Fraud allegations have once again sent shockwaves through the startup world, this time centering on GameOn, a San Francisco-based AI chatbot startup recently valued at $80 million. Federal prosecutors revealed Thursday that Alexander Beckman, the 41-year-old founder and CEO of […]
The U.S. Securities and Exchange Commission (SEC) has officially repealed SAB 121, an accounting rule introduced in 2022 that required banks to classify bitcoin and other cryptocurrencies as liabilities on their balance sheets, according to a public notice posted on […]
Late last year, we reported on a Chinese AI startup that surprised the industry with the launch of DeepSeek, an open-source AI model boasting 685 billion parameters. What made headlines wasn’t just its scale but its performance—it outpaced OpenAI and […]
AI had a busy week, with announcements ranging from OpenAI’s new task-performing agent to Tencent’s advances in 3D design. The pace of innovation in artificial intelligence shows no signs of slowing down, and this week was no exception. Major players like […]
OpenAI on Thursday rolled out two significant updates: ‘Operator’, an AI agent that can perform web-based tasks like buying groceries or managing expense reports, and the o3-mini model, which will now be available to ChatGPT’s free-tier users. In a post […]
Stripe has laid off 300 employees, representing 3.5% of its workforce, with the majority of the cuts affecting roles in key departments including product, engineering, and operations, CNBC reported. Despite the layoffs, the payments giant—valued at around $70 billion in […]
London, England, 23rd January 2025, Chainwire
Private equity firm Everstone has secured a majority stake in Indian SaaS startup Wingify in a deal valued at approximately $200 million, TechCrunch reported, citing three sources familiar with the transaction. The acquisition, finalized earlier this week, highlights Wingify’s remarkable […]
Less than a month after blaming high error rates for API and Sora for ChatGPT outages, OpenAI announced this morning that its AI chatbot app is experiencing an “elevated Error Rate for ChatGPT and API.” ChatGPT has been down for […]
Just a day after dismissing rumors about an imminent launch, The Information reported this evening that OpenAI is moving closer to its goal of artificial general intelligence (AGI) by developing a system capable of performing like a seasoned software engineer. […]
Managing internal knowledge has always been a headache for enterprises. Siloed data, outdated tools, and endless security concerns make it harder for teams to get the answers they need when they need them. That’s where Doti AI comes in, an […]
Meta has invested in data analytics startup Databricks, the company revealed on Wednesday, according to a report from CNBC. This addition to Databricks’ roster of investors underscores the startup’s rapid rise in the AI-driven software industry. The news comes just […]
Crypto industry watchers will remember that one of the biggest developments in 2024 was the approval of spot ETFs for both Bitcoin and Ether. The ETFs had been heavily pursued within the crypto space and finally having them approved was […]
Music AI, the AI startup behind the widely acclaimed Moises app, has raised $40 million in a Series A funding round led by Connect Ventures—a partnership between Creative Artists Agency (CAA) and NEA—and Brazilian investment giant, monashees. Additional backers include […]
In a move that has reignited debate around justice in the digital age, President Donald Trump granted a full and unconditional pardon to Ross Ulbricht, the founder of the infamous dark web marketplace Silk Road. Ulbricht, who was serving two […]
Google is doubling down on artificial intelligence with a fresh $1 billion investment in Anthropic, according to a report by the Financial Times on Wednesday. This new funding, which pushes the AI startup’s valuation to a staggering $60 billion, is […]
Just hours after unveiling what he called the largest AI infrastructure project in U.S. history, President Donald Trump took to X (formerly Twitter) to share another staggering milestone. The United States has already secured nearly $3 trillion in new investments, […]
OpenAI on Tuesday announced the launch of Stargate Project—a bold initiative aiming to inject $500 billion into advanced AI infrastructure across the United States over the next four years. The Stargate Project is a U.S.-based artificial intelligence (AI) company founded […]
Microsoft announced on Tuesday that it has renewed and expanded its strategic partnership with OpenAI, setting the stage for advancements in artificial intelligence through the end of the decade. The partnership, which began in 2019, now enters a new phase, […]
Constellation Network has appointed industry veteran Dave Berg as Chief Product Officer to lead its push into enterprise and government markets. With more than two decades of experience building and scaling software products, Berg has helped major tech companies grow […]
