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Intel Spins Off Intel Capital into Standalone Fund

Intel Spins Off Intel Capital into Standalone Fund

Intel has announced the spin-off of its corporate venture arm, Intel Capital, into a standalone fund, with Intel remaining as an anchor investor. This strategic move, aimed at enhancing autonomy and attracting external capital, is expected to be finalized in the second half of 2025. The existing team will transition to the new fund, maintaining normal operations during this period. Intel's co-CEO David Zisner emphasized that this separation will allow both entities to benefit from a long-term partnership while maximizing asset value and operational efficiency.

Created at: January 14, 2025 10:00pm

Google-Backed Pixxel Launches India's First Private Satellite Constellation

Google-Backed Pixxel Launches India's First Private Satellite Constellation

Pixxel, an Indian space tech startup, has launched its first three hyperspectral satellites as part of its commercial constellation, Firefly, from California via a SpaceX rocket. This milestone marks a significant advancement in India's space ambitions, which includes plans for a human spacecraft mission and a national space station. The satellites can capture detailed imagery for applications in agriculture and climate monitoring, with a potential total of 18-24 satellites by 2026-2027. Pixxel has secured over 60 customers, including NASA and BP, highlighting its unique five-meter resolution capabilities.

Created at: January 14, 2025 9:00pm

Flights Delayed Due to SpaceX Rocket Debris Falling from Sky

Flights Delayed Due to SpaceX Rocket Debris Falling from Sky

Qantas has announced delays for several flights to South Africa following last-minute alerts regarding falling debris from a SpaceX rocket. The airline noted that the southern Indian Ocean, chosen by SpaceX for reentry, intersects with its Sydney to Johannesburg route. Ben Holland, head of Qantas' operation center, expressed frustration over the lack of advanced notice about the debris. South African Airways flights are also experiencing similar delays, highlighting the impact of space activities on commercial aviation.

Created at: January 14, 2025 9:00pm

Google's NotebookLM AI Hosts Learn to Be Polite to Human Callers

Google's NotebookLM AI Hosts Learn to Be Polite to Human Callers

Google's NotebookLM, known for generating AI-driven podcast discussions, faced backlash when its hosts reacted negatively to user interruptions. To address this, the team implemented a 'friendliness tuning' after user feedback highlighted the AI's snippy responses. VP Josh Woodward shared that the update involved studying how human team members responded to interruptions, leading to a more engaging and polite interaction style. Initial testing of the new feature showed promising results, as the AI hosts greeted interruptions with surprise instead of annoyance, enhancing user experience.

Created at: January 14, 2025 9:00pm

Substack Introduces Livestreaming for All Publishers

Substack Introduces Livestreaming for All Publishers

Substack has officially launched its livestreaming feature for all publishers after a successful testing phase. This new capability allows creators to engage with audiences in real time and collaborate with other publishers. To host a live video, users need a minimum of 10 free subscribers. The feature is timely, especially with potential restrictions on TikTok in the U.S. After the livestream, users receive a recording to share with subscribers who missed the event. Substack continues to expand its offerings beyond newsletters, integrating more video capabilities.

Created at: January 14, 2025 8:00pm

CBRE Acquires Industrious for Over $800M, Signaling Co-Working Resilience

CBRE Acquires Industrious for Over $800M, Signaling Co-Working Resilience

CBRE has announced its acquisition of co-working startup Industrious for approximately $400 million, bringing the total valuation to over $800 million. Founded in 2013, Industrious has seen significant growth, with a 24x increase during Riverwood Capital's investment period. Unlike WeWork, which recently filed for bankruptcy, Industrious has focused on partnerships rather than capital-intensive leases. The deal will create a new business segment at CBRE, enhancing workplace experience and operations. Industrious CEO Jamie Hodari will lead this new unit, aiming to expand the company's reach and resources.

