Adobe competitor Figma went public Thursday on the New York Stock Exchange in a debut that saw the price of its first public trade nearly triple from the $33 per share the company and its institutional investors offered it up at, to $85, for a valuation of about $50 billion, well beyond the $20 billion the San Francisco-based design software startup agreed to in 2022 to essentially be acquired by Adobe. That deal was nixed by European regulators, who determined the move would stifle competition. Figma shares closed Thursday at $115.50, for a valuation of $67.7 billion. Continue reading Software Firm Figma Stuns with $67.7 Billion Valuation in IPO

Amazon’s Alexa Fund VC has made an investment in San Francisco-based startup Fable, which this week launched Showrunner, a generative AI model with an app that lets people create animated TV shows using text prompts. Showrunner has been in a closed alpha test involving about 10,000 users. Initially, Fable is making Showrunner available for free, but plans to eventually price it at $10-$20 monthly for credits enabling creation of TV-style content on Discord. The Showrunner-generated content will be shareable on social media sites including YouTube. Specific terms of Amazon’s investment have yet to be disclosed. Continue reading Amazon Invests in Fable, Creator of the ‘Showrunner’ AI App

Amazon has agreed to purchase AI wearables firm Bee, it was announced via a LinkedIn post by the San Francisco-based startup. Bee’s principal product is a $50 wrist device called the Pioneer that records all audio within range unless manually muted. Combined with a $19 per month subscription the device records and transcribes “daily memories” to create to-do lists and reminders based on what it hears. It can also answer questions. Bee’s website says the product is backordered due to “high demand” with shipments resuming in September. Terms of the acquisition were not disclosed. Continue reading Amazon Buying Startup Bee, Maker of the Pioneer AI Bracelet

Grammarly — maker of the popular AI productivity tool — says it will acquire Superhuman, an AI-native email app that helps users save time on electronic communications. The purchase price was not disclosed. The acquisition aims to accelerate Grammarly’s evolution into an all-around AI productivity assistant that does more than improve syntax and offers a full complement of apps and agents. The San Francisco-based company, which launched in 2009, last year acquired Coda and its suite of document and spreadsheet software. Grammarly says it now has “an ‘AI superhighway’ that delivers writing agents to users across more than 500,000 applications and websites.” Continue reading Grammarly to Expand Productivity with Superhuman Purchase

Anthropic has updated its Claude AI chatbot with the ability to build, host and share AI-powered apps directly in Claude. Launching in beta, the new function builds upon the Artifacts feature Anthropic introduced last year, allowing users to see and interact with what they asked Claude to create. “Now developers can iterate faster on their AI apps without worrying about the complexity and cost of scaling for a growing audience,” according to Anthropic. The San Francisco-based AI startup adds that millions people have already used Claude to create more than 500 million artifacts — from productivity tools to educational games. Continue reading Anthropic’s Claude Chatbot Is Now a No-Code App Developer

Patreon, a subscription platform popular among individual creators and small companies, is expanding beyond boutique service with a network initiative that has inked Wondery and Sony Music Entertainment to podcasting deals. Patreon says podcasting is its largest category, with participants earning more than $472 million from over 6.7 million paid memberships. The figure marked a 35 percent increase from 2023. With more than 100 million total memberships, Patreon says it is “the best place on the Internet for independent podcasters and media networks alike.” The 12-year-old company provides tools for creators to connect directly with fans. Continue reading Patreon Signs Podcasting Deals with Wondery and Sony Music

Speaking in San Francisco during the Game Developers Conference this week, Netflix Games President Alain Tascan discussed how its gaming content can keep the platform’s 700 million-plus customers entertained between seasons. “We are not yet the Netflix of games, but that is where we are headed,” the executive said, calling gaming “the biggest shift in entertainment in the last 30 years.” In light of global youth’s involvement with games, “we see we need to be there,” Tascan said. Netflix added its first mobile games in 2021 and has since expanded by purchasing video game studios and building one from scratch. Continue reading Netflix Execs Discuss a Continued Push into Gaming Business

San Mateo, California-based game developer Roblox has released a 3D object generator called Cube 3D, the first of several models the company plans to make available. Cube currently generates 3D models and environments from text, and in the future the company plans to add image inputs. Roblox says it is open-sourcing the tool, making it available to users on and off the platform. Cube will serve as the core generative AI system for Roblox’s 3D and 4D plans, the latter referring to interactive responsiveness. The launch coincides with the Game Developers Conference, running through Friday in San Francisco. Continue reading Roblox Reveals Its Generative AI System Cube for 3D and 4D

