AI infrastructure company Infinity on Monday announced a $15 million raise at a $100 million valuation from investors including Touring Capital, Principal VC, and researchers at companies like OpenAI and Anthropic. The startup is creating software to make it easier for AI chips to run AI models. A big reason why Nvidia became the top
AI agents are starting to perform more sophisticated tasks, such as identifying suppliers that can deliver cargo, comparing prices, and sending messages to the supplier to arrange a delivery. But when it comes to paying for shipping, they still need to involve a human. Today’s financial sector depends on financial pathways, the underlying infrastructure that
The impressive capabilities of Chinese lab Moonshot’s Kimi K3, the largest open-weight large language model, have started a debate that combines two things: the economic possibilities of American AI giants and the future of LLMs as a technology. OpenAI’s head of strategic futures, Dean W. Ball, went so far as to argue that the US
Chris Fall, director of the Center for AI Standards and Innovation (CAISI), has resigned, the agency confirmed to several media outlets. He was appointed just three months ago after the last appointee, Collin Burns, left in less than a week, The Washington Post reported at the time. Burns was reportedly “ousted” from the job in
Anthropic can finally start writing checks to a group of book authors and publishers who sued the AI lab for copyright infringement. A federal judge on Monday gave final approval to Anthropic’s landmark $1.5 billion settlement in a copyright class action lawsuit, Reuters reported. Judge William Alsup of the U.S. District Court for the Northern
When de-extinction startup Colossal Biosciences revealed last year that it was attempting to “resurrect” the dire wolf from genetic material found in fossils, we argued that, despite the controversy surrounding the project, the company was building valuable technologies that justify its $10.2 billion valuation. Now, about 16 months later, the startup is in talks to
