Capital AI

Index reportedly withdrew planned investment in Town over conflict concerns

Upstarts Media reported that Index Ventures dropped plans to invest in AI assistant company Town after Instinct, another Index-backed company, raised a potential conflict-of-interest concern. The report describes Town as raising $90 million at a $1 billion valuation and says the planned investment changed its cap-table arrangements at the last minute. The supplied summary does not identify the final investors or confirm the funding's completion.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Capital AI
Capital AI

Mundo raises $20 million Series A for multimodal AI data work

Vancouver startup Mundo has raised a $20 million Series A led by GreatPoint Ventures, following an earlier unannounced $4 million seed round. The company says it is building datasets and evaluation frameworks for multimodal AI sys...

Pulse 2.0
Capital AI
Capital AI

Thinking Machines Lab is reported to seek more than $1 billion

Thinking Machines Lab, the AI developer led by former OpenAI CTO Mira Murati, is in talks to raise at least $1 billion, according to a Techmeme summary of reporting by The Information. The reported financing would value the compan...

Techmeme
Capital
Capital

Oura files registration statement for proposed Nasdaq IPO

Oura filed an S-1 registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The preliminary prospectus says the company has applied to list the shares on Nasdaq ...

SEC EDGAR
AI Infrastructure
AI Infrastructure

Google begins deploying WeatherNext 3 across weather products

Google DeepMind and Google Research said WeatherNext 3 will begin powering weather experiences in Google Search, the Gemini app, Google Maps, the Google Maps Platform Weather API and Google Earth Engine starting today. The compan...

Google DeepMind
Policy AI
Policy AI

Pentagon official says Anthropic remains a supply-chain risk

A Pentagon official said Anthropic remains a designated supply-chain risk, Bloomberg reported, one day after Commerce Secretary Howard Lutnick said the company had resolved long-running issues with the Trump administration. The ac...

Techmeme
AI
AI

IFM releases six-model K2 Horizon family under Apache 2.0

IFM said it released K2 Horizon, a six-model family ranging from 0.9 billion to 375 billion total parameters, with weights and code under the Apache 2.0 license. The company also said it is publishing intermediate checkpoints, tra...

ifm.ai