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03:16 25.04.2024

Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs

Advances in generative AI have taken the tech world by storm. Biotech investors are making a big bet that similar computational methods could revolutionize drug discovery. On Tuesday, ARCH Venture Partners and Foresite Labs, an affiliate of Foresite Capital, announced that they incubated Xaira Therapeutics and funded the AI biotech with $1 billion. Other investors […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

675 techcrunch.com

21:08 24.04.2024

Why code-testing startup Nova AI uses open source LLMs more than OpenAI

Enterprises still don't trust OpenAI, while open source AI models are cheaper and more than sufficient for targeted specific tasks, Nova AI founder says. © 2024 TechCrunch. All rights reserved. For personal use only.... →

678 techcrunch.com

19:00 24.04.2024

TechCrunch Minute: Perplexity AI could be worth up to $3B. Here’s why

Perplexity AI‘s latest, large fundraising event could be quickly superseded by another, even larger chunk of capital, TechCrunch reports. Yes, the $62.7 million that the startup raised at just over a $1 billion valuation could be quickly stomped on by a raise of as much as $250 million at a valuation that is up to […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

755 techcrunch.com

19:00 24.04.2024

Stainless is helping OpenAI, Anthropic and others build SDKs for their APIs

507 techcrunch.com

18:02 24.04.2024

Fintech gaming startup Sanlo’s webshop tool could help developers avoid costly app store fees

Sanlo, a fintech startup that helps gaming companies manage finances, announced Wednesday the closed beta launch of its webshop tool, giving select game developers and studios a plug-in-play solution that works alongside their existing tech stacks. Gaming companies can join the waitlist starting today. With Google and Apple charging a 30% fee for in-app purchases […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

828 techcrunch.com

18:00 24.04.2024

Anon is building an automated authentication layer for the gen AI age

As the notion of the AI agent begins to take hold, and more tasks will be completed without a human involved, it is going to require a new kind of authentication to make sure only agents with the proper approval can access particular resources. Anon, an early stage startup is helping developers add automated authentication […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

494 techcrunch.com

17:02 24.04.2024

Nvidia acquires AI workload management startup Run:ai

Nvidia is acquiring Run:ai, a startup that makes it easier for developers and operations teams to manage and optimize their AI infrastructure, for an undisclosed sum. Ctech reported earlier this morning the companies were in “advanced negotiations” that could see Nvidia pay upwards of $1 billion for Run:ai. Evidently, those negotiations went well. Nvidia says […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

538 techcrunch.com

16:00 24.04.2024

Tomorrow, TechCrunch Early Stage 2024 takes over Boston

Tomorrow is the day we’ve all been waiting for! TechCrunch Early Stage 2024 kicks off in Boston, and we can’t wait to see you there! We’re expecting 1,000+ attendees for a full day of all things early-stage startups. As you gear up for an immersive dive into the world of startup success, here’s a quick […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

495 techcrunch.com

15:16 24.04.2024

UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic, and Inflection

The U.K.’s Competition and Markets Authority (CMA) is launching preliminary enquiries into whether the close-knit tie-ups and hiring practices involving Microsoft, Amazon and a trio of AI startup falls within the scope of its merger rules — and whether the arrangements could impact competition in the U.K. market. The announcement comes amid growing scrutiny of […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

741 techcrunch.com

13:00 24.04.2024

Parloa, a conversational AI platform for customer service, raises $66M

Conversational AI platform Parloa has nabbed $66 million in a Series B round of funding, a year after the German startup raised $21 million from a swathe of European investors to propel its international growth. The company is focusing on the U.S. market in particular, where Parloa opened a New York office last year — […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

718 techcrunch.com

08:37 24.04.2024

French startup FlexAI exits stealth with $30M to ease access to AI compute

With the current iteration of its product going through its paces with a handful of beta customers, FlexAI will launch its first commercial product later this year. © 2024 TechCrunch. All rights reserved. For personal use only.... →

461 techcrunch.com

06:24 24.04.2024

Google-backed Glance pilots Android lockscreen platform in US

Glance, which operates a lockscreen platform targetting Android smartphones, is setting its sights on the U.S. market. The Indian startup recently commenced a pilot program in partnership with Motorola and Verizon in the U.S., with plans for a full launch in the country later this year, sources familiar with the matter told TechCrunch. The Bengaluru-headquartered […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

809 techcrunch.com

19:00 23.04.2024

TechCrunch Minute: How Headspin’s founder fraudster almost get away with lying to investors

News that the former founder of HeadSpin is headed to prison for fraud was further evidence that the last boom in the paired worlds of startup and venture capital led to more than just a little bit of fraud. Manish Lachwani, founder in question, is getting prison time and a massive fine for lying to […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

662 techcrunch.com

18:07 23.04.2024

Perplexity is raising $250M+ at a $2.5-$3B valuation for its AI search platform, sources say

Perplexity, the AI search engine startup, is a hot property at the moment. TechCrunch has learned that the company is currently raising at least $250 million more at a valuation of between $2.5 billion and $3 billion. The news comes on the heels of two other big fundraises that have seen company’s valuation leapfrog in […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

507 techcrunch.com

18:06 23.04.2024

Fisker plans more layoffs as cash dwindles and bankruptcy looms

Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to seek bankruptcy protection within the next 30 days if it can’t come up with that money, according to a U.S. Securities and Exchange Commission regulatory […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

684 techcrunch.com

17:00 23.04.2024

Campus, a community college startup, receives $23M Series A extension led by Founders Fund

Although many students in the United States enter community colleges intending to transfer to four-year universities, only 16% of those students receive bachelor’s degrees within six years. But Campus, an online alternative to traditional community colleges, has an approach that aims to change that. Many adjunct professors at the nation’s top universities, including UCLA, Princeton […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

478 techcrunch.com

16:00 23.04.2024

Texture makes a bid to become the world’s go-to platform of the energy transition

The startup, founded by an Arcadia alumnus, seeks to become a common data collection and sharing platform for renewable power sources like wind, solar, and batteries. © 2024 TechCrunch. All rights reserved. For personal use only.... →

495 techcrunch.com

16:00 23.04.2024

With Easel, ex-Snap researchers are building the next-generation Bitmoji thanks to AI

Easel is a new startup that sits at the intersection of the generative AI and social trends, founded by two former employees at Snap. The company has been working on an app that lets you create images of yourself and your friends doing cool things directly from your favorite iMessage conversations. There’s a reason why […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

444 techcrunch.com

00:25 23.04.2024

Here’s a lab-grown diamond startup that’s attracted a16z’s attention

Throughout hip-hop’s long history, jewelry has served as an important vehicle for artists to convey their ideas and affluence, or simply to dazzle onlookers. Diamonds, in particular, serve as an important motif, famously exemplified by Drake’s $400,000 diamond-encrusted iPhone case. But not everyone is a millionaire rapper, and most people can’t exactly afford to wear […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

645 techcrunch.com

21:00 22.04.2024

‘Send now, pay later’ startup Pomelo lands $35M Series A from secretive Vy Capital, Founders Fund

Pomelo, a startup that combines international money transfer with credit, has raised $35 million in a Series A round led by Dubai venture firm Vy Capital, TechCrunch has exclusively learned. Additionally, the company is announcing a $75 million expansion of its warehouse facility. Founders Fund and A* Capital also participated in the financing, along with […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

440 techcrunch.com

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