technology
Mem0 raises $24M from YC, Peak XV and Basis Set to build the memory layer for AI apps
Taranjeet Singh (pictured right) has launched six companies, with some failing and others seeing varying degrees of success. His seventh, Mem0, could be his defining one. The startup starts with the premise that large language models can’t remember past interactions the way humans do. If two people are chatting and the connection drops, they can […]
Apple and Microsoft are now both worth more than $4T
This is the first time Apple’s market capitalization has crossed the $4 trillion mark, making it the third company to ever cross the milestone after Nvidia and Microsoft. Source link
OpenAI completes its for-profit recapitalization
OpenAI has completed its recapitalization, splitting the AI lab into a for-profit corporation nested inside a non-profit foundation. Source link
Amazon to cut 14,000 corporate jobs
Amazon said on Tuesday that it plans to reduce its corporate workforce by 14,000 jobs as it seeks to reduce bureaucracy, remove layers and invest more in its AI strategy. Source link
Adobe Firefly Image 5 brings support for layers, will let creators make custom models
Adobe said on Tuesday that it is launching the latest iteration of its image generation model, Firefly Image 5. The company is also adding features to the Firefly website, support for more third-party models, and the ability to generate speech and soundtracks. Source link
Adobe launches AI assistants for Express and Photoshop
Adobe today released new AI assistants Creative Cloud products, Express and Photoshop, that can help users with image creation and editing. Source link
PayPal partners with OpenAI to let users pay for their shopping within ChatGPT
Paypal said on Tuesday that it is adopting a protocol in combination with OpenAI’s “Instant Checkout” feature to let users pay for their shopping directly within ChatGPT, starting in 2026. Source link
OpenAI offers free ChatGPT Go for one year to all users in India
ChatGPT Go is now free for Indian users under a limited-time promotional offer. Source link
Venture capital is not an asset class, says Sequoia’s Roelof Botha
Sequoia’s managing partner Roelof Botha noted that there are currently 3,000 venture firms in the United States, while there were just 1,000 when he joined Sequoia 20 years ago. Source link
CEO of Alphabet’s X, Astro Teller, on what makes a moonshot
Teller says X has a 2% hit rate, which means that most of the things the company tries don’t work out, and that’s okay. Source link