Anysphere, the maker of AI-powered coding tool Cursor, has attracted $900 million in a fresh round of funding led by Thrive Capital, The Financial Times reported, citing anonymous sources familiar with the deal. Andreessen Horowitz (a16z) and Accel are also participating in the round, which values Anysphere at about $9 billion, the report said. Cursor […]
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Temu stops shipping products from China to the U.S.
Chinese retailer Temu has shifted strategy in the face of U.S. tariffs. Through executive order, President Donald Trump has ended the so-called de minimis rule, which allowed goods worth $800 or less to enter the country without tariffs. He’s also increasing tariffs on Chinese goods by more than 100%, forcing both Chinese companies like Shein […]
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AI chatbots are ‘juicing engagement’ instead of being useful, Instagram co-founder warns
Instagram co-founder Kevin Systrom says AI companies are trying too hard to “juice engagement” by pestering their users with follow-up questions, instead of providing actually useful insights. Systrom said the tactics represent “a force that’s hurting us,” comparing them to those used by social media companies to expand aggressively. “You can see some of these […]
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Amazon CEO says 100,000 users now have Alexa+
Amazon’s upgraded digital assistant powered by generative AI, Alexa+, has rolled out to over 100,000 users, CEO Andy Jassy said on the company’s earnings call Thursday. While that’s a far cry from the 600 million Alexa devices out there, the company is making some progress on the rollout of Alexa+, which was first unveiled in […]
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From tech pioneers to ‘extremists’: Belarusian founders face exile and statelessness
In 2013, Tatyana Marynich and Anastasiya Khamiankova opened the doors to Imaguru, a startup hub in Minsk, Belarus that would go on to launch some of Eastern Europe’s most prominent tech success stories. A decade later, they’ve been sentenced ‘in absentia’ to a combined 23 years in prison by Belarusian authorities. Their property has been […]