MENLO PARK, CA - DeepSeek, a Chinese AI startup, has rapidly ascended to the top of Apple's App Store charts in the UK, US, and China following its launch on President Donald Trump's inauguration day. This swift rise has raised concerns among tech experts and free-speech advocates, with some labeling it as AI's "Sputnik moment." The application, powered by the DeepSeek-V3 model, functions similarly to ChatGPT, generating human-like responses to user prompts. Notably, … [Read more...]
Chat.com Purchased by Artificial Intelligence Company OpenAI for Over $15 Million
SAN FRANCISCO, CA - It was revealed this week that “chat.com” was purchased by San Francisco, California-based artificial intelligence (AI) research organization OpenAI for over $15 million, marking the third time the domain has changed hands in just two years. HubSpot founder Dharmesh Shah originally purchased Chat.com last year for $15.5 million; he then flipped it for an unspecified amount reported to be “well over $15 million” – with the entrepreneur writing at the … [Read more...]
Domain Registrar, Site Builder Squarespace Purchased by Permira for $6.9 Billion
NEW YORK, NY - Private-equity firm Permira has entered into a deal with Squarespace to acquire the website-building platform and domain host/registrar in an all-cash deal valued at $6.9 billion, according to an announcement made this week by both companies. The deal involves Permira paying approximately a 30 percent premium to Squarespace’s unaffected share price, which comes to $44 a share in cash; as a part of the transaction, the publicly-traded web company – … [Read more...]