Thursday, October 3, 2024

OpenAI also secured a massive credit line

In addition to OpenAI’s new $6.6 billion megaround of funding at a post-money valuation of $157 billion, the outfit has secured a $4 billion revolving line of credit, it disclosed in a post Thursday night. The arrangement gives it “access to over $10 billion in liquidity, which gives us the flexibility to invest in new […]

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YouTube takes on TikTok with longer Shorts, templates, trends, and more

YouTube on Thursday announced a series of updates for its short-form video product, YouTube Shorts. These include the ability for creators to upload videos up to three minutes in length. The company says it’s also updating the Shorts player, introducing templates, and adding a new Shorts trends page on mobile devices. Combined, the series of […]

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Quoroom acquires Investory to scale up its capital-raising platform for startups

These days, private investors have a range of options for investing in startups without having to deal with them in real life. This ecosystem more or less started with AngelList, but there are now a plethora of options — such as Carta, Allocations, Vauban and Odin — that startups can use to raise funding and […]

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Voyage AI is building RAG tools to make AI hallucinate less

AI tends to make things up. That’s unappealing to just about anyone who uses it on a regular basis, but especially to businesses, for which fallacious results could hurt the bottom line. Half of workers responding to a recent survey from Salesforce say they worry answers from their company’s generative AI-powered systems are inaccurate. While […]

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Uber taps Yandex spinout Avride for autonomous delivery and ride-hail partnership

Uber is not done snatching up autonomous vehicle partnerships.  The ride-hail and delivery giant on Thursday announced a multi-year deal with Yandex spinout Avride to bring the company’s sidewalk delivery robots and autonomous vehicles to both Uber Eats and Uber.  It’s the latest in a series of deals from Uber over the last two months […]

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Hey, UK! Here’s how to ‘opt out’ of Meta using your Facebook and Instagram data to train its AI

After Meta recently reignited controversial plans to use the public posts of U.K. Facebook and Instagram users’ as AI training fodder, the social networking giant has taken the next step and begun to notify local users it will soon start helping itself to their information again. The bad news is the process Meta has devised […]

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ETH Zurich spinoff Voliro’s flying robots save lives, but don’t tell its CEO

We have only touched the surface of what drones can do and how ubiquitous they will become. This is also true in industry, where they have the potential to replace human labor in risky activities such as inspection at height. Swiss startup Voliro operates in this space, with flying robots that can inspect wind turbines, […]

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Spotify adds a new, automatically updating playlist for offline listening

Spotify introduced a new feature today called Offline Backup. This feature for premium users is essentially a list of songs you recently listened to and that you can consume offline. It updates automatically based on your listening history. Paid users can already download songs for offline consumption. But Spotify wants to give them more songs […]

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Scammed and exploited, she built an AI-driven app for immigrants like her

Immigrants face an enormous number of challenges and difficulties. In particular, without a local base of family or friends to depend on, new immigrants often find themselves in the dark about reliable information on essential services like housing, healthcare and banking. After being scammed and exploited, one immigrant founder decided to try to help other […]

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Google taps India’s love for gold to boost its credit play

Google is leveraging India’s deep-rooted affinity for gold to expand its reach in the lending market of the world’s most populous nation. The company said on Thursday that Google Pay has partnered with Muthoot Finance, India’s largest gold-backed loans provider, to offer secured loans to users across the country.  Google said the move aims to […]

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Google Maps will show AI-powered review summaries in India

Google is adding new AI-powered features on Maps in India including AI-powered summaries, the ability to search for experiences, and weather alerts. The Maps app will analyze reviews and show summaries of places, it said. The company made the announcement at its annual Google for India event on Thursday. Additionally, users will be able to […]

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Google flexes its edge in India in AI showdown

Google is ramping up its artificial intelligence efforts in India to integrate AI across its products for Indians — a move that escalates the growing rivalry among U.S. tech firms in a market where competitors are lagging behind. At its 10th Google for India event on Thursday, the company said it was deploying its AI […]

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