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Elon Musk responds to report that xAI is burning through $1 billion a month

techspot.com Rob Thubron 2025-09-11 03:29:00

In brief: Elon Musk's artificial intelligence startup, xAI, is burning through cash at an astounding rate. According to a new report, the company expects to spend at least $13 billion throughout all of 2025, equivalent to just over $1 billion every month. Musk, of course, has called the report "nonsense." Citing the usual anonymous people familiar with the matter, Bloomberg writes that the $500 million that xAI will earn this year looks positively tiny next to the $13 billion it plans to spend.

Topics: 2025 billion capital musk xai

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Resident Evil Requiem headlines the next Capcom Spotlight livestream

engadget.com Unknown 2025-09-11 03:30:01

Summer Game Fest might be in the rear-view mirror, but the gaming showcases are still coming. Capcom has announced that its next Spotlight livestream will take place on June 26. Planned to last around 40 minutes, the showcase will focus on upcoming titles Pragmata and Resident Evil Requiem, which was announced during Summer Game Fest proper earlier this month. As well as news, the event will include developer interviews. Capcom is also promoting Monster Hunter Wilds and Street Fighter 6 as feat

Topics: announced capcom game new spotlight

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FDA Approves ‘Breakthough’ Drug to Prevent HIV

gizmodo.com Ed Cara 2025-09-12 07:20:18

The Food and Drug Administration has just approved a preventative HIV drug widely regarded as a breakthrough. On Wednesday afternoon, the FDA approved Gilead Sciences’ lenacapavir as a more convenient form of pre-exposure prophylaxis (PrEP). In clinical trials, the drug was shown to be highly effective at preventing HIV infection when taken just twice a year. At the same time, advocates are urging Gilead and U.S. officials to ensure the drug is widely accessible to the public. “PrEP is one of

Topics: drug gilead hiv lenacapavir prep

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Worried CapCut Might Get Banned With TikTok? Try These Video Editing Apps

cnet.com See Full Bio 2025-09-13 03:00:06

While ByteDance is best known for its vertical video sensation TikTok, it also owns TikTok's sister app, CapCut. CapCut is a mobile-first video editing app and has 200 million active users as of 2023, according to Time. But while its connectivity to TikTok makes it great for creators, its similar parentage means that CapCut is included in the same potential ban in the US. We've been through this TikTok ban song and dance three times now, and we're running up to the June 19 deadline that marks t

Topics: app capcut editing pro video

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Dinesh’s Mid-Summer Death Valley Walk (1998)

news.ycombinator.com Unknown 2025-09-13 16:56:32

The following is an account of our walk through Death Valley National Park during July 1998. We wanted to find out how it feels to walk in extreme heat for days at a time. We had set a goal of walking the entire park, from its northern boundary to its southernmost point, a distance of about 180 miles. Our plan was to walk 15 miles a day and finish the walk in 12 days. Dinesh's caption: Training for the hot walk. Note water-delivery tube, wool pants, wool shirt and heavy-duty thermal top and bo

Topics: caption days miles park walk

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Dinesh's Mid-Summer Death Valley Walk (1998)

news.ycombinator.com Unknown 2025-09-14 02:56:32

The following is an account of our walk through Death Valley National Park during July 1998. We wanted to find out how it feels to walk in extreme heat for days at a time. We had set a goal of walking the entire park, from its northern boundary to its southernmost point, a distance of about 180 miles. Our plan was to walk 15 miles a day and finish the walk in 12 days. Dinesh's caption: Training for the hot walk. Note water-delivery tube, wool pants, wool shirt and heavy-duty thermal top and bo

Topics: caption days miles park walk

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In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

techcrunch.com Julie Bort 2025-09-15 02:10:57

In Brief Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post-money valuation of $16 billion. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March, after a $150 million secondary share sale. Its current valuation is also more than double the $7.65 billion post-money valuation Ramp hit a little over a year ago when it raised $150 million.

Topics: billion capital million ramp valuation

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In just 3 months, Ramp’s valuation jumped to $16B from $13B

techcrunch.com Julie Bort 2025-09-15 07:10:57

In Brief Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post money $16 billion valuation. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March from a $150 million secondary share sale. It’s current valuation is also more than double the $7.65 billion Ramp hit a little over a year ago when it raised $150 million at a $7.65 billion post mo

Topics: billion capital million ramp revenue

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Sword Health nabs $40M at $4B valuation, pushes IPO plans to at least 2028

techcrunch.com Marina Temkin 2025-09-15 23:58:33

Sword Health, an AI-powered digital health startup, has raised $40 million at a $4 billion valuation, a 33% jump from the $3 billion price tag it earned just a year ago. The funding was led by returning investor, General Catalyst. Even though 10-year-old Sword Health is cash-flow positive, its CEO and founder, Virgílio Bento, told TechCrunch that he opted to raise additional capital for two key reasons: to update the company’s valuation, and have funds readily available for strategic acquisitio

