Tag: Breaking news: technology

  • Character.ai valued at $1 billion after $150 million round of A16Z

    Character.AI, an artificial intelligence start-up founded by two former Google employees, is capitalizing on venture capitalists’ unquenchable appetite for deals in the hottest space of technology. The two-year-old company said Thursday it had raised $150 million at a $1 billion valuation in a funding round led by Andreessen Horowitz. Noam Shazeer and Daniel De Freitas, […]

  • Virgin Orbit is closing in on a $200 million deal on Thursday

    A general view of Cosmic Girl, a repurposed Boeing 747 aircraft with the LauncherOne missile under the left wing, as final preparations are made at Cornwall Airport Newquay on January 9, 2023 in Newquay, United Kingdom. Matthew Horwood | Getty Images Virgin Orbit is in final talks to raise money from Texas-based investor Matthew Brown, […]

  • OpenAI GPT major technological advancement since 1980

    Microsoft founder Bill Gates speaks at the Global Fund Seventh Replenishment Conference in New York on September 21, 2022. Mandel Ngan | AFP | Getty Images Microsoft co-founder Bill Gates says OpenAI’s GPT AI model is the most revolutionary technological advancement since he first saw a modern graphical desktop environment (GUI) in 1980. Before that, […]

  • Annual sales are approaching $100 million

    Terran Orbital reported fourth-quarter results on Tuesday, with full-year revenue more than doubling as the company continued to build its backlog. The Irvine, California-based company reported that revenue grew to $31.9 million in the fourth quarter, compared to $27.8 million in the third quarter. Terran Orbital delivered 19 satellites in the fourth quarter, including 10 […]

  • Virgin Orbit struggles to avoid bankruptcy as talks on the deal continue

    Virgin Orbit senior management held daily talks with potential investors over the weekend, people familiar with the matter told CNBC. A potential buyer resisted a proposed sale price of nearly $200 million, one person told CNBC — a price just below the company’s market value as of Friday’s close. Meanwhile, contingency plans are being worked […]

  • Company is cutting another 9,000 employees

    Amazon will lay off another 9,000 employees in the coming weeks, CEO Andy Jassy said in a memo to staff Monday. The cuts come on top of previously announced layoffs that began in November and continued through January. That round included more than 18,000 employees in total, and focused primarily on employees in retail, appliances, […]

  • Google raises the price of YouTube TV to $73 because of the cost of content

    YouTube TV’s price will increase from $65 a month to $73 a month starting in April, according to an email sent to subscribers on Thursday. “As content costs have increased and we continue to invest in the quality of our service, we are updating our pricing to continue to provide you with the best service […]

  • Adobe (ADBE) earnings Q1 2023

    Adobe raised its full-year revenue and net new recurring revenue forecasts from its Digital Media business. The company has faced antitrust scrutiny over its attempted acquisition of Figma. Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017. Abhijit Bhatlekar | Mint | Hindustan Times | Getty Images Shares of […]

  • OpenAI announces GPT-4, says it beats 90% of people on SAT

    Sam Altman, CEO of OpenAI, will be walking from lunch at the Allen & Company Sun Valley Conference on July 6, 2022 in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images OpenAI announced the latest version of its primary major language model, GPT-4, on Tuesday, which it says demonstrates “human-level performance” […]

  • 10,000 extra employees have to be cut during restructuring

    Facebook Chairman and CEO Mark Zuckerberg testifies before the House Financial Services Committee on “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors” at the Rayburn House Office Building in Washington, DC on Oct. 23, 2019. MANDEL NGAN | AFP | Getty Images meta will lay off 10,000 additional workers […]