Nvidia is acquiring Run:ai, a Tel Aviv-based company that makes it easier for developers and operations teams to manage and optimize their AI hardware infrastructure, for an undisclosed sum. Ctech reported earlier this morning the companies were in “advanced negotiations” that could see Nvidia pay upwards of $1 billion for Run:ai. Evidently, those negotiations went without a hitch. Nvidia says … [Read more...]
Security bugs in a popular phone-tracking app exposed users’ precise locations
Last week when a security researcher said he could easily obtain the precise location from any one of the millions of users of a widely used phone-tracking app, we had to see it for ourselves. Eric Daigle, a computer science and economics student at the University of British Columbia in Vancouver, found the vulnerabilities in the tracking app iSharing as part of an investigation into the security … [Read more...]
Block lets Square merchants convert a part of their daily sales to bitcoin
Block, the company behind Square, Cash App and other services, announced a new program today allowing merchants using Square’s solutions to convert a percentage of their daily sales to bitcoin. The feature, rolling out in the U.S. starting today, will transfer 1-10% of Square sellers’ daily sales to their personal Cash App account. This amount will convert into bitcoin at the end of the day. … [Read more...]
Diddo’s new funding will bring its shoppable TV API to streaming platforms
Diddo is an API for streaming services and other platforms to integrate shoppable video, enabling consumers to buy their favorite characters’ clothing and accessories directly on their screens. The company announced Wednesday that it raised $2.8 million in seed funding. Diddo was founded in late 2022 by Rishi Nair, Ryan Sullivan, and Pamela Chen. Funnily enough, it started as a Google Chrome … [Read more...]
Spotify submits a new update to Apple with pricing information for EU users
Spotify said today that it has submitted a new version of its app for EU users with pricing information and basic site information. Critically, the version doesn’t contain the link to the website. The music streaming company said it is not opting into Apple’s new Digital Markets Act (DMA) changes that charge a “core technology fee” for developers with more than 1 million annual downloads. The … [Read more...]
Snowflake releases a flagship generative AI model of its own
All-around, highly generalizable generative AI models were the name of the game once, and they arguably still are. But increasingly, as cloud vendors large and small join the generative AI fray, we’re seeing a new crop of models focused on the deepest-pocketed potential customers: the enterprise. Case in point: Snowflake, the cloud computing company, today unveiled Arctic LLM, a generative AI … [Read more...]
Tomorrow, TechCrunch Early Stage 2024 takes over Boston
Tomorrow is the day we’ve all been waiting for! TechCrunch Early Stage 2024 kicks off in Boston, and we can’t wait to see you there! We’re expecting 1,000+ attendees for a full day of all things early-stage startups. As you gear up for an immersive dive into the world of startup success, here’s a quick reminder of what’s in store: Speaker highlights Edith Yeung, General Partner, Race … [Read more...]
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic, and Inflection
The U.K.’s Competition and Markets Authority (CMA) is launching preliminary enquiries into whether the close-knit tie-ups and hiring practices involving Microsoft, Amazon and a trio of AI startup falls within the scope of its merger rules — and whether the arrangements could impact competition in the U.K. market. The announcement comes amid growing scrutiny of Big Tech’s fresh approach to M&A … [Read more...]
Tines taps $50M to expand its workflow automation beyond security teams
Automation continues to be a major theme in the enterprise — underscored not least by the rise of AI as a tool to help fix some of the more routine, resource-intensive and fragmented aspects of how security and other IT functions operate. To capitalize on that trend, one of the bigger startups in the space, the Dublin-founded Tines, is announcing $50 million in funding. Tines started with its … [Read more...]
Hinge adds a way to mute requests containing words you specify
Hinge is adding a “Hidden Words” feature to its app, which will filter out likes with comments containing those phrases or words. It pretty much works like a mute filter on social media apps. On Hinge, users can send a message when they like a profile — that message can contain any text. Rivals, such as Bumble also introduced a similar feature called compliments in 2022. Match Group-owned Hinge is … [Read more...]
