LetinAR Scores $18M for the Optics Behind AI Glasses
South Korean startup LetinAR raises $18.5M to scale its PinTILT optical modules, which already power AI glasses and AR helmets as shipments hit 8.7 million units globally in 2025.
Articles Tagged "AI Industry"
OpenAI May Sue Apple as ChatGPT-Siri Deal Implodes
OpenAI hired outside lawyers to explore a breach-of-contract case after its ChatGPT-Siri integration failed to generate anything close to the billions in subscription revenue it expected.
Anthropic and Gates Foundation put $200M on global AI
Anthropic commits $200M in grants, Claude credits, and technical support to the Gates Foundation for AI in global health, education, and agriculture over four years.
Anthropic Tops OpenAI in Business Adoption for First Time
Ramp's May 2026 AI Index shows 34.4% of businesses now pay for Anthropic, edging out OpenAI at 32.3% - the first time Anthropic has led in enterprise adoption.
Altman: Musk Wanted 90% of OpenAI From the Start
Sam Altman testified that Elon Musk demanded majority control of OpenAI from the beginning, with an opening ask of 90% equity - a revelation that reframes the entire lawsuit.
Pwn2Own 2026 Capacity Overflow, Hackers Drop 0-Days Solo
Pwn2Own Berlin 2026 hit a hard submission cap for the first time in 19 years. Rejected researchers are now publishing working zero-days directly, breaking the contest's secrecy norms.
Nvidia Bets $40B on Its Own AI Customers
Nvidia has crossed $40 billion in equity commitments this year, investing in the same AI companies that buy its chips - raising serious questions about circular money flows in the ecosystem.
Cloudflare Cuts 1,100 Jobs as AI Use Surges 600%
Cloudflare cut 1,100 workers - 20% of its staff - while posting record quarterly revenue of $639.8 million, saying AI has made those roles obsolete in just three months.
Meta Earns Record $56B, Cuts 8K Jobs to Fund $145B AI
Meta posted a record Q1 2026 revenue of $56.3 billion on April 29, then announced 8,000 layoffs and raised its AI infrastructure budget to $145 billion - sending the stock down 7% despite the record earnings.
DeepSeek Nears $45B as China's Big Fund Leads Round
China's state semiconductor fund is leading DeepSeek's first-ever VC raise at a $45B valuation, signaling a strategic shift from chip investment to backing AI model labs directly.
SubQ Launches: 12M-Token Context on Sub-Quadratic AI
Subquadratic exits stealth with SubQ, the first frontier model built on a sparse-attention architecture, a $29M seed round, and a 12M-token context window that costs a fraction of Opus.
Sierra's $950M Round and the End of the Call Center
Sierra raised $950M at a $15.8B valuation to put AI agents in charge of customer service for some of the world's largest insurers and banks - and the safety questions are just beginning.
