Sam Phillips / South China Morning Post : Singapore-based investment app Syfe raised a $53M Series C extension, taking the round to $80M ...
AI's real threat to education isn't that it encourages students to cheat, but that it short-circuits the learning processes needed to use generative AI adeptly — AI's real threat to education. — Among the general public, generative AI's most enthusiastic early adopters have been students.
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Twitch plans to start testing the ability to host a vertical livestream and rolls out an open beta of 2k streaming, letting creators stream at 1440p — The platform is also launching an open beta of higher-quality streams. … Twitch is announcing a bunch of updates at TwitchCon Europe …
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Share of news influencers on Bluesky has doubled after the 2024 US election to 43%, but X remains popular, with 82% of news influencers maintaining an account — The Pew-Knight Initiative supports new research on how Americans absorb civic information, form beliefs and identities, and engage in their communities.
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Art house streaming service and distributor Mubi raised $100M led by Sequoia at a $1B valuation; Mubi has about 20M registered users worldwide — Capital infusion led by Silicon Valley firm comes after box office success of ‘The Substance’ — Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
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Internal docs show Meta plans to use AI to automate up to 90% of its privacy and integrity risk assessments, including in sensitive areas like violent content — For years, when Meta launched new features for Instagram, WhatsApp and Facebook, teams of reviewers evaluated possible risks: Could it violate users' privacy?
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Google quietly released an Android app called Google AI Edge Gallery on GitHub, letting users run some AI models from Hugging Face locally on their phones — Last week, Google quietly released an app that lets users run a range of openly available AI models from the AI dev platform Hugging Face on their phones.
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Grow a Garden, a hit game on Roblox, has spawned a market where in-game items are sold for real money on sites like eBay, potentially violating Roblox's ToS — At a recent peak on Saturday, May 24, some 8.7 million people were playing at once, roughly the population of Switzerland …
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Brazil is piloting dWallet, a digital wallet program that allows users to monetize their data, the first nationwide initiative of its kind in the world — Brazil is piloting dWallet, a project that lets citizens earn money from their data. It is ahead of similar U.S-based initiatives.
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A Replit employee details a critical security flaw in web apps created using AI-powered app builder Lovable that exposes API keys and personal info of app users — THE SCOOP — Lovable, the popular vibe coding app that describes itself as the fastest-growing company in Europe …
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London-based Dojo, a payments tech provider to over 140K businesses, raised $190M from Vitruvian Partners in its first equity raise since launching in 2021 — London-based Dojo, a payments technology provider, has announced an investment of $190M (nearly €168.66M) from global investment firm Vitruvian Partners.
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Vivodyne, which uses AI and robots to grow human tissues in the lab for drug discovery and development, raised a $40M Series A, taking its total funding to $78M — Vivodyne, a San Francisco-based startup using lab-grown human tissues to discover and develop drugs, raised $40 million in a Series A led by Khosla Ventures.
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Defense tech firm Leidos acquires VA-based Kudu Dynamics, which provides AI-enabled cyber defense and offense tools to the US DOD and other customers, for $300M — Defense technology firm Leidos announced Wednesday it closed a $300 million acquisition of Kudu Dynamics, a company that develops AI-enabled cyber capabilities.
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Sources: TikTok Shop cuts several hundred jobs in Indonesia, leaving Tokopedia and TikTok Shop with ~2,500 employees in the country, down from ~5,000 last year — The Chinese social media giant is reducing staff across e-commerce teams including logistics, operations, marketing and warehousing …
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Nvidia reported record gaming revenue of $3.76B in Q1, up 42% YoY, driven by sales of its Blackwell chips that are used to enhance game graphics through DLSS — Nvidia's former cash cow posted record sales in the first quarter, carrying the company to a sales beat.
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NYC-based Empathy, which runs an online platform providing on-demand tools and guidance for bereaving families, raised a $72M Series C led by Adams Street — Ron Gura, cofounder and CEO of Empathy. — Empathy — Ron Gura doesn't use the word “death” every day. — Recommended Video
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Docs and sources: Builder.ai faked business with Bengaluru-based VerSe, which runs the Dailyhunt news app, by “round-tripping” sales worth ~$60M from 2021-2024 — Builder.ai, the artificial intelligence startup that recently announced plans to declare bankruptcy …
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Vista Equity Partners agrees to acquire ERP software provider Acumatica from PE firm EQT, sources say in a deal that values Acumatica at ~$2B including debt — Vista is buying the Bellvue, Washington-based firm from private equity firm EQT AB, according to a statement Thursday that confirmed an earlier Bloomberg News report.
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Boston-based cloud cost management startup CloudZero raised a $56M Series C led by BlueCrest Capital Management and Innovius Capital — CloudZero raised $56 million to help companies rein in soaring AI-driven cloud costs, CEO Phil Pergola tells Axios Pro. — Why it matters …
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Sources: Elon Musk is pushing lawmakers to help clear a path for driverless vehicles and has been weighing in on revisions of a bill on autonomous vehicles — In recent weeks, Musk and people who work for him have been calling members of Congress directly to gather support, said the people …
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Sources: Anthropic has been lobbying Congress to oppose a bill banning states from regulating AI, and pushed against the recent US AI deal with Gulf states — THE SCOOP — Anthropic is going toe-to-toe with the Trump Administration on artificial intelligence policy …
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Sources: Anthropic's annualized revenue hit ~$3B at the end of May, driven by business demand, up from $2B around the end of March and ~$1B in December 2024 — Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter …
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US v. Google: during closing arguments, a judge queried both sides on ideas to limit Google's monopoly in search and said he expects to issue a ruling in August — Lawyers began making closing arguments Friday in landmark antitrust case over online search market, future of artificial intelligence
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Sources: the White House is finalizing EOs on drones that could end Chinese drone sales in the US, update federal rules on where drones can be flown, and more — President Trump is expected to sign executive orders next week that widen his policies targeting China and Chinese companies.
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Sources: Abridge, which uses AI to transcribe medical chats, is raising $300M led by a16z at a $5.3B valuation, up from $2.75B in February when it raised $250M — The startup is raising $300 million for software that takes notes on conversations with doctors and patients.
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Q&A with Mary Meeker on publishing her first Trends report since 2019, its focus on the AI revolution, why OpenAI may have an insurmountable lead, and more — Mary Meeker, the famed internet analyst turned venture capitalist, on Friday published her first Trends report since 2019 — focused on the AI revolution.
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