Anthropic, OpenAI, and SpaceX are bigger than the last 25 years of tech exits
Three big AI IPOs are set to generate more value than all the U.S. VC backed exits since 2000.
Popular open source AI developer tool Ollama raises $65M, grows to nearly 9M users
Benchmark-backed Ollama has amassed 176,000 stars, and nearly 17,000 forks on Github by helping developers easily run AI on their PCs.
Character.ai enters the microdrama arena with its own productions, but there’s a twist
In an interesting twist that takes advantage of the company’s core product, users can chat with these shows’ characters, ask them questions, and even roleplay different storylines.
Nandan Nilekani leaves GP role at Fundamentum as it launches $200M third fund
Nilekani remains Fundamentum’s anchor investor as the firm expands its leadership team and targets AI and fintech startups in India.
Truecaller clashes with India’s telecom regulator over anti-spam rules
The caller ID company says users are increasingly ignoring and blocking calls from India’s dedicated business number series.
Despite ‘misgivings,’ judge approves Elon Musk’s $1.5M SEC settlement
The saga of Musk’s tussle with the SEC over how he disclosed his growing stake in Twitter (now X) has come to an end.
Lovable reportedly in talks to double its valuation to $13.2B
The $300 million round is expected to be led by Menlo Ventures, Sifted reported.
Feds demand autonomous vehicle companies stop interfering with first responders
The National Highway Traffic Safety Administration said emergency scenes are not “edge cases.”
With EU backing, QuantumDiamonds aims to speed up chip manufacturing
Like its U.S. counterpart, the European Chips Act aims to foster the semiconductor industry — in part thanks to state subsidies. One of the beneficiaries is QuantumDiamonds, a German startup that applies a novel
Autonomous drone delivery startup Manna plots major US expansion
Manna is launching a U.S. operations and manufacturing facility in Tulsa, Oklahoma, that will eventually employ 1,000 people.