SoCal’s defense startups secure vital funding boost

SoCal’s defense startups secure vital funding boost

[ad_1] A bill restoring crucial federal funding to defense startups in Southern California is on its way to the president’s desk after making it through Congress on Tuesday. The Small Business Innovation and Economic Security Act was passed following a months-long impasse over funding the Small Business Innovation Research (SBIR), the Small Business Technology Transfer…

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Anduril set to acquire Orange County space surveillance company

Anduril set to acquire Orange County space surveillance company

[ad_1] Southern California defense tech darling Anduril Industries has struck a deal to buy Orange County space surveillance firm ExoAnalytic Solutions. The purchase for an undisclosed sum is meant to boost Anduril’s capabilities in space domain awareness, battle management and fire control. With the deal, Anduril will absorb ExoAnalytic’s network of 400 commercial telescopes around…

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Netflix buys Ben Affleck’s AI film tech company, InterPositive

Netflix buys Ben Affleck’s AI film tech company, InterPositive

[ad_1] In 2022, Ben Affleck became so fixated on AI in film production that he quietly launched his own film tech company, InterPositive. Netflix brought the startup into the spotlight Thursday morning as it announced the full acquisition of the company. InterPositive’s mission, which focuses on developing “AI-powered tools built by and for filmmakers” and…

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AI actor Tilly Norwood’s world is expanding with the ‘Tillyverse’

AI actor Tilly Norwood’s world is expanding with the ‘Tillyverse’

[ad_1] The digital world of the first AI actor, Tilly Norwood, is expanding. AI talent studio Xicoia, which created Norwood, has announced plans for a “rapid expansion” for the digitized actor. The developments include a digital universe dubbed the “Tillyverse,” where ”Tilly and a new generation of AI characters will live, collaborate and build careers.”…

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Trump orders federal agencies to stop using Anthropic’s AI after clash with Pentagon

Trump orders federal agencies to stop using Anthropic’s AI after clash with Pentagon

[ad_1] President Trump on Friday directed federal agencies to stop using technology from San Francisco artificial intelligence company Anthropic, escalating a high-profile clash between the AI startup and the Pentagon over safety. In a Friday post on the social media site Truth Social, Trump described the company as “radical left” and “woke.” “We don’t need…

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Block to cut more than 4,000 jobs amid AI disruption of the workplace

Block to cut more than 4,000 jobs amid AI disruption of the workplace

[ad_1] Fintech company Block said Thursday that it’s cutting more than 4,000 workers or nearly half of its workforce as artificial intelligence disrupts the way people work. The Oakland parent company of payment services Square and Cash App saw its stock surge by more than 23% in after-hours trading after making the layoff announcement. Jack…

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Outside group spends $4.8 million on TV ads backing San Jose Mayor Matt Mahan for governor

Outside group spends .8 million on TV ads backing San Jose Mayor Matt Mahan for governor

[ad_1] An independent expenditure committee backed by Silicon Valley executives spent $4.8 million on television ads supporting San Jose Mayor Matt Mahan’s gubernatorial bid that will begin airing Thursday. The two 30-second ads highlight the Democrat’s life story — being raised in a working-class family and working on a grounds crew and as a middle…

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Uber unveils new services as it prepares to bring robotaxis to L.A. soon

Uber unveils new services as it prepares to bring robotaxis to L.A. soon

[ad_1] Uber announced a new set of services to support ride-hailing for autonomous vehicles ahead of its planned launch of robotaxis in Los Angeles in the coming months. Uber’s new program, called Uber Autonomous Solutions, aims to give robotaxi ventures easy access to Uber’s customers, software and infrastructure. Participating companies would get access to Uber’s…

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