Luminar secures up to $200M following CEO departure and layoffs

May 22, 2025
Lidar company Luminar reached a deal with Yorkville Advisors Global and another unnamed investor that could bring another $200 million into its coffers through the sale of convertible preferred stock over an 18-month period. The agreement, which was announced in a regulatory filing Wednesday, follows an abrupt change in leadership and layoffs. Earlier this month, […]

Roundtables: A New Look at AI’s Energy Use

May 21, 2025
Big Tech’s appetite for energy is growing rapidly as adoption of AI accelerates. But just how much energy does even a single AI query use? And what does it mean for the climate? Hear from MIT Technology Review editor in chief Mat Honan, senior climate reporter Casey Crownhart, and AI reporter James O’Donnell as they explore AI’s…

Spotify says support for external payments on iOS has already boosted subscriptions

May 21, 2025
Spotify says its ability to direct its customers to external payment links in its iOS app has already had a positive impact on sales. In a newly filed amicus brief in support of Epic Games in its ongoing legal battle with Apple over external payments on the App Store, Spotify claims its internal data indicates […]

LM Arena, the organization behind popular AI leaderboards, lands $100M

May 21, 2025
LM Arena, a crowdsourced benchmarking project that major AI labs rely on to test and market their AI models, has raised $100 million in a seed funding round that values the organization at $600 million, according to Bloomberg. Andreessen Horowitz (a16z) and UC Investments, which manages an investment portfolio for the University of California, led the […]