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BeansAndBytes · May 13, 2025

Perplexity Eyes $14B Valuation, Google Launches AI Fund, Chegg Cuts 22% of Staff, Reasoning Model Gains May Be Slowing

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BeansAndBytes · BeansAndBytes

Welcome!

I publish AI newsletters every morning with curated AI/tech news stories, cool AI projects, and technical research papers. Grab your coffee beans and catch up on yesterday’s top bytes!

  • Perplexity AI wrapping talks to raise $500 million at $14 billion valuation (CNBC)

  • Google launches AI startup fund offering access to new models and tools (CNBC)

  • The UK's AI copyright shake-up has Elton John, Dua Lipa fighting back (CNBC)

  • Improvements in ‘reasoning’ AI models may slow down soon, analysis finds (TechCrunch)

  • Saudi prince launches AI venture as Trump, Musk, Altman, and Zuckerberg arrive for conference (TechCrunch)

  • Chegg to lay off 22% of workforce as AI tools shake up edtech industry (Reuters)

  • Even a16z VCs say no one really knows what an AI agent is (TechCrunch)

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