AI-powered search startup Perplexity is said to be in early talks to raise up to $1 billion in a new funding round valuing the startup at $18 billion. Bloomberg, citing a person familiar with the matter, reported on Thursday that Perplexity’s annual recurring revenue has now reached $100 million. Perplexity’s valuation has soared in recent […]
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As Apple’s Siri comes under attack for failing at the most basic queries, the company is shaking up leadership in charge of Apple’s AI features for Siri. According to Bloomberg, Apple CEO Tim Cook is installing Mike Rockwell, the current VP of the Vision Products Group (the team behind the Vision Pro), to head up […]
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Germany’s Munich Re has signed a definitive agreement to acquire digital insurance company Next Insurance for $2.6 billion, the firms announced on Thursday. Founded in 2016, Palo Alto-based Next Insurance is focused on providing insurance to small-to-medium-sized businesses. It was last valued at $2.5 billion in late 2023 when it raised $265 million. Next Insurance’s […]
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Honda and its luxury brand, Acura, are set to join the growing list of automakers providing EV owners access to Tesla’s Supercharger network in North America. Starting in June, owners of the Honda Prologue and Acura ZDX electric vehicles will be able to charge at Tesla’s stations. Those EVs are built with CCS charging ports […]
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