TechCrunch

Amid calls for sovereign EU tech stack, Evroc raises $55M to build a hyperscale cloud in Europe

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A Swedish startup aiming to build a hyperscale cloud company in Europe has raised €50.6 million ($55 million) in Series A funding. Evroc, as it’s called, says it’s laying the foundations for a “secure, sovereign and sustainable hyperscale cloud to reimagine the digital future of Europe.” The announcement comes amid growing calls to create a … Read more

Michael Seibel is leaving Y Combinator

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Michael Seibel announced late Wednesday on X that after more than 12 years at the famed accelerator Y Combinator, he is transitioning to a “partner emeritus” role. Y Combinator CEO Garry Tan shared the news separately in a company blog post, highlighting Seibel’s long history with the outfit. Seibel first joined YC as a founder, … Read more

ClearGrid, armed with a fresh $10M, is developing AI to improve debt collection in MENA

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Debt collection in emerging markets often feels outdated and can be costly — damaging borrower trust. As consumer lending surges and regulators push for fairer practices, legacy collection outfits are struggling to maintain pace. ClearGrid aims to help modernize debt collection — and recovery — with AI. The Dubai-based startup, which is emerging from stealth … Read more

SoftBank to acquire semiconductor designer Ampere in $6.5B all-cash deal

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SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a chip designer founded by former Intel executive Renee James, through a $6.5 billion all-cash deal as a strategic move to broaden its investment in AI infrastructure. Ampere will be operate as a wholly-owned subsidiary of SoftBank after the deal, which is expected to … Read more

How a $6M bet on Wiz turned into a massive 200x return for one early backer

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Wiz’s $32 billion all-cash acquisition by Google parent Alphabet promises a colossal payday for the cybersecurity startup’s early-stage investors. The deal is a big win for Sequoia, one of the best-known VC firms, which stands to make $3 billion, about 25x the money it invested in the company, Bloomberg reported. Despite substantial returns for Sequoia’s … Read more

OpenAI’s o1-pro is the company’s most expensive AI model yet

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OpenAI has launched a more powerful version of its o1 “reasoning” AI model, o1-pro, in its developer API. According to OpenAI, o1-pro uses more computing than o1 to provide “consistently better responses.” Currently, it’s only available to select developers — those who’ve spent at least $5 on OpenAI API services — and it’s pricey. Very … Read more

OpenAI research lead Noam Brown thinks AI ‘reasoning’ models could’ve arrived decades ago

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Noam Brown, who leads AI reasoning research at OpenAI, says “reasoning” AI models like OpenAI’s o1 could’ve arrived 20 years earlier had researchers “known [the right] approach” and algorithms. “There were various reasons why this research direction was neglected,” Brown said during a panel at Nvidia’s GTC conference in San Jose on Wednesday. “I noticed … Read more

Nvidia reportedly acquires synthetic data startup Gretel

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Nvidia has reportedly acquired Gretel, a San Diego-based startup that’s developed a platform to generate synthetic AI training data. Terms of the acquisition are unknown. The price tag was said to be nine figures, exceeding Gretel’s most recent valuation of $320 million, according to Wired. Gretel and its team of roughly 80 employees will be folded … Read more

AWS generative AI exec leaves to launch startup

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Raj Aggarwal is leaving AWS after nearly three years as the company’s GM of generative AI and revenue acceleration, according to a LinkedIn post Aggarwal published Wednesday. “I’m proud of the pioneering work our team did in generative AI from its earliest days,” Aggarwal said in his post. “We built what might be the world’s … Read more

Group co-led by Fei-Fei Li suggests that AI safety laws should anticipate future risks

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In a new report, a California-based policy group co-led by Fei-Fei Li, an AI pioneer, suggests that lawmakers should consider AI risks that “have not yet been observed in the world” when crafting AI regulatory policies. The 41-page interim report released on Tuesday comes from the Joint California Policy Working Group on Frontier AI Models, … Read more

xAI launches an API for generating images

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Elon Musk’s AI company, xAI, has added image generation capabilities to its API. Only one model is available in the API at the moment, “grok-2-image-1212.” Given a caption, the model can generate up to 10 images per request (limited to 5 requests per second) in JPG format, priced at $0.07 per image. For comparison, AI … Read more

Telegram founder Pavel Durov says app now has 1B users, calls WhatsApp a ‘cheap, watered down imitation’

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Telegram founder Pavel Durov said today that the service now has more than 1 billion active users. This number is up from last year’s reported 950 million monthly active users. Durov also noted that the company registered $547 million in profits last year. He had announced the company’s profitability in December but hadn’t provided any … Read more

GM, Gatik, Torc team up with Nvidia to accelerate self-driving

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NVIDIA’s GTC conference kicked off with a series of announcements highlighting its role in advancing autonomous driving technology. The chipmaker provides automakers and autonomous vehicle companies with a handful of Nvidia-branded tools to help power self-driving cars and create digital twins of factories. On Tuesday, companies including Torc, Gatik, and even General Motors announced plans … Read more

Streamer Plex raises subscription price for the first time in a decade

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Streaming service and software maker Plex is raising its prices. The company announced on Wednesday its first price increase in a decade for its premium subscription service Plex Pass, which offers power users a variety of additional features, like offline access, themes, hardware transcoding, and other advanced settings. The service will now cost $6.99 per … Read more

Google search, Play Store falling foul of Digital Markets Act rules, says EU

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Google Search and its Play Store app marketplace are suspected of breaching the European Union’s Digital Markets Act (DMA), per preliminary findings announced Wednesday by EU Commission enforcers of the bloc’s flagship market contestability law, who have been investigating the company for months. The DMA applies to a handful of tech giants, Alphabet (Google’s parent) … Read more

Researchers say they’ve discovered a new method of ‘scaling up’ AI, but there’s reason to be skeptical

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Have researchers discovered a new AI “scaling law”? That’s what some buzz on social media suggests — but experts are skeptical. AI scaling laws, a bit of an informal concept, describe how the performance of AI models improves as the size of the datasets and computing resources used to train them increases. Until roughly a … Read more

Tera AI comes out of stealth with $7.8M to provide visual navigation for robots

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Robots are part of an exciting new frontier in tech, but here’s the challenge: robots rely on arrays of sensors, external signals like GPS and Wi-Fi, and customized software to navigate their environments. Further, robotics often involves expensive, ready-made hardware solutions that include built-in software and sensors designed for specific tasks, like estimating relative motion. … Read more