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Education
Educational publishing giant McGraw Hill is preparing to go public, targeting a valuation of $4.2 billion in an initial public offering (IPO), according to a company announcement on Monday, Reuters reported. Backed by private equity firm Platinum Equity, the company aims to raise up to $537 million by offering
Artificial Intelligence (AI)
In a dramatic turn of events highlighting the escalating competition in the AI development space, Cognition — the startup behind the viral AI coding agent Devin — announced on Monday that it has reached a definitive agreement to acquire fellow AI coding startup Windsurf. The acquisition follows a chaotic weekend of executive
Artificial Intelligence (AI)
Meta is taking a bold leap in the artificial intelligence arms race with a massive infrastructure buildout that could redefine both the future of AI and America’s energy landscape. In a recent announcement on Threads, CEO Mark Zuckerberg revealed the construction of Hyperion, a new data center the company
Artificial Intelligence (AI)
Meta has officially finalized the acquisition of PlayAI, a California-based startup known for its cutting-edge AI voice cloning technology, according to a report from Bloomberg. The purchase marks another significant move in Meta’s accelerated campaign to dominate the artificial intelligence space, particularly in speech and generative AI. PlayAI’s
Artificial Intelligence (AI)
Amazon Web Services (AWS) is preparing to launch its own AI agent marketplace next week, marking a significant step in the evolving world of AI-driven automation. According to sources cited by TechCrunch, the launch will take place during the AWS Summit in New York City on July 15. Anthropic, one
Artificial Intelligence (AI)
Amazon has secured new multi-year licensing agreements with media giants Hearst and Condé Nast, granting its AI shopping assistant, Rufus, access to a wide array of premium editorial content. As reported by Digiday, this partnership allows Amazon's AI to draw from the vast archives of influential publications such
Artificial Intelligence (AI)
Perplexity, the fast-rising AI startup known for its search engine technology, has officially launched its first web browser, Comet. The release marks the company’s most direct challenge yet to Google’s dominance in how people search and browse the internet. But rather than simply creating another browser, Perplexity is
Artificial Intelligence (AI)
French artificial intelligence startup Mistral is in advanced discussions to secure up to $1 billion in new equity funding, according to a Bloomberg report citing people familiar with the matter. The potential funding round is said to involve Abu Dhabi’s MGX fund, a $100 billion government-backed initiative focused on
Transportation
Waymo, Alphabet’s self-driving technology subsidiary, is taking its autonomous vehicle (AV) testing to the Northeast. On Monday, the company kicked off two new “road trips” to Philadelphia and New York City, marking the latest step in its nationwide push to refine its AI driver and eventually expand commercial robotaxi
Cloud Computing
Cloud infrastructure provider CoreWeave announced Monday its acquisition of Core Scientific, a data center infrastructure company, in a $9 billion all-stock transaction. This move marks one of the largest consolidation efforts in the AI infrastructure space, as demand for compute power continues to skyrocket. With this acquisition, CoreWeave gains access
Military & Defense
Hypersonic weapons startup Castelion is accelerating its mission to reshape the U.S. defense landscape. The company has secured a massive $350 million Series B funding round, led by Lightspeed Venture Partners and Altimeter Capital, according to documents viewed by TechCrunch. This latest funding values Castelion in the billions and
Software Development
Swedish AI startup Lovable, a standout in the rapidly growing world of “vibe coding,” is reportedly raising over $150 million in fresh funding at a valuation nearing $2 billion, according to the Financial Times. This marks a dramatic leap from just a few months ago, when the company closed a