Tuesday, March 5, 2024

OpenAI pens response to Musk lawsuit: ‘We’re sad that it’s come to this’

OpenAI, the most valuable AI startup, said Wednesday it intends to dismiss all claims made by Elon Musk in a recent lawsuit and shed more light on its relationship with the billionaire entrepreneur who helped found the startup. In a blog post authored by the entire OpenAI band – Greg Brockman, Ilya Sutskever, John Schulman, […]

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Roku disables TVs and streaming devices until users consent to new terms

Update: My mistake, arbitration terms were already in place. But the devices were in fact inaccessible until users agreed to the new terms. Roku users around the country turned on their TVs this week to find an unpleasant surprise: the company required them to consent to new dispute resolution terms in order to access their […]

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AI could be the solution for bureaucracy with Emilie Poteat from Advocate

Founders have spent a lot of time over the past few years trying to build practical consumer use cases for AI and machine learning. AI startup Advocate thinks that the tech could help people apply for federal government benefits more easily. The New York-based startup was founded by Emilie Poteat, who got the idea after […]

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Windows 11 to lose official support for Android apps

It was only a few years ago — in 2021 — that Windows 11 gained official support for Android apps thanks to a Microsoft-maintained VM called the Windows Subsystem for Android (WSA). With the WSA, Windows 11 users could install and run nearly the full range of apps for Android, optionally through Amazon’s Android marketplace […]

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Accenture to acquire Udacity to build a learning platform focused on AI

Accenture announced today that it would acquire the learning platform Udacity as part of an effort to build a learning platform focused on the growing interest in AI. While the company didn’t specify how much it paid for Udacity, it also announced a $1 billion investment in building a technology learning platform it’s calling LearnVantage. […]

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Amazon’s new Rufus chatbot isn’t bad — but it isn’t great, either

Last month, Amazon announced that it’d launch a new AI-powered chatbot, Rufus, inside the Amazon Shopping app for Android and iOS. After a few weeks’ delay, the company began to roll out Rufus to early testers today — including some of us at TechCrunch — to help find and compare products as well as provide […]

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TikTok says its revamped creator fund has increased total creator revenue by over 250%

TikTok announced today that its revamped creator fund has increased total creator revenue by over 250% within the last six months. The company says the fund, which launched a year ago and eventually replaced TikTok’s original $1 billion Creator Fund, is exiting beta in the coming weeks. TikTok also announced that its LIVE Subscription monetization […]

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Bitcoin hits new all-time high passing $69,000 for first time since November 2021

It’s been a busy year so far for bitcoin, the largest cryptocurrency by market capitalization, and it’s only March. The digital asset hit a new all-time high for the first time since November 2021 when it passed $69,000 on Tuesday morning, as demand surged in recent weeks following the spot bitcoin ETF approvals in the […]

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Monzo, the UK challenger bank with 9 million customers, raises $430 million

London-based fintech company Monzo raised a late stage funding round of $430 million (£340 million), confirming a report from the Financial Times from a few weeks ago. Following this round, the company has reached a post-money valuation of $5 billion (£4 billion). Founded in 2015, Monzo provides UK current accounts, debit cards and several financial […]

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Ubicloud wants to build an open source alternative to AWS

Using the large cloud computing providers is convenient, but not exactly cheap. Ubicloud, a new startup founded by the team behind Citus Data, which Microsoft acquired in 2019, wants to change the dynamics by offering a layer of core cloud computing services on top of affordable bare-metal servers from providers like Hetzner, OVH Cloud, Leaseweb […]

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Monday, March 4, 2024

Multiverse helped bank quants speed up their work; now it’s targeting LLM leviathans

We’re still years away from seeing physical quantum computers break into the market with any scale and reliability, but don’t give up on deep tech. The market for high-level quantum computer science — which applies quantum principles to manage complex computations in areas like finance and artificial intelligence — appears to be quickening its pace. […]

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With $16M in fresh funds, Whistleblower Software rebrands and expands into compliance

Danish startup Whistleblower Software is rebranding as Formalize as it expands into the broader compliance software sphere — and it has raised a fresh €15 million ($16 million) to fund the expansion. The announcement comes as the compliance software market has exploded, due in large part to growing regulatory pressure — and investors have taken […]

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Catalog is building the B2B commerce platform for small companies

When you think about commerce platforms, chances are the first names that come to mind are big names like Adobe Commerce or Salesforce Commerce Cloud. Large companies processing millions of orders already have a technological solution to manage their operations. But small companies that are handling $5 million or $20 million in sales volume per […]

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Indian firms begrudgingly comply with Google Play rules while seeking regulatory intervention

Indian firms whose apps were delisted by Google last week have begrudgingly started to comply with Play Store billing rules to get their apps back on the store. Apps like Shaadi, Matrimony.com, and Bharat Matrimony were restored after being removed from the Play Store Friday. Other apps to return include Info Edge’s Naukri and 99acres, […]

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Former Twitter CEO sues Elon Musk

Another day, another lawsuit involving Elon Musk. Four former Twitter executives, including ex-CEO Parag Agrawal, sued Musk on Monday, alleging that they’re owed over $128 million in severance payments. When Musk bought Twitter (now X), one of his very first moves as the company’s owner was to fire Agrawal, CFO Ned Segal, and lawyers Sean […]

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