[ad_1] Disney’s three-year licensing partnership with OpenAI includes just one of exclusivity, Disney CEO Bob Iger told CNBC. The company signed the partnership with OpenAI last week that will bring its iconic characters to the AI firm’s Sora video generator. Once that exclusive year is up, Disney is free to …
Read More »I hate that I love Riverside’s AI-driven ‘Rewind’ for podcasters
[ad_1] The online podcast recording platform Riverside came out with its own version of a year-end review like Spotify’s “Wrapped.” The recap, called “Rewind,” creates three custom videos for podcasters. Instead of sharing statistics like how many minutes you recorded, or how many episodes you made, Riverside created a 15-second …
Read More »OpenAI-backed biotech firm Chai Discovery raises $130M Series B at $1.3B valuation
[ad_1] Chai Discovery, a biotech startup with backing from OpenAI, announced a $130 million Series B round at a $1.3 billion valuation on Monday. The round was led by General Catalyst and Oak HC/FT, the company said. Other participants include Menlo Ventures, OpenAI, Dimension, Thrive Capital, Neo, Yosemite venture fund, …
Read More »VCs discuss why most consumer AI startups still lack staying power
[ad_1] Even three years after the generative AI boom started, most AI startups are still making money by selling to businesses, not individual consumers. Although consumers quickly adopted general-purpose LLMs like ChatGPT, most specialized consumer GenAI applications have yet to resonate. “A lot of early AI applications around video, audio, …
Read More »Ford is starting a battery storage business to power data centers and the grid
[ad_1] Amid Ford’s shift away from making large electric vehicles, the automaker is adding a new product line to find a home for its batteries. Ford said Monday that instead of scuttling plans to build the batteries for those vehicles, it will pivot that capacity into a new battery storage business. Those storage systems, which will …
Read More »Threads adds new communities, tests badges for highly engaged members
[ad_1] Meta’s social network Threads is expanding the number of topics available through its newer communities feature, the company announced on Monday. This expansion might nudge people to use communities less on Reddit and X. The platform initially launched over 100 communities in October, including those dedicated to basketball, television, …
Read More »Tesla starts testing robotaxis in Austin with no safety driver
[ad_1] Just about six months after Tesla started testing its fledgling Robotaxi service in Austin, Texas, the company is now letting those cars drive around the city with no safety monitor onboard. The removal of the human safety monitors brings the company a critical step closer to its goal of …
Read More »Mesa shuts down credit card that rewarded cardholders for paying their mortgages
[ad_1] Fintech startup Mesa has shut down its Homeowners Card, which awarded points to cardholders for paying their mortgages. A message on the Mesa website states that as of December 12, “all Mesa Homeowners Card accounts are closed,” adding, “All credit cards have been deactivated and you are no longer …
Read More »WhatsApp’s biggest market is becoming its toughest test
[ad_1] WhatsApp, Meta’s messaging app that millions of Indians rely on daily, is facing a critical moment in India as recent government directions threaten to disrupt how the platform works for everyday users and businesses. Issued late last month and made public earlier this month, the directions ask certain app-based …
Read More »How iRobot lost its way home
[ad_1] There’s something painfully American about the arc of iRobot, the company that taught your vacuum to navigate around the furniture. Founded in 1990 in Bedford, Massachusetts by MIT roboticist Rodney Brooks and his former students Colin Angle and Helen Greiner, the company filed for Chapter 11 bankruptcy on Sunday, …
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