Tuesday, August 6, 2024

Airbnb details plans to expand beyond short-term rentals, including co-hosting and relaunching ‘experiences’

Airbnb CEO Brian Chesky suggested on Tuesday’s Q2 earnings call with investors that the company will soon expand into new products and services, including co-hosting, a relaunch of Airbnb’s “experiences,” guest services and more. The company positioned the upcoming offerings as a way for Airbnb to grow its revenue by becoming known for doing more […]

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Rivian lost $1.46B in Q2 as it drives toward a VW-linked future

Rivian’s financial losses have crept up as it pushed out the last of its first-generation R1 trucks and SUVs in favor of newer, more cost-efficient versions — a sign of just how much the company could use the $5 billion it could get as part of a recently announced deal with Volkswagen Group. The company […]

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Reddit to test AI-powered search result pages

Reddit users will soon see AI-generated summaries at the top of search results.  Reddit CFO Drew Vollero told investors during its earnings call on Tuesday that the company plans to test AI-powered search result pages to “summarize and recommend content.” He noted this will help users “dive deeper” into content and discover new Reddit communities.  […]

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Europe’s most valuable fintech, and which startups became unicorns this year

Welcome to TechCrunch Fintech! This week, we’re looking at Revolut’s reported valuation hike, fintech unicorns, the Disrupt Fintech Stage, and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8 a.m. PT, subscribe here. The big story Revolut reportedly told staff last week of […]

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Amazon Music’s new AI feature lets you browse podcast episodes by topic 

Amazon Music announced Tuesday the launch of its new AI-powered feature, “Topics,” which allows users to explore podcast episodes by specific topics discussed in the episode.  When you visit the page of a podcast episode, look for new Topic tags below the episode description. You can tap on a tag to see a list of […]

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TechCrunch Minute: With Venu Sports, streaming gets serious about live sports

Live sports are finally moving onto streaming in a serious way, with a new service called Venu Sports set to launch this fall. This is a joint venture between Disney and Fox (which are part of the same company), as well as Warner Bros. Discovery. It will include 14 live sports channels, including the various […]

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GrubMarket has acquired Good Eggs

More consolidation is taking place in the world of online food delivery. TechCrunch has learned and confirmed that GrubMarket — the startup backed by Tiger Global, among others, that has quietly built a B2B empire in produce and grocery logistics — has acquired Good Eggs, the once-feted fresh food delivery startup that more recently fell […]

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Monday, August 5, 2024

UK’s Riverlane scores $75M to correct quantum errors

Quantum computing may still largely be in the theoretical domain, but the money that it’s attracting is very real. Riverlane, a specialist in quantum error correction technology, has raised $75 million to continue expanding its R&D and operations to build out its operations amid a surge of interest from quantum computing customers — technologists hard […]

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OpenAI co-founder Schulman leaves for Anthropic, Brockman takes extended leave

John Schulman, one of the co-founders of OpenAI, has left the company for rival AI startup Anthropic. In addition, OpenAI president Greg Brockman is taking an extended leave — through the end of the year — after nine years at the company to “relax and recharge,” the company confirmed. Peter Deng, a product manager who […]

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OpenAI co-founder Schulman leaves for Anthropic, Brockman takes extended leave

John Schulman, one of the co-founders of OpenAI, has left the company for rival AI startup Anthropic. In addition, OpenAI president Greg Brockman is taking an extended leave after nine years at the company to “relax and recharge,” the company confirmed. Peter Deng, a product manager who joined OpenAI last year after leading products at […]

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OpenAI co-founder leaves for Anthropic

John Schulman, one of the co-founders of OpenAI, has left the company for rival AI startup Anthropic. The news comes as The Information reports that OpenAI’s president, Greg Brockman, has taken an extended leave of absence and Peter Deng, a product manager who joined OpenAI last year after leading products at Meta, Uber and Airtable, […]

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