Nvidia is reportedly investing up to $1 billion in Poolside; also, Luminar is cutting jobs, losing its CFO, and warning of a cash shortage
Semiconductor giant Nvidia is looking to invest at least five hundred million dollars and up to one billion dollars in Poolside which builds AI models for software development. That’s according to reporting from Bloomberg, which cited sources. This investment would be part of a two billion dollar funding round Poolside is raising at a twelve billion dollar valuation.
Lidar-maker Luminar is warning shareholders that it will run out of cash in early twenty twenty six and has announced a 25 percent cut to its workforce to help staunch the bleeding, its second layoff of the year, according to a Friday regulatory filing.
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Digg founder Kevin Rose on the need for trusted social communities in the AI era; plus Canva launches its own design model
“The dead internet theory is real,” Reddit co-founder Alexis Ohanian told Digg founder Kevin Rose, referring to the idea that much of the internet isn’t human — it’s mostly bots. The two entrepreneurs have since teamed up to re-envision how to build a social community in this world where, very soon, it will be hard to tell bot from human.
Also, Canva is launching new features like Forms, email design, and makes Affinity free for all users.
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Figma acquires AI-powered media generation company Weavy; plus Threads now lets you approve and filter your replies
Design platform Figma said today that it has acquired AI-powered image and video generation company Weavy. The startup will join Figma under a new brand called Figma Weave.
Also, Threads continues to ship new features at a rapid pace. Shortly after the launch of communities and disappearing “ghost posts,” the social networking app on Thursday introduced new tools that will give users more control over their conversations on the platform.
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NBA champion Tristan Thompson partners with World Mobile to launch community-owned network Uplift, also, San Francisco's mayor: ‘We should be the testbed for emerging tech’
With Uplift, every subscription will contribute to neighborhood-level network expansion, while local hosts that are known as "AirNode operators" will earn a portion of network revenue by providing community coverage.
Also, while San Francisco's mayor Daniel Lurie is opening his arms to autonomous vehicles, other cities are more resistant. Boston, for instance, has considered a ban on autonomous vehicles in the city.
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US signs collaboration agreements with Japan and South Korea for AI, chips and biotech, and more
The U.S. inked Technology Prosperity Deals (TPD) with Japan and South Korea with an eye towards spurring collaboration on AI, semiconductors, quantum computing, biotech, space, 6G and other technologies.
Character AI is ending its chatbot experience for kids. After facing lawsuits and public outcry following the suicides of two teenagers, Character.AI says it's making changes to its platform to protect children, changes that could affect the startup’s bottom line.
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