Created at: January 14, 2025 7:00pm

Former Bench Customers Unhappy Over Data Access Issues After Acquisition

Former Bench Customers Unhappy Over Data Access Issues After Acquisition

After accounting startup Bench shut down and was acquired by Employer.com, many former customers are frustrated by their inability to retrieve financial data. Bench states that customers must grant Employer.com access to their data, as the original entity is in bankruptcy. In related news, Float Financial raised $50 million for its Canadian-focused expense management platform, while Pryce Yebesi launched Open Ledger after selling Utopia Labs to Coinbase. Additionally, NomuPay secured $37 million for expanding cross-border payments, and Moody's is acquiring Cape Analytics.

Created at: January 14, 2025 6:30pm

Apple Joins Ultra Accelerator Link Consortium to Revolutionize AI Data Centers

Apple Joins Ultra Accelerator Link Consortium to Revolutionize AI Data Centers

Apple has become a member of the Ultra Accelerator Link Consortium, which is developing UALink, a standard aimed at enhancing connectivity among AI accelerator chips in data centers. Other notable members include Alibaba and Synopsys. Apple director Becky Loop expressed optimism about UALink's potential to address connectivity challenges and expand AI capabilities. The consortium aims to launch the first UALink products within two years, leveraging open standards like AMD’s Infinity Fabric. Apple is also reportedly working on a new server chip to boost AI data center efficiency.

Created at: January 14, 2025 6:00pm

Meta to Lay Off 5% of Workforce Amid Performance Review

Meta to Lay Off 5% of Workforce Amid Performance Review

Meta is set to reduce its workforce by approximately 5%, affecting around 3,600 employees, as part of a new performance management strategy, according to a report from Bloomberg. CEO Mark Zuckerberg announced the decision in an internal memo, emphasizing a faster approach to managing low performers. The layoffs come as the company continues to streamline its operations following previous significant cuts in 2022 and 2023. Affected employees will be notified by February 10, as Meta aims to fill roles with new hires post-termination.

Created at: January 14, 2025 6:00pm

SEEQC Secures $30 Million to Revolutionize Quantum Computing

SEEQC Secures $30 Million to Revolutionize Quantum Computing

SEEQC, a quantum computing startup, has raised $30 million in Series A funding co-led by Booz Allen Ventures and NordicNinja. The funds will enhance SEEQC's development of chips designed to manage quantum processors efficiently. CEO John Levy emphasized the need for energy-efficient data centers and advanced capabilities for quantum systems. The startup aims to reduce hardware complexity while collaborating with major players like Nvidia and BASF. This funding round brings SEEQC's total backing to $22.4 million, positioning it to accelerate commercial rollout.

Created at: January 14, 2025 5:00pm

Harbinger Secures $100M Series B Funding, Eyes EV Production

Harbinger Secures $100M Series B Funding, Eyes EV Production

Harbinger, an electric vehicle startup based in Los Angeles, has successfully raised $100 million in Series B funding, co-led by Capricorn Investor Group and Leitmotif. The company, founded by former Canoo and QuantumScape employees, focuses exclusively on modular all-electric chassis for medium-duty trucks. By maintaining a narrow scope, Harbinger aims to enhance product quality while delivering compelling unit economics. CEO John Harris highlights the efficiency of their innovative battery pack design, which significantly reduces costs. Investors are optimistic about Harbinger's potential in the competitive EV market.

Created at: January 14, 2025 4:30pm

Samsung's Galaxy Trade-In Program Offers New Value for Old Phones

Samsung's Galaxy Trade-In Program Offers New Value for Old Phones

Samsung has launched its Galaxy Trade-In Program, allowing users to trade in old devices for credit without the obligation to purchase a new phone. Initially available in South Korea and France, the program employs a grading system to evaluate the condition of devices, with higher payouts for better conditions. Eligible models include various Galaxy S and Z series smartphones. Samsung plans to expand the program to more markets later this year. This initiative aims to encourage recycling and decluttering, providing flexibility for customers looking to upgrade or simply gain value from their old devices.

