Instagram Edits topped 7M downloads in first week, a bigger launch than CapCut’s

April 26, 2025
Instagram Edits, Meta’s newly released video creation app, had a bigger debut than its direct competitor, ByteDance’s CapCut, once did. The new app, which today helps users craft videos for Instagram reels, stories, and other social posts, was downloaded an estimated 702,900 times on iOS devices during its first two days on the market. That’s […]

Musk’s xAI Holdings is reportedly raising the second-largest private funding round ever

April 26, 2025
Elon Musk’s xAI Holdings is in talks to raise $20 billion in fresh funding, potentially valuing the AI and social media combo at over $120 billion, according to a new Bloomberg report that says talks are in the “early stages.” If successful, the deal would constitute the the second-largest startup funding round ever, behind only […]

DoorDash seeks dismissal of Uber lawsuit

April 25, 2025
DoorDash has asked a California Superior Court judge to dismiss a lawsuit filed by Uber that accuses the food delivery company of stifling competition by intimidating restaurant owners into exclusive deals. DoorDash argues in its motion that Uber’s claim lacks merit on all fronts. On a post on its website on Friday, DoorDash said, “the […]

Anthropic sent a takedown notice to a dev trying to reverse-engineer its coding tool

April 25, 2025
In the battle between two “agentic” coding tools — Anthropic’s Claude Code and OpenAI’s Codex CLI — the latter appears to be fostering more developer goodwill than the former. That’s at least partly because Anthropic has issued takedown notices to a developer trying to reverse-engineer Claude Code, which is under a more restrictive usage license […]

Deel files countersuit against Rippling as rivalry escalates

April 25, 2025
In the latest development of an increasingly public dispute between HR and payroll services rivals, Deel has filed a countersuit against Rippling. To recap: Rippling publicly announced on March 17 that it was suing Deel over alleged corporate espionage, with accusations ranging from violation of the RICO racketeering act (typically used to prosecute organized crime) […]

Slate Auto eyes former Indiana printing plant for its EV truck production

April 25, 2025
Slate Auto, the buzzy new EV startup that broke stealth this week, is close to locking in a former printing plant located in Warsaw, Indiana as the future production site for its cheap electric truck, a review of public records shows. The company is expected to lease the 1.4 million-square-foot facility for an undisclosed sum. […]