Sunday, July 7, 2024

Investors chase wealthtech startups in India as affluent class grows

Investors are betting on Indian wealthtech startups as a growing middle class turns to diversify investments and startups challenge traditional financial advisors for high-net-worth clients. Premji Invest is in advanced stages of talks to lead a funding round of $30 million to $40 million in Dezerv, an app offering a suite of investment solutions to […]

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Epic Games CEO promises to ‘fight’ Apple over ‘absurd’ changes

It sounds like the latest dispute between Apple and Fortnite-maker Epic Games isn’t over. Epic has been fighting Apple for years over the company’s revenue-sharing requirements in the App Store. While Epic’s antitrust lawsuit against Apple was defeated last year, many of its criticisms were echoed in a different lawsuit filed against Apple in March […]

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What happens if you shoot down a delivery drone?

As deep-pocketed companies like Amazon, Google and Walmart invest in and experiment with drone delivery, a phenomenon reflective of this modern era has emerged. Drones, carrying snacks and other sundries, are being shot out of the sky.  Incidents are still rare. However, a recent arrest in Florida, in which a man allegedly shot down a […]

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Saturday, July 6, 2024

Waymo robotaxi pulled over by Phoenix police after driving into the wrong lane

A police officer pulled over a self-driving Waymo vehicle in Phoenix after it ran a red light and pulled into a lane of oncoming traffic, according to dispatch records. The incident took place on June 19, but local media including Arizona Republic released bodycam footage of the traffic stop this week, showing the vehicle weaving […]

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Figma pauses its new AI feature after Apple controversy

Welcome back to TechCrunch’s Week in Review — TechCrunch’s newsletter recapping the week’s biggest news. Want it in your inbox every Saturday? Sign up here. This week, Figma CEO Dylan Field said the company will temporarily disable its “Make Design” AI feature after it was accused of “heavily” training the tool on existing apps. The […]

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Tesla makes it onto Chinese government purchase list

For the first time, Chinese government workers will be able to purchase Tesla’s Model Y for official use. Specifically, officials in eastern China’s Jiangsu province included the Model Y in a government procurement list, which was also reported in the state-owned publication The Paper. As the only foreign-owned electric vehicle company on the list, Tesla’s […]

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Tokens are a big reason today’s generative AI falls short

Generative AI models don’t process text the same way humans do. Understanding their “token”-based internal environments may help explain some of their strange behaviors — and stubborn limitations. Most models, from small on-device ones like Gemma to OpenAI’s industry-leading GPT-4o, are built on an architecture known as the transformer. Due to the way transformers conjure […]

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Friday, July 5, 2024

Apple approves Epic Games’ marketplace app after initial rejections

After multiple rejections, Apple has approved Fortnite maker Epic Games’ third-party app marketplace for launch in the EU. As now permitted by the EU’s Digital Markets Act (DMA), Epic announced earlier this year it planned to bring both the digital storefront and its flagship game, Fortnite, back to iOS in Europe. However, on Friday, Epic […]

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OpenAI breach is a reminder that AI companies are treasure troves for hackers

There’s no need to worry that your secret ChatGPT conversations were obtained in a recently reported breach of OpenAI’s systems. The hack itself, while troubling, appears to have been superficial — but it’s reminder that AI companies have in short order made themselves into one of the juiciest targets out there for hackers. The New […]

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Space for newcomers, biotech going mainstream, and more

Welcome to Startups Weekly — TechCrunch’s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Most interesting startup stories from the week Even seemingly crowded categories can see newcomers climb up the ranks. This includes social media: A new app called […]

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X plans to more deeply integrate Grok’s AI, app researcher finds

Elon Musk’s X is exploring more ways to integrate xAI’s Grok into the social networking app. According to a series of recent discoveries, X is developing new features like the ability to ask Grok about X accounts, use Grok by highlighting text in the app, and access Grok’s chatbot through a pop-up on the side […]

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