AI startup Genspark raises $100 million to compete with Google, source says
By Anna Tong
(Reuters) - Search startup Genspark has raised $100 million in a series A funding round, valuing the startup at $530 million, according to a source familiar with the matter, as the race to use artificial intelligence to disrupt Google's stranglehold on the search engine market heats up.
The Palo Alto-based company currently has over 2 million monthly active users, and the round was led by a group of U.S. and Singapore-based investors, the source said.
The company raised a $60 million seed round last June. Its CEO Eric Jing led Baidu's AI-powered smartphone and smart speaker Xiaodu unit.
Genspark is one of a number of startups attempting to uproot the search engine market dominated by Alphabet's Google. AI-generated search results can offer a single answer with citations, a potential user experience improvement compared to Google's link lists.
Google itself is experimenting with AI search results, while OpenAI's ChatGPT recently integrated internet search capabilities. Another big player in the AI search space, Perplexity, has raised funds valuing it at $9 billion.
According to its blog, Genspark says it has developed a feature capable of using multiple AI models that work together to conduct in-depth research online. OpenAI, Perplexity and You.com have also released similar products.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
3 minutes ago
- Business Upturn
TopLine Financial Credit Union Receives Twin Cities Best of Business 2025 Reader's Choice Award
MAPLE GROVE, Minn., June 10, 2025 (GLOBE NEWSWIRE) — TopLine Financial Credit Union , a Twin Cities-based member-owned financial services cooperative , has been named the Best Credit Union in Minnesota by Twin Cities Business 2025 Best of Business Reader's Choice Poll. Twin Cities Business conducts an annual survey of their readers asking 'Which companies exemplify true excellence in their respective industries and would they confidently refer to a family member, friend or colleague?' and published results in its June/July issue and online. The communities the credit union services have recognized TopLine as one of the most appreciated and trustworthy financial institutions in Minnesota. Several qualities that make TopLine stand out include the credit union's dedication to our mission of 'Connected, We All Do Better' by providing affordable and competitive financial services, commitment of our employees to help consumers achieve their financial goals, positively making a local and global impact through community outreach activities via their TopLine Credit Union Foundation, and helping consumers with homeownership and investments. 'We are honored to receive the distinction in the Financial Services Credit Unions category of the Twin Cities Business 'Best of Business' poll,' said Mick Olson, President and CEO of TopLine Financial Credit Union. 'This recognition reflects the unwavering commitment, care, and compassion of our TopLine family of employees in supporting our members and communities and helping them achieve their financial dreams. We extend heartfelt gratitude to our members and communities for their trust and support, and congratulate all the esteemed organizations recognized this year.' Twin Cities Business is Minnesota's leading provider of business news, insight, and analysis through daily online new stories, e-newsletters, a monthly print magazine and live events. Along with their readers, they get to know the personalities of our region's most influential leaders, exploring the 'how' behind their success, strategies, and solutions. They discuss today's most pressing issues, examine trends and outlooks, and provide the context, perspective, and information leaders have come to depend on. TopLine Financial Credit Union , a Twin Cities-based credit union, is Minnesota's 9th largest credit union, with assets of over $1.1 billion and serves over 70,000 members. Established in 1935, the not-for-profit financial cooperative offers a complete line of financial services from its ten branch locations — in Bloomington, Brooklyn Park, Champlin, Circle Pines, Coon Rapids, Forest Lake, Maple Grove, Plymouth, St. Francis and in St. Paul's Como Park — as well as by phone and online at . Membership is available to anyone who lives, works, worships, attends school or volunteers in Anoka, Benton, Carver, Chisago, Dakota, Hennepin, Isanti, Kanabec, Mille Lacs, Pine, Ramsey, Scott, Sherburne, Washington and Wright counties in Minnesota and their immediate family members, as well as employees and retirees of Anoka Hennepin School District #11, Anoka Technical College, Federal Premium Ammunition, Hoffman Enclosures, Inc., GRACO, Inc., and their subsidiaries. Visit us on our Facebook or Instagram. To learn more about the credit union's foundation, visit CONTACT:Vicki Roscoe EricksonSenior Vice President and Chief Marketing OfficerTopLine Financial Credit Union [email protected] | 763.391.0872
