This AI founder’s audacious plan to buy out his own VCs
Now that the AI clickworker startup Invisible Technologies is wildly successful, its founder and CEO is buying out his VCs – and is borrowing against the company to do so.
Iain Martin, Forbes Staff
Atlassian-backed AI avatar startup raises $180m to make corporate videos less boring
Synthesia helps companies like DuPont, Xerox and Spirit Airlines turn dry training manuals into videos with its AI avatars. It’s now valued at $2.1 billion after a new raise.
Meta blindsided fact checkers with plan to cancel program
Many fact-checkers got less than an hour’s notice that Meta planned to replace the work they do with X-style community notes. Some had signed new contracts just weeks earlier.
European AI unicorn pivots to launch fleet of killer drones
Helsing built a $4.5 billion business on a pledge to transform Europe’s militaries with software, not hardware.
This Swedish start-up raised $84 million to build an army of AI agents
AI startup Sana just raised $55 million at a $500 million valuation to help companies make sense of their data, and build their own artificial intelligence agents.
OnlyFans billionaire owner pockets $472 million dividend
A marked increase in non-subscription revenue resulted in a fat payout for the platform’s sole owner Leonid Radvinsky.
Restraining orders and dumbfounded investors: Ryan Breslow’s $450 million Bolt round in chaos
The Bolt founder claimed a group of investors had signed off on the company’s chaotic $450 million raise, but some said they hadn’t. Now, BlackRock and other investors have moved to stall the round.
This startup bought up Imgur, Genius and Amino. Why are they all suing?
Whisper cofounder Michael Heyward’s second company made a $1.1 billion business out of acquiring floundering startups like Imgur, Genius and Kik. Then came the lawsuits.
Billionaire Palmer Luckey sues contractor after being trapped in his mansion’s car elevator
The Anduril founder has sued the construction company who led a $2.5 million project to turn the property next to his Newport Beach, California, home into a giant garage.
The Candy Crush guys are secretly building a new startup
After selling Candy Crush developer for $5.9 billion, one cofounder Sebastian Knutsson has a new gaming startup.