Wednesday, August 7, 2024

TechCrunch Minute: Is AI actually making workers more productive?

Is AI going to make us all more productive at work? Executives are feeling optimistic, but workers aren’t quite as convinced. That’s according to a new study from freelancing marketplace Upwork. The company says it surveyed 2,500 executives, full-time employees, and freelancers across the US, UK, Australia and Canada and asked them about their views […]

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Fintech Payoneer is buying 5-year-old global payroll startup Skuad for $61M in cash

New York-based fintech Payoneer has acquired Skuad, a Singapore-based global HR and payroll startup, for $61 million in cash, the company exclusively told TechCrunch.  Payoneer said it could also pay up to another $10 million, contingent on if Skuad meets various performance goals within the first 18 months of the acquisition. Payoneer also committed to […]

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

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

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

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

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

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’

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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