The firm calls the deal Project Mercury, Bloomberg reported, citing people familiar with it. It gathers assets from two Lightspeed funds, Select V and Opportunity II, plus a separately managed account. OpenAI is the anchor. Coller Capital is the lead b…
A 17-year-old in Massachusetts has been charged with murdering his mother and younger brother, and prosecutors say that in the period before the deaths he had used ChatGPT to explore what they described as fantasy scenarios about killing his family. It…
Heart Aerospace flew its X1 demonstrator at Plattsburgh International Airport on 12 August, the company announced. The aircraft taxied, took off, climbed, manoeuvred and landed. It reached 335 metres, and its all-electric propulsion produced more than …
The number comes from investors, not the company. Six backers told the Financial Times that rising revenue would let the five-year-old lab more than double its valuation in an autumn listing. At $2 trillion it would eclipse SpaceX, which went public at…
Instagram changed its wordmark on Thursday. A wordmark is the written name, the word “Instagram” as it appears at the top of the app. It is not the icon. The pink and orange gradient square on your home screen is untouched. The change itself is small. …
High-bandwidth memory is the part of an AI system that nobody photographs. It sits next to the processor and feeds it data, and if it is too slow the expensive chip waits. It is made by stacking ordinary DRAM, the same memory that goes into laptops and…
Almost every AI business sells a product. Someone builds a model or a tool, licenses it, and hopes the customer works out what to do with it. Thrive Holdings inverts that. It buys accounting firms and IT services companies outright, puts its own engine…
Code review is the step where somebody reads a change before it ships. A developer proposes an edit, opens what the trade calls a pull request, and a colleague checks it for bugs and security holes. It is slow and unglamorous work. Until recently it wa…
Accel is a venture capital firm. It gives money to startups early, usually before anyone else has, and takes a stake in return. It has done this since 1983, and it wrote the first institutional cheque into Atlassian, CrowdStrike, Flipkart and Slack. On…
Government software is usually bought by asking several companies to bid. A department writes down what it needs, suppliers compete, and the file records why the winner won. A memo drafted inside the US Defense Department on 4 August did something diff…