesday that it raised $300 million to expand its factory in Washington state to produce enough anode material for more than 100,000 electric vehicles. Sila’s expansion comes as demand for electric vehicles in the United States has weakened in the wake of the Trump administration’s efforts to cripple propulsion technology.
It’s been a big year for AI acquisitions, so big that most of them barely register. Anthropic and OpenAI have continued to buy, acquiring developer tools, AI service shops, and product testing startups to turn model capability into enterprise revenue and expand their reach faster than each other. Which is what made the weekend rumor
While many newer venture capital firms are still struggling to raise fresh capital, Dimension Capital, founded in late 2022, has been raising larger and larger funds in rapid succession. On Tuesday, the New York firm, which invests at the intersection of science and computing, announced an $800 million fund, up 60% from its second $500
OpenAI admitted Tuesday that one of its AI models breached the systems of Hugging Face, the unaffiliated AI hosting platform, during an internal cybersecurity test that went wrong. The models reportedly escaped from their isolated test environment and made their way to Hugging Face’s systems from there. Hugging Face initially attributed the breach to an
Meta is working on an AI storytelling app called StoryKit, which creates AI-generated children’s stories with custom characters, settings, lessons, and music. As the App Store listing assures parents: “You don’t need to type a single word.” Finally, a technology company has found a way to outsource humanity’s oldest pastime: using our imagination. StoryKit was
