Duncan Riley
Latest from Duncan Riley
Shares of Tesla Inc. fell more than 3% in after-hours trading today after the electric car maker beat earnings expectations for its fiscal third quarter on revenue that came in a little under forecasts. Early after-hours gains, which followed a 3.4% rise …
Meta beats on revenue and splits its stock with nonvoting shares to raise capital
Meta Platforms Inc. shares rose about 2% in after-hours trading today after the social networking company beat third-quarter revenue expectations and unveiled nonvoting Class C shares that will act as a two-for-one stock split. For the quarter ended on Sept. 30, Meta …
Year-old AI research lab Flapping Airplanes raises $1B at a reported $6B valuation
Artificial intelligence research lab Flapping Airplanes Inc. today announced it has raised $1 billion in new funding, about a year after it was founded. Investors valued the startup at $6 billion in the deal, Bloomberg reported. No commercial product has come out …
Eka Robotics nets $150M at a $1.45B valuation for robot hands that sense force
Robot dexterity startup Eka Robotics Inc. said today it has raised $150 million in new funding at a reported valuation of $1.45 billion. Eka offers an artificial intelligence model for robotic manipulation that works from force data as well as camera images. …
OpenAI acquires Orchestra Bio to bring AI agents into drug development
OpenAI Group PBC revealed today that it has acquired drug development software startup Orchestra Bio Inc. Orchestra builds artificial intelligence agents that help pharmaceutical teams keep development programs on track,. Its staff and technology will now sit inside OpenAI’s Rosalind life sciences …
DeepSeek open-sources DeepInfer, the inference framework behind its production services
Chinese artificial intelligence startup Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co. Ltd. today open-sourced DeepInfer, the inference framework behind its own production services. The release takes on the cost of serving large models to the public. DeepSeek calls reaching a massive …
Inception says Mercury 3 beats GPT-6 Luna and Claude Haiku 5.5 at up to 8x the speed
Diffusion language model startup Inception AI Inc. today released Mercury 3, its new flagship model. In the company’s own benchmarks, Mercury 3 beat OpenAI Group PBC’s GPT-6 Luna and Anthropic PBC’s Claude Haiku 5.5 on eight of 12 tests at four to …
Homebase launches AI assistant to take on scheduling and payroll for small business owners
Small business team management company Homebase today introduced Homebase Assistant, an artificial intelligence tool for owners who run hourly teams without a back office. Homebase bills it as the only AI built specifically for that market. Assistant targets the desk work that …
Thought Industries’ Lens checks product knowledge for conflicts before customers see it
Customer learning software company Thought Industries Inc. today launched Lens, an artificial intelligence product that checks a business’ product knowledge for conflicts before it reaches customers. Thought Industries Academy, its existing course software, joins Lens in a new Customer Knowledge AI Platform. …
SmartBear’s BearQ adds Sources to find coverage gaps and Workflows to automate test runs
Software testing company SmartBear Software Inc. is pushing its BearQ agentic quality assurance system beyond test automation with two new capabilities released today. Both additions target the part of quality assurance that artificial intelligence has made more difficult by speeding up coding. …