Maria Deutscher
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Crypto company Terraform Labs files for bankruptcy amid SEC litigation
Cryptocurrency company Terraform Labs Pte Ltd., which is facing fraud charges from the U.S. Securities and Exchange Commission, has filed for bankruptcy in Delaware. TechCrunch reported the move today, citing court documents submitted on Sunday. Terraform’s Chapter 11 paperwork specifies that the value of its assets and liabilities ranges from $100 million to $500 million. ...
AI-generated speech startup ElevenLabs raises $80M in fresh funding
ElevenLabs, the developer of a synthetic voice platform used by more than 40% of the Fortune 500, today announced that it has raised $80 million from a group of prominent investors. The Series B raise was led by Andreessen Horowitz, former GitHub Chief Executive Nat Friedman and startup investor Daniel Gross. ElevenLabs says Sequoia Capital ...
OpenAI CEO Sam Altman reportedly seeking to raise billions for chip fab venture
OpenAI Chief Executive Sam Altman is seeking to raise billions of dollars for a new chip manufacturing venture, Bloomberg reported today. Reports of the project first emerged last year. However, the scope of the undertaking was unclear. Today’s report indicates that Altman hopes to establish the venture as a major player in the semiconductor market ...
Report: OpenAI rival Cohere could raise up to $1B in fresh funding
Cohere Inc., a large language model startup, is holding talks with investors to raise between $500 million and $1 billion in fresh funding. The Financial Times reported the discussions today, citing people familiar with the matter. The investment is expected to give Cohere a “significantly higher” valuation than the $2.2 billion it was worth after ...
AWS will invest $15B+ in Japan to expand its local data center footprint
Amazon Web Services Inc. will invest 2.26 trillion yen, or about $15.24 billion, in Japan through 2027 to expand its local data center network. The cloud giant announced the project today during a news conference in Tokyo. The investment is worth significantly more than the 1.51 trillion yen AWS spent on its Japanese data centers ...
TSMC’s $40B fab construction project in Arizona expected to face additional delays
Taiwan Semiconductor Manufacturing Co.’s plan to build two fabs in Arizona for $40 billion could face more delays, company executives revealed during a news conference today. Three years ago, TSMC set aside $12 billion to build a single chip plant in Arizona. The following year, the company more than tripled the project’s budget to $40 ...
New nonprofit to certify AI models that only use copyrighted training data with permission
A new nonprofit will issue certifications to artificial intelligence companies that don’t include copyrighted materials in their training datasets unless they obtain permission to do so. The organization, Fairly Trained, launched today. It was founded by Ed Newton-Rex, the former vice president of audio at well-funded generative AI startup Stability AI Ltd. Newton-Rex reportedly left the ...
Google disrupts malware campaign run by Russia-linked hacking group
Google LLC’s TAG research team, which tracks state-backed hacking groups, has disrupted a malware campaign launched by a Russian threat actor. The search giant detailed the operation in a blog post today. The hacking group behind the disrupted malware campaign is tracked as Coldriver by researchers. It focuses on carrying out phishing attacks against individuals ...
Researchers disclose vulnerability in GPUs from AMD, Apple and Qualcomm
Researchers at Trail of Bits Inc., a New York-based cybersecurity company, have disclosed a vulnerability that may affect millions of graphics processing units. Wired reported the discovery on Tuesday. The vulnerability, which Trail of Bits’ researchers have named LeftoverLocals, can be used by hackers to access the output of artificial intelligence models. The cybersecurity company ...
Samsung debuts AI-equipped Galaxy S24 smartphones and Galaxy Ring
Samsung Electronics Co. Ltd. today debuted its new flagship smartphone lineup, the Galaxy S24 series, which features artificial intelligence software from Google LLC and Qualcomm Inc.’s fastest mobile chip. The handset family is headlined by the Galaxy S24 Ultra, a 6.8-inch flagship that will sell for $1,300. It’s joined by the 6.2-inch Galaxy S24 and ...