| Bloomberg: |
Sources: XAI Holdings, the newly combined entity housing xAI and X, is in talks to raise roughly $20B, or possibly more, valuing the company at more than $120B — Elon Musk's XAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup … | Wall Street Journal: |
Docs and sources detail the opaque market for shares of Elon Musk's private companies; Valor recently offered investors $1B worth of shares in SpaceX and xAI — Lucrative stock deals have allowed SpaceX to avoid public scrutiny even as it has grown into one of the largest companies in the U.S.| Gabe Kaminsky / The Free Press: |
Leaked letter: interim US Attorney for DC Ed Martin accused Wikipedia of allowing foreign manipulation and propaganda, threatening its tax-exempt status — In a letter obtained by The Free Press, Trump appointee Ed Martin accuses the Wikimedia Foundation of violating the law.| Chris Welch / The Verge: |
Google says it will end support for 1st- and 2nd-gen Nest thermostats on October 25, and won't launch new models in Europe due to its “unique” heating systems — The company is also pulling Nest thermostats out of Europe entirely, citing “unique” heating challenges.| Dario Amodei: |
| Tom Warren / The Verge: |
Microsoft makes Recall available to all Copilot+ PCs, along with a new AI-powered Windows search and Click to Do, which works like Google's Circle to Search — Microsoft's Click to Do image and text tool is also rolling out today. … We knew Microsoft was about to launch Recall for real this time … | Washington Post: |
Sources: China has quietly exempted from tariffs at least eight classifications of US-made microchips, as it seeks to exempt “irreplaceable” goods — Levies on certain U.S.-made microchips have been dropped, importers say. Meanwhile, China denied President Trump's claims that talks to reduce tariffs are happening.| Financial Times: |
Deliveroo, which listed in London with a £7.6B valuation in 2021, says it received a buyout proposal from DoorDash that would value the company at £2.7B — UK food delivery group valued at £7.6bn in London listing four years ago — Deliveroo, the food delivery company … | Bloomberg: |
Sources: Chinese AI startup Manus raised $75M led by Benchmark at a $500M valuation, and plans to expand to markets including the US, Japan, and the Middle East — The Chinese startup behind Manus AI secured a round of financing led by US venture firm Benchmark, scoring capital to explore … | Brody Ford / Bloomberg: |
Sources: Microsoft plans to increase the use of third-party firms for selling software to SMBs; in-house sellers will get more training and focus on AI products — Chief Commercial Officer Judson Althoff revealed the initiative to employees on Thursday, according to people familiar with the situation.| Dan Primack / Axios: |
Deel sues Rippling for alleged defamation, libel, and deceptive trade practices, says Rippling placed an insider within Deel, is not tax compliant, and more — The legal battle between HR software unicorns Deel and Rippling escalated on Friday, with Deel suing Rippling for alleged defamation, libel, and deceptive trade practices.| Hayden Field / CNBC: |
Meta and Booz Allen partner to deploy Space Llama, a fine-tuned version of Llama 3.2, for research aboard the International Space Station National Laboratory — On Friday, Meta and Booz Allen Hamilton launched “Space Llama.” — Llama, Meta's open-source artificial intelligence model … | Bloomberg: |
NetEase has lost at least three senior executives in recent months, as CEO William Ding pulls back on investments and cuts jobs in a bid to boost profits — Simon Zhu, NetEase's president for global investments and partnerships, said he was leaving the Chinese video-game company in a social media post on Friday.| Newcomer: |
Internal presentation by Microsoft's CFO Amy Hood: number of users for Copilot has been flat over the past year with ~20M weekly users, as ChatGPT grew to 400M — Mustafa Suleyman hasn't delivered the turnaround he was hired to bring — At Microsoft's annual executive huddle last month … | Pete Koomen: |
Many AI features, like Gmail's AI assistant, feel useless because they don't allow users to edit system prompts, constraining the AI models they're built with — I noticed something interesting the other day: I enjoy using AI to build software more than I enjoy using most AI applications—software built with AI.| Asa Fitch / Wall Street Journal: |
IBM has booked $6B in sales around generative AI and Red Hat's revenue has about doubled since IBM bought it, fueling a ~2x jump in IBM's stock since April 2020 — ‘Big Blue’ has clawed back into investor favor, but needs to show staying power in AI to cement its comeback| Nnaemeka Onyekachi / Nairametrics: |
A Nigerian tribunal upholds a $220M fine imposed on Meta in July 2024 for discriminatory and exploitative practices against Nigerian consumers — Nigeria's Competition and Consumer Protection Tribunal on Friday ordered WhatsApp and Meta Platforms Incorporated to pay a $220 million penalty … | Yogita Khatri / The Block: |
Symbiotic, which is building a “universal staking” platform after starting as a restaking protocol on Ethereum, raised a $29M Series A led by Pantera Capital — - Symbiotic has raised $29 million to expand from restaking into a broader “universal staking” platform.| The Information: |
Docs: Scale AI had revenue of $870M in 2024, missing its $1B target, and plans a $150M share sale that values the startup at around $25B, up 80% from a year ago — Scale AI, the fast-growing data-labeling startup, missed its revenue and profit targets last year, but its investors are undeterred.
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| CNN: |
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| Emma Roth / The Verge: |
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