In a move that could profoundly affect an already beleaguered global supply chain, Arm has reportedly issued Qualcomm a 60-day notice of cancelation for chip design licensing. The move, reported by Bloomberg, would have an impact on a majority of smartphone manufacturers who rely on Qualcomm chips. U.K.-based Arm, which licenses chip architecture, issued the […]
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Court documents suggest that TikTok executives are aware of the app’s potential harm to teenagers, according to reporting by NPR and Kentucky Public Radio. Fourteen U.S. attorneys general sued TikTok earlier this week, claiming that the app harms children’s mental health. Much of the material in those suits was redacted, but reporters were able to […]
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AI search engine Perplexity is in fundraising talks and hopes to raise around $500 million at an $8 billion valuation, according to the Wall Street Journal. If a deal happens with those terms, it would more than double Perplexity’s valuation from its $3 billion valuation when it raised from SoftBank over the summer. The WSJ […]
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Mira Murati, the OpenAI CTO who announced her departure last month, is raising VC funding for a new AI startup, according to Reuters. This startup will reportedly focus on building AI products based on proprietary models and could raise more than $100 million in this round. At the time of her departure, Murati wrote on […]
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Despite Saudi Arabia’s record of human rights abuses, some investors are warming up to investing in the country’s startups. General Catalyst is planning to invest in Lean Technology, a Saudi Arabia-based fintech startup, the firm’s first investment in the Middle Eastern nation, the Information reported. Other Saudi Arabian startups that U.S.-based investors recently backed include […]
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