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Spotify says its payouts are getting better, but artists still disagree
Spotify on Tuesday released its annual Loud & Clear report, detailing information about the music streaming service’s royalty payments. While Spotify revealed earlier this year that it paid out $10 billion to the music industry in 2024, the new report offers more in-depth numbers about its payments in an effort to dispel reports that the company…
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Google has given Anthropic more funding than previously known, show new filings
Anthropic, a San Francisco startup often cast as an independent player in the AI race, has deeper ties to Google than previously known. Court documents recently obtained by The New York Times reveal that Google owns a 14% stake in the company and is set to pour another $750 million into it this year through…
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Meta is reportedly testing in-house chips for AI training
Meta is reportedly testing an in-house chip for training AI systems, a part of a strategy to reduce its reliance on hardware makers like Nvidia. According to Reuters, Meta’s chip, which is designed to handle AI-specific workloads, was manufactured in partnership with Taiwan-based firm TSMC. The company is piloting a “small deployment” of the chip…
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Bolt CEO Ryan Breslow explains his troubled $30M personal loan, announces new ‘super app’
Bolt CEO Ryan Breslow defended the $30M personal loan he took out from his startup, while announcing Bolt’s latest launch. © 2024 TechCrunch. All rights reserved. For personal use only.
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Trump says he will label violence against Tesla as domestic terrorism
President Donald Trump said he will label violence against Tesla dealerships as domestic terrorism, per a transcript shared by the White House pool reporters, a sign of deepening ties with Elon Musk. “Tesla Takeovers” have been breaking out across the globe at Tesla dealerships as people protest what they see as a hostile takeover of…
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The New Yorker has finally embraced modernity
When the first email was sent in 1971, Richard Nixon was president. The video game “Pong” was still in development. The Pittsburgh Pirates were a good baseball team. This is to say, technological achievements like the email have lived long enough to have their own grandchildren. And yet, one of the most storied magazines in…
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IBM’s CEO doesn’t think AI will replace programmers anytime soon
IBM CEO Arvind Krishna says that, despite the Trump Administration’s attacks on globalism, global trade isn’t dead. In fact, he thinks that the U.S.’s key to growth will be embracing an international exchange of goods. “So, I actually am a firm believer — I think it goes all the way back to the economists who…
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Y Combinator founders raising less money signal a ‘vibe shift,’ VC says
Otherwise Fund’s Terrance Rohan, investing in Y Combinator since 2010, says he noticed a “vibe shift” with this batch thanks to AI. © 2024 TechCrunch. All rights reserved. For personal use only.
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Apple fixes new security flaw used in ‘extremely sophisticated attack’
The flaw was in the browser engine WebKit, used by Safari and other apps. © 2024 TechCrunch. All rights reserved. For personal use only.
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OpenAI says it has trained an AI that’s ‘really good’ at creative writing
Watch out, fiction writers. OpenAI may have you in its crosshairs. In a post on X on Tuesday, OpenAI CEO Sam Altman said that the company has trained a “new model” that’s “really good” at creative writing. He posted a lengthy sample from the model given the prompt “Please write a metafictional literary short story…