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Fastino trains AI models on cheap gaming GPUs and just raised $17.5M led by Khosla

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Tech giants like to boast about trillion-parameter AI models that require massive and expensive GPU clusters. But Fastino is taking a different approach. The Palo Alto-based startup says it’s invented a new kind of AI model architecture that’s intentionally small and task-specific. The models are so small they’re trained with low-end gaming GPUs worth less […]

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Stripe unveils AI foundation model for payments, reveals ‘deeper partnership’ with Nvidia

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Fintech giant Stripe announced Wednesday a slew of new product launches at its annual Stripe Sessions user event. The highlights include a new AI foundation model for payments; stablecoin-powered accounts; a new Orchestration offering, and a recent migration with chip behemoth Nvidia. Stripe’s payments foundation model has been trained on tens of billions of transactions,

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Tesla’s ‘Robotaxi’ and ‘Cybercab’ trademarks hit roadblocks ahead of June launch

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Tesla’s attempt to trademark the term “Robotaxi” in reference to its vehicles has been refused by the U.S. Patent and Trademark Office for being too generic, according to a new filing. Another application by Tesla to trademark the term “Robotaxi” for its upcoming ride-hailing service is still under examination by the office. In addition, applications

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Kapor Capital’s managing partner Ulili Onovakpuri is leaving the firm

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Kapor Capital’s managing partner Ulili Onovakpuri said yesterday that she is leaving the firm.  Onovakpuri started as a principal at Kapor Capital more than a decade ago, and rose through the ranks to become managing partner, and eventually (with Brian Dixon) took over the reins from the firm’s co-founders Mitch Kapor and Freada Kapor Klein. 

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Amid Greek tech boom, a prominent seed-stage firm locks down €75 million

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Marathon Venture Partners, a venture firm in Athens that prides itself on being “day one partners to Greek tech partners,” just closed its newest fund with €75 million in capital commitments, according to partner Panos Papadopoulos. The vehicle brings the firm’s total assets under management to €175 million — a meaningful amount for an eight-year-old,

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Hugging Face releases a free Operator-like agentic AI tool

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A team at Hugging Face has released a freely available, cloud-hosted computer-using AI “agent.” But be forewarned: It’s quite sluggish and occasionally makes mistakes. Hugging Face’s agent, called Open Computer Agent, is accessible via the web and can use a Linux virtual machine preloaded with several applications, including Firefox. Similar to OpenAI’s Operator, you can

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Rivian earnings: EV maker cuts delivery guidance because of Trump’s tariffs and trade wars

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Rivian said in its earnings report Tuesday it will likely deliver fewer vehicles this year than previously forecasted due to President Trump’s tariffs and other regulatory changes, making it the latest automaker to be affected by the new administration’s chaotic economic policies. The company said Tuesday it expects to deliver between 40,000 and 46,000 EVs

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