Business Upturn
3 minutes ago
- Business Upturn
Edmonton Lawyers Report a Surge in Civil Disputes Between Co-Founders
Edmonton, Alberta , June 10, 2025 (GLOBE NEWSWIRE) — A new study from Forum Law, a leading Edmonton-based law firm, has uncovered a significant rise in civil disputes between co-founders of businesses across the region. This trend is drawing attention to the growing complexities and risks involved in startup partnerships, highlighting the need for clearer agreements and proactive legal planning. NON-FAMILY CIVIL COURT CASES INITIATED IN CANADA While entrepreneurship continues to thrive in Edmonton and across Canada, the increase in co-founder conflicts reveals underlying challenges that can threaten even the most promising ventures. Disputes between business partners can arise from a variety of issues including misaligned expectations, disagreements over roles and responsibilities, equity splits, and financial management. These conflicts often result in costly litigation, damaged business relationships, and even the dissolution of companies. Key Insights from the Study The Forum Law report analyzed recent case trends and identified several key factors contributing to the surge in co-founder disputes: Lack of Clear Agreements: Many startups begin without formalized partnership agreements, leaving roles, decision-making processes, and equity ownership open to interpretation and disagreement. Many startups begin without formalized partnership agreements, leaving roles, decision-making processes, and equity ownership open to interpretation and disagreement. Communication Breakdowns: Differences in vision, management style, and communication preferences often fuel misunderstandings between co-founders. Differences in vision, management style, and communication preferences often fuel misunderstandings between co-founders. Financial Disputes: Conflicts around funding, profit distribution, and financial transparency have become common flashpoints. Conflicts around funding, profit distribution, and financial transparency have become common flashpoints. Intellectual Property and Ownership Issues: Disputes over who owns business ideas, technology, or product rights are increasingly frequent. Disputes over who owns business ideas, technology, or product rights are increasingly frequent. Growth and Scaling Challenges: As startups grow, initial informal agreements may not suffice, creating friction around new roles and equity adjustments. Legal Experts Call for Proactive Measures 'Entrepreneurship is exciting but can be fraught with unexpected challenges,' said a representative from Forum Law. 'Our study underscores how important it is for co-founders to establish clear, legally binding agreements from the outset. Doing so can prevent misunderstandings and provide a roadmap for resolving conflicts if they arise.' The firm recommends that new business partners invest time in drafting detailed shareholder or partnership agreements, clearly defining each person's roles, equity stakes, dispute resolution methods, and exit strategies. Engaging experienced legal counsel early on can help entrepreneurs avoid pitfalls and protect their ventures. Supporting Edmonton's Entrepreneurial Community The rise in disputes signals an urgent need for education and support within Edmonton's growing startup ecosystem. Forum Law offers specialized legal services tailored to startups and entrepreneurs, helping them navigate the complexities of partnership law and safeguarding their businesses for long-term success. Civil disputes among co-founders not only disrupt businesses but also impact innovation and economic growth. By raising awareness and promoting best practices, Forum Law hopes to foster stronger, more resilient business partnerships throughout Alberta. To read the full study, visit: Edmonton Lawyers Report a Surge in Civil Disputes Between Co-Founders Alternative dispute resolution & Litigation About Forum Law Forum Law is a respected Edmonton-based law firm specializing in civil litigation, business law, and dispute resolution. With a commitment to practical solutions and client-focused service, the firm supports entrepreneurs, startups, and established businesses in navigating legal challenges and achieving successful outcomes. Press inquiries Forum Law Shamil Shamilov [email protected] 1 (587) 557-5670 11835 – 149 ST Edmonton, Alberta, Canada, T5L 2J1
