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PrismML, which says its 1-bit LLM achieves radical compression without sacrificing performance, comes out of stealth with $16.25M in SAFE and seed funding (Steven Rosenbush/Wall Street Journal)

Steven Rosenbush / Wall Street Journal : PrismML, which says its 1-bit LLM achieves radical compression without sacrificing performance, comes out of stealth with $16.25M in SAFE and seed funding   —  PrismML says its 1-bit large language model achieves radical compression without sacrificing performance, lowering energy consumption from Techmeme https://ift.tt/dS5AGHo via IFTTT
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Monzo is shuttering its US operations to focus on scaling in the UK and Europe; source: it will lay off ~50 employees and close clients' accounts in June (Aisha S Gani/Bloomberg)

Aisha S Gani / Bloomberg : Monzo is shuttering its US operations to focus on scaling in the UK and Europe; source: it will lay off ~50 employees and close clients' accounts in June   —  Monzo Bank Ltd. is shuttering its US operations after years of failing to gain a foothold on the world's largest market … from Techmeme https://ift.tt/QyzKbu8 via IFTTT

Tel Aviv-based Sett, which builds AI agents to automate game marketing, raised a $30M Series B led by Greenfield Partners, bringing its total funding to $57M (Meir Orbach/CTech)

Meir Orbach / CTech : Tel Aviv-based Sett, which builds AI agents to automate game marketing, raised a $30M Series B led by Greenfield Partners, bringing its total funding to $57M   —  The Israeli startup targets billions spent on user acquisition with agent-based automation.  —  Sett, which develops … from Techmeme https://ift.tt/H98A5fM via IFTTT

Some developers say the App Store review process is taking significantly longer, up to multiple weeks, with an influx of vibe-coded apps as the likely cause (Business Insider)

Business Insider : Some developers say the App Store review process is taking significantly longer, up to multiple weeks, with an influx of vibe-coded apps as the likely cause   —  - Apple's App Store is seeing an influx of new apps each month.  — Developers say the flood of apps is increasing wait times. from Techmeme https://ift.tt/k8uasVA via IFTTT

Midjourney CEO David Holz says the company's revenue "significantly surpassed" $200M in 2023, and has "gone up" since then, despite its declining web traffic (Jemima McEvoy/The Information)

Jemima McEvoy / The Information : Midjourney CEO David Holz says the company's revenue “significantly surpassed” $200M in 2023, and has “gone up” since then, despite its declining web traffic   —  Over much of the past year, David Holz, the 37-year-old founder of Midjourney, has devoted himself to a single task … from Techmeme https://ift.tt/pS0Of1z via IFTTT

Pro-AI group Innovation Council Action, praised by David Sacks, plans to spend $100M+ in the US midterms to drive deregulation and support Trump's AI agenda (Alex Isenstadt/Axios)

Alex Isenstadt / Axios : Pro-AI group Innovation Council Action, praised by David Sacks, plans to spend $100M+ in the US midterms to drive deregulation and support Trump's AI agenda   —  A new pro-AI political operation is jumping into this year's midterms with a plan to spend more than $100 million … from Techmeme https://ift.tt/peFUJgn via IFTTT

A look at Coinbase One and other insurance-like plans for crypto users that typically exclude coverage for many kinds of account hacks, including phishing scams (Bloomberg)

Bloomberg : A look at Coinbase One and other insurance-like plans for crypto users that typically exclude coverage for many kinds of account hacks, including phishing scams   —  When Matthew Allan realized nearly $100,000 in Bitcoin was missing from his Coinbase account, he wasn't too worried. from Techmeme https://ift.tt/SqsYPLX via IFTTT