Databricks is on track to raise a record $9.5+ billion round at $60B valuation

Posted on December 13, 2024 by Techme101

Databricks is close to finalizing a $9.5 billion round at a $60 billion valuation, including a secondary sale for employees that could climb even higher before it closes, Reuters reports. Just 17 days ago, Reuters reported that the deal was at $8 billion and a $55 billion valuation. Thrive Capital is leading the deal with […]
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Exxon can’t resist the AI power gold rush

Posted on December 13, 2024 by Techme101

The oil and gas company announced that it’s planning to build a massive power plant for data centers.
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OpenAI emails show Elon Musk wanted for-profit structure in 2017

Posted on December 13, 2024 by Techme101

OpenAI on Friday posted screenshots showing that Elon Musk, one of its co-founders, pushed for the company to have a for-profit structure as far back as 2017.

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Apple and Google instructed by House committee to prepare to dump TikTok next month

Posted on December 13, 2024 by Techme101

House members are telling Apple and Google to be prepared to comply with a law that could result in TikTok facing an effective ban in the U.S.

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See what Google’s Project Astra AR glasses can do (for a select few beta testers)

Posted on December 13, 2024 by Techme101

Google has released a prototype of Project Astra’s AR glasses for testing in the real world. The glasses are part of Google’s long-term plan to one day have hardware with augmented reality and multimodal AI capabilities. In the meantime, they will be releasing demos to get the attention of consumers, developers, and their competition. Along […]
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OpenAI fires back against Musk, claims he wanted an OpenAI for-profit

Posted on December 13, 2024 by Techme101

OpenAI fired back at billionaire Elon Musk on Friday, publishing a series of emails and texts that the company claims show Musk’s lawsuit against it is misleading. Musk’s legal battle with OpenAI, which has been going on for months now, at its core accuses the company of abandoning its original nonprofit mission to make the […]
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Former ByteDance Intern Accused of Sabotage Among Winners of Prestigious AI Award

Posted on December 13, 2024 by Techme101

Keyu Tian and his coauthors won the Best Paper Award at the annual NeurIPS machine learning conference for their work on a new technique for generating images. Some have objected to the decision.

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Google’s Android XR May Usher in New Generation of Smart Glasses

Posted on December 13, 2024 by Techme101

Developers can try out the Android XR SDK now. Samsung has announced one upcoming set of glasses using the new OS.

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Biden administration races to approve clean energy loans before Trump takes over — here’s who is benefiting

Posted on December 13, 2024 by Techme101

The Department of Energy (DOE) is on a loan-approval spree in the lead-up to President-elect Donald Trump’s inauguration, and the winners are all companies manufacturing clean energy solutions on U.S. soil. Companies like Stellantis and Samsung, Rivian, and most recently, EVgo. Trump has promised to cancel any unspent federal dollars under President Joe Biden’s Inflation […]
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EVgo secures $1.25 billion loan amid Biden’s rush to approve clean energy loans

Posted on December 13, 2024 by Techme101

Electric vehicle charging startup EVgo is the latest company to secure funds from the U.S. Department of Energy as the Biden administration races to approve clean energy loans before Donald Trump takes over.  Trump has promised to cancel any unspent funds from Biden’s bipartisan Inflation Reduction Act, including the $7,500 tax credit for new EV […]
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