EyeEm, the photo-sharing community based in Berlin which exited last year to Spanish firm Freepik post bankruptcy, has begun licensing users’ photographs to educate AI models. In the early part of this month, EyeEm added a new term to its Terms & Conditions through an email notification to its users that will allow it to […]
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 follows two other major fundraises that have resulted in a significant surge in the company’s valuation […]
It’s going to be a big week! Tech earnings are coming up, the EV wars are on (and how!), and it feels like venture capital has its head in the clouds. All that adds up to one packed Equity episode! Today, we dug into the latest markets news, including upcoming earnings, IPOs, and what impact […]
After years of easy money, the AI industry is facing a reckoning. A new report from Stanford’s Institute for Human-Centered Artificial Intelligence (HAI), which studies AI trends, found that global investment in AI fell for the second year in a row in 2023. Both private investment — that is, investments in startups from VCs — […]
It’s a long way from pedal bikes to Formula 1. But that’s precisely the quantum leap that AI-based startup Neural Concept and its co-founder and CEO, Pierre Baqué, made in just six years. In 2018, the company’s fledgling software helped develop the world’s most aerodynamic bicycle. Today, four out of 10 Formula 1 teams use […]
Multiverse, the U.K. based organization that constructs apprenticeship programs to train individuals in technology skills while they work, recently acquired Searchlight. Searchlight is a recruitment platform utilizing artificial intelligence to find the right talent. The plan is to incorporate Searchlight’s technology to construct new AI products to extend the scope of professional training services by […]
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. There’s not that much news from me this week, but I’ve been doing a ton of prep for TechCrunch Early Stage taking place in Boston on […]
Last year, Salesforce, recognized primarily for its cloud sales assistance software (and Slack), initiated a project dubbed ProGen with the objective of designing proteins utilizing generative AI. As a research venture, ProGen could potentially help discover medicinal therapies at a lower cost than the conventional techniques, according to the researchers who mentioned this in a […]
Details regarding Microsoft’s compensation to the investors of Inflection AI, as part of their unique deal to secure the co-founders, significant portion of the team, and the rights to utilize the technology, have not been disclosed publicly. Microsoft has chosen not to comment on this issue. However, unnamed sources have informed The Information that Microsoft […]
Astera Labs began its journey as a publicly traded company with a share price of $52.56, showcasing an impressive 46% increase at the time the market opened. The firm had priced its initial public offering (IPO) at $36 per share the previous night, surpassing the proposed price range. Astera’s IPO marks the first significant tech […]