OpenAI, a leading force in the artificial intelligence space, has officially introduced the third generation of its text-to-image model, DALL·E. The upgraded version will be available to ChatGPT Plus and Enterprise users starting in October. DALL·E 3 significantly enhances image generation capabilities, allowing users to create high-quality, visually rich outputs even from short and simple...
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Charter acquires Cox Communications in $21.9 billion deal, reshaping U.S. telecom landscape
Microsoft to cut 7,000 jobs globally to fuel AI-focused strategy
Coinbase to acquire crypto derivatives platform Deribit for $2.9 billion
Microsoft bans DeepSeek over data security and propaganda concerns
Andreessen Horowitz plans massive $20 billion ai fund amid global investor interest
Bluesky: A decentralized alternative to traditional social media
Amazon reportedly makes surprise bid to acquire TikTok
Island Secures $250M in series e funding, valuation hits $4.85 billion
OpenAI elevates image generation capabilities with GPT-4o!
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Category: News
Charter acquires Cox Communications in $21.9 billion deal, reshaping U.S. telecom landscape
A major shift is underway in the U.S. telecommunications industry. Charter Communications is acquiring its long-time rival, Cox Communications, in a landmark deal worth $21.9 billion. As part of the agreement, Charter will also assume Cox’s $12.6 billion in net debt, bringing the total enterprise value of the deal to $34.5 billion. The newly formed...
Microsoft to cut 7,000 jobs globally to fuel AI-focused strategy
In an effort to sharpen its competitive edge in an evolving tech landscape, Microsoft is set to reduce its global workforce by approximately 3%, impacting around 7,000 employees. The decision is part of a broader plan to reallocate resources toward artificial intelligence investments and infrastructure development. The company, which employs over 220,000 people worldwide, is...
Coinbase to acquire crypto derivatives platform Deribit for $2.9 billion
In a major move to expand its footprint in the crypto derivatives market, Coinbase has announced its intention to acquire Deribit for $2.9 billion. The deal includes a $700 million cash payment and the transfer of 11 million Class A Coinbase shares to Deribit. This strategic acquisition is expected to strengthen Coinbase’s presence in the...
Microsoft bans DeepSeek over data security and propaganda concerns
Microsoft has officially prohibited its employees from using the China-based AI application DeepSeek, citing serious concerns about data privacy and potential propaganda content. During a recent hearing in the U.S. Senate, Microsoft Vice Chair and President Brad Smith announced the decision, highlighting the risks associated with how DeepSeek handles user data. According to Smith, user...
Andreessen Horowitz plans massive $20 billion ai fund amid global investor interest
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...
Bluesky: A decentralized alternative to traditional social media
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...
Amazon reportedly makes surprise bid to acquire TikTok
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...
Island Secures $250M in series e funding, valuation hits $4.85 billion
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...
OpenAI elevates image generation capabilities with GPT-4o!
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...