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Chinese AI startup Manus reportedly gets funding from Benchmark at $500M valuation

Chinese startup Manus AI, which works on building tools related to AI agents, has picked up $75 million in a funding round led by Benchmark at a roughly $500 million valuation, according to Bloomberg. The company will use the money to expand to new markets, including the U.S., Japan, and the Middle East, Bloomberg noted, … Read more

Exclusive: Reducto, AI document parsing startup, raises $24.5 million Series A led by Benchmark

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OpenAI’s o3 AI model scores lower on a benchmark than the company initially implied

A discrepancy between first- and third-party benchmark results for OpenAI’s o3 AI model is raising questions about the company’s transparency and model testing practices. When OpenAI unveiled o3 in December, the company claimed the model could answer just over a fourth of questions on FrontierMath, a challenging set of math problems. That score blew the … Read more

Meta’s vanilla Maverick AI model ranks below rivals on a popular chat benchmark

Earlier this week, Meta landed in hot water for using an experimental, unreleased version of its Llama 4 Maverick model to achieve a high score on a crowdsourced benchmark, LM Arena. The incident prompted the maintainers of LM Arena to apologize, change their policies, and score the unmodified, vanilla Maverick. Turns out, it’s not very … Read more

Meta exec denies the company artificially boosted Llama 4’s benchmark scores

A Meta exec on Monday denied a rumor that the company trained its new AI models to present well on specific benchmarks while concealing the models’ weaknesses. The executive, Ahmad Al-Dahle, VP of generative AI at Meta, said in a post on X that it’s “simply not true” that Meta trained its Llama 4 Maverick … Read more

Small-cap benchmark Russell 2000 becomes first major U.S. stock measure to enter bear market

A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 3, 2025. Charly Triballeau | Afp | Getty Images Small-cap stocks, which were once thought to be primary beneficiaries of President Donald Trump’s policies, entered bear market territory on Thursday after a … Read more

Anthropic used Pokémon to benchmark its newest AI model

Anthropic used Pokémon to benchmark its newest AI model. Yes, really. In a blog post published Monday, Anthropic said that it tested its latest model, Claude 3.7 Sonnet, on the Game Boy classic Pokémon Red. The company equipped the model with basic memory, screen pixel input, and function calls to press buttons and navigate around the … Read more

China keeps benchmark lending rates steady amid rising tariff risks

The People’s Bank of China (PBoC) has set up a fintech committee. Zhang Peng | LightRocket | Getty Images China kept its key lending rates unchanged Thursday, as Beijing prioritizes financial stability over interest rate easing to bolster the economy. The People’s Bank of China held the 1-year loan prime rate unchanged at 3.1%, and … Read more

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