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.
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 …
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 …
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 …
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
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.
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.
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 …
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 …
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.
