📉 It's the opposite: Nvidia's Jensen Huang thinks the market's reaction to the release of DeepSeek's open source R1 model, which resulted in Nvidia's stock price plummeting, was misguided and called the AI development "incredibly exciting." Read more
🎙️ Humans on Humane: On today's episode of Equity, the hosts discuss the final days of AI hardware startup Humane and what happens now that it's been partially acquired by HP. They also dive into TechCrunch's DOGE directory, Uber's lawsuit against DoorDash, and more. Listen here
🧑⚖️ Trial time: Opening arguments began today in the criminal trial against fintech founder Charlie Javice. JPMorgan Chase originally filed its lawsuit against Javice, the founder of Frank, back in 2022 when it alleged she faked millions of Frank customers to influence the bank into buying the startup. Read more
🇮🇳 India expansion: Meta announced it was cutting 5% of its workforce last month but that doesn't mean the company isn't expanding. Meta is currently working to set up a new site in Bengaluru, India's tech hub, and is looking to hire for more than 40 roles. Read more
❌ Oops!: Earlier this week, Sakana AI made a claim that its AI system, the AI CUDA Engineer, could speed up the training of certain models by 100x. Users quickly discovered that this revelation wasn't true and now the company is walking back its claim. Read more
🧬 Biotech funds: CircNova is a biotech startup that uses AI to target circular RNA, or a single-stranded RNA molecule that forms a closed circle, to find therapies for conditions that don't currently have treatments. The company just raised a $3.3 million seed round. Read more
