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The curious case of Nebius, the publicly traded AI infrastructure ‘startup’
On October 21, a new ticker opened to Nasdaq traders: NBIS, a truncation of Nebius, a fledgling player in the AI cloud infrastructure space. Casual observers could be forgiven for wondering where this company had come from, as there had been little in the way of the usual fanfare that surrounds most startups’ journey to […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-24 13:00:00
How a digital “you” can sit through your agonizing web conference calls
Now you can appear to be on a Zoom call in your office, even when you’re sipping a margarita in a hammock far, far away. Courtesy of a months-old startup called Pickle, its pitch is simple: submit a five-minute-long training video of yourself to create an avatar, and 24 hours later, ostensibly, you’re ready to […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-24 02:56:17
‘Wolfs’ sequel canceled because director ‘no longer trusted’ Apple
It may be hard to remember, but George Clooney and Brad Pitt co-starred in a movie, “Wolfs,” that Apple released just two months ago. On Friday, the film’s writer and director Jon Watts said Friday that a sequel is no longer happening; in a follow-up interview with Deadline, he explained that he “no longer trusted […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-23 22:26:31
DOJ tells Google to sell Chrome
Welcome back to Week in Review. This week, we’re exploring the DOJ telling Google to sell off Chrome to break up its monopoly, OpenAI accidentally deleting potential evidence in The New York Times’ copyright lawsuit against it, and how AI companies are using TikTok brainrot for study tools. Let’s do this. The U.S. Department of […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-23 21:17:00
Tesla says it has reached a ‘conditional’ settlement in Rivian trade secrets lawsuit
Tesla and Rivian may have resolved a lawsuit in which Tesla accused Rivian of poaching employees and stealing trade secrets. Bloomberg reports that Tesla told a California judge that the companies have reached a “conditional” settlement, and that it expects to seek dismissal of the lawsuit by December 24. Tesla filed the suit, which was […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-23 19:12:53
How ‘Scattered Spider’ hacked some of the world’s biggest tech giants, and got caught
The prolific hacking group broke into Caesars Entertainment, Coinbase, DoorDash, Mailchimp, Riot Games, Twilio (twice), and dozens more. © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-23 15:00:00
Trump’s tariff threats don’t scare this Mexican fintech
Mexico’s economic development — turbocharged by the amount of nearshoring in recent years — has made it fertile ground for startups. But the trend is under threat if President-elect Donald Trump follows through with his idea of taking a harder line on trade with Mexico.  Jaime Tabachnik, co-founder and CEO of Mexican trucking finance startup […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-23 14:00:00
Meet three incoming EU lawmakers in charge of key tech policy areas
The European Union looks to have clinched political agreement on the team of 26 commissioners who will be implementing President Ursula von der Leyen’s policy plan for the next five years. A final vote is still pending next week, but on Thursday, Politico’s Brussels Playbook newsletter reported a deal in the European Parliament on the […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-23 13:00:00
OpenAI accidentally deleted potential evidence in NY Times copyright lawsuit (updated)
Lawyers for The New York Times and Daily News, which are suing OpenAI for allegedly scraping their works to train its AI models without permission, say OpenAI engineers accidentally deleted data potentially relevant to the case. Earlier this fall, OpenAI agreed to provide two virtual machines so that counsel for The Times and Daily News […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-23 05:07:00
Sequoia marks up its 2020 fund by 25%
Sequoia says no exits, no problem. The Silicon Valley titan of venture marked up the value of its 2020 Sequoia Capital U.S. Venture XVII fund by 24.6% in June, at the end of a 12-month period, according to PitchBook, which ran analysis on data from the Regents of the University of California’s endowment. Sequoia’s markup […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-22 23:54:40
Illumen Capital doubles down on supporting underrepresented funds
Illumen Capital is doubling down on its support for fund managers and founders from underrepresented communities. The firm is an impact fund of funds that has previously supported ways to address racial bias in investing. Yesterday, the firm, founded by Daryn Dodson, announced the raise of a $32.75 million “Catalyst Fund “to once again support […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-22 23:33:00
Gilroy, former Coatue fintech head, and angel investor Rajaram launch VC firm
Michael Gilroy, a former head of fintech investments at Coatue, and Gokul Rajaram, a longtime tech executive and prolific angel investor, are forming a yet-to-be-named venture firm and plan to begin fundraising toward a $400 million to $500 million debut fund early next year, Bloomberg reported. The firm will invest in U.S.-based early-stage fintech and […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-22 23:17:45
Tour the new Hyundai Ioniq 9
Emme Hall takes a closer look at the new Hyundai Ioniq 9, an all-electric three-row SUV. © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-22 22:45:17
ChatGPT: Everything you need to know about the AI-powered chatbot
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved into a behemoth used by more than 92% of Fortune 500 companies. That growth has propelled OpenAI itself into […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-22 22:30:00
OpenAI is funding research into ‘AI morality’
OpenAI is funding academic research into algorithms that can predict humans’ moral judgements. In a filing with the IRS, OpenAI Inc., OpenAI’s nonprofit org, disclosed that it awarded a grant to Duke University researchers for a project titled “Research AI Morality.” Contacted for comment, an OpenAI spokesperson pointed to a press release indicating the award […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-22 22:25:27
Y Combinator often backs startups that duplicate other YC companies, data shows — it’s not just AI code editors
An analysis of all nearly 5,000 companies YC has backed to date reveals a surprising truth: YC startups don’t have to be unique. Far from it. © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-22 22:05:00
Hyundai and Kia recall 208,000 EVs
Hyundai, Kia, and Genesis are recalling about 208,000 EVs in the United States due to an issue that could cause the vehicles to suddenly lose power, according to several filings with the National Highway Traffic Safety Administration. The recall was first reported by Reuters. The problem originates with the integrated charging control unit (ICCU), which […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-22 21:17:56
Money for tech that matters
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. If you’d like to receive this newsletter in your inbox every Friday, sign up here! The week before Thanksgiving is typically busy with announcements of all sorts, but this week has been particularly interesting. Money was flowing to big problems, like defense, cybersecurity, and […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-22 20:04:00
Fondo wants to mitigate the American accountant shortage with its AI bookkeeping service
Despite all the talk of doom and gloom about the economy, entrepreneurship is actually on the rise in the U.S.: In 2024, an average of 430,000 new business applications were submitted every month, marking a 50% rise from 2019. But the number of accountants these new businesses will need to maintain their books, file taxes, […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-22 19:59:00
LinkedIn co-founder Reid Hoffman warns against Elon Musk’s ‘conflict of interest’ in setting AI policies
Reid Hoffman, co-founder at LinkedIn and Inflection AI, shared his expectations for the incoming Trump administration in an opinion piece for the Financial Times. And while he appears hopeful that President-Elect Donald Trump could clear the way for more competition and faster innovation in the technology industry, Hoffman also expressed concerns around Trump providing certain […] © 2024 TechCrunch. All rights reserved. For personal use only.
Published: 2024-11-22 19:57:28
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