A coalition of 12 state attorneys general is suing to block the merger of Paramount Skydance and Warner Bros. Discovery (WBD), alleging the deal would harm movie theaters, basic cable distributors and audiences. The coalition, led by California Attorney General Rob Bonta, maintains that the acquisition violates the Clayton Act, which prohibits mergers that could
X has made a “tweak” to its algorithm to increase the visibility of posts to users’ “mutuals” — the people they follow and who follow them, product manager Nikita Bier said Monday. “We noticed that this data was missing from the algorithm and caused your friends to appear less in your answers. This resulted in
A pattern is emerging among people who have already succeeded. They’re rolling up their sleeves again, apparently for fear of missing out on AI’s watershed moment and, presumably, the irresistible lure of making even more money, potentially a lot more. Tom Blomfield, who co-founded GoCardless and Monzo before spending 4.5 years advising founders as a
Singapore-based video generation startup PixVerse today said it has closed its Series C extension, with a total of $439 million raised in the round. The company told TechCrunch that with the new tranche of financing, its valuation has surpassed $2 billion. With the cash, the company aims to expand its global model offering and reach
Uber has spent the last year quietly moving beyond the two businesses most people associate it with. There’s ride-hailing, of course, and delivery, but spend time on the app and you’ll now find Expedia-powered hotel bookings, “buy for me” concierge features, and boat rentals in Europe. Under the hood, so to speak, there’s a lot
Nous Research, the startup behind open source agent Hermes, is finalizing a new funding round led by Robot Ventures, with significant participation from USV and other prominent investors at a valuation of $1.5 billion, according to three sources with knowledge of the deal. The company is raising at least $75 million and has drawn a
