In February, AI coding startup Windsurf was in talks to raise a big new round at a $2.85 billion valuation led by Kleiner Perkins, at double the valuation it hit six months earlier, sources told TechCrunch at the time. That deal didn’t happen, according to a source familiar with the matter. Instead, news broke in April…
Tesla is breaking up the team behind its Dojo supercomputer, ending the automaker’s play at developing in-house chips for driverless technology, according to Bloomberg. Dojo’s lead, Peter Bannon, is leaving the company, and the remaining team members will be reassigned to other data center and compute projects within Tesla, per Bloomberg’s reporting, which cited anonymous…
Rocket Lab is signaling to investors, yet again, that it’s more than “just” a rocket company. Rocket Lab’s second-quarter results, which were posted Thursday, show revenues continue to be driven by its space systems business rather than launch. The results also highlighted the company’s acquisition strategy and how its purchase of a new optical payloads…
This week, Instagram introduced a new Snap Map-like feature called Instagram Map that lets U.S. users share their most recent active location with others and discover location-based content. If you decide to turn on your location on Instagram Map, your location only updates when you open the app or have it running in the background,…
Financial services provider Brex on Thursday announced that it achieved a major milestone: It is now licensed in the European Union. That means it can now directly issue credit and debit cards and offer its spend management products to any business in all 30 EU countries with “no workarounds required,” as co-founder and CEO Pedro…
OpenAI has launched GPT-5, a new flagship AI model that will power the company’s next generation of ChatGPT. GPT-5, which was released Thursday, is OpenAI’s first “unified” AI model and combines the reasoning abilities of its o-series of models with the fast responses of its GPT series. The next-generation model signals a new era for…
The newest piece of infrastructure coming to Starbase, Texas isn’t a launch mount or a booster. It’s a water pipeline, and who can hook up a tap (and on what terms) will shape the definition of “company town.” The new line, which will stretch from Brownsville to the newly incorporated City of Starbase, will replace…
After a second-quarter earnings beat, Airbnb CEO Brian Chesky shared his thoughts on the company’s AI strategy, cautioning investors that AI chatbots can’t yet be thought of as the “new Google.” That is, AI chatbots, while potentially driving new leads to the travel and services business, aren’t entirely a replacement for the referrals that the…
Duolingo announced on Wednesday that it beat its quarterly revenue estimates, even though the company faced widespread backlash for choosing to embrace generative AI over human workers. Duolingo stock rose almost 30% on the news. In April, CEO Luis von Ahn shared that Duolingo would become an “AI-first” company, phasing out its use of contract…
AI startup Perplexity is powering a new AI-powered search engine on Truth Social, President Donald Trump’s social media platform. The search engine, dubbed Truth Search AI, is already available on the web version of Truth Social, with public Beta testing on its iOS and Android apps planned for “the near future.” Trump Media said in…
