Category: News

A major move is reportedly underway in the world of venture capital: Andreessen Horowitz (a16z) is planning to launch a $20 billion mega fund aimed at capitalizing on the surging global interest in U.S.-based artificial intelligence companies. According to a Reuters report, the Silicon Valley-based VC firm—founded in 2009 by Marc Andreessen and Ben Horowitz—is...

Social media platforms have undergone a significant transformation in recent years. Topics such as data privacy, content moderation, and algorithm transparency have become key concerns for users around the world. At the heart of this transformation stands a next-generation platform that’s catching everyone’s attention: Bluesky. Founded by former Twitter CEO Jack Dorsey, Bluesky brings a...

According to a New York Times report citing sources close to the White House, Amazon has allegedly submitted an offer to acquire TikTok. With the deadline for a sale looming—TikTok faces a nationwide ban in the U.S. unless a deal is reached by the end of April—the platform is said to be in talks with...

Enterprise browser developer Island has secured $250 million in a Series E funding round led by Coatue, with participation from Insight Partners, Sequoia Capital, and Canapi Ventures. The fresh investment has propelled the company’s valuation to $4.85 billion. Based in Dallas, Texas, Island enables businesses to develop customized enterprise browsers, granting them full control over...

Believing that AI models should excel not only in text generation but also in visual creation, OpenAI has enhanced GPT-4o’s capabilities, integrating its most powerful image generation features to date. These new features will initially be available to ChatGPT Pro, Plus, and Team subscribers. Due to overwhelming user demand, OpenAI plans to roll out GPT-4o’s...

Roper Technologies, a leading provider of software and technology solutions, is expanding its presence in the healthcare sector by acquiring CentralReach for $1.65 billion. Previously operating under Insight Partners, CentralReach is expected to officially become part of Roper Technologies by April or May 2025. Following the acquisition announcement, Roper’s shares increased by 1.1%. Headquartered in...

OpenAI, a leading force in artificial intelligence, has successfully closed a new funding round, securing a $40 billion investment at a $300 billion valuation. Just six months ago, OpenAI raised $6.6 billion at a $157 billion valuation, meaning its market value has nearly doubled in a short period, drawing significant interest from investors. The funding...

Spotify has announced a new partnership with ElevenLabs to make AI-generated audiobooks more accessible on its platform. Through this collaboration, authors will be able to use ElevenLabs’ AI-powered voice technology to create audiobooks and distribute them via Spotify’s Findaway Voices platform. As AI-generated voice content continues to grow, ElevenLabs’ advanced voice synthesis technology, which supports...

San Francisco-based Together AI has raised $305 million in a Series B funding round led by General Catalyst, bringing its valuation to $3.3 billion. The round saw participation from Prosperity7, Salesforce Ventures, Nvidia, Kleiner Perkins, SE Ventures, Greycroft, March Capital, Cadenza Ventures, and Coatue. Founded in 2022, Together AI provides a cloud platform that enables...

San Francisco-based AI-powered recruitment platform Mercor has secured a $100 million investment in its latest funding round, bringing its valuation to $2 billion. Founded in 2023, Mercor has quickly gained traction in the industry. Last year, the company raised funds at a $250 million valuation, with backing from prominent angel investors like Peter Thiel, Jack...