Wednesday, December 11, 2024

Apple reportedly developing AI server chip with Broadcom

Apple is working with semiconductor company Broadcom on its first server chip designed to handle AI applications, according to The Information, which cited three people with knowledge of the project.  Apple is known for designing its own chips – called Apple Silicon and primarily manufactured by TSMC – for its devices. But those chips weren’t […]

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200 VCs wanted to get into Lumen Orbit’s $11M seed round

Lumen Orbit, a startup looking to build data centers in space, was able to close its recent seed round in mere days amid intense investor interest. The Redmond, Washington-based company closed on a $11 million seed round at a $40 million valuation, confirming prior TechCrunch reporting that the company had raised a competitive double-digit round […]

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HongShan, Peak XV back stablecoin-powered neobank KAST

Peak XV and HongShan, the Indian and Chinese investment firms that split from powerhouse Sequoia last year, have co-led a $10 million seed investment in KAST, a dollar-denominated neobank-like platform that lets customers hold and spend stablecoins through traditional payment avenues.  Kast also issues credit cards that work with standard merchant networks, enabling users to […]

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Tuesday, December 10, 2024

Lina Khan’s FTC era ends; Andrew Ferguson named chair

Andrew Ferguson, one of two Republican FTC commissioners appointed by U.S. President Joe Biden, will be the country’s next FTC chair, incoming president Donald Trump Tuesday on social media. The news is being met with relief in some circles. Current FTC Chair Lina Khan was blamed by many in Silicon Valley for a dearth of […]

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Court orders Mullenweg and Automattic to restore WP Engine’s access to WordPress.org

A California district court judge has granted a preliminary injunction to WP Engine. The order asks WordPress co-creator Matt Mullenweg and WordPress.com owner Automattic to restore WP Engine’s access to WordPress.org, a WordPress theme and plug-in repository site owned by Mullenweg. Judge Araceli Martinez-Olguin noted that WP Engine’s access to WordPress.org, themes, plugins, and subdomains. […]

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Cruise employees ‘blindsided’ by GM’s plan to end robotaxi program

The news came by Slack message.  Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s announcements channel along with a link to a press release entitled “GM to refocus autonomous driving development on personal vehicles.” GM, which acquired the self-driving car startup in 2016, would […]

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Phhhoto’s antitrust claim against Meta is heading back to the courts

A U.S. appeals court has overturned a decision in an antitrust lawsuit against Meta, which was filed in in late 2021 by the long-shuttered social app Phhhoto. In court, the startup alleged that Meta violated U.S. antitrust law by copying its core features and suppressing competition. U.S. District Judge Kiyo Matsumoto in 2023 granted Meta’s […]

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US Senator announces new bill to secure telecom companies in wake of Chinese hacks

U.S. Democratic Senator Ron Wyden announced a new draft bill with the goal of securing American telephone networks and Americans’ communications in response to the massive hack of telecom providers allegedly done by Chinese government hackers.  In a press release on Tuesday, Wyden announced the Secure American Communications Act. The bill would order the Federal […]

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Instagram rolls out ‘trial reels’ that aren’t shown to a creator’s followers

Instagram is officially rolling out “trial reels” to give creators a way to test out new content by publishing videos that don’t appear to their followers. The feature, which launched in testing in May, allows creators to experiment with new ideas and see what performs best without having to worry about how their followers may […]

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E-commerce marketplace platform Mirakl acquires ad optimization startup Adspert

French unicorn Mirakl is announcing its third acquisition in three years with the acquisition of Adspert, a German adtech startup focused on e-commerce advertising. Mirakl isn’t disclosing the terms of the acquisition, but the entire Adspert team of 30 employees will join Mirakl. As a reminder, Mirakl originally started as a software solution to add […]

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From Liam Payne to Coastal Granddaughters, here are the top trending searches for 2024, according to Google

Interest in Donald Trump surged higher than interest in Kamala Harris. People ate up content on Dubai chocolate bars. And the Yankees really did win. These are more insights all come from Google annual list of top trending searches, which it’s releasing today.  Google’s place is popular culture today is undisputed. It’s the biggest internet […]

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Monday, December 9, 2024

Automattic acquires WPAI, a startup that creates AI solutions for WordPress

WordPress hosting company Automattic said Monday that it is acquiring WPAI, a startup that builds AI solutions for WordPress, at an undisclosed price. WPAI has some products such as CodeWP, a tool to use AI to create WP Plugins; AgentWP, an AI assistant for WordPress site builders; and WP Chat, which is an AI-powered chat […]

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A test for AGI is closer to being solved — but it may be flawed

A well-known test for artificial general intelligence (AGI) is closer to being solved. But the tests’s creators say this points to flaws in the test’s design, rather than a bonafide research breakthrough. In 2019, Francois Chollet, a leading figure in the AI world, introduced the ARC-AGI benchmark, short for “Abstract and Reasoning Corpus for Artificial […]

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