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
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 …
Levels.fyi: median base-salary offers for US software engineers at VC-backed startups have risen 25% to $200K since 2022; total compensation has risen just 18% — Young tech companies once might have complemented lower salaries with generous equity packages. Now they're upping base pay.
Sources: US prosecutors are exploring whether some prediction market bets, including on the capture of Nicolás Maduro, violated insider trading and other laws — Federal prosecutors in Manhattan are exploring whether certain lucrative bets placed on prediction markets …
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.
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 …
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 …