An unproven small launch startup is partnering with a severely depleted SPAC trust to do the impossible: go public in a deal they say will be valued at $400 million. Innovative Rocket Technologies Inc. (iRocket) and BPGC Acquisition Corp., a special purpose vehicle company founded by former Commerce Secretary Wilbur Ross, is aiming to close…
A new AI coding challenge has revealed its first winner — and set a new bar for AI-powered software engineers. On Wednesday at 5pm PST, the nonprofit Laude Institute announced the first winner of the K Prize, a multi-round AI coding challenge launched by Databricks and Perplexity co-founder Andy Konwinski. The winner was a Brazilian…
When DeepSeek, Alibaba, and other Chinese firms released their AI models, Western researchers quickly noticed they sidestepped questions critical of the Chinese Communist Party. U.S. officials later confirmed that these tools are engineered to reflect Beijing’s talking points, raising concerns about censorship and bias. American AI leaders like OpenAI have pointed to this as justification…
Google CEO Sundar Pichai says he is “very excited” to supply OpenAI, the search giant’s largest competitor in AI, with cloud computing resources to train and serve the company’s AI models as part of a recently struck partnership. “With respect to OpenAI, look, we are very excited to be partnering with them on Google Cloud,”…
Alphabet and Google CEO Sundar Pichai shared an update on the adoption of consumer-facing AI apps and features, including Google Search’s AI Overviews, Gemini, and AI Mode. On the company’s Q2 2025 call with investors, Pichai shared that AI Overviews — a Google Search feature offering an AI summary of search results available in 200…
India’s financial crime watchdog has filed a complaint against Walmart-backed fashion e-commerce giant Myntra, alleging the company violated foreign investment rules by channeling over $191 million through a related-party scheme that disguised retail operations as wholesale trade. This complaint marks the latest move in a broader crackdown by Indian authorities, which previously targeted Amazon and…
The Trump administration wants its AI technology to be considered an industry leader both on home soil and abroad. But it also doesn’t want the U.S.’s AI prowess to empower or embolden a foreign adversary. That’s quite the balance to strike. If President Trump’s AI Action Plan, which was released on Wednesday, is any indicator,…
The Trump administration published its much-anticipated AI Action Plan on Wednesday, a document that takes a sharp shift away from former President Biden’s cautious approach to addressing the risks of AI, and instead barrels ahead with plans to build out AI infrastructure, cut red tape for tech companies, shore up national security, and compete with China. …
Open source X and Threads competitor Mastodon will begin experimenting with a new way to raise funds: in-app donations. The organization on Wednesday announced it’s launching a campaign that introduces banners inside its Android and iOS apps, prompting users to make a monetary donation. Initially, the feature will be shown only to those on the…
YouTube announced on Wednesday that it’s giving Shorts creators access to new generative AI features, including an image-to-video AI tool and new AI effects. The image to video feature lets users turn a picture from their camera roll into a a six-second video. Users will see a selection of suggestions that are relevant to the…
