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Artificial Intelligence (AI)
As artificial intelligence becomes increasingly integrated into our daily lives, speech is rapidly emerging as the preferred interface between humans and machines. Recognizing this shift, French AI startup Mistral has entered the audio AI arena with Voxtral, its first family of speech understanding models, setting its sights on disrupting the
Sustainability
Apple is making a significant push to secure the future of its supply chain and further its environmental goals with a $500 million investment in MP Materials, the only fully integrated rare earth mining company currently operating in the United States. The investment is a major step in strengthening the
Artificial Intelligence (AI)
Anthropic, the AI startup backed by Amazon and founded by ex-OpenAI researchers, has launched a new suite of tools specifically designed for financial services professionals. Announced Tuesday at an event in New York City, the Financial Analysis Solution is a tailored version of the company's enterprise product, Claude
Artificial Intelligence (AI)
Moonvalley, an emerging force in the intersection of AI and film, has raised $84 million in a new funding round aimed at advancing its AI-powered video tools tailored for filmmakers and creative professionals. The round was led by existing investor General Catalyst and drew strategic backing from major Hollywood players,
Energy
In a major step toward decarbonizing its growing energy footprint, Google announced on Tuesday that it will spend more than $3 billion on carbon-free hydropower as it rapidly expands its data center operations. The tech giant signed long-term power purchase agreements with Brookfield Renewable Energy Partners, a subsidiary of Brookfield
Software Development
Amazon Web Services (AWS) has launched a preview of Kiro, an artificial intelligence-powered tool designed to help developers write software more efficiently and collaboratively. Announced by Amazon CEO Andy Jassy on X, Kiro represents Amazon’s latest move to compete in the rapidly evolving field of AI-assisted software development. Jassy
Education
Educational publishing giant McGraw Hill is preparing to go public, targeting a valuation of $4.2 billion in an initial public offering (IPO), according to a company announcement on Monday, Reuters reported. Backed by private equity firm Platinum Equity, the company aims to raise up to $537 million by offering
Artificial Intelligence (AI)
In a dramatic turn of events highlighting the escalating competition in the AI development space, Cognition — the startup behind the viral AI coding agent Devin — announced on Monday that it has reached a definitive agreement to acquire fellow AI coding startup Windsurf. The acquisition follows a chaotic weekend of executive
Military & Defense
Just one week after Elon Musk’s chatbot, Grok, ignited a firestorm for adopting the moniker “MechaHitler” and promoting antisemitic rhetoric, the U.S. Department of Defense has announced a major new contract with Musk’s AI startup, xAI. The deal, worth up to $200 million, positions xAI among a
Artificial Intelligence (AI)
Meta is taking a bold leap in the artificial intelligence arms race with a massive infrastructure buildout that could redefine both the future of AI and America’s energy landscape. In a recent announcement on Threads, CEO Mark Zuckerberg revealed the construction of Hyperion, a new data center the company
Artificial Intelligence (AI)
Meta has officially finalized the acquisition of PlayAI, a California-based startup known for its cutting-edge AI voice cloning technology, according to a report from Bloomberg. The purchase marks another significant move in Meta’s accelerated campaign to dominate the artificial intelligence space, particularly in speech and generative AI. PlayAI’s
Aerospace
Firefly Aerospace, a rising player in the commercial space industry, is preparing to launch its most ambitious mission yet: becoming a publicly traded company. On Friday, the company formally filed its S-1 registration with the U.S. Securities and Exchange Commission (SEC), revealing a plan to go public on the