Industry News
Blackstone’s Jas Khaira says fears over AI-buildout debt are overblown
Blackstone’s AI head on why the PE giant isn’t panicked by market jitters.
Meta wants to pay for its broad AI buildout with a newly created class of stock
The social media giant is planning a new stock strategy to help power its broad investments in AI models and services.
Airbnb limits chores for guests, sparking backlash from hosts
Hosts are threatening to leave the platform after Airbnb says that they can no longer require guests to strip beds or do other time-consuming cleaning chores.
Meta says Muse has over 10M users, with shopping a top activity
Meta Muse users are adopting the app for shopping and personal productivity, the company said during Q3 earnings. The AI app now has over 10M users.
Year-old AI lab Flapping Airplanes raises $1B at a $6B valuation
Just 9 months after raising an $180 million seed round, Flapping Airplanes has landed $1 billion Series A for its mission to build AI models “without ingesting half the internet.”
Tesla stars Optimus robot production in California as profit falls 43%
Tesla’s revenue was flat and its expenses skyrocketed as it pressed the accelerator on its Optimus robots, AI, and autonomous driving.
Recursive launches Flint, a laptop coding model it says was largely built by AI
Startup Recursive has released Flint, a free, laptop-sized coding model built largely by its own AI research system, as an early test of AI that improves itself.
Automattic begins layoffs following board upheaval and executive departures
Automattic has begun laying off employees across multiple teams, including WordPress.com and its enterprise business, following a board shakeup and a series of executive departures. Sources say more cuts could follow as the company looks to improve its…
GM is betting compute and AI will help it compete with Chinese automakers
To compete with Tesla, Rivian, and a host of Chinese automakers, GM’s fourth-gen EV platform will roll out a new central computer and electrical architecture that will debut in 2028 in the Cadillac Escalade IQ.