Author: Jason
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Ryan Breslow is back as CEO of fintech Bolt, after years of controversy
Ryan Breslow is once again the CEO of Bolt, the fintech company told TechCrunch on Wednesday. Bolt shared a communication that recently went out to investors in which Breslow wrote that “following a challenging few years,” he had been reinstated as Bolt’s CEO with “unanimous approval” of the board of the one-click checkout company. Justin… Read more
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Ahead of a possible $4 billion IPO, CoreWeave’s founders already pocketed $488 million
CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific cloud service from its network of 32 data centers that together have more than 250,000 Nvidia GPUs as of the end of 2024, according to the company. Since then, it has also added a number of… Read more
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Anna Patterson’s Ceramic.ai looks to help enterprises build AI models faster and more efficiently
Anna Patterson has had a storied career in Silicon Valley. She founded three startups, including search engine upstarts Xift and Cuil, as well as recall.archive.org, which became the Internet Archive. She was the vice president of engineering at Google, and later on started Gradient Ventures, an AI-focused seed fund. And she isn’t done building. Patterson… Read more
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Google Search’s new ‘AI Mode’ lets users ask complex, multi-part questions
Google is launching a new “AI Mode” experimental feature in Search that looks to take on popular services like Perplexity AI and OpenAI’s ChatGPT Search. The tech giant announced on Wednesday that the new mode is designed to allow users to ask complex, multi-part questions and follow-ups to dig deeper on a topic directly within… Read more
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Hyundai pairs up with Yandex spinoff Avride to develop robotaxis
Hyundai Motor Company and Avride have agreed to jointly develop autonomous vehicles in a tie up that will deepen the relationship between the two companies. The deal will focus on autonomous vehicle technology designed for robotaxis. The two companies will also look into other use cases for the technology, including autonomous delivery services using Avride’s… Read more
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Justice Department charges Chinese hackers-for-hire linked to Treasury breach
The individuals are accused of hacking over 100 U.S. organizations over the course of a decade © 2024 TechCrunch. All rights reserved. For personal use only. Read more
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Anthropic quietly removes Biden-era AI policy commitments from its website
Anthropic has quietly removed from its website several voluntary commitments the company made in conjunction with the Biden Administration in 2023 to promote safe and “trustworthy” AI. The commitments, which included pledges to share information on managing AI risks across industry and government and research on AI bias and discrimination, were deleted from Anthropic’s transparency… Read more
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Flex, a Brex for business owners, has raised $25M at a $250M valuation
Flex, which offers personal finance software and payments infrastructure for business owners, has raised $25 million in equity funding while securing a $200 million credit facility, it told TechCrunch exclusively. The equity funds were raised at a valuation of “just under $250 million.” The company last raised a $20 million Series A announced in September… Read more
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Growth at all costs is destroying the internet. PR maven Ed Zitron says that’s an opportunity for startups
If you spend any amount of time online, you probably noticed that your user experience keeps getting worse. Websites are waterlogged with autoplay ads, pop-ups, and tracking scripts. Customer service chatbots are useless, despite the promises of generative AI. Social media algorithms boost rage-bait to keep you scrolling and engaged. Dating apps hide all the… Read more
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EU must ‘fully’ apply its market fairness rulebook on Google, search rivals urge
The European Union is once again being urged to expand its investigation of Google under the bloc’s Digital Markets Act (DMA). The big aim of the EU’s flagship competition reform — which came into force last spring — was to level the digital playing field by forcing platform giants into fairer dealing with rivals and… Read more