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AI model costs are pushing startups towards cheaper open weigh

Harvey’s gross margin fell from about 50% at the start of this year to minus 50% by June as customer usage of its AI agents spiked, and turned positive again only after it released a model of its own built on Moonshot’s Kimi K3. Abridge, Decagon, Ramp and Rogo are making similar moves, and Sequoia […]

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Hyundai’s answer to the EV slowdown is building tens of thousands of robotaxis

Hyundai will build tens of thousands of Ioniq 5 robotaxis for Waymo at its plant in Georgia, chief executive Jose Munoz said, calling robotaxis the biggest new opportunity inside a slowing electric market. In Europe the only type approval route that works across the whole union for a fully automated car is capped at 1,500 […]

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Corridor launches with $25m to fix health benefits for small businesses

“For decades, small businesses have been sold the leftovers of the health insurance market,” said Nikhil Aggarwal, chief executive and co-founder of Corridor. His company launched its AI benefits brokerage on Monday with $25m. Its plan is to change that with agents. Bain Capital Ventures led the round. BoxGroup and Definition Capital took part. So […]

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Bungie says it’s ‘not done with Destiny’ and will bring back vaulted content

Months after seemingly giving up on Destiny 2, Bungie now says it’s planning to restore vaulted content in the game like campaigns, destinations, and raids. The decision reverses the Destiny Content Vault that Bungie created six years ago, controversially removing older content from Destiny 2 that players had paid to access. “We understand that removing […]

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