Former Magic Leapers launch a platform for AR experiences
When Trace’s future co-founders Greg Tran, Martin Smith and Sean Couture joined Magic Leap in Spring/Summer 2015, it was about as hot as startups come. After years of secrecy, the augmented reality company captured Silicon Valley’s imagination with in-device footage, before capping the year with an $827 million raise. The story of the intervening years is one of a massively funded and extremely … [Read more...]
India’s central bank cracks down on Kotak Mahindra Bank over IT, risk management lapses
India’s central bank ordered Kotak Mahindra Bank to immediately cease onboarding new customers through its online and mobile banking channels and to stop issuing fresh credit cards, citing serious deficiencies in the bank’s IT systems and risk management practices. Kotak Mahindra Bank is one of the largest private banks in India. It’s also one of the key partners for many fintech startups in … [Read more...]
Parloa, a conversational AI platform for customer service, raises $66M
Conversational AI platform Parloa has nabbed $66 million in a Series B round of funding, a year after the German startup raised $21 million from a swathe of European investors to propel its international growth. The company is focusing on the U.S. market in particular, where Parloa opened a New York office last year — it says this hub helped it sign up “several Fortune 200 companies” in the … [Read more...]
Madica, a program by Flourish Ventures, steps up pre-seed investing in Africa
Madica, an investment program launched by US-based investor Flourish Ventures to back pre-seed startups in Africa, plans to invest in up to 10 ventures by the end of the year, ramping up its funding efforts after closing three initial deals. Madica disclosed the plans to TechCrunch indicating accelerated investing in the coming year as it eyes up to 30 startups by the end of its three-year … [Read more...]
French startup FlexAI exits stealth with $30M to ease access to AI compute
A French startup has raised a hefty seed investment to “rearchitect compute infrastructure” for developers wanting to build and train AI applications more efficiently. FlexAI, as the company is called, has been operating in stealth since October 2023, but the Paris-based company is formally launching Wednesday with €28.5 million ($30 million) in funding, while teasing its first product: an … [Read more...]
Google-backed Glance pilots Android lockscreen platform in US
Glance, which operates a lockscreen platform targetting Android smartphones, is setting its sights on the U.S. market. The Indian startup recently commenced a pilot program in partnership with Motorola and Verizon in the U.S., with plans for a full launch in the country later this year, sources familiar with the matter told TechCrunch. The Bengaluru-headquartered startup, backed by investors … [Read more...]
Senate passes a bill forcing TikTok to face a ban if ByteDance doesn’t sell it
The Senate passed a bill, included with the foreign aid package, that will ban TikTok if its owner, ByteDance, doesn’t sell it within a year. Senators passed the bill 79-18 Tuesday after the House passed it with overwhelming majority over the weekend. President Joe Biden will have to sign the bill to make it law, and as per a statement released by the White House, he intends to do so on … [Read more...]
The all-electric Mercedes G-Class ratchets up the tech and off-road capability
The Mercedes-Benz G-Class — the rugged off-road powerhouse that launched in 1979 and has since become a brutalist status symbol — has gone electric. This is, in many ways, Mercedes’ most prestigious car, a model more prized for its presence and exclusivity than its power and capability. Going electric, then, is more than an historic moment for the iconic Gelandewagen; it is the biggest test yet … [Read more...]
Tesla’s new growth plan is centered around mysterious cheaper models
Tesla’s been undergoing some major changes, and now we have a sense of why: the company says it is upending its product roadmap because of “pressure” on EV sales. The new and accelerated plan now includes “more affordable models” that the company claims will be launched next year. Or if Tesla CEO Elon Musk is to be believed — and that’s a big bet considering his track record with timelines — … [Read more...]
Tesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “numerous challenges” cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023. Analysts polled by Yahoo Finance expected earnings of $0.51 per share on $22.15 billion in … [Read more...]
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