Created at: January 14, 2025 3:01pm

Thoras Secures $5M Seed Round to Optimize Cloud Reliability and Costs

Thoras Secures $5M Seed Round to Optimize Cloud Reliability and Costs

Thoras, co-founded by twin sisters Nilo and Jen Rahmani, has raised $5 million in a seed round led by Wellington Ventures. The company, which emerged from stealth in January 2024, focuses on enhancing cloud reliability while minimizing costs, claiming to resolve issues 70% faster and cut cloud expenses by up to 60%. With a revenue surge of 360% in the past nine months, Thoras utilizes AI to identify software disruptions and optimize cloud resources. The funding will aid in product development and engineering hires as the startup plans to expand its offerings beyond Kubernetes environments.

Created at: January 14, 2025 3:00pm

Boardy AI Secures $8M Seed Funding to Expand AI Networking Platform

Boardy AI Secures $8M Seed Funding to Expand AI Networking Platform

Boardy AI, an innovative AI networking startup, has successfully raised $8 million in seed funding, led by Creandum, just months after a $3 million pre-seed round. The platform connects users with relevant contacts through AI-driven conversations, facilitating over 9,000 calls and numerous partnerships for startups since its October launch. CEO Andrew D’Souza reported that investors approached him directly after experiencing the product. The funding round also included notable investors such as Andy Dunn and Leah Brusque, marking a significant step for the company’s growth.

Created at: January 14, 2025 3:00pm

Powerset Empowers Founders with $1 Million for Startup Investments

Powerset Empowers Founders with $1 Million for Startup Investments

Powerset, an innovative investment program founded by Jack Zeller and Jonathan Swanson, provides $1 million to selected founders each year for investing in other startups. With a unique decentralized approach, it aims to leverage the expertise of founders rather than traditional venture capitalists. Previous participants include notable tech figures like Paul Copplestone and Wes McKinney. Applications for the third cohort open this week, and Zeller emphasizes the importance of committed founders for successful investments. This experimental model could redefine startup funding dynamics in the tech ecosystem.

Created at: January 14, 2025 2:00pm

Nothing Phone (3) Promises AI-Powered Platform Revolution

Nothing Phone (3) Promises AI-Powered Platform Revolution

Nothing's upcoming flagship, the Phone (3), is set to debut in 2025 with a strong emphasis on an AI-powered platform, as revealed by CEO Carl Pei. Following a year focused on budget smartphones, this new release aims to deliver groundbreaking AI experiences. Pei's leaked email hints at a transformative user experience for personal computing devices. Although no specific details were disclosed, the Phone (3) is anticipated to integrate advanced AI features. This flagship could mirror Samsung's recent innovations, positioning Nothing as a key player in the smartphone market.

Created at: January 14, 2025 1:00pm

Elon Musk May Acquire TikTok's US Operations to Avert Ban

Elon Musk May Acquire TikTok's US Operations to Avert Ban

In a bid to prevent TikTok from being banned in the U.S., ByteDance is reportedly considering selling the platform's U.S. operations to Elon Musk. As the January 19 deadline looms, sources suggest that Musk's strong ties with American politics could play a crucial role in the deal. The potential acquisition would allow TikTok to retain its user base while providing Musk's X platform with new advertising opportunities and user data for AI development. However, TikTok faces mounting legal challenges that could soon shut down its operations in the country.

Created at: January 14, 2025 12:30pm

Venture Funding in France Holds Steady, Driven by AI Startups

Venture Funding in France Holds Steady, Driven by AI Startups

The latest report from 20VC highlights the stability of venture funding in France, with €7.1 billion raised in 2024, a slight increase from €6.8 billion in 2023. Despite a significant drop from the €11.8 billion raised in 2022, artificial intelligence now accounts for 27% of this funding, with AI startups seeing an 82% increase year-over-year. However, non-AI funding has declined by 11%. France remains the third-largest tech ecosystem in Europe, and 45 unicorns exist, underscoring both challenges and opportunities in the sector amid a changing economic landscape.

