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The InformationValleyAI Agent Startup Instinct in Talks for $10 Billion Valuation The startup behind personal AI assistant Instinct is in talks to raise $1 billion at a valuation of about $10 billion, a person with knowledge of the deal said. The Information reported earlier this month that the startu
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The InformationValleyMeta Joins Tech’s AI-Fueled Subscription Rush When it comes to product names, companies tend to move in packs. In video streaming, almost every company included a plus sign in the name brands of their services (Disney+, Paramount+, Apple TV+—you get the picture). In
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The InformationValleyAnthropic, OpenAI ‘Pacing’ Spooks Some Startup Customers It’s not clear what impact the pledges by Anthropic and OpenAI to slow the pace of AI development will have on their upcoming public offerings. But the comments are having real effects already: more people outside Silico
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The InformationValleyOpenAI in Early Talks for New Funding Round at $1.2 Trillion Valuation OpenAI has held early conversations with investors about a new funding round that could lift its valuation to $1.2 trillion or higher, according to people familiar with the conversations. The conversations come as OpenAI
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The InformationValleyMicrosoft Raises Dividend 8% Microsoft said Tuesday it will raise its quarterly dividend to 98 cents per share, up from 91 cents, beginning in December. The company previously raised its dividend by 10% a year ago. Microsoft’s stock was roughly flat
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The InformationValleyMeta to Launch Camera-Free Smart Glasses Amid Mounting Privacy Concerns Meta Platforms plans to release a camera-free pair of smart glasses this fall, according to people familiar with the matter, as it looks to expand its hardware lineup amid privacy concerns about cameras on its existing o
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The InformationValleySalesforce Unveils New AI Model, Agent Security Tools at Dreamforce At the opening of its annual Dreamforce customer conference, Salesforce signaled its involvement in two major trends in enterprise AI: Open-source AI models and software that helps corporate customers safely run AI agent
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The InformationValleyMeta Rolls Out New ‘Meta One’ Subscription Plans With Higher AI Usage Limits Meta Platforms is expanding its paid subscription offerings for its AI tools across Instagram, WhatsApp and Facebook as it looks to diversify revenue beyond digital advertising. The company announced Tuesday in a blog po
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The InformationValleyWhy Anthropic’s Data Policy Drama Is Good for OpenAI Major Anthropic customers are still waiting to get “zero data retention” for the newest Fable AI models, meaning the AI firm would not store data related to their usage of its models. In the meantime, some are turning to
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The InformationValleyDevelopers Find Ways to Use Claude Code Without Anthropic Models Boris Cherney , the head of Anthropic’s coding tool Claude Code , last month found himself in the middle of an online spat that highlighted how some developers are finding workarounds to using Claude Code with cheaper no
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The InformationValleyByteDance’s First-Half Profit Drops to $20 Billion, Weighed Down by AI Spending ByteDance’s net profit in the first half of this year declined by a single-digit percentage to $20 billion, as the Chinese tech giant ramped up its investments in AI, according to three people with knowledge of the finan
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The InformationValleyChinese AI Chip Firm Biren Plans $1 Billion Fundraising Chinese AI chip designer Shanghai Biren Technology is considering raising around $1 billion through a stock offering, Bloomberg reported on Tuesday, citing people familiar with the situation. Biren, which develops graphi
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The InformationValleyTrump Skewers AI Leaders’ Calls for Slowdown President Trump on Monday shot down calls by AI leaders to slow down the pace of development. In a series of social media posts, Trump called claims about AI’s risk to humanity a “hoax,” and equated it with other views h
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The InformationValleyOpenAI Said to Buy Startup Glass Imaging for $300 Million OpenAI has bought Glass Imaging, a startup developing higher quality cameras for smartphones, in a deal valued at $300 million, according to the Wall Street Journal. The startup, founded by ex-Apple employees, was valued
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The InformationValleyWall Street Delivers Verdict on AI Slowdown’s Winners and Losers Guess who likes the idea of an AI development slowdown? Software investors! Stocks of enterprise software firms, such as Salesforce, Shopify, ServiceNow and Figma, all gained ground on Monday—ServiceNow jumped 7%, for in
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The InformationValleyDefense Startup Shield AI in Talks for Valuation of at Least $20 Billion Shield AI, a startup building drones and AI-powered software for the military, is in talks to raise new funds at a valuation of at least $20 billion, according to a person with knowledge of the fundraise. The funding rou
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