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A TikTok Alternative Hits 380K Users After U.S. Deal Drama - Professional coverage
PrivacySoftwareStartups

A TikTok Alternative Hits 380K Users After U.S. Deal Drama

According to TechCrunch, the TikTok alternative Skylight has soared to over 380,000 users following a surge in signups over the…

Leidos Bets $2.4 Billion on the Power Grid Boom - Professional coverage
DataSoftwareTechnology

Leidos Bets $2.4 Billion on the Power Grid Boom

According to Manufacturing.net, defense and technology contractor Leidos has signed a deal to acquire engineering firm ENTRUST Solutions Group for…

Google Cloud gaming boss says AI is your Iron Man suit - Professional coverage
AIInnovationSoftware

Google Cloud gaming boss says AI is your Iron Man suit

According to TechSpot, Jack Buser, the global director for games at Google Cloud, is pushing the narrative that AI tools…

AIBusinessStartups

Genspark AI Nears $200M Funding Round, Valuation Could Surpass $1 Billion

Artificial intelligence startup Genspark is in advanced talks to secure over $200 million in new funding, according to sources familiar with the matter. The funding round could more than double the company’s valuation to over $1 billion, signaling strong investor confidence in the AI agent space.

Substantial Funding Round in Progress

AI startup Genspark is reportedly in negotiations to raise over $200 million in a new funding round that would value the company at more than $1 billion, according to sources who spoke with Forbes. This development comes just months after the company closed a $100 million Series A round that valued the Palo Alto-based firm at $530 million, indicating rapid growth in investor confidence.

AIBusinessTechnology

Meta’s AI Division Implements Workforce Reductions to Accelerate Decision-Making

Meta’s artificial intelligence division is undergoing significant restructuring with 600 layoffs in its Superintelligence Labs. According to internal communications, the company aims to enhance operational efficiency through these workforce reductions. The moves come as major tech companies continue optimizing their AI research organizations.

Major Workforce Reduction in Meta’s AI Research Division

Meta Platforms has confirmed the elimination of 600 positions within its Meta Superintelligence Labs division, according to reports from internal company communications. The job cuts represent a significant restructuring of the company’s artificial intelligence research operations as tech giants continue to optimize their AI organizations.

BusinessSoftwareTechnology

Key Market Movers: Tesla Earnings Anticipation, Netflix Slips on Results, DraftKings Gains

Netflix shares fell in premarket trading following a Q1 earnings miss reportedly tied to a Brazilian tax dispute. Tesla edged higher as investors await its earnings report after the bell. DraftKings surged on news of a strategic acquisition in the prediction-markets space.

Netflix Shares Decline Following Earnings Report

Shares of streaming giant Netflix dropped more than 7% in premarket trading Wednesday, according to market analysis, after the company released quarterly results that fell short of expectations. The report states that the earnings miss was partly attributed to an expense related to ongoing disputes with Brazilian tax authorities. This development comes as the streaming industry faces increased competition and content cost pressures globally.