Created at: January 14, 2025 12:30pm

Bioptimus Secures $41M to Create a 'GPT for Biology'

Bioptimus Secures $41M to Create a 'GPT for Biology'

French AI startup Bioptimus has raised $41 million to develop a foundational AI model aimed at understanding and simulating biological processes. This innovative model seeks to predict disease outcomes and enhance treatment strategies by leveraging sensitive clinical data. Co-founder Jean-Philippe Vert highlights its potential across various industries, akin to ChatGPT's capabilities in text generation. Founded just last year, Bioptimus has already accumulated $76 million in funding, showcasing the growing trend of AI investment in France's biotech sector. The latest round was led by Cathay Innovation, with significant participation from various venture firms.

Created at: January 14, 2025 10:30am

LemFi Secures $53M Funding to Expand Remittance Services in Asia and Europe

LemFi Secures $53M Funding to Expand Remittance Services in Asia and Europe

LemFi, a London-based fintech platform, has raised $53 million in new funding to bolster its remittance services in Asia and Europe. With over $669 billion in remittance inflows reported in 2023, LemFi aims to tap into this growing market by enhancing customer acquisition and expanding its geographical footprint. The company has seen rapid growth since its 2020 launch, boasting over one million active users and processing $1 billion in monthly payment volume. The Series B round was led by Highland Europe, bringing LemFi's total funding to $85 million.

Created at: January 14, 2025 8:00am

Barcelona Emerges as a Notorious Hub for Spyware Startups

Barcelona Emerges as a Notorious Hub for Spyware Startups

Barcelona is rapidly becoming a center for spyware startups, drawing attention from security researchers and industry experts. Companies like Palm Beach Networks, linked to former NSO Group personnel, are setting up operations in the city, citing favorable living conditions and tax benefits. Concerns grow over the implications for European privacy standards, especially in light of Spain's past with surveillance technologies. Activists warn that this trend could exacerbate existing abuses of power and corruption. With over 500 cybersecurity companies operating, Barcelona's startup scene is thriving, but the influx of spyware firms raises significant ethical questions.

Created at: January 14, 2025 7:30am

China Open to Elon Musk's TikTok US Acquisition Amid Ban Discussions

China Open to Elon Musk's TikTok US Acquisition Amid Ban Discussions

Chinese officials are reportedly considering a scenario where ByteDance sells TikTok's US operations to Elon Musk if the Supreme Court upholds the app's ban on January 19th. Despite a preference for TikTok to remain with ByteDance, the discussions suggest a willingness to collaborate with Donald Trump's administration. Musk's X could potentially absorb TikTok's 170 million American users and significant ad revenue. A TikTok spokesperson dismissed the report as 'pure fiction.' The situation raises questions about China's influence over TikTok amidst the ongoing legal challenges.

Created at: January 14, 2025 2:00am

Blaize: The First AI Chip Startup Set to Go Public in 2025

Blaize: The First AI Chip Startup Set to Go Public in 2025

Blaize, an AI chip startup founded by former Intel engineers, is preparing for its NASDAQ debut via a SPAC deal, marking it as the first in its sector to go public in 2025. The company has raised $335 million from notable investors, including Samsung and Mercedes-Benz, and aims to manufacture chips for edge applications. Despite losing $87.5 million on $3.8 million in revenue last year, Blaize has $400 million in potential deals lined up. CEO Dinakar Munagala emphasizes a shift towards AI integration in smart products, distinguishing Blaize from larger data center-focused competitors.

