Wednesday, August 7, 2024

EQT takes a majority stake in cybersecurity firm Acronis at a $3.5B+ valuation

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Cybersecurity remains a white-hot space for investors, and in the latest deal, EQT is taking a majority stake in Acronis, a security company that specializes in data protection, cloud and integrated security solutions for managed service providers (who in turn resell services to consumers) and corporate IT teams. Financial terms of the deal — including […]

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Amazon upgrades its AI image generator

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Amazon has released an upgraded version of its in-house image-generating model, Titan Image Generator, for AWS customers using its Bedrock generative AI platform. Simply called Titan Image Generator v2, the new model brings with it several new capabilities, AWS principal developer advocate Channy Yun explains in a blog post. Users can “guide” the images they […]


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X is getting closer to launching its payment service

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X (formerly Twitter) appears to be making progress on its upcoming payments system, bringing it closer to Elon Musk’s vision of turning X into an “everything app.”   According to a recent finding by app researcher Nima Owji, the company is working on adding a “Payments” button to the navigation bar under the bookmarks tab. Owji, […]


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Dawn Aerospace’s rocket-propelled aircraft takes flight

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Dawn Aerospace’s rocket-powered aircraft soared to new heights in its latest test campaign, as the company looks to build what could be the highest-performance aircraft to take off from a runway. The series of three flights, which were completed in late July, saw the Mk-II Aurora vehicle achieve a maximum speed of Mach 0.92 and […]


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Waymo expands robotaxi coverage in Los Angeles and San Francisco

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Waymo, the Alphabet-owned self-driving car company, is adding another 10 square miles to its robotaxi service area to include cities surrounding San Francisco.  The move, which adds Daly City, Broadmoor and Colma, pushes its total commercial service territory to about 55 square miles. Waymo said Tuesday it is also adding 16 square miles of new robotaxi […]


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Tuesday, August 6, 2024

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

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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

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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

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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

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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 

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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

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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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