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Inside Pinterest's efforts to replace expensive AI with open-source models

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Andre Rucker for BI Pinterest's VP of product management said mixing open-source and closed-source AI models helped cut costs. The social platform's recent AI-enabled features combine OpenAI, Alibaba, and its own AI models. To support this approach, Pinterest invested in cloud infrastructure and an updated hiring strategy. In its pursuit of creating AI-supported tools for its users and advertisers, Pinterest leaders said it is actually shrinking part of its AI budget. As companies continue to spend on AI, they face pressure from investors to show returns on investment from this fast-evolving technology. One way to do that: Stretch investments by shrinking the budget needed for the systems that power AI features. Pinterest, the visual-first social media platform where users can save images to curate their ideas, is taking what it calls a "model-agnostic" approach to generative AI, said Vicky Gkiza, the company's vice president of product management. Th...
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Sources: Meta drew about $96B of orders from investors for a $25B bond sale it launched on Thursday; Meta sold $30B of corporate bonds in October 2025 (Bloomberg)

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Bloomberg : Sources: Meta drew about $96B of orders from investors for a $25B bond sale it launched on Thursday; Meta sold $30B of corporate bonds in October 2025   —  Investors placed about $96 billion of orders for Meta Platforms Inc.'s bond sale, according to people with knowledge of the transaction … from Techmeme https://ift.tt/XM4eZ9E
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Sources: KKR has secured $10B+ to launch Helix Digital Infrastructure, a company led by ex-AWS CEO Adam Selipsky that will develop and operate AI infrastructure (Bloomberg)

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Bloomberg : Sources: KKR has secured $10B+ to launch Helix Digital Infrastructure, a company led by ex-AWS CEO Adam Selipsky that will develop and operate AI infrastructure   —  KKR & Co. has secured more than $10 billion to launch a company that will develop and operate artificial intelligence infrastructure … from Techmeme https://ift.tt/YEl6Q3h
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Standard Intelligence, which is developing computer use AI models, raised $75M led by Sequoia and Spark at a $500M post-money valuation (Rocket Drew/The Information)

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Rocket Drew / The Information : Standard Intelligence, which is developing computer use AI models, raised $75M led by Sequoia and Spark at a $500M post-money valuation   —  Pedestrians in downtown San Francisco are used to seeing Waymos navigating the streets.  But two months ago, people in the South Park neighborhood saw something new … from Techmeme https://ift.tt/gDzCJ6N
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I saw a gap in healthcare. Now my bootstrapped nursing company is growing 80% a year

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Jasmine Bhatti is the CEO of Navi Nurses. Caitlin O'Hara for BI Jasmine Bhatti's alternative to traditional home health has grown an average of 80% year over year. She says the keys to her growth has been using fractional staff and delaying full-time hires. Navi Nurses hit $7 million in revenue last year. This as-told-to essay is based on a conversation with Jasmine Bhatti, CEO of Navi Nurses . It has been edited for length and clarity. Since I was in college, I always knew I wanted to make an impact in healthcare at a big level. At the time, my grandmother was diagnosed with cancer and needed 24/7 care. I learned through her experience that there were major gaps in the current home health system . I became a nurse and was reminded of this problem again. So many of my patients would pull at my scrubs and ask if they could pay for me to come home and support them. Bhatti started pitching herself in local Facebook groups in late 2020. Caitlin O'Hara for BI ...
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Sources: PayPal is separating Venmo into its own standalone unit and is looking to recruit a digital banking executive to run the new Venmo segment (Hugh Son/CNBC)

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Hugh Son / CNBC : Sources: PayPal is separating Venmo into its own standalone unit and is looking to recruit a digital banking executive to run the new Venmo segment   —  PayPal CEO Enrique Lores has this week told managers that he is reorganizing the firm's reporting lines to separate Venmo … from Techmeme https://ift.tt/EhNL5AP
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SpaceX's draft IPO filing: from 2023 to 2025, Starlink's individual subscribers rose from 2.3M to 8.9M, revenue grew from $3.9B to $11.4B, and ARPU fell 18% (The Information)

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The Information : SpaceX's draft IPO filing: from 2023 to 2025, Starlink's individual subscribers rose from 2.3M to 8.9M, revenue grew from $3.9B to $11.4B, and ARPU fell 18%   —  SpaceX's Starlink satellite internet service quadrupled its individual subscribers between 2023 and 2025—but the average revenue … from Techmeme https://ift.tt/xUmv4Z6
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