Created at: January 13, 2025 7:30pm

Mid-Sized VC Firms at Risk of Failure, Says NY VC Ben Lerer

Mid-Sized VC Firms at Risk of Failure, Says NY VC Ben Lerer

Ben Lerer, managing partner at Lerer Hippeau, warns that mid-sized venture capital firms are facing an uphill battle for survival. He predicts a growing divide in the VC landscape, with funds like Thrive and a16z attracting most investments, while smaller, specialized firms thrive. Lerer's insights come amid reports of declining active venture firms in the U.S. as many struggle to secure funding post-2021's investment boom. Notably, Foundry Group recently announced its closure, illustrating the precariousness of mid-tier firms in today's market.

Created at: January 13, 2025 7:30pm

New Initiative 'Free Our Feeds' Aims to Liberate Social Media from Billionaire Control

New Initiative 'Free Our Feeds' Aims to Liberate Social Media from Billionaire Control

A coalition of tech entrepreneurs has launched 'Free Our Feeds,' a campaign seeking to protect social media from billionaire influence by leveraging Bluesky’s AT Protocol. The initiative aims to create an open ecosystem for social networks that is independent of corporate power. With a goal of raising $30 million, they plan to establish a public-interest foundation to fund the development of interoperable platforms. This comes as Meta loosens its content moderation policies, raising concerns over centralized control. The team includes notable supporters like actor Mark Ruffalo and Wikipedia founder Jimmy Wales.

Created at: January 13, 2025 6:00pm

Raspberry AI Secures $24M to Transform Fashion Design with Generative AI

Raspberry AI Secures $24M to Transform Fashion Design with Generative AI

Raspberry AI, a startup revolutionizing fashion design, has raised $24 million in a Series A funding round led by Andreessen Horowitz. Founded two years ago by Cheryl Liu, the company leverages generative AI to allow designers to quickly visualize and iterate designs using its text-to-image platform. This innovation enables brands to create numerous design iterations without the need for physical samples. With 70 clients, including Under Armour and MCM Worldwide, Raspberry plans to use the new funds to expand its team and venture into home and cosmetics product design.

Created at: January 13, 2025 5:30pm

Biden Administration Denies Tesla’s $100 Million Charging Request Again

Biden Administration Denies Tesla’s $100 Million Charging Request Again

The U.S. Department of Transportation has passed over Tesla’s application for nearly $100 million in funding for a big rig charging corridor. The decision comes as Tesla struggles with its electric big rig program, having only delivered early versions of the Tesla Semi. Tesla's request was part of the Charging and Fueling Infrastructure (CFI) program, which aims to enhance EV charging infrastructure. Despite previous funding requests, Tesla's project TESSERACT remains in limbo as the company continues to build its facility in Nevada. Upcoming funding opportunities remain uncertain under the new administration's priorities.

Created at: January 13, 2025 5:00pm

24-Year-Old Founder Raises $3M for AI-Driven Accounting Startup After Exiting to Coinbase

24-Year-Old Founder Raises $3M for AI-Driven Accounting Startup After Exiting to Coinbase

Pryce Yebesi, a 24-year-old entrepreneur, has successfully raised $3 million for his new venture, OpenLedger, after selling his previous company, Utopia Labs, to Coinbase. OpenLedger aims to modernize outdated accounting software by embedding automated solutions into existing enterprise products. The funding round was led by Kindred Ventures, with notable participation from investors like Adventure Fund and Brex. Yebesi's experience at Utopia highlighted the need for more efficient accounting tools, prompting the development of an AI-driven modular system. OpenLedger plans to support a million users by year-end, focusing on the needs of small and medium-sized businesses.

Created at: January 13, 2025 5:00pm

Xiaohongshu Surges to Top of App Store Amid TikTok Uncertainty

Xiaohongshu Surges to Top of App Store Amid TikTok Uncertainty

As TikTok faces a potential shutdown in the U.S. on January 19, the Chinese short-form video app Xiaohongshu has climbed to the number one spot in the U.S. App Store. American users are increasingly drawn to Xiaohongshu, which boasts social shopping features and a Pinterest-like layout. TikTok creators are promoting the platform as a viable alternative, with Xiaohongshu attracting significant attention from investors and a valuation of $17 billion. The app has 300 million monthly active users, predominantly women, and is projected to exceed $1 billion in profit in 2024.

