Industry News
US senate removes controversial ‘AI moratorium’ from budget bill
After going back and forth over the provision, Sen. Marsha Blackburn offered an amendment to strip the provision alongside Sen. Maria Cantwell.
Genesis AI launches with $105M seed funding from Eclipse, Khosla to build AI models for robots
Genesis AI, which aims to build a foundational model for powering all kinds of robots, has emerged from stealth with $105M in seed funding.
xAI raises $10B in debt and equity
Elon Musk’s AI company, xAI, has raised $5 billion in debt and $5 billion in equity, Morgan Stanley said on Monday.
Cloudflare launches a marketplace that lets websites charge AI bots for scraping
Cloudflare, a cloud infrastructure provider that serves 20% of the web, announced Tuesday the launch of a new marketplace that reimagines the relationship between website owners and AI companies — ideally giving publishers greater control over their co…
Sri Mandir keeps investors hooked as digital devotion grows
AppsForBharat, the Indian startup behind the Hindu devotional app Sri Mandir, has raised $20 million in a new round — just over nine months after securing $18 million — as the app continues to attract not only devotees but also strong investor interest…
Legal software company Clio drops $1B on law data giant vLex
Clio, last valued at $3B, makes a bet on AI-powered legal data provider
Tesla sends driverless Model Y from factory to customer to promote its robotaxi tech
The car traveled around 15 miles on highways, surface streets, and even a roundabout. But many questions remain about the stunt.
Next-gen procurement platform Levelpath nabs $55M
Levelpath raises a $55 million Series B led by Battery Ventures
Fintech Bolt progresses its turnaround by landing Klarna as a partner
Adding two big names as partners, Klarna and Palantir, is the kind of step that could help clean up Bolt’s reputation as it seeks to raise again.