Genesis AI launches from Khosla’s Eclipse with $105 million seed funding to build an AI model for robots
Genesis AI is a startup aimed at building foundational models for running all kinds of robots, and has emerged from stealth with a huge $105 million seed round co-led by Eclipse Ventures and Khosla Ventures. It was founded last December by Zhou Xian (photo above, left). At Robotics at Théophile Gervet, a former research scientist […]
Xai raises $100 billion in debt and equity
Xai, the AI company of Elon Musk, has raised $10 billion in debt and capital, Morgan Stanley confirmed Monday. In an X’s post, Financial Giant said Xai raised $5 billion and another $5 billion in another strategic stock trade. “The combination of debt and equity reduces the overall cost of capital and significantly expands the […]
CloudFlare launches a market where websites can claim AI bots for scraping
CloudFlare, a cloud infrastructure provider that serves 20% of the web, announced on Tuesday the launch of a new market that rethinks the relationship between website owners and AI companies. Last year, CloudFlare launched a publisher-friendly tool to deal with the ramping rise of AI crawlers, including a one-click solution that blocks all AI bots […]
Everything you need to know about the AI chatbot
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership […]
Sri Mandir keeps investors hooked as digital dedication grows
Appsforbharat, the Indian startup behind Hindu dedicated app SRI Mandir, has raised $20 million in just over nine months since securing $18 million as the app continues to attract strong interest not only devotees but investors. Susquehanna Asia Venture Capital led the Series C round with participation from existing investors including Indian billionaire and tech […]
Tesla sends driverless model Y from the factory to customers to promote Robotaxi Tech
Just a few days after launching limited Robotaxi services in Austin, Texas, Tesla has drawn out additional stunts to show off the progress of autonomous auto software. The company has driven the Model Y SUV into an apartment about 15 miles from the Tesla factory, where it lives in the apartment where the new owner […]
Next Generation Procurement Platform Level Pass is $55 million
LevelPath, a procurement software startup founded by the duo behind Scout RFP, has raised $55 million in Series B funding led by battery ventures to quadruple revenue this year. The funding round also included participation from existing investors, including the benchmark that led the Level Pass $14.5 million seed round, as well as Redpoint, the […]
US government overthrows North Korea’s major “workers” management
The US Department of Justice announced Monday that it had taken several enforcement measures against North Korea’s gold-making work. It announced that it would rely on undercover IT workers within American high-tech companies to raise funds for the administration’s nuclear weapons program and steal data and cryptocurrency. As part of DOJ’s multi-state efforts, the government […]
Taylor, the “headless” ERP startup, raises a $22 million series
Tailor, a San Francisco and Tokyo-based enterprise resource planning (ERP) platform, has raised $22 million in the Series A funding round. Investors include Anri, Jic Venture Growth Investments (Jic VGI), New Enterprise Associates (NEA), Spiral Capital and Y Combinator. ERP systems usually come with a single interface that includes all the necessary features, but this […]
Privacy-centric app maker Proton sues Apple over anti-competitive practices and charges alleged
Proton, a privacy-centric software provider that makes Proton Mail, Proton Calendar, Proton Drive and other apps, sued Apple for alleging anti-competitive practices on Apple’s App Store. In the new lawsuit, iPhone makers hold monopolies in the smartphone, app distribution and app payment processing market, Proton said. They also compare Apple’s fees with Internet commerce tariffs […]