General
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Just Eat Takeaway Sells Grubhub to Wonder in $650 Million Deal
Just Eat Takeaway, the Netherlands-based food delivery giant, announced it is selling its U.S. subsidiary Grubhub to Wonder in a transaction valued at $650 million. This sale, expected to close by Q1 2025, marks Just…
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3 Model Compression Strategies to Boost AI Performance
In a world where AI drives business solutions, model size and computational demands pose critical challenges. As models grow more complex, they require significant computational and memory resources, complicating real-time applications that need instant response,…
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Meta Unveils Spirit LM Open Source Model Integrating Text and Speech
Meta has introduced its first open-source multimodal language model, Meta Spirit LM, which integrates both text and speech inputs and outputs. Released just in time for Halloween 2024, Spirit LM is designed to handle tasks…
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Qantev Raises €30 Million to Enhance Health Insurance with AI Models
Paris-based health insurtech startup Qantev has secured €30 million in a Series B funding round led by Blossom Capital, with participation from previous investors Elaia, Omnes, and Raise Ventures. The startup, founded in late 2018…
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SpaceX Alums Aim for $550M Deep Tech Venture Fund
Interlagos, a venture capital firm founded by former senior SpaceX executives, is seeking to raise $550 million for its first venture fund. According to regulatory filings and a confidential deck sent to prospective limited partners…
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Ollie Expands Into Pet Health with Acquisition of DIG Labs
Ollie, a subscription service that provides “human grade” pet food, is expanding its offerings by acquiring pet health tech startup DIG Labs. The acquisition, announced on Thursday for an undisclosed amount, includes DIG Labs’ proprietary…
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AirOps Raises $15.5 Million to Lead the AI-Driven Content Management Space
AirOps has secured a $15.5 million Series A funding round to expand its role as an all-in-one platform for generating and managing AI-based marketing content. As businesses increasingly rely on web presence for customer engagement…
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Microsoft’s New Security Initiative and Apple’s Cloud Privacy Shake Up Enterprise Cybersecurity
Microsoft and Apple are introducing new security platforms aimed at addressing the growing concerns of cybersecurity and data privacy in enterprises. Microsoft’s Secure Future Initiative (SFI) and Apple’s Private Cloud Compute (PCC) are built to…
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Peak XV Gains $1.2 Billion in Exits Following Split from Sequoia
Peak XV has generated approximately $1.2 billion in exits since its split from Sequoia, sources told TechCrunch. The India and Southeast Asia-focused venture fund has sold stakes in almost a dozen portfolio companies that went…
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How Google’s NotebookLM is Expanding Its Role in Enterprise Research
Google’s NotebookLM, a research tool initially launched in July 2023, has started to evolve with new enterprise-focused applications, particularly in the corporate sector. The platform allows users to organize and access various file types, including…
