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Corgi reaches a $1.3bn valuation four months after its Series A, with TCV leading a $160m round

The Y Combinator-backed AI-native insurance carrier closed its Series A in January at a $630m valuation. The Series B doubles that figure and funds expansion beyond startup insurance into trucking, where the company says quoting and risk modelling can be similarly compressed. Corgi, a Y Combinator-backed AI-native insurance carrier built for startups, has raised a […]This story continues at The Next Web

Five architects of the AI economy explain where the wheels are coming off

Earlier this week, five people who touch every layer of the AI supply chain sat down at the Milken Global Conference in Beverly Hills, where they talked with TechCrunch about everything from chip shortages to orbital data centers to the possibility that the whole architecture that undergirds the tech is wrong.

Pit launches in Stockholm with $16M to build custom AI-native software for enterprise operations

The Voi co-founder, Adam Jafer, is the chief executive. Lakestar joined a16z on the round, with strategic angels from OpenAI, Anthropic, Google, Deel, and Revolut. Early customers, including Voi, Tre, Stena Recycling, and Kry, are reporting deployment timelines of days to weeks. Pit, a Stockholm-based AI-native software platform for enterprise operations, has launched publicly with […]This story continues at The Next Web

OpsMill raises $14m Series A to make IT infrastructure data trustworthy enough for AI agents

IRIS led the Paris- and London-based startup’s round, with BGV joining alongside existing investors Serena and Partech. The company’s Infrahub platform is in production at TikTok and at one European cloud provider that says it has cut deployment times from five days to fifteen minutes. OpsMill, the Paris-headquartered infrastructure data management company, has raised $14m […]This story continues at The Next Web

Elon Musk Teams Up With Anthropic, a Company He’s Called ‘Evil’

According to Anthropic, the deal will allow it to crank back up some of the rate limits it has been throttling in recent weeks. In a press release, the company said it will double Claude Code’s ...

Louisiana incentivizing aerospace companies like Elon Musk's SpaceX

Louisiana lawmakers are incentivizing aerospace companies to set up operations in the state. Is Elon Musk planning to build a SpaceX center? What we know.

Shivon Zilis, mother of Elon Musk’s kids and former OpenAI board member, testifies in explosive case

Shivon Zilis, Elon Musk’s romantic partner and the mother of four of his children, testified Wednesday in his explosive lawsuit against OpenAI – fielding questions about whether she “funneled” information to Musk while she was sitting on OpenAI’s board.

Where to listen to the Elon Musk vs. Sam Altman court case

Elon Musk and Sam Altman, both co-founders of OpenAI, are currently in court as Musk is accusing Altman of abandoning an ...

Elon Musk hit with $1.5M fine in Twitter disclosures settlement

Elon Musk will pay the massive fine to settle a long-running Securities and Exchange Commission lawsuit over his 2022 acquisition of Twitter. The deal resolves allegations that Musk delayed disclosing his initial stake in the company.

Elon Musk considers site not far from Houston for new chipmaking facility

Elon Musk appears to have identified a site for his massive Terafab chipmaking facility — and it's right outside of Aggieland ...

Elon Musk Wanted Tesla to Take Over OpenAI, Romantic Partner Testifies in Court

Shivon Zilis took the stand in court for questioning on whether she “funneled” information to Musk while sitting on the board ...

Factbox - Elon Musk lays out Terafab AI chip project plan

May 6 (Reuters) - SpaceX has proposed an initial $55 billion investment to build a semiconductor manufacturing facility in ...

Elon Musk proposes $55 billion Terafab facility near College Station

Grimes County commissioners are expected to consider a property tax abatement agreement for a $55 billion facility proposed ...

Former OpenAI board member says Elon Musk offered her sperm donations

"I still really wanted to be a mum and Elon made the offer around that time and I accepted," she said, explaining Musk in ...

Elon Musk’s Last-Ditch Effort to Control OpenAI: Recruit Sam Altman to Tesla

Messages between Shivon Zilis and Tesla executives reveal plans in 2017 to start a rival AI lab, potentially led by Altman or Demis Hassabis.

A 20-minute pitch wins Indian startup Pronto backing from Lachy Groom

The investment comes as Pronto scales to 26,000 daily bookings and the market heads toward a potential $18 billion size.

Google’s AI Overviews killed 58 per cent of publisher clicks. Now it is adding a ‘Further Exploration’ section to bring some back.

Google has a publisher problem. AI Overviews, the AI-generated summaries that now appear at the top of search results for a growing share of queries, have been correlated with a 58 per cent reduction in click-through rates to the websites whose content those summaries are built on. Penske Media has filed an antitrust lawsuit. The […]This story continues at The Next Web

Snap lost a 400 million dollar AI deal, 20 million dollars a month to the Iran war, and 24 per cent of its stock price. The AR glasses had better work.

Snap reported first-quarter earnings on Tuesday that should have been unremarkable: revenue up 12 per cent to 1.53 billion dollars, adjusted EBITDA more than doubled to 233 million dollars, free cash flow nearly tripled to 286 million dollars. The stock fell four per cent. The reason was not in the numbers Snap reported but in […]This story continues at The Next Web

Barry Diller trusts Sam Altman. But ‘trust is irrelevant’ as AGI nears, he says.

Barry Diller defended OpenAI CEO Sam Altman, while warning that AGI remains an unpredictable force needing guardrails.

Nyobolt’s batteries charge in seconds and last 20,000 cycles. The customer that made it a unicorn is a warehouse robot.

The battery that made Nyobolt a unicorn does not power a car. It powers a warehouse robot. The Cambridge-based startup announced on Tuesday that it has closed a 60 million dollar Series C round at a one billion dollar valuation, led by Symbotic, the Nasdaq-listed AI robotics company whose SymBot autonomous mobile robots already run […]This story continues at The Next Web