General Motors plans to invest in its Lansing Delta Township Assembly plant to handle future production of hybrid-electric vehicles, the latest move by the U.S. automaker to claw back market share by appealing to the shifting tastes of consumers. The company said on Tuesday that it plans to invest more than $2 billion over the…
Jio Platforms, billionaire Mukesh Ambani’s Indian telecom and digital services unit backed by Meta and Google, surged 21% in its stock market debut on Wednesday after raising $3.2 billion in India’s largest and most subscribed IPO, which attracted more than $77 billion in investor bids. The shares opened at ₹1,358 (about $14) apiece, up from…
October was a big month for venture funds, per SEC filings. The filings show that established names are currently commanding top dollar from LPs, especially with a specialized focus. Here are some of the most notable ones we found that haven’t been meaningfully announced or have seen important updates. For one, Trust Ventures filed Monday…
Insurance tech company Guidewire announced Tuesday the acquisition of the agentic underwriting insurance company Hyperexponential for $1.7 billion in cash. The deal, expected to close sometime next year, is to help bring AI agents to work alongside humans to underwrite, analyze, and price decisions. The deal is worth around $2 billion in total, with $400…
The AI boom has led to a gargantuan surge in energy demand across the country. Critics say this upswell in connections is enacting a stress test on America’s aging grid infrastructure. Worries abound that, in the short term, the energy crunch could lead to surging electrical bills and, in the long term, may eventually lead…
Many investors stand to win big when Anthropic goes public. Stakes held by firms including Menlo Ventures, Sequoia, Sound Ventures, and Spark Capital are expected to return billions. Yet according to Anthropic’s S-1, none of those VC firms owns 5%, the threshold for being included in the principal stockholders’ table. That’s highly unusual. In a…
The parents of Bowen Wan, a 31-year-old Amazon software engineer with epilepsy, sued OpenAI on Tuesday. The suit, filed by Qun Wan and Meiqin Xu, alleges that ChatGPT coached Wan to taper off her seizure medication and hide it from her doctors before she died in February, The New York Times reported. Wan was using…
UC Berkeley’s Sky Computing Lab built LEANN, an open-source vector index that stores almost no embeddings. The LEANN vector index recomputes embeddings at query time instead of saving them to disk. The repo benchmark shows a 60 million chunk Wikipedia index dropping from 201 GB to 6 GB. The research…
AI giant Anthropic and CEO Dario Amodei have repeatedly claimed that the company’s models will revolutionize biology and drug discovery. But in its IPO filing Monday, Anthropic struck a humbler note, acknowledging its lack of experience in physical experimentation and the potential pitfalls of drug development. Wherever it’s going, it seems, it will take some…
Liquid AI has released LFM3, its new generation of Liquid Foundation Models. Liquid AI LFM3 is a family of 6 open-weight, 2B-class models built on one shared backbone. The family covers text, vision, audio, omni and decision tasks. Every model can be fine-tuned on a single GPU. Developers can then deploy on phones, laptops, private…
