Kaltura acquires eSelf, founded by creator of Snap’s AI, in $27M deal

Kaltura, a New York-headquartered AI video platform company, is acquiring eSelf.ai, an Israel-based startup behind conversational avatars — AI-generated digital humans that can talk with users — for about $27 million. Kaltura announced today that it has signed a definitive agreement to acquire eSelf, a platform supporting more than 30 languages and featuring a user-friendly…

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The circular money problem at the heart of AI’s biggest deals

SoftBank and OpenAI announced a new 50-50 joint venture this week to sell enterprise AI tools in Japan under the brand “Crystal Intelligence.” On paper, it’s a straightforward international expansion deal. But SoftBank’s role as a major investor in OpenAI is raising questions about whether AI’s biggest deals are creating real economic value or just moving money in circles. …

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AI PowerPoint-killer Gamma hits $2.1B valuation, $100M ARR, founder says 

Gamma, a startup that creates AI-generated presentations, websites, and social media posts, announced on Monday a $68 million Series B round at a $2.1 billion valuation led by Andreessen Horowitz.  Co-founder and CEO Grant Lee posted on X that the company has profitably hit $100 million in ARR, with 70 million users. The startup hit $50 million profitably in its first two years, Lee previously posted. Gamma last raised a $12 million Series A round led by Accel in 2024.  Gamma isn’t exactly a…

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Consolidation begins to hit the carbon credit market

Carbon management startup Carbon Direct is buying another carbon credit startup, Pachama, the companies announced today. Pachama laid off around 20 employees this summer as voluntary carbon markets softened. The company had attracted investments from a range of prominent names, including Amazon’s Climate Pledge, Breakthrough Energy Ventures, Lowercarbon Capital, and several celebrity angel investors, including…

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