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Category Archives: Tech
Amazon resumes drone deliveries after two-month pause
Amazon has resumed making drone deliveries in Texas and Arizona after it halted the program earlier this year.
Construct Capital raises $300M fund for defense and manufacturing tech
Construct Capital, an early-stage venture capital firm that invests in startups applying technology to sectors like manufacturing, transportation, and defense, has closed its third fund with $300 million in capital commitments. The Washington D.C.-based firm previously raised a $225 million … Continue reading
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Trump’s tariffs could mean big business for supply chain software startup LightSource
LightSource, a supply chain software startup, has raised $33 million in a funding round led by Bain Capital and Lightspeed.
OpenAI Closes Deal That Values Company at $300 Billion
The start-up’s valuation, which has nearly doubled in six months, shows continued enthusiasm for A.I. among investors.
Fashion startup CaaStle appears to be in trouble
CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and in 2018 became an inventory monetization platform for clothing retailers, is facing financial difficulties, reports Axios. The company is almost out of money, CEO Christine Hunsicker … Continue reading
OpenAI raises $40B at $300B post-money valuation
OpenAI on Monday announced that it closed one of the largest private funding rounds in history. According to a blog post on the company’s website, OpenAI raised $40 billion in a round that values the company at $300 billion post-money. … Continue reading
ChatGPT’s new image generator is really good at faking receipts
ChatGPT’s new image generator is raising concerns for being really good at creating fake receipts.
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AI chipmaker Cerebras announces CFIUS clearance, a key step toward IPO
The government decision helps clear the path for an initial public offering from one of Nvidia’s challengers in artificial intelligence chips.
Tesla plunges 36% in first quarter, worst performance for any period since 2022
Tesla had its third-worst quarter ever in the first three months of the year, a stretch that’s corresponded with Elon Musk’s time with the Trump administration.
Wall Street banks got meager payout from CoreWeave IPO
After waiting over three years for a billion-dollar-plus IPO from a U.S. tech company, Wall Street’s top banks only got a 2.8% fee.