PhonePe, India’s biggest digital payments platform, has put its IPO plans on hold, citing geopolitical tensions and a volatile stock market. On Monday, the Bengaluru-based company said it had paused its IPO plans, but remains committed to going public once market conditions improve. The move comes less than two months …
SourceIn a surprise launch on Monday, Apple unveiled the AirPods Max 2, the long-awaited successor to its premium headphones that launched in 2020. The Max 2 cost $549, and feature active noise cancellation, Apple’s audio-specific H2 chip, support for live translation, better sound quality, and more. The headphones will be …
SourceShopify is preparing for the transformation of a lifetime, according to its president, Harley Finkelstein. Speaking at this year’s Upfront Summit in Los Angeles, the longtime e-commerce veteran spoke about how the company is going all in on agentic shopping. Shopify is the second-largest e-commerce provider in the U. But …
SourceThere is a new key term to know as part of this artificial intelligence revolution, at least according to Antonio Gracias, the founder of Valor Equity Partners. While chatting at this year’s Upfront Summit in Los Angeles, he spoke about the term he coined — proentropic — a descriptor for …
SourceEncyclopedia Britannica and Merriam-Webster have filed a lawsuit against OpenAI, alleging in its complaint that the AI giant has committed “massive copyright infringement. ” Britannica, which owns Merriam-Webster, retains the copyright to nearly 100,000 online articles, which have been scraped and used to train OpenAI’s LLMs without permission, the publisher …
SourceIn 2023, after three years of building an automotive lending startup, Fuse co-founders Andres Klaric and Marc Escapa realized that LLMs could modernize something even more significant: the loan origination system (LOS), which is the backbone of the lending industry. Frustrated by the limitations of legacy software, Klaric (pictured left), …
SourceEight-year-old semiconductor startup Frore Systems has raised a $143 million Series D, led by MVP Ventures, at $1. 64 billion valuation, the company announced on Monday. Frore has now raised $340 million total, the company said. Frore doesn’t make the chips themselves; it makes liquid-cooling systems for them. Founded by …
SourceNvidia kicks off its annual GTC developer conference in San Jose, California, on Monday with CEO Jensen Huang’s keynote scheduled for 11 a. GTC — which stands for GPU Technology Conference — is Nvidia’s flagship annual event, running from March 16 to March 19. The chipmaker typically uses the spotlight …
SourceNvidia CEO Jensen Huang used the company’s keynote at Nvidia GTC on Monday to introduce DLSS 5, a new version of the chipmaker’s AI graphics tech designed to make video games more realistic while using less compute power. The new DLSS 5 system combines traditional 3D graphics data with generative …
SourceElon Musk’s company xAI should be held accountable for allowing its AI models to produce abusive sexual images of identifiable minors, three anonymous plaintiffs argued in a lawsuit filed Monday in California federal court. The three plaintiffs want to bring a class action suit representing anyone who had real images …
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