The AI lab revolving door spins ever faster
AI labs just can’t get their employees to stay put. Yesterday’s big AI news was the abrupt and seemingly acrimonious departure of three top executives at Mira Murati’s Thinking Machines lab.
Taiwan to invest $250B in US semiconductor manufacturing
The U.S. struck a trade deal with Taiwan as the country looks to help boost domestic semiconductor manufacturing.
AI video startup, Higgsfield, founded by ex-Snap exec, lands $1.3B valuation
Higgsfield says it’s on a $200 million annual revenue run rate. So it opened its previous Series A round back up and sold another $80 million in shares.
Iran’s internet shutdown is now one of its longest ever, as protests continue
Iran’s government-imposed internet shutdown enters its second week as authorities continue their violent crackdown on protesters.
The US imposes 25% tariff on Nvidia’s H200 AI chips headed to China
The Trump administration formalized its 25% cut of H200 chip sales in China with a tariff that applies to certain semiconductors.
OpenAI invests in Sam Altman’s brain computer interface startup Merge Labs
OpenAI is participating in a $250 million seed round into Merge Labs, Sam Altman’s brain computer interface startup. The startup is valued at $850 million.
Wikimedia Foundation announces new AI partnerships with Amazon, Meta, Microsoft, Perplexity and others
The AI partnerships allow companies to access the org’s content, like Wikipedia, at scale.
Spotify raises its subscription prices in the U.S. again
Spotify’s new price for its individual plan is $12.99 per month
New York Gaming Commission applauds Hochul as state targets underage online betting
The chairman of the New York State Gaming Commission has voiced support and applauded Governor Kathy Hochul for her commitment to protecting New Yorkers, as she outlined more than 200 initiatives, including
Tiger Global loses India tax case tied to Walmart-Flipkart deal in blow to offshore playbook
Tiger Global’s case in India is being closely watched by investors.