Key Takeaways: A federal filing disclosed Generalist AI’s roughly $200 million late-stage financing, according to Axios. The round was led by 8VC and included existing investors Nvidia, Bezos Expeditions, Radical Ventures, USV, Hanabi, Spark Capital, and Fei-Fei Li. Generalist AI did not respond to Axios’ request
Key Takeaways: WildBrain has acquired Personality AI through a cash-and-stock transaction that could ultimately be worth $69 million, giving the Canadian children’s media business an in-house route into conversational character experiences. The strategy is to combine Personality AI’s generative AI technology with
Key Takeaways: Professional sports franchises are increasingly being valued as data and media businesses, helping explain why ultra-wealthy investors continue to pursue scarce teams at elevated prices. Artificial intelligence adds another layer to that appeal. The basic investment case has long rested on limited s
Key Takeaways: The AI infrastructure market is moving from a training-first era toward one in which inference performance determines whether an application is commercially usable. That change becomes especially pron...
Key Takeaways: Hugging Face has been working with a bank to assess interest from potential bidders in a sale that could value Hugging Face at $13 billion or more, according to people familiar with the matter. The discussions remain exploratory, and no deal has been reached. That distinction matters. A sale process
Key Takeaways: OpenAI CEO Sam Altman is drawing attention to a risk that accompanies the technical dangers usually associated with artificial intelligence: the possibility that control over advanced systems becomes ...
Key Takeaways: Alibaba Group Holding will issue HK$80 billion (US$10.2 billion) in new shares, dedicating all the proceeds to its expanding artificial intelligence business. Announced on Sunday, the transaction gives Alibaba substantial additional capital for infrastructure, computing capacity, models and applicat
Key Takeaways: A California court dispute between Do Big Studios and Mementum Lab is turning an absurdist internet meme into a consequential test of commercial rights in AI-generated content. Do Big Studios created Steal a Brainrot, a hit game on Roblox in which players collect and steal characters associated with
Key Takeaways: Rillet has raised $100 million in a Series C led by ICONIQ, reaching a post-money valuation of $1 billion as it tries to replace accounting systems from NetSuite, SAP, Workday, Oracle Fusion, and Microsoft’s Great Plains. Sequoia Capital, Andreessen Horowitz, Oak HC/FT, Bain Capital Ventures, Sequoi
Key Takeaways: Toluwa Omitowoju learned that she had been recorded by a man wearing Meta’s AI-powered smart glasses only after the resulting video appeared online. Friends, along with people she had not spoken to in years, sent it to her. “It went viral. Across all platforms, probably over 200,000 views,” Omitowoj