Latest Updates Around The World
Drew Perkins has been inventing computer networking technology and building startups since the dawn of the Internet age. Now he’s back as co-founder and CEO of an AI networking startup Mridu that officially comes out of stealth on Tuesday with an oversubscribed $200 million Series A round. The round was led by Socratic Partners, noted […]
Last month, OpenAI said it will introduce ads for users of the free and Go tiers in ChatGPT. The company introduced ads for US-based users earlier this month, following criticism from rivals such as Anthropic, which published a series of Super Bowl ads. On the sidelines of the India AI Summit, TechCrunch asked OpenAI COO […]
Tech giants’ efforts to ramp up AI adoption in India may be at a crossroads as companies put an end to free promotions in the hope of turning the world’s fourth-largest economy into a windfall of paid subscribers. India became the world’s largest market for downloading generative AI apps by 2025, according to market intelligence […]
Xstreaman Indian fintech startup, has received backing from both Stripe and PayPal Ventures in a $16.6 million funding round. The investment comes as the company works to establish a position in cross-border B2B payments, a market still dominated by banks and manual processes. The Series A round was led by General Catalyst, with participation from […]
Lucid Motors is laying off 12% of its workforce in an effort to “improve operational effectiveness and optimize our resources as we continue on our path to profitability,” according to an internal memo obtained by TechCrunch. Hourly workers on the production, logistics and quality teams will not be affected by the cuts, according to the […]
Modal Labs, a startup specializing in AI inference infrastructure, is raising a new round at a valuation of about $2.5 billion, according to four people with knowledge of the deal. Should the deal close on these terms, the financing round would more than double the company’s valuation $1.1 billion announced less than five months ago. […]
Just before a bankruptcy judge was expected to approve the sale of Luminar’s lidar business, an unknown party submitted a bid that apparently rejected the highest bid of $33 million. The offer, made just before Tuesday’s hearing, kicked off a series of quick meetings between Luminar’s remaining leadership team and its lawyers, a “special transaction […]
AI chatbots are getting better at answering questions, summarizing documents, and solving math equations, but they still largely act like helpful assistants for one user at a time. They’re not designed to handle the messier work of true collaboration: coordinating people with competing priorities, tracking long-term decisions, and keeping teams aligned over time. Humans&, a […]
TRAVIS Kelce urged fiancée Taylor Swift to “be wary” of her friendship with Blake Lively, with sources claiming he was uncomfortable with the way the actress was speaking to the global superstar. Bombshell private text messages between the famous women have been made public as part of legal filings in Lively’s ongoing lawsuit with former […]
Resolve AI, a startup developing an autonomous Site Reliability Engineer (SRE), a tool that automatically maintains software systems, has launched a Series A led by Lightspeed Venture Partners, according to three people familiar with the deal. The nominal valuation for the new round is $1 billion, sources said. However, the company’s actual blended valuation was […]
