International, Technology

Anysphere, a GitHub Copilot rival, has raised $60M Series A at $400M valuation from a16z, Thrive, sources say

entspos8:15 pmAugust 11, 2024 Anysphere, a two-year-old startup behind the AI-powered coding assistant Cursor, has successfully raised over $60 million in Series A financing, reaching a post-money valuation of $400 million, according to sources familiar with the deal, as reported by TechCrunch.The funding round was co-led by Andreessen Horowitz and Thrive Capital, with participation from Patrick Collison, co-founder and CEO of Stripe. While Anysphere, a16z, and Collison did not provide comments, Thrive declined to comment.Founded by MIT students Michael Truell, Sualeh A

International, Technology

OpenAI co-founder John Schulman says he will leave and join rival Anthropic

entspos4:43 pmAugust 7, 2024 John Schulman, co-founder of OpenAI, announced in a Monday X post that he is leaving the Microsoft-backed company to join Anthropic, an AI startup funded by Amazon. Schulman’s departure follows OpenAI's decision to disband its superalignment team, which aimed to ensure human control over advanced AI systems.Schulman, who co-led OpenAI’s post-training team responsible for refining AI models for ChatGPT and third-party developer interfaces, shared that his move is motivated by a desire to focus more on AI alignment and engage in hands-on techn

International, Technology

Meet the founder who built and sold a $600M enterprise software startup from Sri Lanka

entspos5:34 pmAugust 3, 2024 Sanjiva Weerawarana: A Sri Lankan Success StorySanjiva Weerawarana is a remarkable figure in Sri Lanka's tech industry. In 2005, he founded the enterprise software firm WSO2, which grew to nearly $100 million in annual recurring revenue (ARR) before being sold to private equity firm EQT for $600 million in May 2024. Despite Sri Lanka's modest startup ecosystem, WSO2 has stood out with major clients like Samsung, Axa, and AT&T.Founding WSO2Weerawarana's journey began at IBM, where he helped develop web service specifications such as WSDL

International, Technology

Backed by Microsoft, AWS and Meta, the Overture Maps Foundation launches its first open map data sets

entspos6:38 pmJuly 24, 2024 It's not every day that Microsoft, Amazon, and Meta join forces for a common cause. However, that's precisely the case with the Overture Maps Foundation, an initiative dedicated to developing interoperable and open map data.Launched in December 2022, the Overture Maps Foundation aims to challenge Google's dominance in online mapping. Hosted by the Linux Foundation, the group has been releasing early previews of its data sets over the past year, with the first beta version arriving this April. On Wednesday, the initiative marked a significant

International, Professional Growth, Technology

Global tech outage disrupts industries, highlights online risks

entspos9:07 pmJuly 19, 2024 On July 19, a global tech outage disrupted industries ranging from travel to finance before services gradually came back online after several hours. This incident underscored the risks associated with the global shift towards interconnected digital technologies.The outage was triggered by a software update from global cybersecurity firm CrowdStrike (CRWD.O), which caused system problems that grounded flights, disrupted broadcasts, and left customers without access to essential services like healthcare and banking.Over the past two decades, ac

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