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Synthesia snaps up $180M at a $2.1B valuation for its B2B AI video platform
As the world continues to work through how to handle the explosion of deepfake content online, it seems that not all AI-created videos are stirring controversy. Synthesia, a London startup building products around highly realistic AI avatar technology, says it’s a big hit with enterprises, with some 60,000 of them — 1 million users —…
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Nelly raises $51 million to digitalize medical practices across Europe
Nelly wants to become the biggest fintech startup in the healthcare industry. The Berlin-based startup is already working with more than 1,200 medical practices in a handful of European countries. But there are thousands more that could benefit from an upgrade for their administrative workflows. That’s why Nelly recently raised €50 million in funding (around…
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SEC sues Elon Musk for allegedly failing to disclose Twitter acquisition on time
The Securities and Exchange Commission filed a lawsuit against Elon Musk on Tuesday over an alleged securities violation relating to his acquisition of Twitter, now called X. The SEC claims Musk failed to disclose his 5% ownership stake of Twitter in a timely manner, violating federal securities law, according to a complaint filed in federal…
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Nvidia backs MetAI, a Taiwanese startup that creates AI-powered digital twins
Nvidia has been doubling down on the opportunity to build robotics and other industrial AI applications, with the launch of its Omniverse platform, and most recently Mega, an Omniverse Blueprint framework to create digital twins to operate these applications. It’s also investing in digital twin startups to get the effort off the ground. Taiwan’s MetAI…
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Accel doubles down on Sarla Aviation’s ambition to develop electric air taxis in India
Accel has backed Indian startup Sarla Aviation for its aim to develop flying taxis for mass mobility in the country. © 2024 TechCrunch. All rights reserved. For personal use only.
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Elon Musk tweets so much, people bet over $1M weekly to guess how many posts
Will Elon Musk post more than 400 tweets this week? With Polymarket, this to be one of the silliest ways people spend their money on the internet. © 2024 TechCrunch. All rights reserved. For personal use only.
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Biden admin’s final rule banning Chinese connected cars also bars robotaxi testing on U.S. roads
The U.S. Department of Commerce announced a final rule Tuesday that would ban the sale or import of connected vehicles from China and Russia due to national security concerns. The rule would also bar Chinese car companies, such as WeRide and Pony AI, from testing self-driving cars on U.S. roads. “China is trying to dominate…
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Nintendo Switch 2 could be announced this week: The rumors (and facts) so far
With CES 2025 finally in the rearview, it’s time to move on to the next round of big hardware announcements. Rumors have emerged over the last few weeks, pointing to an imminent announcement for the next-generation of Nintendo’s wildly successful hybrid Switch console. In particular, word from industry stalwart Eurogamer (among others) pegs a January…
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Intel spins off its corporate venture arm, Intel Capital, into a standalone fund
Intel says that it plans to spin off its corporate venture arm, Intel Capital, into a standalone fund, with Intel as an “anchor investor.” In a press release on Tuesday, Intel said that the move will “[enable] greater autonomy” and “the flexibility to attract external capital.” Intel expects Intel Capital to begin operating independently in…
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Meta execs obsessed over beating OpenAI’s GPT-4 internally, court filings reveal
Executives and researchers leading Meta’s AI efforts obsessed over beating OpenAI’s GPT-4 model while developing Llama 3, according to internal messages unsealed by a court on Tuesday in one of the company’s ongoing AI copyright cases, Kadrey v. Meta. “Honestly… Our goal needs to be GPT-4,” said Meta’s VP of Generative AI, Ahmad Al-Dahle, in…