A 24-year-old founder pivoted his AI recruiting startup into data labeling for AI training. The result? Revenue exploded from $7M to $100M in under a year, with investors eyeing a $2.5B valuation. But the whole sector is built on a massive, risky assumption.
Yann LeCun, Meta’s Chief AI Scientist, is leaving the company after 12 years to launch a startup. The new venture will focus on building AI with an understanding of the physical world. Meta will be a partner, but not a financial investor, in the project.
The OpenAI Foundation is beginning to distribute millions in unrestricted grants from its People-First AI Fund. The first wave of funding goes to 208 organizations focused on AI literacy and community impact. A second, larger round is planned for the near future.
A new device promises to let you solo-mine Bitcoin from your desk for just $60. It works like a lottery, submitting mining tickets with its 1,000 KH/s of power. But the odds of actually winning a block are astronomically low.
FineToday Holdings is using a $350 million loan from Goldman Sachs to pay dividends to its shareholders. This type of deal, called a dividend recapitalization, is becoming more common in the private credit world.
The shift from “employees” to “workers” isn’t just semantics. It signals a deeper rot in tech, driven by private equity’s 5-year ROI plans and the automation of creativity. The result is a disposable workforce ill-equipped for real innovation.
Yann LeCun, Meta’s outgoing chief AI scientist, is launching a new startup from Europe. He says Silicon Valley is “hypnotised” by generative AI and his company will pursue a different path with “world models.” The project has backing from Meta but will operate independently.
Bitcoin just had its worst single-day drop since March, tumbling from around $91,000 to under $85,000. The sell-off dragged down the entire crypto market and related stocks, raising fresh questions about stability.
A startup founded by ex-McKinsey consultants just raised $2 million to tackle a surprisingly analog problem in the $250 billion consulting industry. Their target? The endless Excel marathons for survey analysis in private equity due diligence.
A London-based growth equity firm has closed a huge new fund to invest in European software companies that have grown without venture capital. The €323 million fund will write checks between €8.6 million and €21.5 million to help founders scale.
