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Karen Weise and Cade Metz
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Getaround, a company that helps vehicle owners rent out their cars, trucks, and SUVs to other peers, is shutting down its US operations. The move comes one year after the company cut 30% of its North American workforce as part of a restructuring effort. Getaround's HyreCar business, which it acquired in 2023 for $9.45 million, is also closing.
Drata, a security compliance automation platform, has acquired SafeBase, a software security review startup, for $250 million. The acquisition aims to expand Drata's trust management offerings and provide customers with a seamless ecosystem of trust, governance, risk, and compliance solutions.
Big tech and pharmaceutical companies are accelerating the implementation of artificial intelligence in the healthcare industry. Investments in emerging markets such as Southeast Asia are driving this trend, with companies like Alibaba Health and Pristyn Care leading the way.
Apple has announced that its Apple TV app, including its streaming service and MLS Season Pass, is now available on Android devices. The app will support a broader range of Android-based devices, including phones, tablets, and foldables. Users will be able to create an Apple account and pay for the service through Google Play billing.
A new startup founded by a former Google DeepMind executive has raised $50 million in funding to enable biopharma, biotechs, and life science companies to utilize AI-powered models for discovery. The company's approach involves either giving these companies direct access to its models or supporting their discovery programs via project-based partnerships.
A recent study has found that over 50% of 'model errors' in popular AI benchmarks are actually caused by mislabeled and ambiguous questions. The researchers suggest that rethinking how these benchmarks are constructed is necessary to minimize label errors and properly quantify model reliability.
OpenAI has announced the cancellation of its o3 model, which was initially planned for release early this year. Instead, the company will focus on a simplified product offering and roll out GPT-5, which integrates OpenAI's technology, including o3, into its AI-powered chatbot platform ChatGPT and API.
elon musk's x, formerly known as twitter, has agreed to pay president donald trump $10 million to settle a lawsuit related to trump's suspension from the platform. the settlement comes after trump's team considered letting the lawsuit against x peter out due to their relationship with musk.
Ulu Ventures, a 17-year-old venture capital firm, has raised its fourth fund of $208 million. Despite the backlash against diversity efforts (DEI) in the tech industry, Ulu is committed to investing in diverse founders. The firm uses data-driven approach to filter out biases and plans to continue its strategy.
President Donald Trump has nominated Jonathan Morrison, an Apple executive, to head the National Highway Traffic Safety Administration (NHTSA). The nomination will be reviewed and voted on by the Senate Committee on Commerce, Science, and Transportation. If confirmed, Morrison will oversee investigations into Tesla's Full Self-Driving software, among other responsibilities.
Anthropic's CEO, Amodei, discussed the challenges of model selection in AI applications during the AI Action Summit. He highlighted the need for a smoother transition between pre-trained models and those trained with reinforcement learning.
The fintech industry is witnessing a heated battle between Bench and DeepSeek, two companies that are revolutionizing the use of artificial intelligence (AI) in accounting. In this article, we explore the current state of the rivalry and what it means for the future of AI in finance.
Netflix Bites, a new restaurant inspired by Netflix movies and shows, has opened its doors in the MGM Grand Hotel & Casino. The restaurant offers breakfast, lunch, and dinner options, including a 'Bridgerton'-inspired tea service and Stranger Wings.
The war in Ukraine served as a wake-up call for Europe, leading to a surge in investment and innovation in the defense technology sector. According to Dealroom's latest report on Defence, Resilience, and Security (DSR) in Europe, DSR startups secured a record $5.2 billion in venture capital last year, up 24% compared to 2023.