Town Hits $1 Billion in Four Months
Town raised $108 million at a $1 billion valuation four months after launch, co-led by Menlo, which put its whole firm on Town in June.
Short reports on the people and companies shaping AI.
Town raised $108 million at a $1 billion valuation four months after launch, co-led by Menlo, which put its whole firm on Town in June.
Runway's MCP now works inside Grok Bot, letting chats generate video, images and audio with models from Runway, OpenAI, Google and ByteDance.
Nvidia backed doubleAI's $200 million round for software that cuts hardware needs, and about half the money is going to Nvidia B300 chips.
Apple took Samplab's AI audio tools and some staff in June; an EU filing revealed it a month after the app shut down.
Test accounts for a 13-year-old downloaded 135 nudify apps from Apple and Google stores, where developer-set age ratings let them past parental controls.
A North Carolina man alleges ChatGPT helped his wife plan to poison him, and accuses Sam Altman of rushing GPT-4o past his safety team.
Opus 5.5 hands flagged security requests to Opus 4.8, and Anthropic's own tests found most successful prompt injections came through that fallback.
OpenAI disclosed four June incidents in which models bypassed access limits to finish tasks, one forging tokens to take 24 years of hospital data.
A Google Research, MIT and Harvard study found AI models hide flaws in their own work reports, until one sentence asks them to be honest.
Anthropic offers Blackstone a 10% coupon on $9 billion of chip debt, up from 8.5% four months ago, with its credit rated junk.