Friday, December 6, 2024

Elon Musk donated more than $260 million to elect Donald Trump

Fresh campaign financing data shows that Elon Musk poured more than $260 million into political groups in 2024 that helped Donald Trump win the presidential election and, consequently, secured a position for himself as the co-head of government efficiency, according to the Federal Election Commission. The New York Times reported that Musk and the entities he […]

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OpenAI considers ditching provision that would prevent AGI from being used for commercial gain

According to the Financial Times, OpenAI is considering ditching a provision that would shut Microsoft, a major partner and investor, out of its most advanced technology when OpenAI achieves artificial general intelligence (AGI). Exactly when OpenAI creates AGI, which the startup defines as “highly autonomous systems that outperform humans at most economically valuable work,” is […]

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Fly Ventures sets its eyes on technical founders with a fresh €80M fund

Fly Ventures, the Berlin-based VC that invests in seed-stage European startups within enterprise and deep tech, has launched its third fund at €80 million. The firm raised its last €53 million fund in 2020. Aiming at technical founders, the firm claims Fund III was oversubscribed and raised in a single closing. Meanwhile, the small increase […]

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Thursday, December 5, 2024

MobiKwik slashes valuation by 73% in India IPO

MobiKwik, an Indian financial services startup, has cut its planned IPO size for the third time, setting a price band of 265-279 Indian rupees ($3.1-3.3) that values it at $250 million — down sharply from its $924 million private valuation in 2021. The Gurugram-based fintech, backed by Peak XV and ADIA, is seeking to raise […]

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GitLab names Bill Staples as its new CEO

GitLab, the popular developer and security platform, has named a new CEO, Bill Staples, effective immediately. Staples, who’s also been appointed to the company’s board of directors, succeeds CEO Sid Sijbrandij, who’s battling a rare form of cancer. Sijbrandij will transition to executive chair of the board. “I believe [Bill’s] passion for software, commitment to […]

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OpenAI’s o1 model sure tries to deceive humans a lot

OpenAI finally released the full version of o1, which gives smarter answers than GPT-4o by using additional compute to “think” about questions. However, AI safety testers found that o1’s reasoning abilities also make it try to deceive humans at a higher rate than GPT-4o — or, for that matter, leading AI models from Meta, Anthropic, […]

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Ex-PayPal COO David Sacks is Trump’s new crypto and AI ‘czar’

Incoming President Donald Trump has a new crypto and AI “czar”: ex-PayPal COO David Sacks. Trump announced Sacks’ appointment Thursday in a post on Truth Social, Trump’s social networking platform. “[Sacks] will work on a legal framework so the Crypto [sic] industry has the clarity it has been asking for, and can thrive in the […]

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Zopa, the UK neobank, snaps up $85M at a $1B+ valuation, eschewing the IPO route

Some believe Klarna’s planned IPO in 2025 could set the stage for other fintech startups to go public. But with the tech IPO market still sluggish, one of the candidates hotly tipped to follow suit has instead just announced a fundraise, and its CEO says going public is “not a priority.” Zopa, the UK neobank […]

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Planet A Foods nabs $30M to make tons more cocoa-free chocolate

Turning sunflower seeds into sustainable, cocoa-free chocolate has netted Munich-based B2B foodtech startup Planet A Foods (formerly QOA) a $30 million Series B funding round. Now, the Y Combinator alum is gearing up for industrialization, with the funds set to be deployed to scale its production capacity by around 7.5x. The round fast follows a […]

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Uber will need to fingerprint drivers in California to transport teens

Uber has 30 days to require certain drivers to get fingerprinted if the ride-hail giant intends to continue transporting unaccompanied teens in California.  The California Public Utilities Commission issued a ruling Thursday that requires taxi and ride-hail drivers who are carrying unaccompanied minors in the state to pass a fingerprint background check. The ruling also […]

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Meta eases up on issuing strikes for Facebook users and Instagram creators

Days after Meta admitted that it’s been over-moderating its content, with mistakes impacting creators, the company announced an expansion of a new policy that will help to keep creators from being penalized after violating Meta’s Community Standards when they mess up for the first time. On Thursday, Meta said that the policy, which launched in […]

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Women in AI: Tamar Eilam is helping IBM build sustinable computing

To give AI-focused women academics and others their well-deserved — and overdue — time in the spotlight, TechCrunch is launching a series of interviews focusing on remarkable women who’ve contributed to the AI revolution. Tamar Eilam has worked at IBM for the past 24 years. She’s currently an IBM fellow, serving as chief scientist for […]

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OpenAI may be planning a ChatGPT Pro plan for $200 per month

OpenAI’s “12 days of shipmas” event doesn’t kick off for a few hours, but the first big announcement might’ve been revealed early. A staging page on a website used by OpenAI refers to a “ChatGPT Pro” plan that includes all the benefits of ChatGPT Plus, as well as new goodies. https://t.co/VkokDtYfkB pic.twitter.com/zXf2mQN2y8 — Tibor Blaho […]

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TikTok partners with Nielsen to track cross-media ad campaign performance

TikTok has formed a partnership with Nielsen that will allow advertisers and agencies to directly compare ad performance on TikTok across all screens, including digital, CTV, and linear. Nielsen says the partnership will allow advertisers to get a better understanding of TikTok’s contribution to audience reach, while also helping them better place their ads across […]

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