Our news
-
A Chinese tech giant says it slashed AI costs using only Chinese chips
Earlier this year, DeepSeek briefly crashed Nvidia’s stock because of speculation that its models require far fewer chips. Now, Chinese fintech giant Ant Group, which is backed by Alibaba founder Jack Ma, is claiming a major AI breakthrough. Ant was able to use Chinese chips made by Alibaba and Huawei to create methods that cut…
-
a16z- and Benchmark-backed 11x has been claiming customers it doesn’t have
Last year, AI-powered sales automation startup 11x appeared to be on an explosive growth trajectory. However, nearly two dozen sources – including investors, current and former employees – tell TechCrunch that the company has experienced financial struggles, largely of its own making. Numerous people in the U.S. and U.K. told TechCrunch that the situation has…
-
Vertical farming company Plenty files for bankruptcy after raising nearly $1B
Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday. In its statement, Plenty said it has received a commitment for $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan. It plans to continue to operate a strawberry farm in Virginia and a plant science…