Brief
OpenAI Acquires Smartphone Camera Startup Glass Imaging for $300M
OpenAI has acquired smartphone camera startup Glass Imaging in a deal reportedly worth over $300 million, adding AI imaging expertise to its portfolio.
Quick updates from our reporters, filed through the day.
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OpenAI has acquired smartphone camera startup Glass Imaging in a deal reportedly worth over $300 million, adding AI imaging expertise to its portfolio.
AI infrastructure company Cornelis raised $205 million to develop open networking technology designed to improve communication between AI chips.
Oracle executive chairman Larry Ellison cancelled a planned sale of 50 million Oracle shares worth about $7.5 billion, the company said.
OpenAI CEO Sam Altman says the company will not pursue an IPO in 2026, calling the current moment unsuitable amid AI safety concerns.
Moonshot AI is targeting $2 billion in annualised revenue by year-end, driven by strong usage and commercial growth from its open-weight Kimi K3 model.
Nscale appointed former OpenAI executive Fidji Simo to its board as the U.K. AI data centre startup prepares for a potential IPO and major fundraising.
Proxima Fusion plans to build a €140 million HTS tape factory in Lower Saxony to secure a critical fusion component currently produced mainly by Asian suppliers.
Google is simplifying password manager switching on Android by enabling direct transfers of passwords and passkeys, eliminating the need for exported CSV files.
The Boring Company raised $3 billion in a UAE-led Series D, valuing it at $23 billion and backing plans to build over 150 km of tunnels in the UAE.
Apple uses AI algorithms and 3D printing to manufacture the iPhone Duo hinge, adding precision and durability protections to its first foldable iPhone.
Legal AI startup Harvey raised $550 million at a $15.5 billion valuation, months after reaching $11 billion, bringing its total funding to more than $1.55 billion.
Shipt launched Ask Shipt, an AI shopping assistant that turns prompts, photos, and budget requests into customised ready-to-buy carts in its app and on its website.
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