Business Upturn
3 minutes ago
- Business Upturn
JU Miner Launches New 2025 Cloud Mining Plans Amid Crypto Market Boom
London, UK, June 10, 2025 (GLOBE NEWSWIRE) — As Bitcoin (BTC) smashes past the $105,000 mark and crypto markets ride a powerful 2025 rally, JU Miner, a trusted UK-based cloud mining platform, has officially announced the rollout of its latest mining plans. The update arrives at a pivotal moment, enabling both newcomers and seasoned investors to earn daily passive income from digital assets, without the cost or complexity of traditional mining hardware. This timely expansion introduces a reliable, environmentally friendly crypto-mining experience backed by full capital return and consistent daily payouts. Safe, Secure, and Transparent Mining JU Miner's Cloud Mining service prioritizes user safety and asset protection with a robust security framework: ✔McAfee® SECURE certification to defend against malware and online threats ✔Cloudflare® DDoS protection for stable uptime and peace of mind ✔Cold wallet storage for maximum fund security With these layers of protection, miners can confidently participate in Blockchain mining, whether they're stacking Bitcoin, Ethereum (ETH), XRP, Solana (Sol), or even Doge. Sustainable Mining Powered by Green Energy JU Miner operates its global mining facilities using monocrystalline solar technology, delivering high hash rate performance while reducing environmental impact. It's crypto mining reimagined for a sustainable Web3 and DeFi future — benefiting users and the planet alike. New Mining Plans — Available Now! Our 2025 lineup features flexible plans for every budget and experience level: Starter Plan — $15 for 1 day, 00% daily return — $15 for 1 day, 00% daily return Quick Plan — $100 for 3 days, 50% daily return — $100 for 3 days, 50% daily return Weekly Return — $1,000 for 7 days, 10% daily return — $1,000 for 7 days, 10% daily return Smart Grow — $3,900 for 15 days, 35% daily return — $3,900 for 15 days, 35% daily return Elite Pro — $6,500 for 22 days, 40% daily return — $6,500 for 22 days, 40% daily return Prestige Contract — $52,000 for 45 days, 80% daily return All plans include daily crypto payouts and a 100% principal refund at the end of the term—giving you a low-stress way to grow your crypto holdings without the hassle of active trading. Exclusive Bonuses & Referral Rewards To celebrate the expansion, JU Miner offers: $15 sign-up bonus for new users $0.60 daily login rewards — rewarding consistent participation Referral Program — up to 3.5% lifetime commission for sharing the opportunity With its intuitive interface, even newcomers can start earning crypto in just a few minutes — no coding, no trading screens, just pure Passive Income potential. Global Growth and Community With over 860,000 users in Europe, Asia, and the Americas, JU Miner is rapidly becoming the go-to platform for secure and accessible crypto mining. It's a global hub for those seeking a reliable way to earn from Blockchain and harness the power of Cloud Mining — all while staying true to the core of crypto: decentralization, security, and sustainability. How to Start Mining with JU Miner Visit Register your free account — no complex onboarding Choose a mining plan that matches your financial goals Fund your plan using BTC, ETH, XRP, Sol, Doge, or USDT Watch daily crypto payouts grow automatically No hardware headaches. No market-watching stress. Just simple, secure crypto growth. About JU Miner JU Miner is a UK-based Cloud Mining platform dedicated to delivering secure, transparent, and eco-friendly crypto mining services. With a mission to democratize access to Bitcoin, Ethereum, and other leading digital assets, JU Miner empowers individuals to earn daily Passive Income without needing mining expertise or equipment. As crypto adoption grows across the Web3 and DeFi landscape, JU Miner stands out as a trusted partner, making Cloud Mining accessible and profitable for everyone in 2025. Join the Crypto Mining Revolution Today Website: Email: [email protected] Twitter/X: @JUMiner_com Disclaimer: Cryptocurrency investments and Cloud Mining involve financial risk, including potential loss of principal. Returns are not guaranteed and can be affected by market volatility and Blockchain network conditions. Please review your financial situation and consider seeking independent advice before investing. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
