Wednesday, October 23, 2024

Tesla is testing a robotaxi service that Elon Musk claims will launch next year

Elon Musk said he hopes to launch a service that will let people hail self-driving Tesla vehicles in California and Texas sometime in 2025 — and claims his company has already been testing the service in the Bay Area with employees. The comments, made Wednesday on Tesla’s third-quarter earnings call, go farther than what Musk […]

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Bessemer, Index, and a16z alum launch VC firm Chemistry

New VC firm Chemistry raised $350 million for its debut fund, Forbes reported on Wednesday. The firm was launched by Mark Goldberg, former partner at Index Ventures; Kristina Shen, former general partner at Andreessen Horowitz; and Ethan Kurzweil, former partner at Bessemer (pictured above in that order). Axios first reported in April that the three […]

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The Space Development Agency taps 19 companies for future defense demo missions

The Space Development Agency has selected 19 companies to compete for future contracts under a new program designed to rapidly onboard new contractors for defense demonstration missions.  These companies have essentially been preapproved to bid on future prototype missions to support the SDA’s Proliferated Warfighter Space Architecture, a massive planned satellite constellation in low Earth […]

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Boox’s phone-size e-reader gets faster processing and a fingerprint reader

In 2023, Boox turned heads with the Palma. The device blurred the line between e-readers and smartphones, by combining e-paper with Android. The initial pitch was something along the lines of a phone-sized Kindle that’s small enough to slip into a pocket. The product would be enticing for many if that were the only thing […]

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Arm reportedly cancels Qualcomm design license

In a move that could profoundly affect an already beleaguered global supply chain, Arm has reportedly issued Qualcomm a 60-day notice of cancelation for chip design licensing. The move, reported by Bloomberg, would have an impact on a majority of smartphone manufacturers who rely on Qualcomm chips. U.K.-based Arm, which licenses chip architecture, issued the […]

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Wayve starts testing its buzzy end-to-end self-driving tech in the US

Buzzy, well-funded U.K. startup Wayve is starting to test its self-learning automated driving software in San Francisco, and it’s celebrating that entry into the U.S. by also opening an office in Sunnyvale, CA. Wayve says it will start by testing a more limited version of its automated driving system — which is self-learning versus rules-based, […]

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Apple releases APIs for Apple Intelligence and localized English language support

Apple on Wednesday released developer betas iOS 18.2, iPadOS 18.2, and macOS Sequoia 15.2, delivering new Apple Intelligence features including Genmoji, Image Playground, Visual Intelligence, Image Wand, and ChatGPT integration. The software updates arrive the week before the public release of OS 18.1, iPadOS 18.1, and macOS Sequoia 15.1, which brings writing tools, image cleanup, […]

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Tuesday, October 22, 2024

Contactles stores to grow in Europe as Sensei reels in another $16M

While Amazon Go helped pioneer the concept of the totally contactless store, others, like 7-Eleven and Walmart, have entered the territory. And the arena is growing, in part because several startups — such as  Standard Cognition, Zippin, AiFi, Grabango, Trigo — have proliferated, offering their technology to retailers.  But in Europe, Portuguese startup Sensei has […]

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India’s Paytm wins approval to resume payments growth

Paytm, a leading Indian financial services firm, has received regulatory approval to resume adding new UPI payments users, following an eight-month restriction on many of its operations. UPI, which processes over 15 billion monthly transactions, dominates India’s online payments. Walmart-owned PhonePe and Google Pay process about 87% of UPI transactions, whereas Paytm’s market share has […]

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One Zero could be raising $100M

Welcome to TechCrunch Fintech! This week we’re looking at One Zero potentially raising $100 million, Apple Pay expanding support for loan options, and another way Stripe is making crypto a big priority for its business.  If you’d like to receive the Fintech newsletter in your inbox every Tuesday, sign up here! The big story One […]

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OpenAI hires its first chief economist

OpenAI has hired its first chief economist: Aaron Chatterji, formerly the chief economist at the Commerce Department under President Joe Biden and a senior economist in President Barack Obama’s Council of Economic Advisers. Chatterji, who’s also a professor of business and public policy at Duke, will study AI’s economic impacts at OpenAI, leading research into how […]

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Farewell to Foursquare’s app

“I would be lying if I didn’t admit that I have been in a real funk these last few days over this news,” writes Foursquare founder Dennis Crowley, speaking about the company’s plan to sunset the Foursquare City Guides app later this year in favor of focusing on its check-in app Swarm. The move reverses […]

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Thousands of creatives sign petition against AI data scraping

What do the actor Kevin Bacon, the novelist Kazuo Ishiguro, the musician Robert Smith, and the journalist and historian Sidney Blumenthal have in common? They are among the 11,500 signatories of a petition against unlicensed use of creative works for AI training. “The unlicensed use of creative works for training generative AI is a major, […]

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