tech:

taffy

Music Website Popdust Raises $4.5M

[Techtaffy Newsdesk]

Popdust, a pop music website, has announced completion of a $4.5 million Series A Preferred Share fund raise led by New Enterprise Associates. RRE Ventures, SoftBank Capital, and Project A Ventures, along with other individual investors, also participated in the fund raising.

Since launching in 2011, Popdust has already reached nearly 1 million unique monthly visitors. The management team is led by new CEO Hugh Panero, former CEO and Founder of XM Satellite Radio; David Wade, Co-Founder/President; and Co-Founder/Editor-In-Chief Craig Marks, former top editor of Spin, Blender and Billboard.

Popdust investors include Lerer Ventures, New Enterprise Associates, Softbank Capital and RRE Ventures.


Just in

Google to relaunch Gemini AI picture generator in a ‘few weeks’ following mounting criticism of inaccurate images — CNBC

Google plans to relaunch its image-generation AI tool in the next “few weeks,” according to Google DeepMind CEO Demis Hassabis, writes Hayden Field. 

Broadcom divests End-User Computing to KKR in $4B deal

Broadcom has agreed to sell its End-User Computing (EUC) division to investment firm KKR in a deal valued at $4 billion. This move will see the division, which focuses on digital workspace solutions, becoming an independent company following the sale's completion.

Myko AI raises $2.7M

Miami, Fl-based Myko, an AI platform provider focused on analyzing sales and revenue data, has secured $2.7 million in seed funding.

Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway — CNN

Reddit — which is not yet profitable — says it seeks to grow its business through advertising, more e-commerce offerings and by licensing its data to other companies to train their artificial intelligence models, writes Clare Duffy and John Towfighi.