During Snap’s fourth-quarter earnings call on Tuesday, CEO Evan Spiegel said that the uncertainty surrounding TikTok’s future has positively affected its business. “We’re not trying to draw too many conclusions from some of the engagement lift we saw when [TikTok] went dark for that brief period of time. I would say that the overall environment […]
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AMD says that it plans to launch its next major data center GPUs, the AMD Instinct MI350 series, sooner than originally announced. During the company’s Q4 2024 earnings call Tuesday, AMD CEO Lisa Su said AMD plans to sample the MI350 with “lead customers” this quarter, and “accelerate” production shipments to “mid-year.” “So, we had […]
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Powerhouse venture firm Andreessen Horowitz has hired Daniel Penny as an investor, its webpage confirms. Penny is the former Marine who was tried last year and found not guilty of criminally negligent homicide in the death of a homeless man on a New York City subway. After the man acted erratically, Penny held him in […]
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As a university student, Dalton Signor was troubled by how many people around him smoked or vaped, including his grandmother and 14-year-old sister. Signor (pictured center) felt that existing smoking cessation medicines, whether patches, gums, or lozenges, are not very effective because they take too long to start working. “They take about 30 minutes to […]
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Cruise is laying off 50% of its workforce as the robotaxi program ends.
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Four years after accidentally launching a VC firm, GTMfund founder Max Altschuler has raised a second oversubscribed $54 million fund.
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Thomas Shedd, the former Tesla engineer now serving as the director of Technology Transformation Services, reportedly outlined an “AI-first strategy” for the U.S. government department. According to a report from Wired citing multiple sources, the Musk ally described the plan to run the office like a “startup software company” during a Monday meeting. The New […]
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Swiss startup LogicStar is bent on joining the AI agent game. The summer 2024-founded startup has bagged $3 million in pre-seed funding to bring tools to the developer market that can do autonomous maintenance of software applications, rather than the more typical AI agent use-case of code co-development. LogicStar CEO and co-founder Boris Paskalev suggests […]
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On Tuesday morning, Spotify announced its fourth-quarter earnings, marking its first full year of profitability since its inception 17 years ago. The operating income for the quarter reached a record €477 million ($509.48 million) and amounted to €1.4 billion ($1.495 billion) for the 2024 fiscal year. Spotify also reported an addition of 35 million monthly […]
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Presentations.ai has raised $3 million in a seed round led by Accel to scale its AI-powered software for generating presentations.
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Adam Candeub, a known critic of Big Tech, looks poised to join the Federal Communications Commission (FCC). Candeub will be general counsel of the FCC, reports Semafor, which cites direct confirmation from FCC chairman Brendan Carr. TechCrunch has reached out to the FCC for more information. Candeub has long been a vocal critic of Section […]
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On Monday, Doug Ford, the premier of Ontario, one of Canada’s most populous provinces, announced on X that the province’s government would be “ripping up” its $68 million ($100 million CAD) contract with Elon Musk’s Starlink satellite internet service. The news came soon after President Donald Trump announced a 25% tariff on nearly all Canadian […]
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It’s never been easier to create and publish art than it is now, and if you believe the companies building tech around AI, the production process is going to get even more efficient. That’s especially the case with video production, with companies of all sizes using large language models to build tools that let you […]
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Asya Bradley, a former fintech founder and investor, has joined payments giant Stripe as its new head of Startup & Venture Capital Partnerships. Bradley announced the news on February 2 in a post on LinkedIn, though her bio shows that she joined Stripe back in November. Neither Stripe nor Bradley were immediately available for comment. […]
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Meta CEO Mark Zuckerberg has pledged to make artificial general intelligence (AGI) — which is roughly defined as AI that can accomplish any task a human can — openly available one day. But in a new policy document, Meta suggests that there are certain scenarios in which it may not release a highly capable AI […]
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