A startup whose product competes with GitHub Copilot and other AI-powered coding assistants has achieved unicorn status. On Thursday, Codeium said it closed a $ 150 million Series C round led by General Catalyst that values the company at $ 1.25 billion post-money. The round, which also saw participation from existing investors Kleiner Perkins and […]
Microsoft now lists OpenAI as a competitor in AI and search
Microsoft has a long and tangled history with OpenAI, having invested a reported $ 13 billion in the ChatGPT maker as part of a long term partnership. As part of the deal, Microsoft runs OpenAI’s models across its enterprise and consumer products, and is OpenAI’s exclusive cloud provider. However, the tech giant called the startup […]
Circular will pay competitor Oura royalties to sell its smart ring in the US
Smart ring makers Oura and Circular Tuesday announced a settlement in an ongoing patent suit. The agreed-upon terms find the French company entering into a multi-year agreement with Oura, wherein it will license the market leader’s intellectual property for devices sold in the U.S. Financial details of the agreement have been kept confidential. Oura has […]
Quora CEO Adam D’Angelo talks about AI, chatbot platform Poe, and why OpenAI is not a competitor
Last November, Adam D’Angelo found himself at the epicenter of one of the biggest controversies in the tech industry. The board of OpenAI — the $ 80 billion startup leading the AI bandwagon — had abruptly booted its CEO, Sam Altman, only to reinstate him just days later. D’Angelo was on the board that dismissed […]
Snap says total watch time on its TikTok competitor increased more than 125%
As part of its Q1 2024 earning release, Snap revealed that total watch time on its TikTok competitor, Spotlight, increased more than 125% year-over-year. Snapchat launched the TikTok-like feed in late 2020 as a way to compete with the rising popularity of TikTok. The company is touting the success of its short-from video feed a […]