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Threads is testing a post scheduling feature
Meta’s social network Threads is experimenting with a feature that will let you schedule posts, Instagram head Adam Mosseri said. Users who will get to test this feature won’t be able to schedule replies. “We want to balance giving people more control to plan their Threads posts while still encouraging real-time conversations,” he said. People…
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‘It’s dumb to IPO this year’: Databricks CEO explains why he’s waiting to go public
Databricks just closed one of the largest funding rounds ever, raising a staggering $10 billion in fresh capital. Naturally, technology investors were quick to ask what this means for the company’s highly anticipated IPO. During an event in San Francisco on Tuesday night, Databricks CEO Ali Ghodsi explained why he’s waiting until at least 2025…
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India’s MobiKwik surges 82% in market debut
Shares in digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading, as the Indian fintech company made its market debut amid fierce competition from larger rivals. The listing pushed MobiKwik’s market value to $464 million, well above its initial target of $250 million for the public offering. This remains…
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The DOJ wants a Perplexity executive to testify in its Google antitrust case
The US government is calling on a Perplexity executive to help make its case that Google is a monopolist. © 2024 TechCrunch. All rights reserved. For personal use only.
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Insight VC describes Databricks’ wild $10B deal and the bad advice the CEO ignored
It’s been a wild week for investors clawing their way into Databricks’ record-breaking $10 billion fund raising, one of the VCs told TechCrunch. © 2024 TechCrunch. All rights reserved. For personal use only.
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Salesforce plans to hire 2,000 people to sell its AI products
Cloud software giant Salesforce looks to hire thousands of new sales people to sell its AI tools to customers. The company plans to hire 2,000 new sales representatives, according to CNBC, which cited remarks from CEO Marc Benioff at a company event Tuesday. This doubles the hiring plans that Benioff told Bloomberg last month. Benioff…
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OpenAI says it has no plans for a Sora API — yet
OpenAI says it has no plans to release an API for Sora, its AI model that can generate reasonably realistic videos when provided with a text description or reference image. During an AMA with members of OpenAI’s dev team, Romain Huet, head of developer experience at OpenAI, said that a Sora API isn’t in the…
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Grubhub to pay $25M for ‘deceptive’ practices against customers, drivers
Grubhub will pay $25 million to settle a lawsuit from the Federal Trade Commission and Illinois Attorney General Kwame Raoul over unlawful practices, including misleading customers about delivery costs, deceiving drivers about potential earnings, and listing restaurants on its platform without their permission. The agencies claim that Grubhub hid the true cost of its delivery…
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AI boom masks fundraising struggles for non-AI startups
Earlier this year, IVP general partner Tom Loverro, proclaimed that the post-pandemic downturn is over, and companies that made it this far should prioritize growth over cost-cutting. Yet, the companies still struggling to raise their next round of financing at a higher valuation or survive altogether could still be in the thousands, according to Brian…
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Commonwealth Fusion Systems just picked its first commercial site partly because of its proximity to Washington, D.C.
The fusion startup intends to hook the power plant up to the grid in the early 2030s. © 2024 TechCrunch. All rights reserved. For personal use only.