Topics: bento capital health said sword

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Best Internet Providers in Cape Coral, Florida

cnet.com See Full Bio 2025-09-18 08:36:00

What is the best internet provider in Cape Coral? CNET's top pick for the best internet service provider in Cape Coral is Quantum Fiber thanks to its fast symmetrical speeds and unlimited data. While it may not be available everywhere in the city, it's the top choice where coverage allows. If Quantum Fiber is not available at your address, Xfinity, T-Mobile and Verizon are all reliable alternatives worth considering. For the best balance of price and performance, Xfinity’s $40 plan offers up t

Topics: cape coral fiber internet provider

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Clay secures a new round at a $3B valuation, sources say

techcrunch.com Marina Temkin 2025-09-18 23:37:09

Clay, a sales automation startup, has raised a Series C round at an approximate $3 billion valuation, led by Capital G, according to three sources with knowledge of the deal. Clay and Capital G didn’t respond to a request for comment. The new round comes just a month after the New York startup announced that it will allow most of its employees to sell some of their shares at a $1.5 billion valuation. That secondary deal, known as a tender offer, was led by Sequoia, which agreed to purchase up

Topics: capital clay strategies techcrunch ventures

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Startups Weekly: No sign of pause

techcrunch.com Anna Heim 2025-09-19 10:05:00

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. You’d think WWDC would cause a lull in startup news. But not in June, when everyone is eager to announce their latest deals — or even to go public. Most interesting startup stories from the week Image Credits:Nasdaq This week brought us many reminders that no startup journey is linear — but the next billion-dollar idea may only be one click

Topics: capital million raised series startup

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Multiverse Computing raises $215M for tech that could radically lower AI costs

techcrunch.com Julie Bort 2025-09-23 02:00:00

Spanish startup Multiverse Computing on Thursday said it has raised an enormous Series B round of €189 million (about $215 million) on the strength of a technology it calls “CompactifAI.” CompactifAI is a quantum-computing inspired compression technology that is capable of reducing the size of LLMs by up to 95% without impacting model performance, the company said. Specifically, Multiverse offers compressed versions of well-known, open-source LLMs – primarily small models – such as Llama 4 Sco

Topics: capital company models multiverse ventures

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The cloud is not enough: Cisco embraces the shift toward Hybrid AI workloads

techspot.com Bob O'Donnell 2025-09-22 07:09:00

Bottom line: At this year's Cisco Live event in San Diego, one thing became apparent: the opportunity to run modern applications like GenAI and autonomous agents is no longer limited to the cloud. Cisco was ready to highlight several new products and services specifically targeted at major cloud computing providers and large ISPs. They also noted that interest in expanding the capabilities of on-premises data centers is not only still alive, but it's being reinvigorated by the rapid transition t

Topics: ai capabilities cisco network new

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Chime's IPO will test public market appetite for fintech as companies line up to exit

cnbc.com Mackenzie Sigalos 2025-09-23 03:35:01

Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images There's a mini-boom happening in fintech. After a multi-year IPO slowdown triggered by rising rates and valuation resets, some of the emerging players in online stock trading, banking, lending and crypto-related services are hitting the public market, or at least preparing for a debut. The next test of Wall Street's enthusiasm is expected to come on Thursday, when Chime is slated to start trading on the Nasdaq. The provider of online bank

Topics: capital chime ipo market said

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Pragmata is a satisfying sci-fi shooter with an intriguing double act

engadget.com Unknown 2025-09-22 23:00:05

Capcom’s odd-couple sci-fi action game, Pragmata, is almost here. At SGF 2025, I finally got to steer Hugh (the human) lumbering around in a military spacesuit, with the adorable android, Diana piggybacking along. First announced in 2020 during the PS5 reveal stream, Pragmata is set on a lunar base, where an industrial mishap turns security droids hostile, while lines of communication back to Earth have been severed. The USP here is how you fight your threats: by teaming up with a small synthet

Topics: capcom diana enemies hugh pragmata

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Jewel Burks Solomon’s Collab Capital has closed a new $75M fund

techcrunch.com Dominic-Madori Davis 2025-09-23 00:30:00

Collab Capital announced today the close of a $75 million Fund II. Jewel Burks Solomon, who rose to prominence in Silicon Valley during her years running Google for Startups US, has just closed her second fund for her VC firm Collab Capital. Fund II is $75 million and includes heavyweight limited partners like Apple, Goldman Sachs Asset Management, and The Leon Levine Foundation. Solomon co-founded the firm alongside Barry Givens in 2020 with an inaugural $50 million Fund I and invested in 38

Topics: capital collab fund ii million

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2 Best Self-Cleaning Water Bottles in 2025

cnet.com Amanda Capritto 2025-06-07 21:00:00

The CrazyCap bottle has two water purification modes: normal mode and "crazy mode." According to CrazyCap, normal mode kills up to 99.99% of contaminants and is suitable for "low to medium contamination," such as from public water fountains and tap faucets. Crazy mode, on the other hand, kills up to 99.9996% of contaminants and is suitable for "medium to high contamination," such as from lakes and rivers. The normal purification cycle takes 60 seconds and the crazy purification cycle takes two a

