Factory CEO accuses VC board advisor of spying for Cognition

Factory CEO accuses VC board advisor of spying for Cognition

Matan Grinberg, co-founder and CEO of AI coding startup Factory, recently made headlines by firing VC Chris Degnan from his position as a board advisor. This dramatic fallout follows allegations that Degnan shared confidential information with Factory’s biggest competitor, Cognition.…

Cheap mobiles may suffer as AI demands more chips

Cheap mobiles may suffer as AI demands more chips

Manufacturers are finding it increasingly difficult to produce smartphones aimed at budget-conscious consumers, leading to a significant contraction in this market as the decade unfolds. According to Counterpoint Research’s latest forecast, the availability of smartphones priced under $200 could plummet…

AI voice company ElevenLabs sees valuation rise to $22 billion

AI voice company ElevenLabs sees valuation rise to $22 billion

ElevenLabs recently revealed that employees can cash out a portion of their vested equity at a $22 billion valuation. This figure represents a significant jump from the company’s earlier valuation of $11 billion, reached in February after raising $500 million.…

The harsh realities of consumer AI economics

The harsh realities of consumer AI economics

This week saw a flurry of activity in consumer AI, notably with the rise of Meta’s personal assistant, Muse, and its delightful mascot, Jolly. OpenAI’s Dots launched yesterday, focusing on being a personal assistant. Meanwhile, the Instinct assistant has grabbed…

OpenAI's New Product Flops During Live On-Stage Demonstration

OpenAI’s New Product Flops During Live On-Stage Demonstration

OpenAI introduced its latest AI agent, Dots, at the annual DevDay conference in San Francisco on Tuesday, but the live demonstration revealed significant issues. Holly Li, a member of the OpenAI product team, tried to showcase Dots’ capabilities during the…