News

The Information: A look at Scale AI rival Surge AI, which raised no outside capital, told staff it had $1B+ in 2024 revenue, vs. Scale’s $870M, and has always been profitable  —  For years, data labeling existed in a tucked-away… Read More »A look at Scale AI rival Surge AI, which raised no outside capital, told staff it had $1B+ in 2024 revenue, vs. Scale’s $870M, and has always been profitable (The Information)

Erin Brodwin / Axios: Commure, which provides ambient AI, revenue cycle management, and workflow automation tools for healthcare providers, raised $200M from General Catalyst  —  Health care AI infrastructure startup Commure raised $200 million in growth financing from General Catalyst’s… Read More »Commure, which provides ambient AI, revenue cycle management, and workflow automation tools for healthcare providers, raised $200M from General Catalyst (Erin Brodwin/Axios)

Mike Wheatley / SiliconANGLE: Fleet, which offers open-source device management tools for OSes, various networks, VPNs, and more, raised a $27M Series B led by Ten Eleven Ventures  —  Open device management startup Fleet Inc. wants to become the go-to… Read More »Fleet, which offers open-source device management tools for OSes, various networks, VPNs, and more, raised a $27M Series B led by Ten Eleven Ventures (Mike Wheatley/SiliconANGLE)

Chris Metinko / Axios: Luxembourg-based Tadaweb, an open-source intelligence platform, raised $20M led by Arsenal Growth and ForgePoint, taking its total funding to $40M  —  Tadaweb, an operating system that collects and analyzes public data, raised $20 million, led by… Read More »Luxembourg-based Tadaweb, an open-source intelligence platform, raised $20M led by Arsenal Growth and ForgePoint, taking its total funding to $40M (Chris Metinko/Axios)

Guillaume Grallet / Le Point – High Tech: Q&A with Pavel Durov on his arrest in France, Macron, Russia, the FBI, the fight for Telegram, leaving his wealth to the 100+ children he fathered, and more  —  INTERVIEW.  “Le Point”… Read More »Q&A with Pavel Durov on his arrest in France, Macron, Russia, the FBI, the fight for Telegram, leaving his wealth to the 100+ children he fathered, and more (Guillaume Grallet/Le Point)

Kimberley Kao / Wall Street Journal: Source: OpenAI is changing ChatGPT Enterprise’s pricing structure to include a credits system, moving from a fixed price, to give companies more leeway  —  The new pricing comes amid increasingly heated competition in the… Read More »Source: OpenAI is changing ChatGPT Enterprise’s pricing structure to include a credits system, moving from a fixed price, to give companies more leeway (Kimberley Kao/Wall Street Journal)

Sachi Kitajima Mulkey / New York Times: A new study of 14 open-source LLMs: larger models use exponentially more energy and produce more greenhouse gas emissions, but do not always give better answers  —  When it comes to artificial intelligence,… Read More »A new study of 14 open-source LLMs: larger models use exponentially more energy and produce more greenhouse gas emissions, but do not always give better answers (Sachi Kitajima Mulkey/New York Times)

Reuters: China’s 618 mid-year shopping festival, running for a month from May 13, was a muted affair despite deep discounts, as economic concerns weigh on consumers  —  China’s biggest mid-year shopping festival, 618, ended on Wednesday evening without much fanfare… Read More »China’s 618 mid-year shopping festival, running for a month from May 13, was a muted affair despite deep discounts, as economic concerns weigh on consumers (Reuters)

Jordan Robertson / Bloomberg: How Iranian and Israeli hacking groups spent years sparring online; the US State Department is offering $10M for info on the Iran-linked CyberAv3ngers group  —  As hackers have inserted themselves into the military conflict between Israel… Read More »How Iranian and Israeli hacking groups spent years sparring online; the US State Department is offering $10M for info on the Iran-linked CyberAv3ngers group (Jordan Robertson/Bloomberg)

Andrew R. Chow / Time: An MIT study of 54 ChatGPT users: using it for SAT essays led to the lowest brain engagement and poorer neural performance than using Google or writing unaided  —  Does ChatGPT harm critical thinking abilities? … Read More »An MIT study of 54 ChatGPT users: using it for SAT essays led to the lowest brain engagement and poorer neural performance than using Google or writing unaided (Andrew R. Chow/Time)