Nebius, the company formerly known as Yandex that’s now focused on cloud infrastructure for AI uses (aka “AI compute”), is to begin trading on the public markets once again — more than two years after the Nasdaq halted trading due to economic sanctions imposed in the wake of Russia’s Ukraine invasion in 2022. The Netherlands-based company […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, and that his startup, once valued at $22 billion, is now effectively worth “zero.” Speaking to a group of journalists, Raveendran said the company’s aggressive acquisition of more than two dozen startups to expand […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
The New York Times on Thursday published a look at the “fraying” relationship between OpenAI and its investor, partner, and, increasingly, rival, Microsoft, reporting their five-year romance has cooled owing to financial pressure on OpenAI, the amount of computing power Microsoft is providing OpenAI, and disagreements between the two about ground rules. Most fascinating perhaps […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
The startup's technology is a twist on the virtual power plant concept, in which batteries are aggregated and portions of the whole are sold off to various customers.
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
AWS CEO Matt Garman has harsh words for remote workers: return to the office or quit. The Amazon executive recently told employees who don’t like the new five-day in-person work policy that, “there are other companies around,” presumably companies they can work for remotely, Reuters reported on Thursday. Amazon’s top boss, Andy Jassy, told employees […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
Days after 159 people accepted Automattic CEO Matt Mullenweg’s offer of a six-month severance package to employees who wanted to leave, the company floated a new offer late on October 16 of a nine-month severance package to anybody who quit immediately. Employees had four hours to decide whether they wanted to take the deal. In […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
Despite Saudi Arabia’s record of human rights abuses, some investors are warming up to investing in the country’s startups. General Catalyst is planning to invest in a Saudi Arabia-based fintech startup, Lean Technology, the firm’s first investment in the Middle Eastern nation, the Information reported. Other Saudi Arabian startups that US-based investors recently backed include […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
Stripe is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes. The talks are reportedly in advanced stages, although nothing has been finalized. Bridge, cofounded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps companies accept stablecoins. The pair raised $58 million from investors […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
One of the tech industry’s biggest hype men, Salesforce CEO Marc Benioff, is psyched about AI, but points out that it hasn't cured cancer.
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
Google CEO Sundar Pichai announced on Thursday that Prabhakar Raghavan, the executive in charge of the company’s search engine and ads products, is leaving his role. Longtime Google executive Nick Fox will replace Raghavan, who will now take on the role of chief technologist. “Prabhakar has decided it’s time to make a big leap in […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
Eric Council Jr. and unnamed co-conspirators were allegedly behind the hack of the official @SECGov account on X.
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
A roundup of the year's billion-dollar take-private deals in the technology sector.
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
Time is ticking! We’re less than two weeks until the doors to TechCrunch Disrupt 2024 open. To ensure no one misses this highly anticipated event, we’re offering Expo+ 2-for-1 passes for the final days leading up to Disrupt 2024. Bring a friend, colleague, or family member to Moscone West in San Francisco from October 28-30. […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
Zepto is in advanced stages of talks to raise $100 million in new investment, its third in the last six months, as the leading Indian quick commerce startup looks to rope in more domestic investors, sources familiar with the talks told TechCrunch. The Mumbai-headquartered startup, which allows customers in multiple Indian cities order grocery, office […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.
According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $30 million to $40 million in Truemeds, an Indian online pharmacy that’s focused on providing customers with more affordable generic alternatives to costly branded medications. The talks are currently centered on a proposed valuation […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Posted from: this blog via Microsoft Power Automate.