Bloomberg:
Builder.ai dropped H2 2024 revenue estimates by ~25% after some sales channels “did not come through” and says a full audit report is expected by summer 2025 — The London-based company, which has raised more than $450 million, dropped its revenue estimates for the second half …
Annie Palmer / CNBC:
Amazon resumes drone deliveries in Texas and Arizona, after halting them in January to roll out a software update to fix issues with the drone’s altitude sensor — Amazon has restarted drone deliveries in two states after a months-long pause, the company confirmed.
Sean Endicott / Windows Central:
Microsoft expands Copilot+ PC features like Live Captions and Cocreator, previously exclusive to models with Snapdragon chips, to models with AMD or Intel chips — Staggered feature releases make me ask “what even is a Copilot+ PC?” — Microsoft has a big update for Copilot+ PCs powered by Intel or AMD processors.
Ian King / Bloomberg:
At the Intel Vision conference, CEO Lip-Bu Tan says Intel plans to spin off non-core assets, create new products including custom semiconductors, and more — Intel Corp. Chief Executive Officer Lip-Bu Tan said the chipmaker will spin off assets that aren’t central to its mission and create …
Shirin Ghaffary / Bloomberg:
Source: SoftBank will invest an initial $7.5B in OpenAI’s $40B round, plus $22.5B by 2025’s end; other backers include Microsoft, Coatue, Altimeter, and Thrive — OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion …
Bloomberg:
Trump signs an EO to establish an office within the Commerce Department to facilitate investments above $1B in the US and administer funds from the CHIPS Act — President Donald Trump signed an executive order to establish an office within the Commerce Department to facilitate and speed …
CNBC:
OpenAI closes a $40B funding round, the most ever raised by a private tech company, at a $300B post-money valuation; SoftBank led the round with $30B — OpenAI on Monday announced it had closed what amounts to the largest private tech funding round on record.
Kate Clark / Bloomberg:
Sources: Sesame, which makes realistic AI voice assistants, is in talks to raise $200M+ co-led by Sequoia Capital and Spark Capital, valuing the company at $1B+ — Sesame AI is discussing a funding round of more than $200 million, co-led by Sequoia Capital and Spark Capital.
Angus Loten / Wall Street Journal:
Tampa-based ReliaQuest, which provides AI-powered cybersecurity tools, raised $500M+ in a funding round led by EQT, KKR, and FTV Capital, valuing it at $3.4B — Armed with AI agents, ReliaQuest’s platform detects and responds to cyberattacks within minutes, company says
Kylie Robison / The Verge:
Sam Altman says “we added one million users in the last hour”, following last week’s Images for ChatGPT launch; over the weekend he said “our GPUs are melting” — Last week, OpenAI released Images for ChatGPT which led to an explosion of interest thanks to its ability …
