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Amazon to buy Indian BNPL startup Axio for over $150M
Amazon has agreed to acquire Indian buy-now, pay-later startup Axio, deepening its push into financial services in one of its fastest-growing markets. The e-commerce group, which has held an equity stake in Axio for six years, signed the acquisition agreement in December after completing due diligence, the Indian startup said in a blog post. Financial…
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In AI copyright case, Zuckerberg turns to YouTube for his defense
Meta CEO Mark Zuckerberg appears to have used YouTube and its battle to take down pirated content to defend his own company’s use of a data set containing copyrighted e-books to train AI models, newly released snippets of his deposition reveals. The deposition, which was part of a complaint submitted to the court by plaintiffs’…
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Chinese AI company MiniMax releases new models it claims are competitive with the industry’s best
Chinese firms continue to release AI models that rival the capabilities of systems developed by OpenAI and other U.S.-based AI companies. This week, MiniMax, an Alibaba- and Tencent-backed startup that has raised around $850 million in venture capital and is valued at more than $2.5 billion, debuted three new models: MiniMax-Text-01, MiniMax-VL-01, and T2A-01-HD. MiniMax-Text-01…
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Hindenburg Research, a short seller that targeted tech and EV companies, is closing up shop
When Hindenburg Research posts a blog on its website, it often means a company’s final days are near. Today, that company is Hindenburg Research. Nate Anderson announced Wednesday he has shut down short-selling firm Hindenburg Research, after a seven-year run issuing damning reports about high-profile companies, including many of the technology world’s giants and buzzy…
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Reusable rocket startup Stoke raised another massive round: $260M
Y Combinator alum Stoke has an ambitious goal to build the first fully reusable rocket and VCs have opened their wallets wide. © 2024 TechCrunch. All rights reserved. For personal use only.
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Governments call for spyware regulations in UN Security Council meeting
Several governments participated in a meeting on the proliferation of commercial spyware at the United Nations Security Council. © 2024 TechCrunch. All rights reserved. For personal use only.
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More teens report using ChatGPT for schoolwork, despite the tech’s faults
Younger Gen Zers are embracing OpenAI’s AI-powered chatbot, ChatGPT, for schoolwork, according to a new survey by the Pew Research Center. But it’s not clear that they’re fully aware of the tech’s pitfalls. In a follow-up to its 2023 poll on ChatGPT usage among young people, Pew asked ~1,400 U.S.-based teens ages 13 to 17…
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Samsung will unveil the Galaxy S25 on January 22 — here’s what we expect
The biggest reveal from last week’s Samsung CES press conference may well have been another press conference. The hardware giant closed out the main event by teasing the company’s upcoming show. The next Samsung Unpacked event is set for January 22 at 10 a.m. PT. As with all recent Unpackeds, next week’s big show will…
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Duolingo sees 216% spike in U.S. users learning Chinese amid TikTok ban and move to RedNote
TikTok U.S. users have been learning Chinese on Duolingo in increasing numbers amid their adoption of a Chinese social app called RedNote ahead of the TikTok ban. The U.S. law, scheduled to go into effect on January 19, unless halted by the Supreme Court, will see TikTok removed from U.S. app stores and will stop…
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Meta adds 200 megawatts of solar to its 12 gigawatt renewable portfolio
The news comes as tech companies ramp up their AI ambitions, adding data centers at a breakneck pace and boosting demand for power. © 2024 TechCrunch. All rights reserved. For personal use only.