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Elon Musk’s AI company, xAI, launches an API for Grok 3

Billionaire Elon Musk has just been countersued by OpenAI, but that isn’t stopping his AI company, xAI, from making its flagship Grok 3 model available via an API. It has been several months since xAI unveiled Grok 3, the company’s answer to models like OpenAI’s GPT-4o and Google’s Gemini.  Grok 3 can analyze images and respond to questions,...

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Inside the EV startup secretly backed by Jeff Bezos

Jeff Bezos is funding a secretive EV startup based in Michigan called Slate Auto that could start production as soon as next year, according to multiple sources and documents that link the billionaire’s family office to the startup. Slate, which took root in another Bezos-connected company called Re:Build Manufacturing, has been operating quietly since its...

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No, Stripe is not becoming a bank

Last week, details emerged about an application that fintech giant Stripe had submitted for a U.S. banking license. There was a lot of chatter on X about whether this meant Stripe — already the largest privately valued fintech in the world — would now be adding “bank” to the list of descriptions of what it...

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Deep Cogito emerges from stealth with hybrid AI ‘reasoning’ models

A new company, Deep Cogito, has emerged from stealth with a family of openly available AI models that can be switched between “reasoning” and non-reasoning modes. Reasoning models like OpenAI’s o1 have shown great promise in domains like math and physics, thanks to their ability to effectively fact-check themselves by working through complex problems step...

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Instagram is beefing up its search to compete with TikTok

Instagram head Adam Mosseri says the company is looking to improve the app’s search functionality, admitting this is an area where Instagram could do more to compete. The remarks, made on a recent episode of the “Build Your Tribe” podcast, come at a time when younger Gen Z users often turn to social apps like...

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How one tweet wreaked havoc on the stock market

Amid a morning of pandemonium on Wall Street, a popular news aggregator on X, known as Walter Bloomberg, posted a false report declaring that President Trump was considering a 90-day pause on his controversial tariff proposal. This news was not true, and yet, index funds like the Dow Jones whipsawed — rapidly rising, before reversing...