Deepseek reportedly seeks outside funding for the first time at $10 billion valuation
Deepseek is reportedly ready to give up its independence. The Chinese AI startup is seeking outside backers for the first time, aiming to raise at least $300 million. The shift comes after delayed model releases, top researchers being poached by rivals, and mounting pressure…
Zuckerberg reportedly trades headcount for compute as Meta readies to cut 10 percent of its workforce to fund AI infrastructure
Meta is preparing to cut around 8,000 jobs on May 20, with a second wave planned for later this year. In total, more than 20 percent of the workforce could be let go as the company moves to offset its massive AI spending. The article Zuckerberg reportedly trades headcount for…
OpenAI loses three executives in one swoop as restructuring reshapes its product lineup
Three high-profile executives are walking away from OpenAI. The departures come as the company restructures and doubles down on coding and enterprise customers. The article OpenAI loses three executives in one swoop as restructuring reshapes its product lineup appeared first on…