Thursday, November 7, 2024

Amazon may up its investment in Anthropic — on one condition

Amazon is considering increasing its investment in OpenAI rival Anthropic. According to The Information, Amazon is in talks to invest multiple billions in Anthropic, its first financial pledge in the company since a $4 billion deal struck last year. The new investment is structured similar to the last one — but with a twist. Amazon […]

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Yelp just spent $80M on a site for car repair estimates

Yelp, which made a name for itself giving restaurant recs, just bought an auto services website. In the company’s earnings report on Thursday, Yelp revealed that it agreed to buy RepairPal, a site for car repair estimates, for $80 million in cash. The acquisition is expected to close by the end of the year, subject […]

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With this latest deal, Flipboard looks to build a news ecosystem beyond X

An effort to bring a broader news ecosystem to the open social web, also known as the fediverse, is now in the hands of the social magazine app Flipboard. Press.coop, a service that created mirrored accounts of top news publishers (including Reuters, AP, WSJ, NYT, BBC, CNN, and even yours truly), has transferred its collection […]

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Rivian takes revenue hit as supplier problem persists

Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts estimates — as the EV startup struggled to resolve a component shortage that disrupted production of its recently overhauled flagship R1S and R1T vehicles.  Last month, Rivian lowered its annual production guidance to 47,000 to 49,000 vehicles […]

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Glint Solar grabs $8M to help accelerate solar energy adoption across Europe

Solar energy is booming, which is good news for Glint Solar. The Norwegian software-as-a-service startup has built a platform that’s helping energy giants and large solar developers such as E.ON, Recurrent Energy, and Statkraft cut the time it takes to plan and pre-design solar installations to accelerate the transition to renewables. Glint’s software pulls in data […]

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Wednesday, November 6, 2024

Truecaller founders step down as spam-blocker regains momentum

The co-founders of Swedish caller identification app Truecaller are stepping back from day-to-day operations, marking the end of an era for one of Sweden’s most successful consumer technology companies as it pushes towards a goal of 1 billion users. Alan Mamedi and Nami Zarringhalam, who co-founded Truecaller in 2009, will hand over to Rishit Jhunjhunwala, […]

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Australia looks to ban social media for kids under age 16

Australian Prime Minister Anthony Albanese on Wednesday announced plans in the country to ban social media for children under 16, saying that “social media is doing harm to our kids, and I’m calling time on it.” The proposed legislation will enter parliament this year, taking effect a year after lawmakers ratify it, said Albanese, adding […]

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‘Prediction markets’ set to pay out $450M to election bettors

Following Donald Trump’s election victory, thousands of bettors anticipate a potential $450 million payout from online betting sites, says Reuters. As Trump’s odds surged on so-called prediction markets near the end of the race, platforms like Kalshi and Polymarket gained attention for diverging sharply from traditional polls, which suggested a much closer race.  Talking with […]

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SpaceX to launch Starship for the sixth time this month

SpaceX will conduct the sixth flight test of Starship, the largest rocket ever built, as soon as November 18 following the smooth success of the previous mission less than a month ago.  The high flight cadence is thanks, in part, to that success, which included the first-ever return of the Super Heavy booster to the […]

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iRobot lays off another 105 employees

Roomba maker iRobot is laying off 105 employees — about 16% of the company’s workforce, — according a U.S. Securities and Exchange Commission filing. The company says the cuts are part of an “operational restructuring plan.” Since the start of 2024, the company has reduced its global workforce by approximately 50%. The latest cuts come […]

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Apple iOS 18.2 public beta arrives with new AI features, but some remain waitlisted

Apple has released the AI-powered version of its latest mobile operating system, iOS 18.2, to its public beta users. The update includes new features like an AI emoji generator app called Genmoji, an Image Playground AI image app, ChatGPT integration with Siri, and visual search using the iPhone 16 cameras, among other things. Previously, these […]

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The FTC comes after neobank Dave for misleading marketing, hidden fees

The Federal Trade Commission (FTC) announced on Tuesday it will be taking action against the online cash app and neobank Dave, which it says used “misleading marketing to deceive consumers.” At issue is how Dave marketed $500 cash advances to consumers that it rarely offered, and the “Express Fee” it charged if customers wanted their […]

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Tuesday, November 5, 2024

Research Grid raises $6.4M to automate clinical trial admin

Amber Hill spent 14 years as a medical researcher. She didn’t mind the work, but there was one thing she consistently hated: administrative tasks.  “I think most people do, especially in research,” she told TechCrunch. She would rather be analyzing data or building relationships with patients, she said. “But I was spending so much time […]

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