Intuit to lay off over 3,000 employees to refocus on AI
In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company’s corporate structure, and deliver better AI products.
Anthropic warns investors against secondary platforms offering access to its shares
The company named Open Doors Partners, Unicorns Exchange, Pachamama Capital, Lionheart Ventures, Hiive, Forge Global, Sydecar and Upmarket as companies that are not authorized to provide access to buy or sell its shares.
SpaceX may spend up to $119B on ‘Terafab’ chip factory in Texas
The project would be a “multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility,” according to the proposal.
CopilotKit raises $27M to help devs deploy app-native AI agents
The Seattle-based startup’s Series A round was led by Glilot Capital, NFX and SignalFire, TechCrunch has exclusively learned.
Pentagon inks deals with Nvidia, Microsoft, and AWS to deploy AI on classified networks
The deals come as the DOD has doubled down on diversifying its exposure to AI vendors in the wake of its controversial dispute with Anthropic over usage terms of its AI models.
DeepSeek previews new AI model that ‘closes the gap’ with frontier models
DeepSeek says both models are more efficient and performant than DeepSeek V3.2 due to architectural improvements, and have almost “closed the gap” with current leading models, both open and closed, on reasoning benchmarks.
Revolut eyes valuation of up to $200B in eventual IPO
Fintech giant Revolut, which secured a full banking license in the U.K. in March after years of waiting, was most recently valued at $75 billion in a secondary share sale.
InsightFinder raises $15M to help companies figure out where AI agents go wrong
According to CEO Helen Gu, the biggest problem facing the industry today is not just monitoring and diagnosing where AI models go wrong, it’s diagnosing how the entire tech stack operates now that AI is a part of it.
InsightFinder raises $15M to help companies figure out where AI agents go wrong
According to CEO Helen Gu, the biggest problem facing the industry today is not just monitoring and diagnosing where AI models go wrong, it’s diagnosing how the entire tech stack operates now that AI is a part of it.
Amazon to buy Globalstar for $11.57B in bid to flesh out its satellite biz
Amazon on Tuesday agreed to buy satellite company Globalstar, known for powering Apple’s “Emergency SOS” feature, for $11.57 billion in cash.