Business Insider

MemGPT helps users "build LLM agents with long-term memory and custom tools."

Felicis Ventures leads $10 million round in AI startup MemGPT at a $70 million valuation, sources say

PE firms and acquihires are upending how deals typically get done for startups.

The startup landscape for deals is drastically changing

Get ready for Frankenstein startups. Venture investors see a wave of private-equity buyouts and roll-ups as corporate acquisitions dip.

A private-equity takeover is coming for startups

The cryptocurrency industry is rare in that the strong returns from Bitcoin and Ether allow investors to avoid the early-stage risks they must take in other industries, according to a venture capitalist (VC). “VCs have slowed investing in crypto by a lot, and it’s a bit of a nuanced reason,”...

VC firms are slowing down crypto investments for a ‘nuanced reason’ — Venture capitalist

Palantir Technologies and Microsoft announced a partnership to provide the U.S. government with artificial intelligence (AI) and cloud capabilities. The companies said the U.S. defense and intelligence community will have access to Microsoft's cloud and AI offerings, including OpenAI's models, as well as Palantir's AI Platform. Shares of Palantir surged...

Palantir Stock Surges on Microsoft Partnership Bringing AI to US Government Agencies

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

New York Post

Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.

The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company’s fourth-quarter results, said the sources, who were not authorized to speak publicly.

Reuters exclusively reported the job cuts that San Jose, California-based Cisco announced in February, prior to the company announcing it.



Stellantis to cut nearly 2.5K union workers as Ram...

Cisco axing thousands of jobs in second round of layoffs amid shift to AI: report

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Denver, CO

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David Heitz

No, pallet shelters for people experiencing homelessness don’t fold into caskets. It’s a question a reader posed one of the first times I wrote about pallet shelters. I find the pallet shelters to be more palatable than ice fishing tents. The Colorado Village Collaborative operates both micro-communities and the so-called Safe Outdoor Spaces with the tents. We all learned the tents are not safe when a fire roared through a CVC Safe Outdoor Space, destroying the compound quickly. Officials never disclosed a cause of the fire.

Opinion: No, pallet shelters for homeless in Denver, Aurora don’t fold into caskets

J. Souza

A retired military officer who had been struggling with post-traumatic stress disorder (PTSD) tragically died after jumping from the world’s largest cruise ship last month, authorities confirmed.

Cruise Passenger Who Jumped from World's Largest Ship After Dispute Suffered with PTSD

From huge stores of customers’ personal information getting scraped, stolen and posted online, to reams of medical data covering most people in the United States getting stolen, the worst data breaches of 2024 to date have already surpassed at least 1 billion stolen records and rising. These breaches not only affect the individuals whose data was irretrievably exposed, but also embolden the criminals who profit from their malicious cyberattacks.

The biggest data breaches in 2024: 1 billion stolen records and rising

Chinese startup Human Horizons, the company behind the HiPhi performance EV brand, has filed for pre-bankruptcy restructuring, Bloomberg reported on Friday. Human Horizons filed an application for restructuring with a court in Yancheng, the eastern Chinese city where its factory is located, saying its assets could no longer cover debt as of April, according to the report, which cited court documents dated Aug. 9. This comes after failed attempts by Human Horizons to seek additional funding, according to Chinese media reports.

Chinese EV startup Human Horizons files for bankruptcy

Georgia State

Daily Coffee Press

The chances for the tropical wave in the Atlantic developing have now risen to 80% over the next seven days. The National Hurricane Center (NHC) has advised that this disturbance could become the next tropical storm or hurricane within the coming days, potentially targeting the U.S. East Coast.

Tropical Wave That Could Impact Georgia Now Has 80% Chance of Development

Ten Dell employees told Business Insider that they are bracing for further rounds of layoffs as the company rolls out its new AI strategy.

Dell staff say they aren't surprised about layoffs following its AI pivot

Entrepreneur

Anish Dhar, co-founder and CEO of Cortex, got the idea for the project management platform while he was an engineer at Uber.

He Spent a Weekend Working on His Side Hustle in an Airbnb. Then a 'Big Breakthrough' Led to $53 Million — and Counting.

As one of the drivers of the generative artificial intelligence boom, Nvidia chief executive Jensen Huang is looking to a future in which everyone has their own AI. The next wave, Huang said, is enterprise AI, where everyone at a company “will have an AI assistant.”. “We hope that...

Nvidia CEO Jensen Huang teased what AI's next wave will be — and we may all end up with robot assistants

Massachusetts State

Dianna Carney

Sandy Paws Rescue Inc., a foster-based rescue organization in Massachusetts, recently shared their furry friends who have been waiting the longest to find their forever homes. From a puppy who is housebroken and loves toys to a little five-year-old dog who is a great snuggle buddy and loves other dogs, each dog is unique but has one thing in common- they need a family who will love them. Get to know these five great dogs below, and don't forget to leave a comment to let me know which pup stole your heart!

Local Animal Rescue Shares Dogs Who've Been Looking For Love The Longest

The problem is the summaries that AI produces aren’t always very useful. Beyond the obvious joke applications, like an AI summary of the Mt. Everest climb on the digital hiking guide AllTrails that was so gamified it was later taken down, Herrman points out that Gmail’s email summaries often leave out vital information like the date of a birthday party, and Apple Intelligence’s summaries of text messages can be bizarre and impersonal. Read the full thing here.

What is AI good for anyway? Maybe not summarizing

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Crucial Warning Issued to XRP Community in Wake of This Ripple Announcement

Twilio has underperformed the broader market this past year, but it has started gaining momentum. Its integration of AI could help it win more business, and the stock remains cheaply valued. This cloud computing company could witness an improvement in growth thanks to the rising adoption of AI. The proliferation...

1 Incredibly Cheap Artificial Intelligence (AI) Stock to Buy Before It Skyrockets

NewsBreak

Euro VCs welcome Balderton’s fresh $1.3B but grumble about Europe’s AI misses

It’s also a further indication that European VC is picking up after a lackluster couple of years following the ZIRP and post-COVID-driven bull-run of 2021 and2022....

Euro VCs welcome Balderton’s fresh $1.3B but grumble about Europe’s AI misses

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