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

Lidar company Luminar reached a deal with Yorkville Advisors Global and an 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,...

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OpenAI’s next big bet won’t be a wearable: report

OpenAI pushed generative AI into the public consciousness. Now, it could be developing a very different kind of AI device. According to a WSJ report, OpenAI CEO Sam Altman told employees Wednesday that the company’s next major product won’t be a wearable. Instead, it will be a compact, screenless device, fully aware of its user’s...

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Fortnite returns to the US App Store after a five-year gap

Popular battle royale game Fortnite has finally returned to the U.S. App Store amid game maker Epic Games’ lengthy legal skirmish with Apple. As of Tuesday, Fortnite is also available on the Epic Games Store and AltStore in the EU. It’ll show up in App Store searches soon, Epic said in a post on X....

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The latest Google Gemma AI model can run on phones

Google’s family of “open” AI models, Gemma, is growing. During Google I/O 2025 on Tuesday, Google took the wraps off Gemma 3n, a model designed to run “smoothly” on phones, laptops, and tablets. Available in preview starting Tuesday, Gemma 3n can handle audio, text, images, and videos, according to Google. Models efficient enough to run...