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 […]
Zscaler, a cloud security company based in San Jose, California, has bought cybersecurity startup Avalor 26 months after its inception, according to reports, for a sum of $310 million in cash and equity. In a press release publicizing the news, Zscaler’s founder, and CEO, Jay Chaudhry stated that this acquisition would enhance Zscaler’s platform with […]
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, focused on startup and venture capital news that matters. If you are a founder or an investor, this one […]
Rabbit co-founder and CEO Jesse Lyu isn’t afraid of death… the death of the company, at least. He told TechCrunch the company is a startup whose fortunes may be influenced by the caprices of multi-billion-dollar rivals — but that’s no justification to capitulate and abandon the venture. Speaking at StrictlyVC LA, Lyu expounded his rather […]
Over the past couple of years, Nvidia, the leading AI chipmaker, has significantly increased its investments in startups, gaining a more profound foothold in the AI industry. According to S&P Global and Crunchbase, the number of Nvidia’s startup investments spiked 280% year-over-year from 2022 to 2023, participating in around 46 deals last year through the […]
A team led by former Twitter engineers is revolutionizing the utilization of AI for news processing. Particle.news, has recently launched its private beta version. This innovative startup offers a customized, multi-perspective news reading experience. Apart from using AI for news summarization, it also promises to pay authors and publishers reasonably, or as they claim. The […]