Author: TechCrunch News

The U.K. government wants to make a hard pivot into boosting its economy and industry with AI, and as part of that, it’s pivoting an institution that it founded a little over a year ago for a very different purpose. Today the Department of Science, Industry and Technology announced that it would be renaming the…

After more than 25 days, Apple and Google restored TikTok in the U.S Thrusday evening. Both companies removed the app from the App Store and the Play Store on January 18 in response to a national security law. Other ByteDance apps such as video editor CapCut and social app Lemon8 were also restored on these…

Turo on Thursday withdrew its plans for an IPO, ending a three-year wait to bring the online car-sharing network to the public marketplace, according to a regulatory filing. Turo, which was founded in 2010, allows private car owners to rent out their vehicles through the startup’s website or app. The company — sometimes described as…

While large corporations like Google and Meta are curbing their DEI programs, Ulu Ventures, which just raised a fourth fund at $208 million, doesn’t plan to change its strategy of investing in diverse founders, the firm told The Wall Street Journal. Co-founded by Miriam Rivera, a Latina and former vice president and deputy general counsel…

Big Tech and pharmaceutical companies are accelerating the implementation of artificial intelligence in the healthcare industry. Just last month, AWS and General Catalyst announced their partnership to speed up the development and deployment of healthcare AI tools. GE Healthcare teamed up with AWS to build generative AI for medical use in 2024.  …

Founders Fund is on track to conclude fundraising of its third growth fund at the end of March, according to people close to the firm. The Peter Thiel-founded outfit is raising $3 billion, a source told TechCrunch and Axios also reported. The fund, which is intended primarily for additional investments in its successful late-stage portfolio companies…

Federal workers are suing DOGE and its creator, Elon Musk to cut off the new agency’s access to their personal data. © 2024 TechCrunch. All rights reserved. For personal use only…

Consumer demand for credit options varies across regions, and for fintechs, understanding these differences is key to survival. In developed markets, where credit cards are common, consumers often view buy now, pay later (BNPL) offerings positively because of their flexible installment options. But in emerging markets like the Middle East, where credit card penetration is…

As if Elon Musk doesn’t have enough going on, a consortium of investors led by him announced plans Monday for what appears to be a hostile takeover of OpenAI. The investor group offered nearly $97.4 billion to buy all of OpenAI’s assets and is “prepared to consider matching or exceeding higher bids,” it said in…

Apple and Google have pulled as many as 20 apps from their respective apps for carrying a data-stealing malware. © 2024 TechCrunch. All rights reserved. For personal use only…