[ad_1] A federal judge has rejected drone maker DJI’s efforts to get off a Department of Defense list of Chinese military companies. U.S. District Judge Paul Friedman ruled Friday that the DoD had provided “substantial evidence” that DJI contributes “to the Chinese defense industrial base.” Pointing to the use of …
Read More »Paid, the AI agent ‘results-based billing’ startup from Manny Medina, raises huge $21M seed
[ad_1] Manny Medina, previously best-known as the founder of sales automation startup Outreach ($4.4 billion valuation), has wowed investors with his young startup, Paid. Paid just closed an oversubscribed $21.6 million seed round led by Lightspeed. With the €10 million pre-seed round it raised in March, London-based Paid has already …
Read More »The AI services transformation may be harder than VCs think
[ad_1] Venture capitalists have convinced themselves they’ve found the next big investing edge: using AI to wring software-like margins out of traditionally labor-intensive services businesses. The strategy involves acquiring mature professional services firms, implementing AI to automate tasks, then using the improved cash flow to roll up more companies. Leading …
Read More »Oura CEO talks potential IPO and ‘nonnegotiable’ data privacy
[ad_1] In a recent interview with The New York Times, Oura Health CEO Tom Hale didn’t discuss reports that the company is raising new funding that would value the health-tracking ring maker at nearly $11 billion, but he did talk about whether he has ambitions to take Oura public. “We’ve …
Read More »The billion-dollar infrastructure deals powering the AI boom
[ad_1] It takes a lot of computing power to run an AI product — and as the tech industry races to tap the power of AI models, there’s a parallel race underway to build the infrastructure that will power them. On a recent earnings call, Nvidia CEO Jensen Huang estimated …
Read More »TechCrunch Mobility: Self-driving trucks startup Kodiak goes public and a shake-up at Hyundai’s Supernal
[ad_1] Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! The autonomous vehicle industry is years — maybe decades — from maturing. And so there’s …
Read More »Wiz chief technologist Ami Luttwak on how AI is transforming cyberattacks
[ad_1] “One of the key things to understand about cybersecurity is that it’s a mind game,” Ami Luttwak, chief technologist at cybersecurity firm Wiz, told TechCrunch on a recent episode of Equity. “If there’s a new technology wave coming, there are new opportunities for [attackers] to start using it.” As …
Read More »Everyone’s still throwing billions at AI data centers
[ad_1] From $100 billion OpenAI commitments to $100,000 visa fees, this week showed just how much the tech landscape is shifting. On the latest episode of Equity, Anthony Ha and Max Zeff unpack the AI infrastructure gold rush and tech’s talent shuffle. Watch the full episode for more about: Equity …
Read More »More executives depart Hyundai’s air taxi startup Supernal
[ad_1] A wider leadership shake-up at Hyundai’s electric air taxi startup Supernal is underway just a few weeks after it paused work on its vehicle program and its CEO and CTO left, TechCrunch has learned. Supernal’s chief strategy officer, Jaeyong Song, and chief safety officer, Tracy Lamb, are no longer …
Read More »As people look for ways to make new friends, here are the apps promising to help
[ad_1] In recent years, people have been increasingly looking for new ways to form platonic connections, as loneliness and social isolation have become more prevalent. In 2023, the U.S. Surgeon General went so far as to label this issue a public health crisis. Remote workers, who miss the everyday interactions …
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