Saturday, April 20, 2024

Boston Dynamics unveils a new robot, controversy over MKBHD, and layoffs at Tesla

Welcome, folks, to Week in Review (WiR), TechCrunch’s weekly news recap. The weather’s getting hotter — but not quite as hot as the generative AI space, which saw a slew of new models released this week, including Meta’s Llama 3. In other AI news, Hyundai-owned robotics company Boston Dynamics unveiled an electric-powered humanoid follow-up to […]

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U.S. House passes revised bill to ban TikTok or force sale

The U.S. House of Representatives passed a bill this afternoon that would require TikTok-owner ByteDance to sell the popular social media app or see it banned in the United States. Efforts to ban TikTok go back to the Trump Administration, but the issue has been revived in recent months. The House already passed a similar […]

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Why vector databases are having a moment as the AI hype cycle peaks

Vector databases are all the rage, judging by the number of startups entering the space and the investors ponying up for a piece of the pie. The proliferation of large language models (LLMs) and the generative AI (GenAI) movement have created fertile ground for vector database technologies to flourish. While traditional relational databases such as […]

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Notable Capital’s Hans Tung on the state of VC and the upside to down rounds

To some investors, “down round” is a dirty phrase, but not to Notable Capital’s Hans Tung. Hans is a managing partner at Notable Capital, formerly GGV Capital, a venture firm focusing on investments in the U.S., Latin America, Israel, and Europe. Hans, whose portfolio includes the likes of Airbnb, StockX and Slack, sat down with […]

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Equities platform Midas raises $45M Series A as fintech retains its sparkle in Turkey

Midas, a fintech startup that allows people in Turkey to invest in U.S. and Turkish equities, says it has raised $45 million in a funding round led by Portage of Canada. The startup is aimed at Turkey’s retail investor market and claims to have more than 2 million users. Its pitch is that it charges […]


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Friday, April 19, 2024

Startups Weekly: Is the wind going out of the AI sails?

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. After years of booming growth, the AI industry is now experiencing a significant slowdown in investment, as detailed in a recent report from Stanford’s Institute for […]

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TechCrunch Minute: Meta’s new Llama 3 models give open-source AI a boost

New AI models from Meta are making waves in technology circles. The two new models, part of the Facebook parent company’s Llama line of artificial intelligence tools, are both open-source, helping them stand apart from competing offerings from OpenAI and other well-known names. Meta’s new Llama models have differently sized underlying datasets, with the Llama […]

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Fintech CRED secures in-principle approval for payment aggregator license

CRED has received the in-principle approval for payment aggregator license in a boost to the Indian fintech startup that could help it better serve its customers and launch new products and experiment with ideas faster. The Bengaluru-headquartered startup, valued at $6.4 billion, received the in-principle approval from the Reserve Bank of India for the payment […]


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Fintech CRED secures in-principle approval for payment aggregator license

CRED has received the in-principle approval for payment aggregator license in a boost to the Indian fintech startup that could help it better serve its customers and launch new products and experiment with ideas faster. The Bengaluru-headquartered startup, valued at $6.4 billion, received the in-principle approval from the Reserve Bank of India for the payment […]

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Meta releases Llama 3, claims it’s among the best open models available

Meta has released the latest entry in its Llama series of open generative AI models: Llama 3. Or, more accurately, the company has debuted two models in its new Llama 3 family, with the rest to come at an unspecified future date. Meta describes the new models — Llama 3 8B, which contains 8 billion parameters, […]


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Thursday, April 18, 2024

Internet users are getting younger; now the UK is weighing up if AI can help protect them

Artificial intelligence has been in the crosshairs of governments concerned about how it might be misused for fraud, disinformation and other malicious online activity; now in the U.K. a regulator is preparing to explore how AI is used in the fight against some of the same, specifically as it relates to content harmful to children. […]

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