Substack has enabled video publishing directly from within the Substack app. The move is designed to increase user engagement while helping its authors monetize, including with smartphones. Each video post can be formatted to reach subscribers instantly through email, app notifications, or both. “With millions of weekly active users and 1 million posts discovered daily, the Substack app has become the leading driver of subscriber and revenue growth for publishers building sustainable, independent businesses,” the company claims. The Substack network has also become a discovery ecosystem, helping creators find potential subscribers. Continue reading Substack Now Lets Creators Monetize with Video Publishing

In a move toward increased transparency, San Francisco-based AI startup Anthropic has published the system prompts for three of its most recent large language models: Claude 3 Opus, Claude 3.5 Sonnet and Claude 3 Haiku. The information is now available on the web and in the Claude iOS and Android apps. The prompts are instruction sets that reveal what the models can and cannot do. Anthropic says it will regularly update the information, emphasizing that evolving system prompts do not affect the API. Examples of Claude’s prompts include “Claude cannot open URLs, links, or videos” and, when dealing with images, “avoid identifying or naming any humans.” Continue reading Anthropic Publishes Claude Prompts, Sharing How AI ‘Thinks’

San Francisco-based OpenAI revealed it is currently testing SearchGPT, a prototype of new AI search features that provides “fast and timely answers with clear and relevant sources.” The testing arrives as similar technology is made available by leading search services Google and Microsoft Bing. The SearchGPT prototype, featuring a user interface similar to that of OpenAI’s ChatGPT chatbot and virtual assistant, launched last week to a group of 10,000 test users and publishers who will be tapped for feedback. The plan is to iterate an improved version and then integrate SearchGPT directly into ChatGPT, although no timeline was provided. Continue reading OpenAI Begins Testing Prototype of New AI Search Features

Microsoft Xbox President Sarah Bond announced the company plans to launch a web-based mobile game store in July, creating a new rival for Google Play and Apple’s App Store. Speaking at the Bloomberg Technology Summit, Bond said the web venue was selected so a single store could serve all users in all countries, “independent of the policies of closed ecosystem stores.” Initially the focus will be on Microsoft games, opening later to other publishers. “This web-based store is the first step in our journey to building a trusted app store with its roots in gaming,” Microsoft said in a post-even statement. Continue reading Microsoft Will Introduce Web-Based Xbox Mobile Game Store

Google introduced Threat Intelligence at the RSA Conference in San Francisco this week. Claiming actionable information at “visibility only Google can deliver, based on billions of signals across devices and emails,” Threat Intelligence draws on the capabilities of the company’s Gemini LLMs, Mandiant cybersecurity arm, and cloud-based VirusTotal tool. An AI-powered Gemini agent “provides conversational search” across the repository of Threat Intelligence, “enabling customers to gain insights and protect themselves from threats faster than ever before,” Google says in a move to empower even small teams without IT departments with threat protection. Continue reading Google Taps AI for Its ‘Threat Intelligence’ Cybersecurity Plan

Since Epic Games debuted the Unreal Editor for Fortnite (UEFN) and Creator Economy 2.0 tools in March 2023, the company says creators have published more than 80,000 UENF islands, and Epic has rewarded creators with more than $320 million in engagement payouts. Now Epic is adding more core features to UEFN: MetaHuman Creator and MetaHuman Animator, which enable the creation and animation of non-playable MetaHuman characters. Epic’s UEFN 2024 roadmap, presented at this week’s Game Developers Conference in San Francisco, includes more camera options for the player-made game platform, including a first-person perspective. Continue reading MetaHuman and Animator Now Available to Fortnite Creators

Facebook chief Tom Alison says parent company Meta Platforms is building a giant AI model that will eventually “power our entire video ecosystem.” Speaking at the Morgan Stanley Technology, Media & Telecom Conference this week, Alison said the model will drive the company’s video recommendation engine across all platforms that host long-form video as well as the short-form Reels, which are limited to 90 seconds. Alison said the company began experimenting with the new, super-sized AI model last year and found that it helped improve Facebook’s Reels watch time by anywhere from 8-10 percent. Continue reading Meta Building Giant AI Model to Power Entire Video Ecosystem