Tag: Startup

Welcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter that recaps the week that was in tech. This edition’s a tad bittersweet for me — it’ll be my last (for a while, anyway). Soon, I’ll be shifting my attention to a new AI-focused newsletter, which I’m super thrilled about. Stay tuned! Now, on with…

X, formerly Twitter, is now using Elon Musk’s AI chatbot Grok to power a feature that summarizes the personalized trending stories in the app’s Explore section. According to an announcement and screenshots posted by the X Engineering team on Friday, X’s Premium subscribers will be able to read a summary of posts on X associated…

Hallucinations — the lies generative AI models tell, basically — are a big problem for businesses looking to integrate the technology into their operations. Because models have no real intelligence and are simply predicting words, images, speech, music and other data according to a private schema, they sometimes get it wrong. Very wrong. In a…

Apple’s better-than-expected earnings and its record $100 billion buyback are pushing stocks higher ahead of today’s April jobs report…

Microsoft has reaffirmed its ban on U.S. police departments from using generative AI for facial recognition through Azure OpenAI Service, the company’s fully managed, enterprise-focused wrapper around OpenAI tech. Language added Wednesday to the terms of service for Azure OpenAI Service more clearly prohibits integrations with Azure OpenAI Service from being used “by or for”…

In a new filing, Google is pushing back against Fortnite maker Epic Games’ numerous proposed remedies after a court determined Google engaged in anticompetitive practices on its Play Store. Following the jury’s decision late last year, the two sides pled their cases about how Google should have to change its behavior in light of the…

Share to FacebookShare to TwitterShare to LinkedinTopline Amazon founder and chairman Jeff Bezos, who has an estimated net worth of $199.6 billion, is once again the second-wealthiest person in the world as of Thursday, overtaking Tesla CEO Elon Musk, who has an estimated net worth of $197.4 billion, and marking the second switch of the…

The downturn in venture capital funding has impacted startups, VC firms, and accelerators alike. One company in the final category, Techstars, has been shaking up its operations for some time now, leading to a number of departures. TechCrunch got curious about what happened, so we dove deep into exactly how it all went down. We…

Digital fraud detection company BioCatch has a new majority shareholder: U.K-based private equity firm, Permira, is acquiring shares in the company “primarily” from existing investors including Bain Capital, Maverick Ventures, and Tech Opportunities, in a secondary market transaction that values BioCatch at $1.3 billion. Existing shareholders Sapphire Ventures and Macquarie Capital are also increasing their…

The logistics industry in Nigeria, like any informal sector, struggles with poor infrastructure and other inefficiencies, making it difficult for businesses — both large and small — to move and store goods. Many startups have tackled middle-mile and last-mile delivery challenges, but one untapped area is providing an end-to-end fulfillment solution. Renda, a three-year-old startup,…