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Silicon Valley tends to tolerate a certain amount of founder exaggeration when pitching investors, often dismissing it as part of selling a vision. But some choices cross the line and can lead to jail time for founders and scandal for their investors. A case in point is Joseph Sanberg, whose once high-flying fintech startup Aspiration Partners was backed by a …

Palantir has helped the Internal Revenue Service’s Criminal Investigations office probe a variety of financial crimes in the U.S. for much of the last decade, The Intercept reported. The IRS has paid the firm $130 million since 2018 to use its data analysis software to pore over financial records for investigative purposes, the outlet reported citing public records detailing Palantir’s …

XChat, the standalone app for accessing X’s messaging feature, is available to download now for iOS. X first suggested it would be stripping direct messaging from X in 2025, but at least for now, XChat is available in the original X app, the web and this new app. Based on its launch video, the new XChat app offers many of …

Cohere, the Canada-based enterprise AI unicorn, announced Friday that it would merge with the German-based enterprise AI company Aleph Alpha. The deal, which has yet to close, will value the newly formed company at $20 billion, the FT reported. Schwarz Group, one of Aleph Alpha’s top backers, will also invest $600 million in Cohere’s Series E round, which is expected to close …

Series, a social networking app, announced that it raised a $5.1 million pre-seed round, with investors including Venmo co-founder Iqram Magdon-Ismail, Pear VC, Reddit CEO Steve Huffman, and GPTZero founder Edward Tian. The company was founded early last year by Yale students Nathaneo Johnson and Sean Hargrow, both still seniors at the university.  Series considers itself to be a next-generation …

The governor of Maine, Janet Mills, has vetoed a bill that halts the construction of large data centers in the state until the fall of 2027. While the bill passed both houses of the Maine’s legislature on April 14, and Mills has suggested she’d support a temporary moratorium, the governor wanted a bill that would exempt an existing data center …

Weiyao Wang spent eight years at Meta — his first job out of college — helping build multimodal perception systems and contributing to open-world segmentation projects, including SAM3D. His final day at Meta was last week, and he has since joined Thinking Machines Lab. His move to Thinking Machines Lab (TML) comes as the AI startup expands on multiple fronts. …

Have you ever noticed how Walgreens and CVS locations often end up across the street from each other? Well, Call of Duty and Battlefield have a similar thing going on. A mere eight days after the upcoming Call of Duty movie got an official premiere date, lo and behold: There’s news from The Hollywood Reporter that a Battlefield movie is …

X-energy’s stock popped today in its debut on the Nasdaq, opening at $30.11 before closing at $29.20, up 27% over its initial public offering of $23 per share. Investors can’t get enough nuclear power, apparently. Even the initial share price had been revised upward from the $16 to $19 target floated by the company during its investor roadshow. At close, …

The Department of Justice has announced that it’s intervening on the behalf of xAI in the company’s recent lawsuit against the state of Colorado. xAI first filed the suit in early April in response to a recent Colorado law that requires developers of “high-risk” AI systems (for example, ones used in healthcare, employment or housing) to both disclose and mitigate …

ComfyUI, a startup that helps creators control image, video, and audio outputs from diffusion models with a node-based workflow, has raised a $30 million funding round at a $500 million valuation. The round was led by Craft Ventures, with participation from other investors including Pace Capital, Chemistry, and TruArrow. ComfyUI was started as an open-source project in 2023 shortly after …

XChat, X’s stand-alone messaging app, launched to the public on Friday. Initially available on iOS devices, the new app allows users to connect with their X contacts for messaging, file sharing, audio and video calls, as well as group chats. The company first began publicly testing XChat with a small group of beta users earlier this year to get their …