Perplexity's Free AI Push in India Boosts Revenue Despite Drop in Downloads
Perplexity's revenue in India grew around 60% after ending its free Airtel offer for new users, even as app downloads declined.
Tech Companies
News and updates about major technology companies and startups.
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Etched Doubles Valuation to $21B in Under a Month
Etched's valuation has surged to $21 billion after Jane Street, impressed by its first shipped AI cluster, led another massive funding round.
Maryland's Digital Ad Tax Ruling: What It Means for Big Tech and State Budgets
A Maryland tax court struck down the state's digital advertising tax, ordering refunds to Apple, Google, and Peacock, a decision with significant implications for tech taxation and state revenue.
Reach Capital Closes $265M Fund V to Support AI Startups Focused on Human Potential
Reach Capital has announced the closing of its oversubscribed $265 million Fund V, aimed at backing AI founders who are building technologies to expand human potential.
iPhone 17 Pro: Price Hikes, Feature Leaks, and What Comes Next
As the iPhone 17 series prepares for a global price increase, new leaks detail the iPhone 18 Pro's twelve upgrades. We analyze the trend and what it means for Apple's flagship strategy.
AI Startup Relay Shuts Down, Team Moves to Google Chrome
Relay, an AI automation startup, has ceased operations as its team joins Google's Chrome division, signaling a shift in AI integration.
GitHub Outage Disrupts Global Developer Workflows
GitHub experienced a worldwide outage affecting its website, API, Actions, and Copilot, prompting Microsoft to confirm the incident and leaving developers struggling to work.
Groq Secures $350M to Accelerate Its Shift Toward AI Cloud Services
Groq has raised $350 million at a $3.5 billion valuation, marking a strategic pivot from AI chip design to a neocloud business model and the expansion of data centers powered by Nvidia hardware.
Amazon's AI Training Is Destroying Rare Books, Raising Preservation Concerns
As Amazon repurposes its vast book inventory for AI model training, rare and out-of-print texts are reportedly being destroyed, sparking debate over the ethics of sacrificing cultural heritage for technological progress.
Nvidia Invests $1.5B in SoftBank-Backed Data Center Firm Behind OpenAI Project
Nvidia is pouring $1.5 billion into a SoftBank-affiliated data center developer, securing its chips for a major OpenAI facility.