Samantha Subin / CNBC:
CoreWeave shares close up 41.8% at $52.57 in their third trading day, bouncing back above the $40 IPO price and bringing the company’s market cap to ~$24.9B — CoreWeave’s stock popped nearly 42% on Tuesday, bouncing back above its initial public offering price following a lackluster second trading day on the public markets.
Source: Agility Robotics, a maker of humanoid robots led by Peggy Johnson, is raising $400M at a $1.75B pre-money valuation; ~100 of its robots are in the field (Rocket Drew/The Information)
Rocket Drew / The Information:
Source: Agility Robotics, a maker of humanoid robots led by Peggy Johnson, is raising $400M at a $1.75B pre-money valuation; ~100 of its robots are in the field — Agility Robotics, a humanoid robot maker led by former Microsoft executive Peggy Johnson, is raising $400 million …
Mozilla says it’s developing Thundermail, an email service similar to Gmail but with a focus on privacy, as part of an upcoming premium Thunderbird Pro suite (Jason Evangelho/Forbes)
Jason Evangelho / Forbes:
Mozilla says it’s developing Thundermail, an email service similar to Gmail but with a focus on privacy, as part of an upcoming premium Thunderbird Pro suite — I cover the exciting intersection of Linux and handheld gaming. — SaveComment — In case you missed it …
Sources: Meta is ramping up work on its first AR glasses with a display, which could be introduced as early as the end of 2025 and cost between $1K and $1,400 (Mark Gurman/Bloomberg)
Mark Gurman / Bloomberg:
Sources: Meta is ramping up work on its first AR glasses with a display, which could be introduced as early as the end of 2025 and cost between $1K and $1,400 — The company intends to introduce its first glasses with a screen as early as the end of this year — a product it sees …
Sources: a16z is in talks to join the Oracle-led frontrunner bid for TikTok’s US arm, after being approached along with Blackstone Group and others (Financial Times)
Financial Times:
Sources: a16z is in talks to join the Oracle-led frontrunner bid for TikTok’s US arm, after being approached along with Blackstone Group and others — Venture capital group could join last-gasp bid by allies of Donald Trump to take control of video app owned by ByteDance
Similarweb: Gemini’s web app had 10.9M average daily visits in March, up 7.4% MoM; Sensor Tower: Claude and Gemini saw activity jump after flagship model debuts (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
Similarweb: Gemini’s web app had 10.9M average daily visits in March, up 7.4% MoM; Sensor Tower: Claude and Gemini saw activity jump after flagship model debuts — OpenAI’s ChatGPT may be the world’s most popular chatbot app. But rival services are gaining, according to data from analytics firms Similarweb and Sensor Tower.
TikTok is shutting down its Instagram competitor, TikTok Notes, on May 8, directing users to Lemon8, a similar ByteDance-owned app (Aisha Malik/TechCrunch)
Aisha Malik / TechCrunch:
TikTok is shutting down its Instagram competitor, TikTok Notes, on May 8, directing users to Lemon8, a similar ByteDance-owned app — TikTok is shutting down its Instagram competitor, TikTok Notes, on May 8. The photo-sharing app launched in testing in Canada, Australia, and Vietnam last year.
A US judge rules Arkansas’ Social Media Safety Act, which requires minors have parental permission before creating social media accounts, infringes on 1A rights (Ufonobong Umanah/Bloomberg Law)
Ufonobong Umanah / Bloomberg Law:
A US judge rules Arkansas’ Social Media Safety Act, which requires minors have parental permission before creating social media accounts, infringes on 1A rights — Arkansas’ youth-focused Social Media Safety Act infringes on the First Amendment rights of internet users and is unconstitutionally vague …
Meta VP of AI Research Joelle Pineau says she plans to leave in May 2025 after nearly eight years; she has led the FAIR group since early 2023 (Kurt Wagner/Bloomberg)
Kurt Wagner / Bloomberg:
Meta VP of AI Research Joelle Pineau says she plans to leave in May 2025 after nearly eight years; she has led the FAIR group since early 2023 — Joelle Pineau, the VP running Meta’s FAIR group, to depart company in May — Meta Platforms Inc.’s head of artificial intelligence research plans …
Xiaomi says it is cooperating with a Chinese police probe into a fatal crash by a car using its autonomous features; its stock is down 10%+ over the past week (New York Times)
New York Times:
Xiaomi says it is cooperating with a Chinese police probe into a fatal crash by a car using its autonomous features; its stock is down 10%+ over the past week — A popular electric vehicle made by the Chinese consumer electronics giant Xiaomi crashed into a concrete guardrail while deploying its autonomous driving feature.