Thursday, December 7, 2023

Google’s best Gemini demo was faked

Google’s new Gemini AI model is getting a mixed reception after its big debut yesterday, but users may have less confidence in the company’s tech or integrity after finding out that the most impressive demo of Gemini was pretty much faked. A video called “Hands-on with Gemini: Interacting with multimodal AI” hit a million views […]

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Seattle biotech hub pursues ‘DNA typewriter’ tech with $75M from tech billionaires

A new Seattle biotech organization will be funded to the tune of $75 million to research “DNA typewriters,” self-monitoring cells that could upend our understanding of biology. The collaboration between the University of Washington, the Chan-Zuckerberg Institute, and the Allen Institute is already underway. Called the Seattle Hub for Synthetic Biology, the joint initiative will […]

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Is the Texas boom town of Austin losing its luster?

Texas has been historically known for its oil booms. Today the state is perhaps better known as a magnet for tech companies and tech talent, especially in its capital city of Austin. But with some startups pulling up stakes, and critical industry participants curtailing their activity in Austin, the Texas dream of taking on tech’s […]

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Avail rolls out its AI summarization tool to help Hollywood execs keep up with script coverage

Avail is tackling one of the many time-consuming tasks in film and TV development: script coverage. The new ChatGPT-powered summarization tool is designed to summarize scripts and books within minutes, producing detailed summaries, loglines, synopses, character breakdowns and tonal assessments. Avail also built a Q&A assistant to help production companies and talent agencies brainstorm ideas […]

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Wednesday, December 6, 2023

Meta finally starts rolling out default end-to-end encryption for Messenger

After years of promises and limited tests, Meta has started rolling out default end-to-end encryption protection for Messenger. In an announcement, Mark Zuckerberg said that personal chats and calls will get default end-to-end encryption. However, encryption for group chats still remains an opt-in feature. End-to-end encryption is an important security layer as it doesn’t allow […]

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India’s Paytm curbing low-value personal loans spells bad news for the industry

Indian financial services firm Paytm sent shockwaves through the industry on Wednesday after it disclosed that it plans to issue fewer personal loans under 50,000 Indian rupees ($600) in a move that has already started to rattle many fintech investors. Paytm’s move followed the RBI recently tightening norms for consumer loans and publicly expressing concerns […]

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Vast Data lands $118M to grow its data storage platform for AI workloads

Vast Data, to make an obvious pun, is raising vast sums of cash. The New York-based startup, which provides a scale-out, unstructured data storage solution designed to eliminate tiered storage (i.e. setups that move data between high- and low-cost storage hardware), today announced that it secured $118 million in a Series E round led by […]

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Regulatory approval for this subscription solar UK startup could mean more are to come

With the UK’s Financial Conduct Authority (FCA) authorising what’s believed to be the first time a company can provide solar panels and batteries on a subscription model — without subscribers needing to pay a lump sum upfront — the stage could be set for a new boom in solar subscription services. This will provide useful […]

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Meta launches a standalone AI-powered image generator

Not to be outdone by Google’s Gemini launch, Meta’s rolling out a new, standalone generative AI experience on the web, Imagine with Meta, that allows users to create images by describing them in natural language. Similar to OpenAI’s DALL-E, Midjourney and Stable Diffusion, Imagine with Meta, which is powered by Meta’s existing Emu image generation […]

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Tuesday, December 5, 2023

Twitch to shut down in Korea over ‘prohibitively expensive’ network fees

Twitch plans to shut down its business in South Korea on February 27, it said, after finding that operating in one of the world’s largest esports markets is “prohibitively expensive.” In a blog post, Twitch CEO Dan Clancy said the firm undertook a “significant effort” to reduce the network costs to operate in Korea, but […]

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Avenir seeks to raise $800M for new fund

Avenir Growth Partners is seeking to raise $800 million for its fifth fund, it disclosed in a securities filing, two years after it began the paperworks for raising its IV fund. It ended up raising about $780 million for the fourth fund, it disclosed in a filing earlier this year. The New York-headquartered firm is […]

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Discord reimagines its mobile app to showcase its best social features

Discord launched a major refresh of its mobile app on Tuesday, putting messaging front-and-center while making a host of small improvements that users have been asking for. Inspired by user feedback, the redesigned app tailors the mobile Discord experience for on-the-go use compared to its popular desktop app, while changing things up to better organize Discord’s […]

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