CoreWeave says it has a new $650M credit line and has raised $12.7B from equity and debt investors in the past 18 months — CoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to expand its business and data center portfolio.
Some developers say OpenAI's GPT Store is a mixed bag, with revenue sharing reserved for a tiny number of GPT creators in an invite-only pilot program in the US — OpenAI promised payouts to custom GPT creators. Now most are turning to outside sources for revenue.
Report: 47% of traditional hedge funds have crypto investments, up from 29% in 2023; among who already invested in crypto, 33% plan for more by the end of 2024 — - That's up from 29% last year, per new AIMA and PwC report — Many traditional hedge funds are active in crypto derivatives
ByteDance confirms laying off hundreds of TikTok content moderators in Malaysia and plans to invest $2B in 2024 on trust and safety; sources: 700 were laid off — KUALA LUMPUR — ByteDance, the parent company of social media platform TikTok, confirmed on Friday that it will be laying off hundreds …
How Google plans to deflect and delay the US breakup threat; legal timelines may let it avoid changes for years, and a ruling on remedies may come in mid-2025 — Search group claims regulators are overreaching just as foreign and domestic rivals are gaining ground
Automattic demanding an 8% cut of WP Engine's revenue is a wanton violation of general open source ideals, and the damage could extend far beyond WordPress — Automattic demanding 8% of WP Engine's revenues because they're not “giving back enough” to WordPress is a wanton violation …
Financial Times : Russian cryptocurrency payment network A7 expands to Africa, as Moscow builds an alternative payments system amid weste...
