jeff bezos - Tech News from Simmons Systems

Tech News from Simmons Systems

jeff bezos

A collection of 40 posts

Figure AI Secures $675 Million to Build OpenAI-Powered Humanoid Robots

AI robotics company Figure raises $675 million in Series B funding and partners with OpenAI to develop advanced AI models for humanoid machines. The investment features backing from major tech giants like Microsoft, NVIDIA, and Jeff Bezos.

Human-Centric AI Startup Humans& Raises $480M Seed at $4.48B Valuation

Humans&, a three-month-old startup founded by alumni from Anthropic, xAI, and Google, raises a massive $480 million seed round to build AI that empowers people. The company aims to create collaborative AI tools that strengthen organizations rather than replace human workers.

venture capital

Venture Funding Hits $39.6 Billion in November Driven by AI Megarounds

Global venture funding reaches $39.6 billion in November as AI dominates the market and megarounds hit a three-year high. The United States captures over 70 percent of all global startup investments.

Jeff Bezos Joins $693 Million Investment in AI Chipmaker Tenstorrent

Tenstorrent raises a massive $693 million Series D round backed by Jeff Bezos and Samsung Securities to challenge Nvidia. The Toronto-based startup plans to use the funds to expand its engineering team and develop new AI training servers.

physical intelligence

Physical Intelligence Secures $400M to Build Universal Robot Brain

Physical Intelligence raises $400 million at a $2.4 billion valuation to develop a universal AI model that acts as a brain for any robot. The startup's pi-zero model enables machines to understand the physical world and complete complex, multi-step tasks through simple user instructions.

New York Times Demands Perplexity Halt Use of Its Journalism in AI Summaries

The New York Times sends a cease and desist letter to Perplexity, accusing the AI startup of copyright infringement for using its content without a license. This legal move adds to the publisher's ongoing battles against generative AI companies.

Humanoid Robot Startup Figure AI Raises $675 Million From Tech Giants

Figure AI secures a massive $675 million funding round at a $2.6 billion valuation, backed by Jeff Bezos, Nvidia, and Microsoft. The startup partners with OpenAI to advance the AI capabilities of its general-purpose humanoid robot.

Amazon Prepares for Largest-Ever Job Cuts Affecting 10,000 Corporate Workers

Amazon is planning to lay off approximately 10,000 corporate and technology employees in its largest reduction in workforce to date. The cuts primarily target the company's retail, human resources, and Alexa device divisions.

Amazon Founder Jeff Bezos Transitions to Executive Chair Role

Jeff Bezos steps down as Amazon CEO during a record-breaking financial quarter, handing the reins to AWS chief Andy Jassy. The founder remains with the company as executive chair.

Blue Origin Completes First Crewed Flight With Jeff Bezos Aboard

Jeff Bezos and three crewmates successfully launch to the edge of space aboard Blue Origin's New Shepard rocket, setting new age records for space travelers.

Amazon Reports Record Profits as Jeff Bezos Prepares to Step Down

Amazon announces massive fourth-quarter profits and reveals Andy Jassy as the successor to founder Jeff Bezos. The leadership transition comes as the tech giant experiences unprecedented growth.

Amazon Founder Jeff Bezos Transitions to Executive Chairman Role

Jeff Bezos steps down as Amazon's CEO, handing daily control to cloud computing chief Andy Jassy. Bezos remains involved as executive chairman while focusing on other ventures.

Jeff Bezos Announces Departure from Amazon CEO Role

Amazon founder Jeff Bezos hands over the CEO position to Andy Jassy while transitioning to the role of executive chairman. The leadership change marks a new era for the massive e-commerce company.

Lawmakers Grill Big Tech Executives Over Monopoly Power and Bias

Top executives from Amazon, Apple, Facebook, and Google face tough questions from Congress regarding anti-competitive practices and political bias. The hearing highlights a deep partisan divide in how lawmakers approach tech industry regulation.