
Vibe-coding startup Lovable raises $330M at a $6.6B valuation
Swedish vibe-coding startup Lovable has more than tripled its valuation in just five months.
Real-time breaking updates, frontier model releases, and critical developments (Page 22).

Swedish vibe-coding startup Lovable has more than tripled its valuation in just five months.

Luma, the a16z-backed AI video and 3D model company, released a new model called Ray3 Modify that allows users to modify existing footage by providing character reference images that preserve the performance of the original footage. Users can also provide a start and an end frame to guide the model to generate transitional footage.

ChatGPT has hit a new milestone of $3 billion in worldwide consumer spending on mobile as of this week, according to estimates from app intelligence provider Appfigures. This figure represents the total spending on iOS and Android devices since the app???s launch in May 2023, when it first arrived, then only on iOS.

AI coding assistant Cursor announced that it has acquired Graphite, a startup that uses AI to review and debug code.

It???s all hands on deck at Meta, as the company develops new AI models under its superintelligence lab led by Scale AI co-founder, Alexandr Wang. The company is now working on an image and video model codenamed ???Mango??? along with a new text-based model internally known as ???Avocado,??? The Wall Street Journal reported.