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Klarna CEO Sebastian Siemiatkowski recently told Bloomberg TV that his company essentially stopped hiring a year ago and credited generative AI for enabling this massive workforce reduction. However, despite Siemiatkowski’s bullishness on AI, the company is not relying entirely on AI to replace human workers who leave, as open job listings — for more humans… Read more

Call it a reasoning renaissance. In the wake of the release of OpenAI’s o1, a so-called reasoning model, there’s been an explosion of reasoning models from rival AI labs. In early November, DeepSeek, an AI research company funded by quantitative traders, launched a preview of its first reasoning algorithm, DeepSeek-R1. That same month, Alibaba’s Qwen… Read more

XAI, Elon Musk’s AI company, may be embroiled in an escalating lawsuit with OpenAI. But that’s not stopping it from shipping new products — on a Friday night, no less. This evening, xAI revealed that it has begun to roll out an upgraded version of its flagship Grok 2 chatbot model to all users on… Read more

OpenAI co-founder Ilya Sutskever spoke on a range of topics at NeurIPS, the annual AI conference, Friday afternoon before accepting an award for his contributions to the field. Sutskever gave his predictions for “superintelligent” AI, AI more capable than humans at many tasks, which he believes will be achieved at some point. Superintelligent AI will… Read more

A former OpenAI employee, Suchir Balaji, was recently found dead in his San Francisco apartment, according to the San Francisco Office of the Chief Medical Examiner. In October, the 26-year-old AI researcher raised concerns about OpenAI breaking copyright law when he was interviewed by The New York Times. “The Office of the Chief Medical Examiner… Read more

Telegram launched a new page touting its moderation efforts, which have spiked since its founder’s arrest. © 2024 TechCrunch. All rights reserved. For personal use only. Read more

Kalshi CEO Tarek Mansour confirmed on a podcast interview that his employees asked social media influencers to promote memes about the FBI’s raid on the home of his archrival, the CEO of Polymarket.  Both companies offer competing events-betting markets, a new kind of betting industry where people wager about the outcomes of events ranging from… Read more

The raise is a bullish vote of confidence in climate and sustainability startups. © 2024 TechCrunch. All rights reserved. For personal use only. Read more

Databricks is close to finalizing a $9.5 billion round at a $60 billion valuation, including a secondary sale for employees that could climb even higher before it closes, Reuters reports. Just 17 days ago, Reuters reported that the deal was at $8 billion and a $55 billion valuation. Thrive Capital is leading the deal with… Read more

The oil and gas company announced that it’s planning to build a massive power plant for data centers. © 2024 TechCrunch. All rights reserved. For personal use only. Read more