The Chainsmokers’ Mantis Ventures closes $100M third fund
The fund brings Mantis’ assets under management to $225 million.
Former Intel CEO launches a benchmark to measure AI alignment
Former Intel CEO Pat Gelsinger created a new benchmark to test for AI model’s alignment with aspects of human flourishing.
OpenAI is reportedly releasing an AI browser in the coming weeks
OpenAI’s browser is said to use AI to rethink how users browse the web, keeping some user interactions inside ChatGPT instead of linking out to websites.
Meta reportedly recruits Apple’s head of AI models
Ruoming Pang previously ran Apple’s in-house team that trained the AI foundation models that underpin Apple Intelligence and other on-device AI features.
CoreWeave acquires data center provider Core Scientific in $9B stock deal
As a result of the deal, CoreWeave says it will gain access to more than a gigawatt of data center capacity — enough energy to power more than 850,000 homes.
India’s Max Financial says hacker accessed customer data from its insurance unit
The insurance giant is one of the largest insurers in India.
TikTok lays off more employees working on TikTok Shop US
TikTok Shop US is conducting its third round of layoffs in as many months.
US chipmakers could see bigger tax credits if Trump’s spending bill passes
The current version of the Trump administration’s “big, beautiful bill” would raise the tax credit for U.S. chipmakers to 35%.
Foxconn tells hundreds of Chinese staff to return from its Indian iPhone factories
Foxconn ordered over 300 Chinese employees to return home from its factories in India, per Bloomberg.
Catalio Capital closes over $400M Fund IV
Catalio Capital Management announced the closing of its more than $400 million Fund IV. The fund will continue the firm’s thesis of backing healthcare and biotechnology companies.