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Rivian deliveries slip 10% in Q4, raising demand questions Jan 02, 2024

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Rivian reported Tuesday it produced 17,541 vehicles at its Normal, Illinois factory and delivered 13,972 to customers in the fourth quarter, mixed results that left investors wary and sent shares down in pre-market trading.

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Shield AI expands massive Series F with another $300M in equity, debt, scaling valuation to $2.8B Jan 01, 2024

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Defense tech startup Shield AI has expanded its latest funding round with another $300 million in equity and debt, bringing its total Series F to $500 million, TechCrunch has exclusively learned. This total amount reflects $200 million in equity closed in November, $100 million in new equity raised at the Series F price, and $200 […]

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Giga ML wants to help companies deploy LLMs offline Dec 29, 2023

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AI is all the rage — particularly text-generating AI, also known as large language models (think models along the lines of ChatGPT). In one recent survey of ~1,000 enterprise organizations, 67.2% say that they see adopting large language models (LLMs) as a top priority by early 2024. But barriers stand in the way.

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SoftBank-backed FirstCry seeks to raise nearly $220 million in India IPO Dec 29, 2023

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E-commerce startup FirstCry is seeking to raise $218 million through issue of fresh shares in its initial public offering, the 13-year-old startup said in a draft prospectus filed with the market regulator Thursday, becoming the latest Indian startup to explore the public markets. FirstCry earlier sought to raise as much as $700 million in its […]

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Propelled by ‘science for humanity,’ this Chinese AI startup sets sight on US Dec 28, 2023

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Amid rising geopolitical tensions, many Chinese tech companies find themselves recalibrating their overseas pursuits, often sidestepping any reference to their origin. One bold startup called DP Technology stands out from the crowd. Working to apply artificial intelligence to molecular simulations, DP, short for “Deep Potential,” believes that the unifying power of “scientific research for humanity” […]

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BotBuilt wants to lower the cost of homebuilding with robots Dec 28, 2023

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Homes aren’t getting cheaper — or necessarily easier to secure. This year, the median household income for home buyers jumped to $107,000 from $88,000 last year, according to the National Association of Realtors. The volume of homes for sale in the U.S. reached record a low, meanwhile — and shows no sign of recovery. Now, […]

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Nonprofit Code.org sues Byju’s unit WhiteHat Jr over payment dues Dec 27, 2023

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Code.org, the US educational non-profit, has filed a lawsuit in a California district court alleging that Byju’s subsidiary WhiteHat Jr breached a licensing contract by failing to pay fees while continuing to use Code.org’s platform. WhiteHat Jr, which sold to Byju’s for $300 million in 2020, partnered with Code.org last year and agreed to pay […]

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ShareChat faces large valuation cut in new funding Dec 27, 2023

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"ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to below $1.5 billion, according to two sources familiar with the matter. Existing backers including Temasek and Tencent are among the investors in advanced stages of talks to invest in the new round, the sources […]

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Y Combinator-backed Intrinsic is building infrastructure for trust and safety teams Dec 22, 2023

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"A few years ago, Karine Mellata and Michael Lin met while working at Apple’s fraud engineering and algorithmic risk team. Both engineers, Mellata and Lin were involved with helping to address online abuse problems including spam, botting, account security and developer fraud for Apple’s growing customer base. Despite their efforts to develop new models to […]

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Vestwell raises $125M to help businesses power workplace savings programs Dec 22, 2023

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Vestwell, which provides the infrastructure for employers to power workplace savings programs, has raised $125 million in what the company describes as a “preempted” round of funding.

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