Category: Enterprise
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Ente wants to take on Google Photos with its privacy-first photo storage service
Despite Google’s intentions for its default image viewing and editing app for Android, the Photos app has, over the years, become one of the most popular photo backup services around. In fact, it was one of the most attractive offerings for years until it stopped offering unlimited storage in 2020. That change in the tech…
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OpenAI’s new image generator is now available to all users
OpenAI’s new image generator, powered by its GPT-4o model, is now available to all users, CEO Sam Altman said in a post on X. The feature was until now available only to paying users of ChatGPT. While it is not clear how many images users on the free tier can generate, Altman last week had…
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Construct Capital raises $300M fund for defense and manufacturing tech
Construct Capital, an early-stage venture capital firm that invests in startups applying technology to sectors like manufacturing, transportation, and defense, has closed its third fund with $300 million in capital commitments. The Washington D.C.-based firm previously raised a $225 million second fund and a $75 million capital pool for later-stage companies in 2022. While many…
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OpenAI raises $40B at $300B post-money valuation
OpenAI on Monday announced that it closed one of the largest private funding rounds in history. According to a blog post on the company’s website, OpenAI raised $40 billion in a round that values the company at $300 billion post-money. SoftBank led the financing, CNBC reported. Other participants included Microsoft, Coatue, Altimeter, and Thrive, all…
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Fashion startup CaaStle appears to be in trouble
CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and in 2018 became an inventory monetization platform for clothing retailers, is facing financial difficulties, reports Axios. The company is almost out of money, CEO Christine Hunsicker has resigned, and law enforcement is investigating alleged financial misconduct, Axios reported, citing a leaked…
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Alphabet’s AI drug discovery platform Isomorphic Labs raises $600M from Thrive
Isomorphic Labs, the AI drug-discovery platform that was spun out of Google’s DeepMind in 2021, has raised external capital for the first time. The $600 million round was led by Thrive Capital, with participation from GV and existing investor Alphabet, Google’s parent, it said. The funding will accelerate further development of Isomorphic’s AI drug…
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ChatGPT’s new image generator is really good at faking receipts
ChatGPT’s new image generator is raising concerns for being really good at creating fake receipts. ChatGPT’s new image generator is raising concerns for being really good at creating fake receipts.
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Hillary Clinton joins Bluesky
Former Secretary of State Hillary Clinton has joined Bluesky, following in the footsteps of former president Barack Obama, who made his first post on the platform last week. Clinton confirmed her Bluesky account’s legitimacy in an Instagram story and a post on X. In her introductory post, Clinton wrote about the Wisconsin Supreme Court election…
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OpenAI plans to release a new ‘open’ AI language model in the coming months
OpenAI says that it intends to release its first “open” language model since GPT‑2 “in the coming months.” That’s according to a feedback form the company published on its website Monday. The form, which OpenAI is inviting “developers, researchers, and [members of] the broader community” to fill out, includes questions like “What would you like…
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Oracle under fire for its handling of separate security incidents
Oracle has denied at least one breach, despite evidence to the contrary, as it begins notifying healthcare customers of a separate patient data breach. Oracle has denied at least one breach, despite evidence to the contrary, as it begins notifying healthcare customers of a separate patient data breach.