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
Of all the debates out there about the potential downsides of AI, there is one concern that is causing the most concern among AI enthusiasts in Silicon Valley. Their fear is that the giant artificial intelligence labs that sell proprietary models are somehow acting as Trojan horses. The concern is that as startups and enterprises
On Friday, Apple released the explosive news that it was suing OpenAI for alleged theft of trade secrets, alleging that OpenAI stole confidential Apple data and engaged in efforts to learn proprietary information while recruiting former Apple employees. Accusing OpenAI of stealing secrets about unreleased Apple products, Apple revealed that a former employee allegedly diverted
General Fusion began trading on the Nasdaq today under the symbol GFUZ, becoming the first publicly traded fusion energy company, surpassing its Trump-backed competitor TAE Technologies by several months. And investors seemed to want in. Shares rose when trading began on Monday and are now up 40% from $12.85 as of 12:50 p.m. ET. General
