106 results found
Startup CEOs from Read AI and Lucidya shared an optimistic outlook at Web Summit Qatar, challenging common fears about AI replacing human jobs. They told TechCrunch that AI tools are designed to automate specific tasks, not entire professional roles. This perspective suggests AI will enhance human productivity by handling mundane work, allowing people to focus on creative and strategic endeavors.
The visionary co-founders behind popular apps Reface and Prisma have teamed up to launch Mirai, a new venture focused on significantly improving AI model performance directly on devices like smartphones and laptops. With a fresh $10 million seed funding, Mirai aims to revolutionize on-device AI inference.
OpenAI is reportedly nearing a massive $100 billion funding deal, pushing its valuation to an astonishing $850 billion. This landmark agreement involves major tech giants like Amazon, Nvidia, SoftBank, and Microsoft, signaling a new era for the AI leader and the broader tech industry.
Meta CEO Mark Zuckerberg appeared in a Los Angeles courthouse for landmark trial testimony, flanked by an entourage wearing Meta's Ray-Ban smart glasses. He walked past grieving parents who attribute their children's deaths to social media platform design issues. Zuckerberg spent eight hours on the stand, answering questions in his signature monotone cadence and denying various claims.
Etsy has sold its secondhand clothing marketplace, Depop, to eBay for $1.2 billion. This deal comes nearly five years after Etsy acquired Depop for $1.62 billion, at a time when secondhand clothing apps were gaining significant traction during the pandemic, marking a new chapter for the popular fashion platform.
OpenAI is making a major move into India, partnering with Tata for an initial 100MW AI data center capacity with a long-term goal of 1GW. The AI giant also plans to open new offices in Mumbai and Bengaluru later this year, signaling a deep commitment to India's tech landscape and talent pool. This expansion is set to significantly boost AI development and adoption in the region.
