Fashion startup CaaStle appears to be in trouble

Posted on March 31, 2025 by Techme101

CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and in 2018 became an inventory monetization platform for clothing retailers, is facing financial difficulties, reports Axios. The company is almost out of money, CEO Christine Hunsicker has resigned, and law enforcement is investigating alleged financial misconduct, Axios reported, citing a leaked […]

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OpenAI raises $40B at $300B post-money valuation

Posted on March 31, 2025 by Techme101

OpenAI on Monday announced that it closed one of the largest private funding rounds in history. According to a blog post on the company’s website, OpenAI raised $40 billion in a round that values the company at $300 billion post-money. SoftBank led the financing, CNBC reported. Other participants included Microsoft, Coatue, Altimeter, and Thrive, all […]

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ChatGPT’s new image generator is really good at faking receipts

Posted on March 31, 2025 by Techme101

ChatGPT’s new image generator is raising concerns for being really good at creating fake receipts.

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Sam Altman Says OpenAI Will Release an ‘Open Weight’ AI Model This Summer

Posted on March 31, 2025 by Techme101

The news follows the breakout success of DeepSeek and growing pressure from rivals like Meta.

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AI chipmaker Cerebras announces CFIUS clearance, a key step toward IPO

Posted on March 31, 2025 by Techme101

The government decision helps clear the path for an initial public offering from one of Nvidia’s challengers in artificial intelligence chips.

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Tesla plunges 36% in first quarter, worst performance for any period since 2022

Posted on March 31, 2025 by Techme101

Tesla had its third-worst quarter ever in the first three months of the year, a stretch that’s corresponded with Elon Musk’s time with the Trump administration.

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Wall Street banks got meager payout from CoreWeave IPO

Posted on March 31, 2025 by Techme101

After waiting over three years for a billion-dollar-plus IPO from a U.S. tech company, Wall Street’s top banks only got a 2.8% fee.

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EU Invests €1.3 Billion to Boost AI Adoption & Improve ‘Digital Competencies’

Posted on March 31, 2025 by Techme101

Funding from the EU’s DIGITAL programme will go toward testing “immersive environments” to be used in healthcare for purposes like training and virtual patient assessments.

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Elon Musk’s xAI Acquires X in $45B Deal to ‘Unlock Immense Potential’

Posted on March 31, 2025 by Techme101

The merger will “combine the data, models, compute, distribution and talent” of the two companies, according to Elon Musk. In particular, Grok AI is expected to expand on X.

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Alphabet’s AI drug discovery platform Isomorphic Labs raises $600M from Thrive

Posted on March 31, 2025 by Techme101

Isomorphic Labs, the AI drug discovery platform that was spun out of Google’s DeepMind in 2021, has raised external capital for the first time. The $600 million round was led by Thrive Capital, with participation from GV, and existing investor Google’s parent Alphabet, it said.     The funding will accelerate further development of Isomorphic’s AI […]

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