Created at: January 13, 2025 4:30pm

Blue Origin Delays Inaugural Launch of New Glenn Mega-Rocket

Blue Origin Delays Inaugural Launch of New Glenn Mega-Rocket

Blue Origin has postponed the inaugural launch of its New Glenn rocket due to an unspecified issue with a subsystem. The delay raises concerns over the launch timeline, especially as weather conditions in the Atlantic are expected to worsen. The company needs at least 48 hours to reset the rocket for a new launch attempt. New Glenn is critical for Blue Origin's entry into the heavy-lift market, currently dominated by SpaceX. The rocket aims to deliver payloads for NASA and other contracts while also supporting a larger space economy. The launch was initially targeted for January 12 but was pushed back to January 13.

Created at: January 13, 2025 4:00pm

eBay Acquires Caramel to Simplify Online Car Sales

eBay Acquires Caramel to Simplify Online Car Sales

eBay has announced its acquisition of Caramel, a startup focused on streamlining online car sales. Founded in 2021, Caramel provides services such as verification, financing, and paperwork handling. The startup, which has raised $19 million in funding, will enhance eBay's existing offerings by reducing complexities in vehicle transactions. This move comes as eBay faces increasing competition, notably from Amazon's recent entry into the car sales market. The acquisition aims to bolster trust in online transactions, ensuring a seamless experience for buyers and sellers alike. The deal is expected to close in Q1 2025.

Created at: January 13, 2025 3:30pm

Moody's Acquires Cape Analytics to Enhance AI-Driven Insurance Solutions

Moody's Acquires Cape Analytics to Enhance AI-Driven Insurance Solutions

Moody's has announced its agreement to acquire Cape Analytics, a geospatial AI startup, aiming to enhance its insurance underwriting capabilities. The acquisition, expected to close in the first quarter of 2025, will allow Moody's to leverage Cape's technology to create a comprehensive property database. This database will provide address-specific risk insights, improving decision-making for insurance clients. Cape's innovative AI solutions have already attracted major insurers and banks. Moody's plans to broaden its property risk analytics through this partnership, marking its 23rd acquisition to date.

Created at: January 13, 2025 3:30pm

Sonos CEO Patrick Spence Resigns After Software Update Crisis

Sonos CEO Patrick Spence Resigns After Software Update Crisis

Patrick Spence has stepped down as CEO of Sonos after eight years, following a disastrous software update that disrupted the reliability the brand is known for. Tom Conrad, co-founder of Pandora and Sonos board member, will serve as interim CEO. The 2024 update was plagued with bugs, leading to feature losses and delayed products, including disappointing sales of the new Ace headphones. Additionally, Sonos experienced a 16% revenue drop in Q4 2024 compared to the previous year, prompting layoffs of 100 employees. The company is now seeking a permanent CEO.

Created at: January 13, 2025 2:00pm

CES 2025 Highlights: Keyvault K1 Revolutionizes Car Connectivity, Samsung Galaxy S25 Leaks, Tencent Blacklisted

CES 2025 Highlights: Keyvault K1 Revolutionizes Car Connectivity, Samsung Galaxy S25 Leaks, Tencent Blacklisted

CES 2025 showcased groundbreaking advancements, including Keyvault's K1 device, which allows smartphone control over vehicles, enhancing security and monitoring capabilities. Anticipation builds for Samsung's Galaxy S25 series, amid rumors of a price hike due to the upgraded Snapdragon 8 Elite chipset. Additionally, Tencent has been blacklisted by the U.S. for alleged ties to the Chinese military, potentially disrupting its global gaming operations, including popular titles like 'League of Legends'. These developments mark significant shifts in technology and business landscapes.

