Startups2 min read
Snap says its $400M deal with Perplexity ‘amicably ended’
Snapchat and Perplexity have amicably ended their partnership deal, which would have integrated Perplexity's AI search engine into Snapchat.
Read on TechCrunch →Chinese AI lab DeepSeek is reportedly seeking a $45 billion valuation in its first investment round, following the success of its large language model launched in early 2025.
Why it matters
This article highlights the significant financial interest and potential valuation of emerging AI companies outside of the dominant US players. DeepSeek's success in developing a cost-effective large language model suggests a growing global competition in AI development and could indicate a shift in the landscape of AI innovation and investment.
A Chinese AI company called DeepSeek is trying to raise a lot of money and wants to be valued at $45 billion. They made a smart language AI that was cheaper to build than ones from big American companies.
Snapchat and Perplexity have amicably ended their partnership deal, which would have integrated Perplexity's AI search engine into Snapchat.
Read on TechCrunch →AI evaluation startup Braintrust experienced a data breach, prompting them to advise all customers to rotate sensitive API keys.
Read on TechCrunch →Khosla-backed robotics startup Genesis AI has unveiled its foundational AI model, GENE-26.5, and demonstrated its robotic hands performing complex tasks, signaling a full-stack approach to robotics.
Read on TechCrunch →