Topics: bottle crazycap mode purification water

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The real reason why oil and gas companies are bullish on carbon capture

techcrunch.com Tim De Chant 2025-06-08 01:41:46

Two years ago, oil and gas company Occidental bought carbon capture startup Carbon Engineering. The transaction was hailed as a win-win: A climate tech company scored a significant exit, and a fossil fuel company gained a foothold in a sector that could be worth up to $150 billion by 2050. Now we have a better idea why Occidental was keen to pick up the pricey technology: They want to use it to pump more oil. Previously, the company had said it would use the technology to zero out its climate

Topics: capture carbon gas oil production

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OpenAI tops 400 million users despite DeepSeek's emergence

cnbc.com Kate Rooney 2025-06-07 18:57:17

Brad Lightcap of OpenAI. Courtesy: OpenAI OpenAI appears to be growing quickly despite increasing competition. The San Francisco-based tech company had 400 million weekly active users as of February, up 33% from 300 million in December, the company's chief operating officer, Brad Lightcap, told CNBC. These numbers have not been previously reported. Lightcap pointed to the "natural progression" of ChatGPT as it becomes more useful and familiar to a broader group of people. "People hear about it

Topics: company lightcap openai people said

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Unit Network raises $18M for decentralized platform enabling real-world and digital asset trading

venturebeat.com Dean Takahashi 2025-06-08 03:00:00

Unit Network, a decentralized financial ecosystem enabling trading of real-world and digital assets through tokenization, has raised $18 million. The venture capital investment was led by industry leaders such as the Blockchain Founders Fund and Outlier Ventures, alongside notable entrepreneurs including Cristina Venture (White Star Capital), Diego Gutiérrez Zaldívar (Rootstock), Joshua Seims (Metastable Capital), Richard Wang (Draper Dragon Fund), Thomas Hessler (Zanox), Yuval Rooz (DigitalAss

Topics: capital economic financial network unit

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Immutable-backed Inevitable Games Fund grows 180% in 9 months

venturebeat.com Dean Takahashi 2025-06-07 22:00:00

Immutable, in collaboration with King River Capital and Polygon Labs, today announced the inaugural returns on liquid investments of the Inevitable Games Fund (IGF). The fund recorded a 2.8 multiple on invested capital (MOIC) for investments that have launched token generation events (TGEs), outpacing the 1.36 multiple seen from Bitcoin during the same time period. Anchored by Alpha Wave Ventures, backed by Alpha Wave Global and the Abu Dhabi Royal Group’s Chimera Capital, IGF has made investm

Topics: capital games gaming immutable web3

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Google Meet’s scrollable captions let you catch up after zoning out in calls

androidauthority.com Unknown 2025-06-07 23:49:02

TL;DR Google Meet is adding the ability to scroll live captions and translated captions. Users will be able to scroll through the last 30 minutes of conversation. The rollout is currently in progress. Google Meet is getting a handy new function related to captions. If you use the service, you’ll now be able to scroll through live captions and translated captions. In a new blog post, Google announced it is adding the ability to scroll through live captions, as well as translated captions. Pre

Topics: able captions conversation google scroll

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Latest Tech News

Elon Musk responds to report that xAI is burning through $1 billion a month

Resident Evil Requiem headlines the next Capcom Spotlight livestream

FDA Approves ‘Breakthough’ Drug to Prevent HIV

Worried CapCut Might Get Banned With TikTok? Try These Video Editing Apps

Dinesh’s Mid-Summer Death Valley Walk (1998)

Dinesh's Mid-Summer Death Valley Walk (1998)

In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

In just 3 months, Ramp’s valuation jumped to $16B from $13B

Sword Health nabs $40M at $4B valuation, pushes IPO plans to at least 2028

Best Internet Providers in Cape Coral, Florida

Clay secures a new round at a $3B valuation, sources say

Startups Weekly: No sign of pause

Multiverse Computing raises $215M for tech that could radically lower AI costs

The cloud is not enough: Cisco embraces the shift toward Hybrid AI workloads

Chime's IPO will test public market appetite for fintech as companies line up to exit

Pragmata is a satisfying sci-fi shooter with an intriguing double act

Jewel Burks Solomon’s Collab Capital has closed a new $75M fund

2 Best Self-Cleaning Water Bottles in 2025

The real reason why oil and gas companies are bullish on carbon capture

OpenAI tops 400 million users despite DeepSeek's emergence

Unit Network raises $18M for decentralized platform enabling real-world and digital asset trading

Immutable-backed Inevitable Games Fund grows 180% in 9 months

Google Meet’s scrollable captions let you catch up after zoning out in calls

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