Created at: January 13, 2025 1:30pm

Float Financial Secures US$48.5M Series B Funding to Expand in Canada

Float Financial Secures US$48.5M Series B Funding to Expand in Canada

Float Financial, a Toronto-based fintech startup specializing in expense management and corporate cards for Canadian SMBs, has raised $48.5 million in a Series B funding round led by Goldman Sachs Growth Equity. This funding aims to enhance its product offerings and regional presence. Since its inception in 2020, Float has attracted a total of $92.6 million in venture funding. CEO Rob Khazzam emphasizes the company's unique focus on the Canadian market, countering recent media claims about investment challenges in Canada. The firm sees significant growth with a reported 50x revenue increase since its last funding round.

Created at: January 13, 2025 1:00pm

Apple Vision Pro 2 Delayed; Cheaper Headset in Development

Apple Vision Pro 2 Delayed; Cheaper Headset in Development

Apple's highly anticipated Vision Pro 2 will not launch this year, according to analyst Mark Gurman. Instead, the company is focusing on releasing a more affordable headset, codenamed N107, to compete with products like Meta's Smart Glasses. Production for the Vision Pro 2 is set to begin in the latter half of this year, with a potential release in 2026. The cheaper model aims to broaden Apple's market reach, following the premium Vision Pro's exclusive launch for developers. This strategic shift highlights Apple's commitment to expanding its wearable technology offerings.

Created at: January 13, 2025 12:30pm

Qventus Secures $105M Series D Funding to Expand AI Solutions in Healthcare

Qventus Secures $105M Series D Funding to Expand AI Solutions in Healthcare

Qventus, an AI startup focused on automating healthcare operations, has raised $105 million in a Series D funding round, pushing its valuation above $400 million. The funding will enable the development of advanced AI tools for various healthcare scenarios, including surgeries and hospital discharges. CEO Mudit Garg emphasized their goal to alleviate administrative burdens for medical staff. The round was led by KKR, with participation from Bessemer Venture Partners and several healthcare institutions. Qventus aims to enhance its customer base, which has seen significant growth in recent years.

Created at: January 13, 2025 12:30pm

CoreWeave Expands into the UK with New AI Data Centers

CoreWeave Expands into the UK with New AI Data Centers

CoreWeave, valued at $19 billion, has officially launched its first international data centers in the U.K., marking a significant expansion beyond the U.S. The new facilities in Crawley and London Docklands are part of a £1 billion investment aimed at enhancing AI computing infrastructure. This move aligns with the U.K. government's initiative to boost AI capabilities through a five-year investment strategy. CoreWeave is now planning to open 10 more data centers in 2025, further solidifying its position in the growing AI sector.

Created at: January 13, 2025 11:30am

UK Unveils Ambitious AI Investment Plan for National Renewal

UK Unveils Ambitious AI Investment Plan for National Renewal

The UK government has announced a transformative plan to invest in artificial intelligence, marking a shift from previous concerns over AI safety. Dubbed the 'Plan for Change', it aims to enhance public sector services and establish AI Growth Zones with a £14 billion investment from private tech firms, creating over 13,000 jobs. Key initiatives include boosting public compute capacity and creating a National Data Library. While the plan is rooted in 50 recommendations from AI experts, concerns remain about cohesive government policies to support its execution. Prime Minister Starmer emphasizes the need for swift action to ensure the UK leads in AI innovation.

Created at: January 13, 2025 11:00am

Mastodon Transitions to Non-Profit Model for Enhanced Governance

Mastodon Transitions to Non-Profit Model for Enhanced Governance

Mastodon, the decentralized social network, has announced plans to establish a new non-profit organization in Europe, shifting control away from a single individual. This move aims to enhance governance and ensure the project remains free from the influence of wealthy CEOs. Current CEO Eugen Rochko will transfer management responsibilities to the new entity while focusing on product strategy. The organization continues to operate key servers and is working on the legal framework to support its operations. This transition reflects a growing trend in open-source project governance.

Created at: January 13, 2025 11:00am