Every new technology creates a new environment in which we work, but it’s not clear how AI will do that. One possibility is that the interface disappears entirely. That’s the vision of Josh Sirota, who founded the startup Eragon back in August and has just raised $12 million at a …

Artificial intelligence models are multiplying fast, and competition is stiff. With so many players crowding the space, which one will be the best — and who decides that? Arena, formerly LM Arena, has emerged as the de facto public leaderboard for frontier LLMs, influencing funding, launches, and PR cycles. In …

The fashion industry knows it has a waste problem. About one garbage truck of textiles is thrown away every second. Meanwhile, the industry generates more carbon pollution than international flights and maritime shipping combined. Some companies are experimenting with new ways to recycle textile waste, while others are developing new …

Electricity is a key raw material for artificial intelligence, but new processing techniques outstrip the ability of data center operators to manage their relationship with the power grid, forcing them to throttle down by as much as 30%. “There is so much power squandered in these AI factories,” Nvidia CEO …

Y Combinator’s famed CEO Garry Tan told a SXSW audience that he’s got “cyber psychosis” and is barely sleeping because he’s so excited to be working with AI agents. “I sleep, like, four hours a night right now,” he told his interviewer, fellow VC Bill Gurley, during an onstage interview …

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 …

There 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 …

In 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), …

Eight-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 …

Apple has acquired MotionVFX, a company that develops plug-ins, templates, and advanced capabilities for Apple’s Final Cut Pro video editing software. The financial terms of the deal are unknown. “We are extremely excited to share that MotionVFX is joining the Apple team to continue to empower creators and editors to …