Friday, December 20, 2024

EV startup Canoo places remaining employees on a ‘mandatory unpaid break’

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Struggling electric van startup Canoo has placed its remaining employees on what it’s calling a “mandatory unpaid break” through at least the end of the year, according to an email obtained by TechCrunch. The company told employees they are being locked out of Canoo’s systems at the end of the day Friday, according to the […]

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Google is expanding Gemini’s in-depth research mode to 40 languages

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Google said Friday that the company is expanding Gemini’s latest in-depth research mode to 40 more languages. The company launched the in-depth research mode earlier this month, allowing Google One AI premium plan users to unlock an AI-powered research assistant of sorts. The in-depth function works in a multi-step method, from creating a research plan […]

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OpenAI announces new o3 models

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OpenAI saved its biggest announcement for the last day of its 12-day “shipmas” event. On Friday, the company unveiled o3, the successor to the o1 “reasoning” model it released earlier in the year. o3 is a model family, to be more precise — as was the case with o1. There’s o3 and o3-mini, a smaller, […]

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OpenAI 2024 event: How to watch new ChatGPT product reveals and demos

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OpenAI is in the holiday spirit, it seems. The ChatGPT series of reveals, called “12 Days of OpenAI,” will be streamed live at 10 a.m. PT each weekday through December 20. So far, we’ve seen the launch of ChatGPT Pro, OpenAI’s $200 per month subscription plan; the full version of its “reasoning” o1 model; the […]

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Swizzle Fund raises $5M for inaugural fund addressing women’s health and wealth

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There is a new venture fund in town. Swizzle Fund, founded by Jessica Kamada, former COO of the marketing agency Bamboo, has raised just a little more than $5 million for its Fund I, according to an SEC filing. There was no target raise amount.  The firm, which quietly opened in 2023, is an early-stage […]

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British university spinoff Mindgard protects companies from AI threats

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AI creates a dilemma for companies: Don’t implement it yet, and you might miss out on productivity gains and other potential benefits; but do it wrong, and you might expose your business and clients to unmitigated risks. This is where a new wave of “security for AI” startups come in, with the premise that these […]

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Thursday, December 19, 2024

European Solo GP Robin Capital closes first fund with €15M to play with

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Robin Capital — the Germany-based, Solo GP-led VC fund by former entrepreneur Robin Haak — has hit its final close of ‘Robin Fund One’ at €13 million. Combined with its additional growth-focused investment vehicle of €2m, the fund now has a total of €15 million to play with. In the realm of European Solo GPs, […]

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Sequoia’s Matt Miller is exiting the firm after making headlines earlier this year

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The writing was on the wall, seemingly.  Sequoia Capital partner Matt Miller announced on Wednesday that he’s leaving the powerhouse outfit after a 12-year career to build his own new firm focused on European founders. He added he will remain a venture partner with Sequoia and maintain his board seats while fleshing out the “specifics […]

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Sam Altman once owned some equity in OpenAI through Sequoia

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OpenAI CEO Sam Altman sat before Congress in 2023 to testify about the dangers of AI. He told American lawmakers at the time that he owns no equity in OpenAI, something he’s said many times, claiming he just runs the company because he loves it. However, Altman recently said he actually did have some equity […]

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Perplexity has reportedly closed a $500M funding round

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AI-powered search engine Perplexity has reportedly closed a $500 million funding round, valuing the startup at $9 billion. Bloomberg, citing sources familiar, reports that the round was led by Institutional Venture Partners, and that it closed earlier in December. In an email to TechCrunch, a Perplexity spokesperson declined to comment. The mammoth tranche comes as […]

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Boon raises $20.5M to build agentic AI tools for fleets

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Logistics is the name of the game during the holiday season: Companies that can seal the deal and get people and things to the places they need to be, on time, rake it in this time of year.  But behind that demand lies a huge amount of inefficiency and fragmentation. Are logistics businesses ready for […]

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